|NOVEMBER 26, 2019|
- Port of Hamburg cargo tops all on Northern Range, says port authority
- MSC levies US$200 bonded transfer fee on entering US December 15
- China sets up new US$21 billion fund to boost manufacturing industry
- Off-dock box yard blocked by union-LA Port collusion, lawsuit claims
- Scrubber lobby CSA 2020: Malaysian ban on open loops is senseless
- RightShip urges prompt action to prevent fatalities on board ships
- Hyundai Heavy simplifies big ship power train, wins DNV GL approval
- US Commerce clears backlog by approving Huawei licensing deals
- China defies world CO2 reduction goals with big increases in coal use
- APMT Barcelona uses wireless communication to boost crane safety
- Zhengzhou Airport crafts aerotropolis strategy as economic zone
- American Airlines Cargo flies brown bears from Buenos Aires to Dallas
- High hopes of Indonesia's Kertajati airport becoming big air cargo hub
|NOVEMBER 25, 2019|
- A.P. Moller-Maersk announces changes in Executive Board
- CMA CGM to reorganise SIRIUS service connecting Mediterranean with East Coast of South America
- Dangerous Goods Stowage Guidance Published
- FSL Trust announces disposal of 2 product tankers
- Joint project to develop cyber risk managementsystem gets Norwegian govt fund support
- LogYcode celebrates first year of successful operations this festive season
- Milaha awarded prestigious health & safety & environmental management awards
- NYK starts verification of advanced condition-based maintenance for autonomous ships
- SCFI spot rates down
- Vietnam's maritime sector seeing all-round growth
- Yang Ming launching more convenient & comprehensive services in South-East Asia
- Steel import monitoring system in place
- APM Terminals Barcelona unveils 5G crane communication systems
- Egypt revises detention import free time for standard containers
- Ice restrictions & precautions at Russian port for winter 2019-20
- JSW Infrastructure commissions India's most modern iron ore terminal at Paradip Port
- Cabinet approves amendments & modifications in Toll-Operate-Transfer model
- Highway projects worth INR 15 lakh cr. in the offing: Minister
- Rail connectivity projects between India & Bangladesh/Nepal seen boosting trade
- B2B fake invoices a challenge to increasing GST collection, says Minister
- World in the midst of a debt crisis, conference told
|NOVEMBER 26, 2019|
- Turkish Cargo broadens "pharma corridor"
- Milestone for eco-friendly beer deliveries
- Cargosoft launches freight handling platform
- Singapore cargo community seeks "fresh" certificate
- Element International opens two new offices
- Intermodal terminal in Iowa creates new hub in Midwest USA
- Floating terminal in Australia completed
- Huge facility at Doncaster Sheffield Airport
- Wings for Aid wins Tiaca sustainability award
- Formula-E cars flying from Europe to Riyadh
- First dual mode locomotives for Germany
- DFDS goes up despite Brexit downturn
- Fiata appoints new director general
- "Curiosity of the Day"
- Legal immigrants from Latin America to the USA
- New refrigerated warehouse in the Port of Dunkirk
- BNSF named 'short line of the year'
- PSA Marine and Wärtsilä agree on technology partnership
|NOVEMBER 25, 2019|
- Wincanton ends its interest in Eddie Stobart takeover
- Cash-strapped CMA CGM to sell terminals and ships despite Q3 profit
- Malaysian aviation downgrade crimps US-SE Asia capacity growth prospects
- Uber adds to its forces in grocery delivery battle and expands freight portal into Canada
- CINS publishes first guidelines to help reduce containership fire risk
- Rescuers race to save 14,000 sheep on capsized cargo ship
- Fiata's new director general will be Dr Stéphane Graber
- Alibaba's Hong Kong share sale brings it a $43bn dilemma
- Maersk CFO Carolina Dybeck Happe in shock departure for General Electric
|NOVEMBER 25, 2019|
- Pirates snatch seven crew members from Swire Pacific AHTS
Swire Pacific Offshore (SPO) yesterday confirmed that its 2002-built, Singapore flagged AHTS Pacific Warden, was attacked offshore Equatorial Guinea on November 20, 2019 at approximately 05:00 local time. The vessel was supporting
- Rolls-Royce inks 10-year, 17-tug service deal with Svitzer
Rolls-Royce has signed a 10-year service agreement with global towage and marine services operator Svitzer A/S. Called a Global Frame Value Care Agreement (VCA) it covers spare parts deliveries in six countries
- December Seaway stoppages would cost economy $193 million a week
The Chamber of Marine Commerce warns that closing the St. Lawrence Seaway in December to accommodate higher water outflow at the Moses-Saunders dam would cost the Canadian and U.S. economies US$193 million
- Anglo-Eastern to digitalize fleet operations
Hong Kong based ship manager Anglo-Eastern has partnered with Wärtsilä to digitalize its fleet operations. The technology solution, which will be rolled out to the Anglo-Eastern's global fleet of more than 600
- Ecochlor brings NanoVapor VOC gas-freeing to the maritime industry
Maynard, Mass., headquartered Ecochlor has reached an agreement to represent Woodlands, Texas, headquartered NanoVapor, Inc., in the maritime industry. The NanoVapor technology is designed to improve crew safety while significantly reducing time
- Metal Shark marks ferry construction milestone
Jeanerette, La., headquartered shipbuilder Metal Shark has delivered its thirtieth passenger vessel since June of 2017. Its latest ferry delivery, a 97-foot, 350-passenger, USCG Subchapter "K," welded-aluminum, high-speed, low-wake catamaran, was handed
|NOVEMBER 25, 2019|
- Global tanker tonne-mile demand falls on US energy independence
Crude tanker tonne-mile demand reveals rising exports from the US Gulf are failing to compensate for US refiners importing less...
- CMA CGM eyeing shortsea expansion, says finance chief
CMA CGM has made several eye-catching acquisitions in the shortsea field in recent years, including Containerships and Mercosul Line
- Maritime UK calls for Brexit resolution to allow focus to move on
'We hope that the result of this UK general election provides stability and a clear way forward for the country...
- France plans European naval mission for Strait of Hormuz
About 10 European and non-European countries could join the new naval mission
- Maersk finance chief quits to join General Electric
Carolina Dybeck Happe has accepted a new opportunity outside the firm, Maersk said
- Greek master dies in ore carrier fire
Dry bulk operator Maran Dry Management declined to identify the 40-year-old master, but said his family had been notified and...
- Flex LNG unveils 10-year charter deal for newbuild
The 173,400 cu m LNG carrier, to be named Flex Artemis, is being built at South Korea's Daewoo Shipbuilding &...
- Anglo-Eastern will roll out digital solution for fleet
The digital solution integrates previously disparate processes to optimise planning, weather routing, fuel consumption and speed of a vessel
- CMA CGM to raise $2bn in asset sales
The carrier giant plans to sell stakes in 10 port terminals attached to its joint venture with China Merchants Port...
- Daily Briefing
Free to read: International Group told to slim down | Podcast: The view from Hong Kong and Dubai | IMO...
- Wideshine linked to $377m VLGC lease with CSSC Shipping
Sinogas Management, the designated manager of the very large gas carrier newbuildings, is part of Guangzhou-based Wideshine Enterprise, according to...
- Second wave of US LNG projects receive regulatory approvals
Project owners still face the challenge of securing offtake during a time of slowing demand in Asia even after receiving...
- Diversified portfolio keeps tariffs at bay in Florida's Port of Jacksonville
Jaxport, already Florida's number one port, is bound to see even greater numbers as development continues
- Livestock carrier capsizes in Romania with more than 14,000 sheep on board
According to Lloyd's List Intelligence, Queen Hind, which is listed as a vehicle carrier, listed heavily to starboard and water...
- Port of Jacksonville starts construction of new container terminal
The improvements at Jacksonville come as the port's throughput numbers continue to climb. In October, the port said it moved...
- Crew abducted from vessel off Equatorial Guinea
Seven crew were abducted by assailants while the anchor handler was carrying out offshore field operations
- Bumi Armada third quarter utilisation rate rises to 58% amid fleet optimisation
Meanwhile, compatriot offshore player Dayang saw vessel utilisation at its OSV unit Perdana Petroleum hit 91% up from 79% in...
- SocGen loses regional trade finance heads for Asia
Société Générale told Reuters that Damien de Rosny and Timothy Siow had left the bank, without providing further details
|NOVEMBER 25, 2019|
- Port of Halifax will handle two mega vessels at once by March
- Maersk CFO exit leaves two top roles to fill
- CN intermodal generally fluid as strike hits one week
- CMA CGM to offload ships, terminals to ease rising debt
- US truckers rush to get ahead of last ELD deadline
- Indian freight stakeholders press for cost transparency
|NOVEMBER 25, 2019|
- Cruise ship runs aground off Thailand's Phi Phi Island
Vessel is part of move by French owner to expand into expedition cruise sector
- Global Ship Lease buys two post-panamaxes on longterm fixes
Boxship player Global Ship Lease (GSL) plans to further expand its fleet with two vessels fixed on charters for at least the next four years. Ian Webber-led GSL plans to buy two 2004-built, 6,080-teu post-panamaxes from Black Pearl Containers for $24.5m total. The seller is controlled by former shareholders of Poseidon Containers, which GSL acquired in November 2018. The ships come with charter
- Nordic American Tankers sees strongest market in decades
Nordic America Tankers has seen spot rates more than double so far in the fourth quarter. The Herbjorn Hansson-led shipowner reported Monday that its spot fleet of 21 suezmax tankers were earning an average of $34,000 per day with roughly 70% of trading days booked. The same ships earned just $15,900 per day in the third quarter. "We currently have the strongest tanker market that we have seen
- Navios Holdings deepens loss amid Navios Containers listing
Navios Maritime Holdings widened its third-quarter loss amid losing control of Navios Maritime Containers, which debuted on US markets in December 2018. The Angeliki Frangou-led boxship owner reported $39.1m in net loss attributable to common shareholders versus a $1.82m attributable net deficit during the same period in 2018. The 2019 loss included a $61.7m hit as a result of losing control of
- Teekay Tankers shares up and down after reverse split
Teekay Tankers shares went on a roller coaster Monday after the company enacted an eight-for-one reverse split. The New York-listed afaramax specialist completed the previously announced split before the open. During the trading day, shares went as high as $21.01, a jump of $1.09 from its Friday evening close, but finished the day $19.65, down $0.27 or 1.38%. Shipping guru Martin Stopford warns
- GasLog chief executive Paul Wogan shifts base to Greece
Company head has already relocated and is now working out of the owner's Piraeus office
- Euroseas wants to grow fleet amid narrowing losses
Euroseas expects to keep adding boxships to its fleet while the sector's vessel supply growth remains timid. The Aristides Pittas-led boxship owner has already expanded its fleet by 70% since August. The Greek company first added four used feeders to its boxship collection and then took delivery of four intermediates last week, bringing its vessel count to 19. BlackRock's Euroseas stake falls am
- Carolina Dybeck Happe leaves AP Moller-Maersk
Danish boxship giant reeling from the departure of second senior board member
- NYK Line and Pertamina in talks over LNG joint venture
Japanese shipping conglomerate and Pertamina's shipping unit sign a MOU over energy shipping
- PL Ferrari urges action as P&I claims to rise further in 2020
Insurance broker says clubs need to start charging more as premiums have fallen $370m since 2016/17 policy year
- Maran Tankers sells oldest VLCC for further trading
Greek shipowner's 20 year old ship believed to have fetched $18m
- CMA CGM plans $2bn in asset sales to finance Ceva acquisition
Sale and leaseback of vessels and terminal sales to help improve French liner operator's balance sheet
- Benetech ups LR1 stakes with Gulf Energy Management ship
Michael family-controlled venture buys its third large product tanker in three years
- Global trade flows reveal lasting impact of US-China stand-off
If trade talks were really progressing, US exports to China would be ticking up, not down
- Author offers tall tale of a panamax named Max
People in the shipping business often get all sorts of questions from their children about what they do. Such questions from his youngsters, Lucas, Alex and Gregory, inspired journalist Thrasy Petropoulos to write his first children's story. Still bitter about those sweets: 20 Questions with Concirrus' Nick Roscoe Can you really turn your ship into a convertible? Max Panamax and the Western Ke
- Livestock carrier sector under scrutiny after ship goes down with 14,000 sheep
Crew safe after Queen Hind capsizes off Romania
- Inmarsat, Standard Chartered drop Prince Andrew sponsorship
Satellite communications group and lender confirm end of support for embattled UK royal
- Crew rescued after small containership sinks off Indonesia
Mitra Sejahtera XI went down on Saturday morning
- Shipbuilding struggles as uncertainties swamp markets
Shrinking global orderbook leaves black hole for yards to fill for 2021, but brighter prospects beckon
- Gunvor fixes Fredriksen LNG newbuilding for up to 10 years
Flex LNG says contract with commodities giant includes a firm five year charter period
- Hojgaard takes the helm at Hong Kong Shipowners Association
Chief executive of Anglo-Eastern becomes only the second non-shipowner to hold post of chairman
- Samsung to pay $75m fine over Brazil drillship bribery scandal
South Korean yard group said to have offered Petrobras officials money to award charter to newbuilding client
- Crew snatched from Swire anchor handler off Equatorial Guinea
Singapore-based owner confirms seven crew missing, while remaining eight are safe
|NOVEMBER 25, 2019|
- Costs blowout swings CJ Century Logistics into third consecutive loss
Despite solid revenues, costs at CJ Century Logistics surged and the company has reported a third consecutive quarterly loss.
- Taurus sells US logistics real estate portfolio for $614 million
Taurus Investment Holdings sells its US logistics warehouse portfolio to Investcorp
- Apple dinged $466,912 for US sanctions violations
For two years the software company's sanctions screening failed to detect a Slovenian app store developer and its owner who were placed on the Specially...
- 'Every option' on table to end CN strike, Canadian minister says
Federal Minister of Agriculture suggests government would consider back-to-work legislation or binding arbitration for striking Teamsters members as disruption brings 37% in drop in Canadian...
- Another autonomous trucking startup pushes back against Andrew Yang
"The belief that technological advancements of labor-saving equipment will lead to long-term unemployment is a fallacy that can lead to great harm," Pronto CEO says.
- Daimler Trucks recalls Western Star sleeper cabs for window issue
Daimler Trucks North America is recalling 2,725 Western Star brand 4900 and 5700 sleeper cabs from the 2016-2020 model years. About 4% of the recalled...
- Bulk booze by sea - Part 2: The present and future (with video)
A look at today's containerized ocean transport of alcohol via bottle, can, keg, flexitank and ISO tank container - and how this mix could change...
- Senator introduces bill penalizing sub-standard on-time performance
The bill introduced by Sen. Dick Durbin (D-Illinois) would allow Amtrak to sue freight railroads for not giving Amtrak preference on freight rail-owned track.
- Freight Futures daily curve: 11/25
Outbound LAX Trucking Freight Futures had a tough week on weak port data.
- US fines shipbuilder over $75 million in bribe scheme
Conspiracy involved sale of offshore drill ship to Houston chartering company.
- Today's pickup: A race to the bottom in e-grocery delivery; Stylish delivery robots; Pooping while you work at UP
Price wars in e-grocery delivery hurt everyone; Pooping while u work at Union Pacific; Getting snazzy in delivery bots
- Butler Intermodal Terminal seeks Midwest customers
The terminal wants to be an alternative for those needing intermodal services to the U.S. West Coast.
- Loadsure joins Blockchain in Transport Alliance
London-based Loadsure has joined the Blockchain in Transport Alliance. Learn more about Loadsure, as well as about the largest commercial blockchain alliance in the world.
- Former nuke material transport logistics exec guilty of bribery
Mark Lambert, who served as co-president of nuclear materials transport specialist TLI, will be sentenced by the District Court of Maryland on March 9, 2020.
- Commentary: When transport markets fail
Darren Prokop writes about the need for a solution to repair and improve the nation's highways and bridges. What are the options and is there...
- Europa Worldwide gets new head of property to manage construction of its £60 million futuristic warehouse
Logistics service provider Europa Worldwide is constructing a state-of-the-art logistics facility in Midlands Logistics Park in Corby, England.
- Chris Easter is taking Daseke on a transformational journey
Chris Easter took over as interim CEO of Daseke in September and is now being tasked with leading a transformation of a company known for...
- CMA CGM aims to raise $2 billion to pay loans on CEVA purchase
CMA CGM reported solid results for the third quarter of 2019. However, those results were weighed down by the costs of financing its purchase of...
- Platform Science headlines freight companies named to CNBC Upstart 100 list
Platform Science headlines a list of freight-focused companies honored in the CNBC Upstart 100 list for 2019. Upstart 100 recognizes companies poised for breakouts as...
|NOVEMBER 25, 2019|
- Goldman sees OPEC cuts holding Brent around $60/b in 2020
S&P Global Platts Analytics expects Brent crude futures will briefly break through $65/b in January on support from the IMO 2020 marine fuel specification changes before falling to back to the "low $60s" by the end of 2020.
- ICE LSGO speculative net length slumps 11,011 contracts on week
The selloff in the paper market at the beginning of last week came on a weaker outlook rather than reflecting the physical prompt market, market participants said.
- US maritime industry fears recent government proposals may weaken Jones Act
The US maritime industry fears a Trump administration proposal to modify decades of ship transportation rulings could weaken Jones Act enforcement, potentially altering a century of legal precedent governing movement of crude oil, refined products and other commodities between US ports.
- First 0.5% marine fuel trade takes place against LSGO in European paper market
It marks the first time there has been a LS Gasoil vs 0.5% Marine FOB Rotterdam trade on ICE and shows a market trend towards the pricing of low sulfur Marine fuel against LSGO.