|AUGUST 21, 2019|
- HMM scraps Asia Europe Express service after joining THE Alliance
- DSV completes acquisition of Switzerland's Panalpina for US$5.5b
- Maersk CEO wants to talk to US President Trump about free trade
- China's retaliatory duties on US agricultural products will hurt America more
- UK seeks company to maintain critical medical supplies if there's 'no-deal Brexit'
- Mexico's Progreso port to build new box terminal, auto handling facilities
- Eid causes cargo congestion at inland container depots in Bangladesh
- Cathay Pacific appoints Mandy Ng as HK Express CEO
- Reforms needed to maximise aviation benefits in South Africa
- India's draft policy on logistics ignores express industry, says lobby
|AUGUST 20, 2019|
- DSV completes acquisition of Panalpina
- Global container market seen facing headwinds
- Seized Iranian VLCC makes its way east across the Mediterranean
- DGFT notifies import of 30,000 t of crude soya oil from Paraguay
- India begins 'safeguard investigation' on imports of palm oil from Malaysia
- US Senator urges Trump Administration to resolve trade tensions with India
- Vegetable oil imports up
- Suez Canal Container Terminal announces plans to open reefer repair hub to all brands
- CONCOR & Railways join hands to commence container train operations from Suranussi, near Jalandhar
- DMICDC Logistics Data Services appoints Ichiro Oshima as new CEO
- CBDT takes further steps to ensure transparency in tax administration by bringing in concept of DIN
- Corporate tax to be cut gradually to 25 pc for all companies, says Finance Minister
- Stimulus package sought to initiate investment cycle in economy
- Revamped indicator suggests further weakening of goods trade into third quarter
|AUGUST 21, 2019|
- Flying high at the Bosphorus
- Expanding rail service between Maasvlakte II and Venlo
- Panattoni Europe builds "City Dock" in Berlin
- Eurogate Tanger expands its capacities
- Two long trucks instead of three conventional vehicles
- Suparna to connect Norway with Nanjing
- Lisa Lefeber elected next CEO of Port of Everett Commission
- Swiss intermodal operator prepares for digitalisation
- First unit sold at brand-new multi-purpose hub in Redditch
- Klagenfurt airport to become a business hub
- Jens Thiermann withdraws from the helm at Timocom
- Reaching new heights in Rostock
- Automating logistics for IVF Hartmann
- Cologne bans large trucks from the city centre
- Cathay Pacific appoints new HK Express CEO
- Avianca Brasil leaves Star Alliance
- Ulrichs in the starting block
- "Curiosity of the Day"
|AUGUST 20, 2019|
- Maersk's digital drive into India's trucking sector via tie-up with online platform
- US box ports report surprise growth in imports, despite tariffs
- US tech start-up RPA set to disrupt logistics with AI bots
- How animals get to aquariums and zoos, and everywhere in between
- US warns Greece over inbound Iranian VLCC
- Supply chain radar: Welcome to transport & logistics, the perennial IT laggard...
- On the wires: 'No interest whatsoever' in troubled Toll Group as it readies for deeper cuts & misery builds
- On the wires: DSV Panalpina - here is the 'high-level integration' timeline
|AUGUST 20, 2019|
- VIDEO: Robert Allan and MTU develop LNG fueled shallow draft push boat
LNG is increasingly becoming a maritime industry "fuel of choice," for the maritime industry, not only for its potential in reducing environmentally harmful emissions, but also for its reduced cost when compared
- ABB Turbo signs 55 vessel contract for digital solution for shipping fleets
ABB Turbocharging has secured its first contract for ABB Ability Tekomar XPERT for a fleet. It covers 55 vessels managed by Hamburg based ship manager CPO Containerschiffreederei (CCPO) CCPO offers high quality
- MAN and Samsung ink strategic digitalization agreement
MAN Energy Solutions and Samsung Heavy Industries Co., Ltd. have signed a strategic cooperation agreement for the digitalization of marine engines. Together they want to define a framework for a long term
- Huntington Ingalls makes shipyard leadership changes
Huntington Ingalls Industries (NYSE:HII) has made leadership changes at its Ingalls Shipbuilding and Newport News Shipbuilding divisions. Premo Sabbatini has been promoted to vice president of central planning and process excellence at
- Signet Maritime closes $140 million secured term loan
Houston, Texas, headquartered tugboat operator Signet Maritime Corporation reports that it has that it closed a $140 million senior secured term loan facility with Riverstone Credit Partners, L.P., a dedicated energy and
|AUGUST 20, 2019|
- International co-operation needed to tackle Gulf of Guinea piracy
Call comes after the abduction of 17 seafarers in the Gulf of Guinea
- Global Ports Holding submits bid for Puerto Rico port
Port operator hit by declining volumes of cement and marble in the first half of the year
- Focus shifts to release of Stena Impero after Iranian tanker freed
'Now the US has issued an arrest warrant for the Grace 1, we don't know if this will screw things...
- Freight sector alarmed by Brexit planning report
Freight Transport Association deputy chief executive James Hookham says he is concerned that none of the planned scenarios leaked in...
- Yard Talk | Life is unpredictable
Chairman Ren Yuanlin's possible return to the helm is hugely important for Yangzijiang, which is pinning its hopes on a...
- SOHAR leads Oman's diversification
Multiple developments are planned, including the leasing out of the large Terminal 2D
- Indonesia backtracks on HSFO waiver for domestic vessels
Indonesia's national oil company Pertamina will now produce 380,000 kilolitres of 0.5% sulphur fuel oil and set up bunkering points...
- Dry bulk market to enter a new era of sustainability says BHP
BHP estimates IMO 2020 to add between $1-$2 a tonne to Western Australia-China freight and $3-$4per tonne to Brazil-China
- LNG market poised for a positive end to 2019
Flex LNG expects market to be tight going into 2020, propping up shipping demand
- US trader Freepoint Commodities to start Singapore LSFO supply by fourth quarter
Freepoint Commodities has also tied up with Pertamina to upgrade its TBMM fuel terminal across the Singapore Strait into a...
- Daily Briefing
Iran warns US not to seize freed tanker headed towards Greece | Economou clinches DryShips deal | Cosmoship and MC-Schiffahrt...
- Keppel sizes up fire damage on LNG tanker
The first of two 7,500 cu m LNG bunkering capable tankers ordered from Keppel Singmarine was launched at Keppel Nantong...
- Check out Britain's intellectual capital at London shipping week
LISW comes seven weeks before the UK leaves the European Union. How will that affect the country's maritime sector? Where...
- Natural gas deliveries to US LNG plants hit monthly high
Freeport LNG has jumped ahead of Elba LNG and will ship first cargoes later this month
- Chinese crude imports up 8.8% in the first half of 2019
Saudi Arabia became China's largest crude oil supplier in the first half of 2019, with 37.8m tonnes, followed by Russia
- Maritime cities must learn the advantages of cluster thinking
Hong Kong is in the throes of political turmoil, however most maritime hubs have concerns. One way to mitigate disruption...
- DSV completes acquisition of Panalpina
DSV expects the process to take two to three years, with most of the operational integration being completed within two...
|AUGUST 20, 2019|
- Rolling in the deep
- Ulrichs named CEO of BBC Chartering
- Container growth ups Mexico customs reform pressure
- US truck index signals rebounding demand
- Logistics software vet launches process automation venture
- Maersk joins Indian logistics startup for truckload offering
|AUGUST 20, 2019|
- Nathalin returns to Chinese yard and saves VLCC from breakers
Thai owner places first order since December 2017, while left-for-dead VLCC also turns up in fleet
- Cash-rich Zhoushan Changhong shipyard buys bankrupt Ouhua
A well-funded yard has taken over a former rival with government encouragement
- 2020 Bulkers upgraded to buy on new Newcastlemaxes
BTIG analyst Gregory Lewis says the ships should be valued at at least $60m each
- Philippines, Russia work to make contact with kidnapped crew
The Russian and Filipino governments have reached out to determine the condition of the 17 seafarers kidnapped off two ships in Cameroonian waters last week. According to local media reports, officials from both countries are in contact with authorities in Cameroon. The Manila Times reports that the Philippines departments of labor and employment and foreign affairs were coordinating with both a
- McAllister Towing adds new tug to Charleston service
McAllister Towing has brought on a new tugboat to handle big boxships coming in and out of US port of Charleston, North Carolina. The 6,770-bhp Capt. Jim McAllister (built 2019) is the New York-based owner's fourth tug in a series of four 80 metric-tonne bollard pull tugboats and 33rd tractor in its 57-strong fleet. The tug is powered by 3516E Tier IV Caterpillar engines with twin Schottel SRP40
- Pathy likes his assets heavy as Fednav rivals travel light
Fleet swells to 125, with 64 owned ships, and Japanese long-term charters
- Clarksons turns bearish as global downturn threatens recovery
The shipbroker still believes in an upturn in 2020, but a recession could reverse forecasts
- Wallem-managed bulker saves fishing crew adrift in Pacific
Joint rescue effort also involved US naval base in Guam, Japanese Coast Guard and Japanese trawler
- Wilhelmsen's Treasure launches share buyback
Treasure ASA, a holding company for Wallenius Wilhelmsen's interest in South Korean car carrier owner Hyundai Glovis, is giving stakeholders an opportunity to sell hundreds of thousands of shares. The Wilhelmsen subsidiary has launched an offer to buy back 1.5 million units pursuant to its board of directors' 13 March approval to acquire 10% of outstanding shares until its 2020 annual general mee
- Adrian Darya 1 shuts off AIS as US warns ports
"Weakness is never the answer," top US official says on Gibraltar releasing tanker
- Ship Finance International seals scrubber deal for seven boxships
Diversified shipowner has come to an agreement on scrubbers with a customer highly likely to be Maersk
- Flex LNG targets longer-term contracts as newbuildings deliver
Chief executive Oystein Kalleklev says in-house ship management will be in place by the fourth quarter
- Jumbo launches biofuel project with GoodFuels
Partnership aims to develop sustainable fuel for offshore fuel market
- Dwindling US soybean exports to China might never recover
Tensions between the two nations have led to a decline that is unlikely to return to pre-trade war levels, and other countries are ready to take up the slack
- AIDA Cruises to use battery power on its ships
The Carnival Corp-owned brand has signed an agreement with Corvus Energy to install lithium-ion batteries on its fleet of 13 ships
- Bergen Box to sell containership trio to parent after annual loss
Loss-making containership owner Bergen Box Carriers is selling its three ships to its main shareholder, the Nistad group. The 868-teu Andrea and Angela (both built 2005) and the 601-teu Green Fast (built 1996) are being sold for €14m ($15.5m) en bloc, according to the Norwegian financial daily Finansavisen, At the end of last year, the three ships had a book value of NOK 68.6m ($7.63m). The sal
- Indonesia will comply with IMO 2020 rules after all
In a seemly U-turn of its earlier stance, Indonesia's transport ministry says all ships will need to meet the IMO's sulphur cap
- Blue Fin Tankers targets Valero for damages over tainted fuel
Legal woes mount for San Antonio-based refiner amid allegations that more than 150 vessels received bad bunkers
- Ulrichs takes over from Andersen at multipurpose giant BBC Chartering
Multipurpose veteran Svend Andersen hands the baton to former Rickmers man Ulrich Ulrichs
- Sweet Chinese crude could make scrubber retrofits a money loser
Beijing could slash the global bunkers price spread to $100 per tonne with the stroke of a pen
- Welcome to Miami for Campbell Johnston Clark
London shipping law firm expands in US with hire of Neil Bayer and team
- Dof trims loss but long-term financing questions remain
Group expects a better second half of 2019, but volatility both in rates and utilisation remains high
- Global Ports sees losses mount, as asset sell-off nears
Struggling London-listed Global Ports Holdings, which issued a profit warning earlier this month, saw losses mount in the first half of 2019 as it was hit by a plunge in cargo volumes despite growth in its cruise terminals business. The Istanbul-headquartered investment company with terminals in the Mediterranean, Caribbean and Asia was hit by a 42.2% fall in general and bulk cargo and 14.4% fall
- NOCC charters out entire fleet but avoids long-term contracts
Privately owned car carrier owner confident in market recovery
- Star Clippers and Brodosplit fight over sail-powered cruise newbuilding
Arbitration begins as operator claims unique vessel was completed far too late
- Profit inches up at Viking on higher sales
Baltic Sea-focused ferry operator sees more cargo, but fewer passengers in first half of 2019
- Flex LNG: Large LNG fleet surpasses 500 ship mark
But Fredriksen-backed owner says market has absorbed new tonnage, despite less tonne mile growth
- Shandong growth helps maintain China's crude import demand
New refining capacity and geopolitical risk ensure physical oil demand remains resilient
- Team Tankers chief engineer assaulted off Indonesia
Attack by armed robbers said to be second such incident off Tanjung Priok in a month
|AUGUST 20, 2019|
- Global logistics software company WiseTech reports huge rise in revenues and profits
WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit...
- FMCSA sets query prices for drug-alcohol clearinghouse
Employers can choose $1.25 bundling option or $24,000 annual fee.
- Uber to open central office in downtown Dallas - its largest after San Francisco headquarters
The ride-sharing giant joins a stream of transportation companies that have migrated to the Dallas metro areas in recent years.
- Indian regulator clears Canadian pension fund stake in Delhivery
Canada Pension Plan Investment Board to acquire up to 8 percent of fast-growing e-commerce fulfillment company.
- Employee levels at U.S. Class I rail operations drop
Headcount continues to fall at U.S. rail operations as the railroads implement precision scheduled railroading.
- 2020 Freightliner Cascadia evolves into technological tour de force
Already the undisputed Class 8 sales leader, the 2020 Freightliner Cascadia arriving this fall is a technological tour de force that allows the truck to...
- Milan to appeal $31 million reversal in Navistar decision
Company representative confident award will be reinstated in state supreme court.
- Small carriers say they will push device compliance into fourth quarter
Small carriers that do not have the change their hardware in order to make the switch to ELDs need the shortest lead time.
- XPO unit, California workers propose $5.5 million settlement to end classification fight
XPO unit, class of drivers and helpers reach $5.5 million settlement to end three-year legal fight over job classification
- Is Uber's "forward looking" too hazy for investors?
Since Uber went public in May 2019, journalists and analysts have sharpened their skepticism regarding the viability of the company's sweeping ambition and future-reliant success....
- Commentary: Freight railroads must improve digital functionality
Jim Blaze writes about FreightWaves SONAR and how it could be a helpful tool for the freight railroads.
- Court rejects rail shippers class formation request; senators press for rail reform
A federal appeals court denies a request by rail shippers to form a class lawsuit, and U.S. Senators press the Surface Transportation Board to take...
- Starship Technologies closes $40 million Series A
Funding will be used to expand on-campus robotic food delivery.
- Railcar backlogs turning upward as sand, grain shipments slow
Grain may return with trade growth, but frac sand in structural change.
- Prologis with a rare find in tight Los Angeles market
The nation's largest logistics warehouse owner, operator and developer bolsters its Los Angeles portfolio with an increasingly difficult find.
- Customs brokers will get to know importers better
The National Customs Brokers and Forwarders Association of America welcomed a recently proposed rule from U.S. Customs and Border Protection that requires customs brokers to...
- Severe storms, intense heat ongoing in Plains, West (forecast video)
Dangerous heat across several states, feeling like 110° or hotter.
- Law firm BakerHostetler develops blockchain-based smart legal contracts for the freight market
These smart legal contracts allow participants to track post-signature performance of the agreement by integrating it with the existing enterprise systems.
- Trucking leaders and customs brokers wonder what's next with the USMCA?
The United States-Mexico-Canada Agreement (USMCA) was the hot topic at the most recent meeting of the Laredo Motor Carriers Association (LMCA). Trucking industry leaders, customs...
- California bill on independent contractors likely to pass without any carve-out for truckers
If theres going to be an exception for trucking, its going to be next year or through the courts.
- Today's Pickup: Atlas Van Lines offers streamlined moving service
A new app aims to streamline household moves, plus China shipping empty containers to Europe and air cargo volumes drop again.
- Road safety startup Zendrive raises $37 million
The funding coincides with the launch of an artificial intelligence solution that detects stop sign violations.
- Heniff, Superior Bulk Logistics and Freymiller hit the auction block
PE firms pay up to eight times EBITDA for chemical haulers.
- From A to Z: How animals get to aquariums and zoos, and everywhere in between
Zoos and aquariums rely on the expertise of logistics professionals to safely and humanely relocate live animals
- Huge rise in revenues but a massive slump in profits for LBC Express
Logistics provider LBC Express (PSE: LBC) of Manila, the Philippines, has reported a massive rise in revenues in the second quarter of 2019 but a...
|AUGUST 20, 2019|
- Oil edges higher as market eyes tighter supply, weaker dollar
Oil futures traded higher Tuesday amid a weaker US dollar and a tightening global supply picture.
- ANALYSIS: China's naphtha imports thirst set to increase in Q4
ZPC set to start its naphtha cracker by the end of 2019 and diverts supplies for its own consumption.
- Firm Western freight rates pull LPG vessels to US to avoid weak Asian rates
The East is seeing more vessels being relet as congestion at Indian ports over March to July, following the pre-election stockpiling, is being cleared, traders said.
- First US crude offer in Asia MOC creates stir amid shut arbitrage
The offer remained standing at a premium of $4.55/b to first-line October Dubai at the end of the MOC process, with no buying interest seen.
- Iran warns US against seizing its tanker as tensions flare in Persian Gulf
The government of Gibraltar on Sunday rejected a US request to seize the tanker, which was carrying 2.1 million barrels of light crude.