|NOVEMBER 22, 2019|
- Zim shows net profit of US$5m despite 'challenging market conditions' in Q3
- OOCL celebrates 50th birthday with HK community
- Catapult takes on Maersk Spot to boost its QMS 5.0 rate management platform
- UK navy's latest and most expensive aircraft carrier calls at Portsmouth
- India's Adani Ports handle milestone 109m tonnes of cargo in H1
- PSA's Kolkata box terminal has record-breaking month in October
- Sri Lanka aims to be global maritime and logistics hub
- Emirates orders 50 Airbus aircraft for US$16 billion at Dubai Airshow
- South Africa Airways resumes service after strike action
- Etihad Cargo expands online cargo booking services with new link to cargo.one
|NOVEMBER 21, 2019|
- Cabinet approves proposal for enactment of Recycling of Ships Bill, 2019 & accession to Hong Kong International Convention for Safe & Environmentally Sound Recycling of Ships, 2009
- Cabinet approves strategic disinvestment of SCI, CONCOR
- Centre gives nod for 1.2 lakh tonnes of onions to be imported
- Govt considering proposal to provide forex loans at cheaper interest rates to exporters, says Piyush Goyal
- Incorrect Data in certain lECs - Corrective action required from exporters
- Development & capacity augmentation at Major Ports an ongoing process: Mandaviya
- Minister visits Kamarajar Port to inaugurate new projects & review performance
- India's logistics space seen outperforming global benchmarks
- Railways in continuous efforts to increase freight business
- DGTR simplifies process to protect domestic industry from unfair trade practices
- Steel Scrap Recycling Policy notified: Minister
- Bold action needed to revitalise world economy, says outlook
- US, China to drive global debt beyond $255-trillion by year-end, says IIF
|NOVEMBER 22, 2019|
- Defensive record
- More trains to connect south and south-east Europe
- Kuehne + Nagel acquires Rotra
- ZIM also improves its results in 2019
- Softly, softly: Swiss rail carrier opts for quiet brakes
- New structures in Poland
- NCA to suspend RTW service
- Robert Gutsche joins the Röhlig Group as new CFO
- Tesisquare forms partnership with Tokema Consulting
- Australia's trucking industry rejects tax increase
- APM Terminals in Barcelona enhance safety measures
- More capacity and new cargo platform
- "Curiosity of the Day"
- Ceva Logistics in the UK signs the Armed Forces covenant
- Narrow Aisle hires business development manager
- UK: Railfreight operator and road haulier honoured
- Ghana to re-launch national airline
- More equipment for more goods in Antwerp
|NOVEMBER 21, 2019|
- EC set to extend liner shipping consortia exemption for four years
- Private equity house lines up takeover bid for Clipper Logistics
- River Elbe project gives port of Hamburg a boost as major services return
- Revitalised Tiaca introduces new focus on training and youth
- 3PLs needn't fear etailers doing logistics, but to prosper, they must add value
- Automatic trucks may be the solution to Japan's growing driver shortage
- How the home delivery habit reshaped our world
- Robert Gutsche to take over as CFO at Röhlig Logistics
- M&A radar: Come on Steve, bid up for Clipper with the premium it deserves
- On the wires: ZIM - For me, this is a financial transition to nowhere
- On the wires: Hapag-Lloyd - the green star with a share price that means nothing unless...
- Supply chain radar: Does Knudsen mean 'de-aussiefication' for JP's Toll Group?
|NOVEMBER 21, 2019|
- Delta pilots order sixth high-speed launch from Gladding-Hearn
Delta Launch Services, the operating company for the Associated Branch pilots on the Southwest Pass of the Mississippi, has ordered a new pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation. This is the
- Brian Powell joins American Queen Steamboat and Victory Cruise Line as CMO
New Albany, Ind., based American Queen Steamboat Company (AQSC), a leader in U.S. river cruising, has appointed Brian P. Powell as Chief Marketing Officer of AQSC and sister company Victory Cruise Lines.
- Master Marine wins towboat contract
Houston-headquartered Marine Chartering Associates, LLC has signed a contract with the Master Marine, Inc. shipyard in Bayou La Batre, Ala., to build a Sub. M compliant 67' x 28' 1,600 HP towboat
- Golden Energy Offshore and Kongsberg collaboration cuts operational fuel consumption
Norwegian offshore service vessel (OSV) owner and operator Golden Energy Offshore reports that its long-term collaboration on vessel performance monitoring with Kongsberg Maritime and deployment of Kongsberg's containerized SAVe Energy battery system
- VIDEO: Ferry operator says Volvo Penta engines deliver big fuel savings
"We estimate we have saved nearly 3,500 gallons of fuel per year with Volvo Penta engines," says Deon Glover, chief operating officer of Norfolk by Boat, which operates three aluminum ferries on
- IRPT to Congress: We matter too
Aimee Andres, Executive Director of non-profit trade association Inland Rivers Ports & Terminals, Inc. (IRPT) has penned a letter to Congress that says that the U.S. "freight transportation backbone, its ability to
- Malaysian scrubber discharge ban "not likely science-based" says CSA 2020
Members of the Clean Shipping Alliance 2020 are disappointed by Malaysia's decision to prohibit the use of open-loop exhaust gas cleaning systems, or scrubbers, in its coastal waters. As we reported earlier,
- Damen launches all-electric ferry for Ontario
Damen's Galati shipyard in Romania has launched the Amherst Islander II, the first of two Road Ferry E3 design vessels under construction for the Ministry of Transportation Ontario, Canada. The E3 ferries
|NOVEMBER 21, 2019|
- Plan to extend Europe's block exemption rule draws mixed reaction
Maersk and WSC praise the move by the commission, but shipper interests decry the plan and the process leading to...
- Lloyd's List SAMEA Awards celebrates maritime excellence across the board
Abu Dhabi Ports Co, Allcargo Logistics, AISSOT, law firm HFW, CMA CGM and the stakeholders driving the Poseidon principles and...
- Prominent lawyer Rita Jansen gets top honour at Lloyd's List SAMEA awards
Rita Jansen, who arrived in Dubai in 1992 and is now a partner at InceGD, has won the Lloyd's List...
- Fredriksen's Seadrill decision signals billionaire's exit strategy preparations in play
This year Mr Fredriksen has been selling off stakes, reducing his workload and reorganising his remaining holdings to leave a self-sustaining...
- Methanol-fuelled MR tankers ordered at Guangzhou shipyard
Class society DNV GL says there are 11 vessels either operating or on order that will run on methanol
- IMO 2020 may see $15bn losses for JCC-linked LNG contracts
Liquefied natural gas buyers committed to offtake arrangements based on Japan crude cocktail-linked prices would benefit at the expense of...
- The Interview: Ricaurte Vásquez
Every one-foot reduction in draft is equivalent to about 350 loaded containers. That means boxships sailing from Asia to the...
- BP Shipping cuts tanker leasing costs in bareboat deal with Maersk Tankers
BP Shipping signed a 10-year leaseback deal for eight product and three suezmax tankers with the ICBC Financial Leasing in 2015
- The Interview: Ricaurte Vásquez
Water, water everywhere, and still not enough as the new administrator of the Panama Canal seeks ways to end draft...
- Golden Ocean chief executive Vartdal steps down
The company posted a net profit in the third quarter of the year of $36.7m, its best quarterly result since...
- BW LPG remains bullish after posting record profit
BW LPG remains optimistic regarding its business prospects, citing improved freight rates for the rest of the year and into...
- Viewpoint: Water everywhere
All around the developed world there are people who would rather see the ports silt up rather than have their...
- Choice of digitalisation routes open to shipping
Increasing digitalisation means that lines and terminal operators, as well as others in the supply chain, will have to start...
- Daily Briefing
Free to read: Ports should focus on value over throughput | Competition fears delay moves to prevent cargo misdeclarations |...
- Fredriksen hands over reins as Seadrill posts deeper losses
New York and Oslo-listed drilling contractor saw its net losses for the third quarter of the year widen to $521m...
- Shipping should shape its own path to decarbonisation
The industry must show more progress on its path to decarbonisation to avoid being included in the EU Emissions Trading...
- Market is ripe for small-scale LNG uptick, says AG&P
AG&P and Kanfer Shipping have teamed up to deliver cost-effective solutions backing up the economics of small-scale liquefied natural gas...
- Port Tampa Bay builds a growth strategy around demographics
The achievements can be credited to the foresight of Paul Anderson, the port's president and chief executive, and Raul Alfonso...
- India ratifies Hong Kong Convention on ship recycling
The India government has decided to enact a bill - the Recycling of Ships Bill 2019 - to regulate ship...
- Winter slack season subdues box charter market
Although brokers are reporting little action in the market, charter rates remain stable across most ship sizes with only marginal...
- Star Bulk unveils 'transparent' dividend policy
Star Bulk has installed scrubber towers on 88 ships out of its fleet of 116 vessels, of which 50 have...
|NOVEMBER 21, 2019|
- Carriers show caution in slow-growth eastbound trans-Pacific
- Deal gives CP access to eastern deep water seaport
- CN strike threatens international cargo moves
- East, Gulf coast ports gain amid China trade war
- New Zeamarine Asia-Pacific chief looks to put stamp on market
- Truck rates jump in aftermath of Bangladesh strike
- US ports adding space amid increased wind project volumes
|NOVEMBER 21, 2019|
- Star Bulk 'committed' to new dividend policy
Star Bulk Carriers is steadfast in returning long-term value to shareholders by declaring a dividend each and every quarter. The New York-listed owner of 118 bulk carriers Wednesday night announced a threshold-driven quarterly dividend policy that began with a $0.05 bonus for the third quarter. Star Bulk says it needs at least $1m in cash per ship to pay investors, but it's confident it can deli
- KNOT posts profit, talks up shuttle tankers moving forward
Three new charters and developments in Brazil have KNOT Offshore confident about the coming months. The NYK-Knutsen shuttle tanker joint venutre said in its third quarter earnings release that the 162,300-dwt Windsor Knutsen (built 2007) was extended until October 2020 by Shell, the 157,600-dwt Bodil Knutsen (built 2011) until May 2021 by Equinor and the 123,000-dwt Torill Knutsen (built 2013) by
- StealthGas covers half of 2020 with new charters, extensions
StealthGas is ready for 2020. Alongside its third quarter earnings release Thursday, the Harry Vafias-led LPG carrier owner disclosed 13 charters and charter extensions, securing revenues of $138m and covering 88% of fourth quarter voyage days and 53% of 2020 voyage days. The New York-listed company said the extensions came with higher rates. VLGC rates touch four-year high as US exports boost
- VLCCs breach the $90,000-a-day mark amid broad tanker bullishness
Crude and product tanker markets are regaining momentum with seasonal demand and IMO 2020
- Seaspan buys power solutions outfit in 'transformative' $750m takeover of Fairfax unit
Newly formed Atlas will become parent of containership company and APR Energy
- Star Bulk dividend policy is 'a game-changer'
Shares gain 7% Thursday morning after New York-listed company Wednesday night airs plan to give quarterly payout if certain cash-balance thresholds are met
- Two crew missing after cargoship capsizes
Chinese authorities says seven seafarers rescued from Taiwanese vessel
- Navy sailors and families sue NYK Line over USS Fitzgerald crash
Two lawsuits seek $265m and lay the blame for the collision at NYK Line's feet
- Shell to provide LNG for Teekay's new shuttle tankers
Deal covers gas bunkers for shipowner's European vessels
- SFL profit takes hit from Heung-A move but meets expectations
Stable revenue helps diversified shipowner's adjusted Ebitda to come in within analysts' forecasts
- Diamond S down on large-block sale by First Reserve
US energy investor selling half its stake through Pareto while WL Ross also trims holding in Craig Stevenson-led company.
- Indian cabinet approves Hong Kong Convention ratification
Leading ship recycling nation takes 'giant step' towards safe recycling of ships
- SSY hires James Whistler to move into energy derivatives
Shipbroker poaches BGC Partners man as it eyes expansion into LNG in particular
- Hoegh LNG returns to profitability but derivative losses hit its MLP
The FSRU giant presents an optimistic market view with global LNG trade expected to grow
- DIF and Geogas buy into five LNG newbuildings for French charters
Access Capital also involved in deal with NYK to fix vessels to European energy companies
- Wilson makes foray into 5,000-dwt bulker segment
Small-sized bulker specialist also sells a 1975-built unit for more than book value
- Government approves $184m sale of Shipping Corp of India
Cabinet committee clears the way for disposal as part of country's big new privatisation drive.
- Maersk Tankers adds 11 ships in deal with BP and ICBC
Danish owner to manage fleet on bareboat basis, with UK oil major as the time charterer
- EGD Shipholding sells oldest MR tanker to Chinese buyer
Bergen-based EGD Shipholding is in the process of selling its oldest tanker. Brokers said the 48,000-dwt Susanne Victory (built 2000) was committed to a Chinese buyer for $8.5m. EGD Shipholding chief executive Magne Ovreaas declined to comment on reports that the Sanoyas Shipbuilding-constructed ship has been sold. The reported price appears high relative to market estimates, with Maritime Stra
- Markets may spike but political uncertainty is killing shipping
Anxieties over Beijing and Brexit Britain may be spurring rates but they are sapping shipping's long-term prospects
- Pantheon Tankers linked to last Brightoil Petroleum auction
Major Greek shipowner believed to have snapped up the 319,800-dwt Brightoil Gem
- Pro-scrubber group CSA sees abundance of HSFO in 2020
Clean Shipping Alliance 2020 (CSA 2020) executive director Ian Adams believes high-sulphur fuel oil will remain in plentiful supply for as long as older refineries in Europe continue to operate. That is because it will be uneconomical to upgrade these refineries to be able to break down the residual fuels with 3.5% sulphur content, even as the IMO 2020 regulation is set to ban the fuel on ships s
- Scrubber proponents see focus moving from SOx to CO2
After 10 years of their use, DFDS believes scrubbers clean the air better than compliant fuels and do not cause significant sea pollution. But greenhouse gases are now its focus
- BW LPG pays extra dividend after logging record profit
Singapore VLGC player rewarding investors after banking $117m in strong markets
- Golden Ocean reveals 10 charters and $284m refinancing
Norwegian bulker owner has been busy since its last quarterly report
- Golden Ocean CEO Vartdal quits as chairman steps in
John Fredriksen-backed company says it is hunting a new boss
- ADS Crude backers provide $7.5m loan after scrubber retrofits
Norwegian VLCC owner sees loss grow following yard stays
- John Fredriksen to stand down as Seadrill chairman
Shipping industry icon said will spend "less time on board seats" but close involvement will remain
- Sanctions-busting activities led to Kunlun Shipping's downfall
China's Kunlun Shipping and its Hong Kong affiliate Kunlun Holdings looked set for a promising future when first formed in 2013 with the purchase of a VLGC. Believed to be backed by an oil trader, the outfit began to steadily grow its fleet with secondhand VLGCs and VLCCs. A spurt of buying activity, which began in November 2018 and lasted until the early part of this year, saw Kunlun linked to
- Eastern Pacific Shipping to splash $272m on dual-fuelled suezmax newbuildings in China
Singapore-based owner is breaking with tradition as spot player in the segment
- Sanctioned Kunlun Shipping's VLCC and VLGC fleet disperses
Sanctions-busting Chinese owner sheds ships in deals that are raising eyebrows
- PSA Marine latest to tap into Taiwan wind farm sector
Singapore tug operator leverages on European crew transfer experience to expand into Asia
- Tanker rate spike a mixed blessing for South Sudan exports
Tonne miles down as China took less crude last month as cargoes headed to markets closer to home
- Star Bulk posts first dividend in seven years
New York-listed owner said it plans to give such a perk every quarter
- Kunlun legal woes plague new owner of collision-related VLGC
Cepheus Ltd, the new owner of a former Kunlun Holdings VLGC, has become embroiled in a legal dispute arising from a collision that took place in the Middle East in April. The 78,500-cbm LPG carrier Echo Star (built 2000), which Liberian-registered single-ship entity Cepheus took ownership of in August, was arrested in Singapore last week at the request of Blue Fleet Group. Nord/LB seizes Kunlun
|NOVEMBER 21, 2019|
- Plastic resin exports drive growth for container-on-barge service
SCF Marine Inc.'s SEACOR America's Marine Highway (AMH) unit has seen its business grow rapidly with the boom in U.S. plastic exports.
- CN strike rattles Canada's supply chain
Feared heating fuel shortages in Quebec, "brutal" freight conditions in Toronto and layoffs at a Halifax auto-shipper add to cascading impact as talks between Canadian...
- Regulators waver on autonomous vehicle crash safety oversight
U.S. senator also wants Tesla autopilot feature improved or shut down.
- The Bumble Bee shipping buzz: A move to quarterly procurement bids
Moving to a fixed quarterly RFP program with brokers has added consistency, accuracy and reliability to Bumble Bee's relationship with intermediaries
- Hurricane season still alive and kicking
"Sebastien is now forecast to become a hurricane. In the satellite era...[only] 7 Atlantic hurricanes have formed after November 20."
- Freight All Kinds: US Capitol Christmas Tree graces Chattanooga, Tennessee
On its way to Washington, "The People's Tree" made a stop in the Scenic City.
- Why are Capesize dry bulk shipping rates still sliding?
Unsurprisingly, listed bulker owners insist fourth-quarter Capesize rate pressure will pass.
- Carriers grasping for straws while losing ground
No good news for carriers besides a slight surge in volumes leading into the late Thanksgiving holiday.
- South Korea agrees to extra serving of US rice
The agreement, which takes effect Jan. 1, will guarantee the import of 132,304 metric tons of U.S.-grown rice, valued at $110 million.
- FreightWaves launches streaming app for live and on-demand content
Stream your favorite FreightWaves content from your phone, tablet, or TV. Download the app today.
- There for the 'overflow': TTN Fleet Solutions CFO on the benefits of outsourcing roadside assistance
TTN is there for the 'overflow' of truck-related accidents and breakdowns that trigger headaches for many fleets.
- Only a few diehards continue to run AOBRDs
A few holdouts have yet to make the transition from AOBRDs to ELDs.
- Freight Futures daily curve: 11/21
Trucking Freight Futures turn bearish on Wednesday as South and West lanes slip.
- Trucks carried 70% of all U.S.-Mexico freight in September, up $400 million, according to data
Trucks again carried the majority of cross-border imports and exports during the month of September, according to the U.S. Department of Transportation's Bureau of Transportation...
- Kansas City Southern deploys CloudMoyo artificial intelligence platform
The railroad has completed the rollout of a cloud-based operational system.
- BiTA announces involvement in 2 blockchain proof-of-concept projects
The Blockchain in Transport Alliance announced it will participate in two blockchain proof-of-concept projects in the coming months. The organization's working groups also provided updates...
- Mountain West getting hammered by more snowfall (forecast video)
Another foot of snow to pile up today in parts of Rockies, Great Basin. More travel trouble for truckers.
- Today's Pickup: Canada's largest cannabis market opening up to private distribution
Private sector will be allowed to move and store cannabis headed to retail stores in Ontario, easing the provincial government's unpopular distribution monopoly.
- Americold rakes in a few more facilities
Americold Realty Trust continues to grow its temperature-controlled storage footprint through acquisition. The company looked north of the border for its latest deal.
- Feds begin approving some export licenses for Huawei
U.S. export compliance advisers recommend exporters be realistic in their expectations with regard to the department's license approval process for the blacklisted Chinese telecom.
- What to know about the IMO's new emissions standards
Kayla Matthews writes about the changes coming to the shipping and logistics industry as IMO 2020 takes effect in less than six weeks.
- TruckPark mission eases driver parking uncertainty
Every day, more than 40% of all truck drivers on the road use an hour or more of productive driving time to search for a...
- Canadian Pacific acquiring Central Maine & Quebec
In two unrelated announcements on Nov. 20, CP lays out plans to deepen network capacity.
- NCBFAA appoints new Washington representative
The National Customs Brokers and Forwarders Association of America picks Whitmer & Worrall after longtime Capitol Hill representative Jon Kent announced his retirement in September.
- FreightWavesTV presents: Inside the Box, Echo Global Logistics
Inside the Box celebrates the culture of badass logistics companies and the cities in which they thrive. On this episode FreightWavesTV visits Echo Global Logistics...
- The camera sees all: Phone usage, smoking in cab now trigger driver alerts
Eyesight Technologies has taken driver-distraction monitoring to a new level with the ability to trigger driver and fleet alerts when cellphone usage or in-cab smoking...
- Smart Trailer Data: An Untapped Resource
This white paper shares how companies can work to take full advantage of everything that smart trailers offer.
- Kuehne + Nagel acquires overland logistics operations of Dutch-based Rotra
Freight forwarder Kuehne + Nagel is acquiring Rotra, a company with roughly 800 employees and an annual revenue of over €100 million.
- Ohio logistics firm on the hook for $300,000 in lobster heist
Judge finds Ohio logistics firm on the hook for $300,000 in lobster heist.
- Auto parts maker Continental slashing 5,000 jobs citing transition to electric mobility
Continental AG is looking to rapidly restructure its workforce and phase out production plants to catch up with new-age mobility options like electric and connected...
|NOVEMBER 21, 2019|
- External: Global Risk Management
- MOL Group to build Japan's first LNG-fueled ferries
MOL plans to order the vessels from Mitsubishi Shipbuilding Co., Ltd. in December, it said.
- Fujairah bunker fuel stocks hit record ahead of IMO 2020
Heavy distillates and residues rose 10% to 15.425 million barrels as of Monday, the most since data began to be compiled in January 2017.
- UK refiners seek tariff-free access to oil products under Brexit scenario
Under a no-deal Brexit UK fuel import tariffs will be set at 0%, while fuel export tariffs would rise to between 3.5%-6.5% for exports of gasoline, gasoil, fuel oils, lubricants, FAME.
- Proman, Stena Bulk appoint China's GSI to build 2 methanol tankers
The two "IMOIIMeMAX" vessels will be 50/50 owned and put on long-term charter to Proman Shipping after delivery.
- Debunkering to rise, traders to play vital role, as IMO 2020 nears: Sing Fuels MD
"It will be a bumpy ride in the next six months but I am sure that things will stabilize thereafter," Thomsen said.