|NOVEMBER 27, 2019|
- CMA CGM profit up 54pc to US$158.9 million as revenues rise 25.8pc
- International Chamber of Shipping opens China office in Hong Kong
- Many problems will arise from low-sulphur fuel use, says researcher
- US east coast ports continue to siphon containers from west coast
- Somaliland Port Authority to spend US$269 million on CT expansion
- CMA CGM levies December low sulphur surcharge to recoup costs
- ICTSI Croatia hails intermodal Rijeka Land Sea Express rail service
- Ports America deploys new Navis N4 operating system in Baltimore
- Kerry Logistics takes over big Turkish air freight forwarder ASAV
- Maersk pilots battery to boost power efficiency, will reduce fuel burn
- Kuala Tanjung gains support to become a leading port in Indonesia
- Cyber Monday e-commerce kicks off FedEx's peak season in 2019
- DB Schenker seeks to strengthen its new African 'Mobility Alliance'
- Finnair to boost Helsinki-Sapporo frequency from December 15
- DHL Express opens new US$136 millions hub at Cologne-Bonn airport
- Turkish Cargo bucks global trend as volumes rise 8.8pc in September
|NOVEMBER 26, 2019|
- Allcargo Logistics boosts ONE Line's ex-im service in Nepal
- Australia's Shipping Business Unit to be closed from Christmas through to New Year
- FIATA appoints Dr Stéphane Graber as Director-General
- IMO assembly opens with call for concrete action to address the challenges
- Ministry promoting strategic shipbuilding industry: Mandaviya
- Water transit protocol with Bangladesh seen boosting economic development in North-East
- Afghanistan has been sending consignments to India from Chabahar port
- DPT awards contract to beef up security in port premises
- Four cruise ships arrive within an hour in Mumbai Port
- Port of Rotterdam Authority launches trial providing advice on berths using digital application
- DCBA elects new Managing Committee with S. Ramakrishna as President; focuses on skill development
- Agriculture Export Policy aims at stable trade, says Minister
- MMTC places order for 6,090 t of onion from Egypt to ease the shortage
- Global 2020 economic growth trimmed to 2.9 pc
|NOVEMBER 27, 2019|
- Xi'an - Gdansk overland in just twelve days
- Rhenus Data Office takes over recycle it
- FTA strengthens multimodal offering with new policy manager
- CN installs PTC on all required tracks
- ATC Aviation chosen by Sichuan Airlines
- CMA CGM raises USD 2 billion for internal investments
- Agility Italy earns GDP certification for pharma logistics
- Atlantic Container Line goes for 15-year contract in UK
- Makita and cargo-partner celebrate ten years of cooperation
- USA: Georgia to receive a new rail yard
- Achievement and postponement
- "Curiosity of the Day"
- Mobile medical services provider updates its fleet
- Emirates paves way for Peru maindeck service
- GAC opens in Gibraltar
- Dualog and NYK continue digitalisation strategy
- SSY expands into energy derivatives broking
|NOVEMBER 26, 2019|
- Legal ruling over forwarder T&Cs in emails may become a global precedent
- Flexport eyes Europe expansion and is close to opening a UK operation
- Air freight industry warned: shippers will shy away unless you go greener
- Compliance with IMO 2020 - shipowners' worst fears materialising
- SAS Cargo pushes digital offering with sign-up to WebCargo
- Change in supply chains not necessarily driven by trade war, say business leaders
- Supply chain radar: Don't write off Ceva as it races against time
- Market Insight: APMM - How Dybeck Happe's departure comes at the worst possible time
|NOVEMBER 26, 2019|
- Jan De Nul orders giant crane ship
Belgium based Jan De Nul Group has ordered a giant crane ship at the CMHI Haimen Shipyard in China. To be called Les Alizés, it is aimed primarily at installation of new
- St. Johns completes first in new ferry series
St. Johns Ship Building, Palataka, Fla., recently completed the first in a series of Incat Crowther designed aluminum passenger ferries that it says are "destined for a New York based operator." As
- Chinese shipbuilding giants complete merger
It's official. Earlier today, China Shipbuilding Industry Corporation and China State Shipbuilding Corporation Limited, were officially merged into one corporation - China Shipbuilding Group - earlier today. China Shipbuilding Goup is now
- Steerprop names Riku-Pekka Hägg as CEO
Riku-Pekka Hägg is stepping down as Vice President of Ship Design at Wärtsilä to take up a new role as CEO of azimuthing propulsor specialist Steerprop, starting in January 2020. Steerprop notes
- ClassNK in joint CBM research agreement
Classification society ClassNK has concluded a joint research agreement for developing advanced condition-based maintenance (CBM), a new maintenance and management process for engine machinery plants, and establishing a new classification survey scheme
- Siem names LNG-fueled car carrier duo
The first trans-Atlantic PCTCs (Pure Car Truck Carriers) to operate full-time on LNG were named Siem Confucius and Siem Aristotle in a November 15 ceremony held at China's Xiamen Shipyard. Owned by
|NOVEMBER 26, 2019|
- TEN eyes 'strongest' tanker market for years
The Greece-based owner's upbeat outlook came after third quarter of the year results took TEN to a net income of...
- Greece urges IMO to consider delaying sulphur cap
Ioannis Plakiotakis says he fears there could be fatal accidents if outstanding issues regarding the 0.5% sulphur cap are not...
- Navios duo to expand with 16 vessels
The 10-ship joint venture Navios Europe I was 47.5% owned by Navios Maritime Holdings and 47.5% by tanker arm Navios...
- Shippers demand end to secret agreements between container lines
Evofenedex says the extension of the Consortia BER in its current form means "the European Commission is harming co-operation between parties...
- The Consortia BER: Resurrection by denial
The denial of the impact of big data, and business intelligence and analytics systems opens the door to a serious...
- Seaspan's $750m acquisition: Diversification or diversion?
Does the move to take over APR Energy signal the world's largest containership lessor owner is diverting its capital into...
- American Club will contest Munich Re conspiracy action
'The American Club, its managers and their employees acted throughout in accordance with the rules of the club and most...
- Daily Briefing
Free to read: Global tanker tonne-mile demand falls on US energy independence | CMA CGM to raise $2bn in asset sales...
- NYK Line and Pertamina form LNG tie-up
Discussions are underway on a joint business, involving the ownership and management of LNG carriers as exclusive partners
- Gunvor set to double offtake from Commonwealth LNG
Gunvor is making a definitive move on securing low-cost LNG for the purpose of delivering to high-value markets
- India commissions new iron ore terminal at Paradip port
The high load rate is expected to significantly reduce the preberthing delays at Paradip port
- Vietnam no substitute for China on the eastbound transpacific container route
A lack of viable alternative capacity and infrastructure will force many shippers to decide that the cost-benefit of moving versus...
- Qatar goes it alone with diversification plans
Cutting down logistics costs will be critical for Qatar's ambitions to diversify its economy beyond energy
- Qatar announces 64% boost in LNG production capacity
Although Qatar is facing increased competition from other exporters of LNG, energy minister Saad Sherida Al-Kaabi recently said he was...
|NOVEMBER 26, 2019|
- Modern Terminals' Levesque takes Ports America post
- Logixboard sees SaaS as future of forwarding tech
- Sudden removal of China rail subsidies would hurt volumes
- US intermodal poised to end 2019 at three-year low
- CN workers end strike after contract deal reached
- Indian tech startups target traditional forwarders
|NOVEMBER 26, 2019|
- Interceptor aims to tackle bulk of marine plastic waste by 2025
Gard-backed initiative aims to clean up 1,000 most polluting rivers, responsible for 80% of ocean plastic
- Tsakos looking to cut bigger dividends in 2020
Tsakos Energy Navigation is putting increased dividends at the top of its list of priorities as the tanker market firms in the fourth quarter and beyond. "Increasing the dividend is our first priority," chief executive Nikolas Tsakos said on the company's third quarter earnings call. "We believe that's the best way to reward the existing shareholders who have stuck with us over long years." 'Har
- Ex-Aegean directors say lawsuit takes aim at founder, not them
The defendants, including Peter Georgiopolous, intend to file a motion to dismiss
- Golar plans to pursue US listing for its fleet in mid-2020
Chairman Tor Olav Troim says company may consider sale of part of its cash flow and simplification of corporate structure
- Golar LNG ship spin-off paused as planned partners melt away
The company posted an $82m loss for the third quarter, while disclosing the spin-off news
- US sanctions Cuban company swapped in for state oil firm
New sanctions have been placed on a Cuban company that has taken over certain contracts on behalf of Cubametales, which was sanctioned by the US in July.
- Performance Shipping widens loss after impairment hit
The shipowner is branching out into tankers, but is still dealing with impaired its containerships.
- TEN sees 'strongest' tanker upcycle in decades unfolding
US-listed Tsakos tanker outfit says has completed fleet preparations for IMO 2020
- Oldendorff Carriers sells another handysize bulker
Oldendorff Carriers has disposed of another modern Chinese-built handysize bulker. The German bulker operator has sold the 32,000-dwt Dorothea Oldendorff (built 2009) to an undisclosed buyer, the company confirmed. Some European brokers said the ship went for a price of $5.5m, but TradeWinds is told this is "completely wrong" and that the price is $6m. VesselsValue estimates a vessel of the D
- Squire Patton Boggs launches shipping group with Reed Smith recruits
Global law firm expands with new partners in Singapore
- Pareto Securities rides 'Prexit' wave in $400m November to remember
Tanker exits by private equity backers and BW Group put Norwegian firm at helm for $400m in shares sales
- Diamantis Lemos lines up last product tankers for sale
Greek tanker and bulker owner Diamantis Lemos is set to shrink its fleet further with the sale of two Hudong-Zhonghua-built LR1 ships. The 72,300-dwt Despina (built 2006) is presently en route to Panama, while the sistership Archangelos Gabriel (built 2005) is discharging in Los Angeles, according to broker reports. Diamantis Lemos torches 15-year-old tanker pair The ships are likely to fetch
- 'Hard work pays off' for Hafnia after merger with BW Tankers
Despite a third-quarter setback, the Oslo-listed product tanker player remains comfortably in the black for the first nine months of 2019
- Chinese steel hangs like the sword of Damocles over cape rates
Owners face uninspiring prognosis for 2020 on the back of 10-year highs, due to falling iron ore imports and decreasing production at mills
- Avance Gas profit soars but comes in below expectations
Avance Gas has seen its profit for the third quarter more than double compared to last year on the back of improved freight earnings, but but the result came in below analyst estimates. The Oslo-listed owner of VLGCs posted $24.7m profit for the three-month period, compared to $9.8m last year. Drewry: China continues to diversify away from US LPG VLGC rates surge on Saudi production issues
- Gunvor Group commits to buy three mtpa of gas from Commonwealth LNG
Trader and shipowner also strikes marketing deal with Louisiana project
- Ocean Yield continues fundraising drive with bond issue
Kjell Inge Rokke-backed owner targets five-year issue in Oslo
- Oxygen Maritime product tanker to go back under the hammer
The Megacore Honami is up for auction in Singapore for a second time as a court battle with lenders drags on
- More idle days push Borealis Finance to a loss
Boxship and bulker owner also lost revenue to drydockings and surveys
- Pioneering expedition cruiseship Polaris scrapped in South Korea
Russian-owned Polaris is being recycled in South Korea as a new generation of polar vessels looms
- Navios Maritime companies add 16 ships as affiliate is liquidated
Two units of Greek shipowning group expand fleet with bulkers, tankers and boxships as Navios Europe I closes down
- Harren & Partner Group reveals niche focus as it celebrates 30th anniversary
Succession has driven fresh strategies for financing
- World's biggest shipbuilder is born in China with assets of $112bn
China Shipbuilding Group finally launched through merger of CSSC and CSIC
- Chembulk Tankers offloads two more vessels
Chemical tanker owner's asset disposals have raised around $40m from the sale of six ships in 2019
- Carnival Corp sells another two older cruiseships
Cruise giant's Australian subsidiary will take over two Princess ships as replacements
- Alpha Bank backs Castor Maritime expansion with new loan
Cyprus-based owner says it remains committed to utilizing balance sheet to continue growth plans
- Rever Offshore extends Volstad Maritime DSV charter
UK-based company has exclusive access to asset until late 2022 with options to extend fixture
- Cruise ship runs aground off Thailand's Phi Phi Island
Vessel is part of move by French owner to expand into expedition cruise sector
|NOVEMBER 26, 2019|
- Integrated Logistics continues to bleed-out losses
Sino-Malaysian services provider Integrated Logistics (trading as Integrated Group) has announced another poor set of financial results. It looks set to deliver its fifth full-year...
- FMCSA takes heat for driver training delay
Advocacy group warns lack of ELDT rule directly compromises truck safety.
- SAS Cargo to offer dynamic booking with Freightos platform
Logging onto an air cargo web site to book space for your shipment is so 2010s. Forwarders and airlines looking for speed and efficiency are...
- Scathing reports document negative impacts of Amazon warehouse model
Among the findings: The serious injury rate in some facilities is double the national average for the warehousing industry, and for every $1 in wages,...
- Commerce seeks to protect US digital economy from sabotage
A proposed rule calls for the Commerce Department to determine whether certain technologies pose a threat to U.S. national security and prohibit those trade transactions.
- The big apple
The launch of Washington state's first homegrown apple variety on Dec. 1 is getting the kind of star treatment typically accorded the release of a...
- CBP seizure takes more than 5,000 fake IDs out of circulation
Shipments of counterfeit driver's licenses and blank card stock were discovered and seized by Customs and Border Protection officers at Louisville and Memphis mail facilities.
- US approves trans-Atlantic joint venture without Alitalia
New joint venture replaces separate agreements
- Freight Futures daily curve: 11/26
Outbound LAX Trucking Freight Futures remained weak on fundamentals after Monday's trading session.
- Drayage Update: NEXT expands its drayage marketplace
John Papageorgiou, Senior Product Manager at NEXT Trucking, sits down with FreightWavesTV's Emily Szink in Chicago to talk about the company's updated drayage marketplace.
- China export pain mounts as tariffs bite
China's exports to the U.S. contracted last month. Even so, slowing U.S. exports to its trade rival saw China's trade surplus with the U.S. widen.
- Commentary: Mentors can change careers and industries...
Jim Blaze writes about the power and influence of mentors on a person's career and life.
- Is slowing down your speed to save money worth it?
Potential strategy to increase efficiency in a down market
- Uber Freight's new head of product on building "a culture of customer obsession"
Over the past two and a half years, Uber Freight, the freight brokerage division of Uber Technologies (NYSE: UBER), has already proven itself capable in...
- Today's Pickup: Schneider adds tool to allow carriers to book loads at the click of a button
Schneider National has added a tool called Load My Truck that allows third-party carriers to instantly book loads at a click of a button. Also,...
- Canadian National and Teamsters reach deal to end strike
Normal rail service to resume on Nov. 27, ending a week-long strike that has shaken Canada's supply chain.
- Freight Brokers: Where are we in the freight cycle?
Gross revenue and margins are in the most difficult stage of the cycle right now.
- "Death ship" capsize kills over 14,000 sheep (With Video)
Animal rights groups call for the European Commission to ban the live transport of animals following the Black Sea tragedy.
- Class I rail employment hits new low
Headcount within U.S. Class I rail operations tumbles amid declining rail volumes and the deployment of precision railroading.
- The black Angus bull trade and the need for tracking its supply chain
The trade of Black Angus bulls is a global supply chain that needs a verification system, which can keep counterfeit beef from reaching the consumers'...
- European Commission skeptical about more government aid for Alitalia
Proposed loan may run afoul of EC rules on state aid
|NOVEMBER 26, 2019|
- Bunker trader KPI Bridge Oil's 0.5% LSFO sales exceed HSFO
Bunker trading company KPI Bridge Oil's 0.5% sulfur fuel oil sales have exceeded its sales of high-sulfur fuel oil for the first time, CEO Soren Holl said, as the market begins to shift rapidly toward cleaner fuels ahead of the International Maritime Organization's 2020 marine fuel mandate.
- Thailand's IRPC sells Nov LSFO at smaller discount as IMO 2020 draws closer
The company sold 15,000 mt of LSFO with maximum 0.45% for loading in November from its 215,000 b/d Rayong refinery at a discount of around $90/mt to the Mean of Platts Singapore 10 ppm gasoil assessment, the source said.
- Demand for 0.5% bunkers outstrips availability at East Med ports: sources
With almost one month left until the new sulfur cap regulation on marine fuels drops to 0.5% from 3.5%, European and Mediterranean ports have experienced varying degrees of uptake in 0.5% bunker fuel as market players prepare.
- Crude settles higher, with focus remaining on US-China trade talks