|AUGUST 22, 2019|
- Tanjung Pelepas tops utilisation record for third time on 23,000-TEUer
- YZJ Shipbuilding's H1 earnings rise 11pc YoY to US$345.4m
- Montreal port to develop new box terminal with bank funding
- Greencarrier deploys first all-electric trucks for deliveries in Shanghai
- US LTL industry looks healthy with higher contract rates
- Removal of trucking capacity supports stronger rates moving forwards
- UPS drops delivery surcharges for 2019 holiday season
- HKIA airfreight volume down 7pc in July
- Virgin Atlantic, Delta Air Lines raise capacity, frequency of US-UK flights
- Emirates SkyCargo named 'Best Customer Airline 2018' in Malaysia
|AUGUST 21, 2019|
- Dialogue sought on cargo misdeclaration fines
- Höegh Autoliners transports 100 break-bulk units simultaneously from India & Germany to Kenya
- India's shrimp exports to US up by 14 pc in January-June 2019
- Essar Ports registers 17.4 pc Q1 growth in cargo volumes
- Maersk & BlackBuck announce partnership to provide online marketplace for containerised trucking in ex-im logistics in India
- Sachin Bhanushali appointed Chief Executive Officer of Gateway Distriparks
|AUGUST 22, 2019|
- Ceva Logistics renews contract in the global energy sector
- Six seconds on the Dutch railway in 2020
- Hamburg Süd enhances Asia/Pacific services
- Testing the world's first AI-powered robotic cargo system
- Sailors' Society welcomes new Greek ambassador
- Dematic automates distribution hub for Ceratizit
- Thordon appoints Michael Haraldsson
- Logwin participates in Marco Polo finance network
- The Alliance also has Australia in its sights
- Chapman Freeborn brings MRI machine to Maldivian atoll
- Europa brings new HR and talent team on board
- Amazon plans to open new fulfilment centre in Utah
- "Curiosity of the Day"
- CAM continues to expand
- Baltic Ports Organisation focuses on port sustainability
- PKP Cargo to publish its H1/2019 results
|AUGUST 21, 2019|
- M&A radar exclusive: DSV Panalpina - here is the 'organisational chart' of its core unit
- As pressure grows, Indonesia backs down on IMO 2020 defiance
- Shipping softens towards 'no-deal' after Whitehall Brexit scenario leak
- New US scanning tech a hit with trucks, but still pie in the sky for air cargo
- Synergy with 2M sees Zim back in calmer financial waters in Q2
- How a global recession could impact ocean shipping
- Market Insight: K+N still leads race for 2nd place in air freight against DSV Panalpina. Just...
|AUGUST 21, 2019|
- Diesel electric ferry to be upgraded to battery hybrid
Godvik, Norway, headquartered Norwegian Electric Systems has signed a contract with Estonian shipbuilder Baltic Workboats to upgrade the diesel electric propulsion system onboard the ferry Töll to battery-hybrid. The ferry operator TS
- ExxonMobil confirms availability of Mobilgard 540 cylinder oil for use with 0.50% sulfur fuels
ExxonMobil says that its new 40BN cylinder oil, Mobilgard 540, will be available from September 2, 2019. The lubricant has been specifically formulated for use with 0.50% sulfur fuels that comply with
- C&C Marine and Repair blasts 100th barge at robotic blast and paint facility
Just nine months after opening its new robotic paint and blasting facility C&C Marine and Repair, Belle Chasse, La.,has announced the blasting of its 100th barge. "We knew we had the capability
- USACE awards $124 million Charleston dredging contract
The U.S. Army Corps of Engineers, Charleston District, has awarded the third dredging construction contract for the Charleston Harbor Post 45 Deepening Project. The approximately $124 million contract was awarded to Norfolk
- Hapag-Lloyd shares surge on back of battle for controlling stake
The share price of Hamburg-based container shipping giant Hapag-Lloyd has more than doubled since the beginning of the year. Today the company's shares were trading at EUR 52.5, up from EUR 22.5
- VIDEO: Meyer Werft floats out Norwegian Encore
Norwegian Cruise Line reports that that its latest ship, Norwegian Encore, successfully completed a major construction milestone, when it emerged for the first time from the Meyer Werft shipbuilding dock in Papenburg,
- 7,000 HP, Tier IV McAllister tug arrives in Charleston
McAllister Towing reports the arrival in Charleston. S.C., of the Capt. Jim McAllister the fourth in a series of four 100' x 40', 80 metric ton bollard pull tugboats. The tug is
- Marine Log launches Inland Marine News
Marine Log is excited to announce its new inland marine newsletter, focused on the United States inland river barge and towing sector. While Marine Log is dedicated to the entire global commercial
|AUGUST 21, 2019|
- Navios Acquisition curbs losses for second quarter
Higher earnings at Navios Acquisition were partly offset by a $4.4m increase in interest and financing cost, and a $3.5m increase in...
- Greece will not assist Iranian tanker, says minister
The US State Department maintains the tanker is assisting the Islamic Revolutionary Guard Corps by transporting oil to Syria
- UK's extra Brexit funding for ports gets lukewarm welcome
'Government investment in Brexit resilience is always welcome, but not leaving without a deal is a zero-cost choice that would...
- DSV expects boost from Panalpina's freight expertise
Danish forwarder expects to benefit from scale and complementary forwarding capabilities, such as LCL and air charter networks
- New sulphur cap guidance issued by shipping sector
IBIA, IACS, IPIECA and CIMAC among the eight associations publishing the latest implementation guidance
- PIL installs scrubbers on 60% of fleet
There is also a big question mark on the blended fuels, says Teo Siong Seng
- Zim swings to profit in second quarter
Zim carried its second-highest volume in the second quarter of the year, at 731,000 teu, compared with a record 772,000...
- Dry bulk edges towards rebalance
The brokerage's research team says that vessels taken offline for scrubber installations should reduce fleet growth by 1% on average...
- Odfjell sees signs of chemical tanker market recovery
Odfjell posts modest improvements in rates for the second quarter of the year with robust demand going forward
- Freed tanker leased to Iranian shipping company
The US has issued a warrant to seize the vessel, formerly known as Grace 1, claiming it has links to Iran's...
- Daily Briefing
Focus shifts to release of Stena Impero after Iranian tanker freed | Yard Talk: Life is unpredictable | Maritime cities...
- Adani set to acquire stake in Krishnapatnam port
The deal, if successful, will be APSEZ's third acquisition on the east coast of India following the purchase of Dhamra...
- Australia joins US-led Strait of Hormuz coalition
Destabilising behaviour is a threat to Australia's interests in the region, the Australian prime minister reiterates amid spate of attacks...
- Aramco unit to purchase first chemical plant in the US
The acquisition of the plant announced by Motiva adds to Aramco's recent buys in the petrochemical sector
- Venture Global sanctions 10m tonnes per year US LNG project
The LNG developer aims to bring Calcasieu Pass, the first of three projects it is pursuing along the US Gulf...
- China's Ouhua Shipbuilding sold for $135m
The assets disposed of include Ouhua's shipbuilding facilities on Xiaoqian Island in Zhoushan and eight vessels under construction
- US west coast ports see steady throughput despite Trump's tariffs
President Trump's tariffs have upset global markets and unnerved investors as the trade dispute between the world's two largest economies...
|AUGUST 21, 2019|
- Charleston, Savannah dredging projects advance
- New extra-loaders put downward pressure on trans-Pac rates
- Zim swings to profit on higher rates, 2M pact
- Maersk integrator strategy takes US shape
|AUGUST 21, 2019|
- NYK Line behind Samsung Heavy Industries' latest LNG order
Newbuilding backed by multi-year charter with French energy major
- First time lucky at auction for small chemical tanker
Product tanker snapped up at first auction attempt in Lion City
- CSL's European joint venture makes it a pair at Chengxi
Canada's CSL Group has revealed that its joint venture with German owner Hans-Jurgen Hartmann has exercised an option for a second newbuilding at Chengxi Shipyard. CSL chief executive Louis Martel disclosed the new business line during an interview with TradeWinds in Montreal as he discussed the virtues and limitations of being the world's largest owner and operator of self-'unloading bulkers. C
- Crisis? What crisis? Shipping sails smoothly on amid world turmoil
Markets today show greater resilience in the face of political and military shocks than in decades past
- Top Ships moves ahead with reverse split
Top Ships is enacting a 20-for-1 reverse stock split. New York judge kicks out shareholder lawsuit against Top Ships The New York-traded, Evangelos Pistiolis-led tanker owner announced the move Wednesday after shareholders approved the move at the company's annual meeting 7 Aguust. The reverse split will be effective at the start of trading Thursday. The company has 32 million outstanding share
- Norway and banks sue shipowner to recoup more than $250m
Registration companies for two OSVs stiffed the Norwegian government and banks for $267m
- Wallenius Wilhelmsen ends second quarter in the black
A weaker car market dragged down Wallenius Wilhelmsen's second quarter results,and might threaten its bottom line further. Despite much higher Ebitda, the Oslo-listed ro-ro operator Wednesday reported a $1m profit for the second quarter of 2019, 4% down on a year ago thanks to an 8% drop in cargo volumes from its ocean segment. Single structure model yields benefits for Wallenius Wilhelmsen The
- ExxonMobil steams forward with LNG newbuilding project
Energy major closing in on shipbuilders for the first of what could be a large raft of vessels
- Tankers stuck as Glencore and BP struggle to sell tainted crude
Six cargoes of contaminated Russian crude remain on tankers as buyers struggle to find an outlet
- Concord Maritime plants flag in UK
Ben Ognibene's new pooling operation in Connecticut expanding to London with hire of former Heidmar man.
- Stena boss meets with Iranian foreign minister over tanker seizure
Erik Hanell describes talks over Stena Impero release as 'constructive'
- NITC tanker under repair after suffering breakdown
Iranian VLCC currently undergoing repairs in the Red Sea
- Navios Acquisition unveils sale-and-leaseback deals for 10 ships
Angeliki Frangou-led tanker vehicle in refinancing drive while posting improved quarterly results
- German owners call for fighting West Africa piracy
Owners look to Somalia as a model for anti-piracy measures in Gulf of Guinea
- Skuld teams up with Concirrus on insurtech data venture
Norwegian marine insurer wants to push boundaries of digital big data technology in its underwriting and loss prevention
- Floating LNG storage hype continues but ships not 'idle'
Shipowners remain bullish on winter trading as tonnage availability slims
- Odfjell 'following bond market' while it rebuilds balance sheet
Meanwhile, owner will take delivery of the world's largest stainless steel chemical tanker on Monday
- Venture Global takes FID on Calcasieu Pass LNG
Another US liquefaction project presses the official 'go' button for a 2022 start-up
- NGM Energy sells second VLCC to Dubai-based operator
Recently formed Dubai-based shipmanager said to have taken over ownership of the Victory I
- Zim starts to turn things around with second-quarter profit
Glickman hails 'encouraging' return to profit for Israeli line
- Losses continue to shrink at Odfjell on improving market
Chemical tanker giant said spot rates on main trade lanes improved by 7% on first quarter
- Malaysia's Icon Offshore names new managing director
News of new boss comes just a day after announcement of cash call and debt restructuring
- Qatar Petroleum inks second major Asian supply deal
Five-year contract comes four months after ten year deal was signed with Thailand
- Freight tech start-up Voyager secures $1.5m in seed funding
Cloud-based data hub targeted at commodity shipping says funds will go towards expansion
- Owners rush VLCC deliveries to reap rewards of IMO 2020
Tanker slippage expected to be limited this year due to high percentage of vessels handed over in first half, says SSY.
|AUGUST 21, 2019|
- Port of Long Beach will study automation's impact on city
Concerns about the port automation has sparked studies by the Port of Long Beach and other California agencies.
- Oculus gets capital infusion to grow oilfield transport business
Canadian firm secured C$45 million loan from U.S. commercial financer Great Rock Capital to expand operations.
- Ocean Rate Report: Supertankers jump, boxes rates tumble
VLCC rates are up over 200% month-on-month. Trans-Pacific box shipping rates are down 11% since the beginning of August.
- Xcel Energy uses drones to inspect power lines in eight states
A new partnership between Xcel Energy and the Federal Aviation Administration (FAA) allows drones to inspect power lines out of human sight in eight states...
- Copilot by Pronto: driver-assist technology does just that! (with video)
FreightWaves chief analytics officer Dean Croke - who has also driven more than 2 million miles behind the wheel of heavy-duty trucks - previews Copilot...
- North American rail volumes slip over 2 percent
The continued slump in U.S. rail volumes is putting pressure on overall North American rail volumes.
- Trans Mountain resumes pipeline expansion
Long-delayed project to bring more of Western Canada's oil to market gets under way, slated for completion in 2022.
- Tomato tariff spat ends as Trump administration reaches deal with Mexico
The United States and Mexico have reached a deal to avoid a tomato anti-dumping investigation, ending a tense tariff dispute that had lingered for months....
- Greenbrier outlines railcar design improvements
The railcar manufacturer and lessor has been tinkering with its designs for railcars to expand their volume capacity while also making them lighter.
- Stormy Northeast, sizzling Southwest (forecast video)
Severe storm risk today in four markets handling combined 10 percent of U.S. outbound volumes.
- American Airlines settles $22.1 million fine for false mail delivery reports
The U.S. Justice Department said American Airlines has agreed to pay a $22.1 million civil penalty to resolve allegations that it falsely reported the times...
- President's retirement sets off leadership chain reaction at Cummins
The retirement of Mike Freeland as president and chief operating officer of engine maker Cummins Inc. led to a chain reaction that elevated four other...
- ZIM turns a profit in second quarter
ZIM, which has entered into space-sharing agreements with Maersk and MSC, says it plans to "double down" on efforts to grow with its partners.
- Filament announces adoption of MOBI Vehicle Identity Standard
Image: Jim Allen/FreightWaves Filament announced its adoption of the MOBI Vehicle Identity Standard within the Blocket Mobility Platform, which is a turn-key vehicle identity (VID)...
- Cathay Pacific sees 'significant impact' to revenue from Hong Kong unrest
Cathay Pacific expects "a much more significant impact" to revenue in August as recent unrest in Hong Kong will likely weigh on its financial results.
- Ford-owned Autonomic partners with EV maker
Autonomic, a transportation architecture and technology provider, announced a partnership with Ayro, Inc., a manufacturer of electric light-duty vehicles for commercial and consumer markets. Together...
- BIS advisory cautions tech firms in standards-setting bodies
The Commerce Department's Bureau of Industry and Security has provided a general advisory opinion warning U.S. exporters to use caution when sharing certain technology information...
- Today's Pickup: German politician wants to boost truck tolls for rail
Conservative Andreas Jung floats increased fees for trucks and investing the proceeds in railroads to fight climate change.
- Acquisition helps spur new business for I.D. Systems
Samuel Coraluzzo has deployed I.D. Systems' PowerFleet LV9000 asset-tracking solution into its entire fleet. The deployment gives the fleet a full ELD with a customized...
- Maersk is the newest entrant into the Indian trucking market
Maersk is partnering with Indian digital freight startup BlackBuck to enter the Indian containerized trucking market for export-import logistics.
- Daimler Trucks drills down on customer experience
The concept of customer experience has been around for decades but it is getting new emphasis in trucking as electric and autonomous technology arrives.
- Voting open for top companies for women
Women In Trucking will honor transportation firms at its Accelerate! Conference & Expo.
- Target's sales boosted by digital channel and enhanced fulfillment options
Target provides an optimistic shot in the arm as the mega-retailer reports a strong quarterly performance and raises its full-year outlook.
- How a global recession could impact ocean shipping
The next global recession would have a different impact on ocean shipping markets than the 2008-09 financial crisis.
- Diesel prices will spike due to IMO 2020: Fitch
Most forecasts have been conservative, but not this one.
- Port Report: West Coast imports get July boost, but 2019 trends lower
Import volumes see best month in 2019, but year-to-date still lower.
- Napier Port shares begin trading on the New Zealand Stock Exchange
Napier Port, located in Hawke's Bay on the North Island of New Zealand, has begun trading on the New Zealand Stock Exchange (NZH) at an...
- Pirates kidnap eight crew from multi-purpose ship
Eight crewmen have been kidnapped and are now being held captive by West African pirates after their ship was attacked in the dead of night.
|AUGUST 21, 2019|
- CME to list USGC marine fuel 0.5% futures on dollar per metric ton basis
CME Group plans to launch four new futures contracts for marine fuel 0.5% on the US Gulf Coast on a dollar per metric ton ($/mt) basis with effect from September 9, the exchange said in a note to its members Tuesday.
- Industry issues 0.5% marine fuel guidance ahead of IMO 2020
Shipping, refining, fuel supply and standards organizations have teamed up to issued guidance on the use of 0.5% bunker fuel in preparation for next year's International Maritime Organization sulfur cap regulation, saying the onus is on ships' crews to understand the characteristics of the various fuels on offer.
- ARA gasoil barge swaps pulled up on wider demand, IMO expectations
Amsterdam-Rotterdam-Antwerp 0.1% barge swaps have strengthened to multi-month highs on strength in the wider market, and expected heating and shipping demand in the fourth quarter.
- NYMEX WTI slides as US crude draw disappoints market
Oil futures settled mixed Wednesday amid a smaller-than-expected US crude stocks draw and rising Middle East tensions.
- 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.