|OCTOBER 3, 2019|
- CMA CGM increases Asia-Mediterranean rates from October 15
- Hapag-Lloyd increases Asia-Oz rate US$300/TEU from November 1
- Maersk, Shell and Cargill join UN's 'zero' decarbonisation initiative
- Speculation mounts APM Terminals will sell Rotterdam terminal
- Saudi crude exports unaffected, because reserves covered losses
- US seeks to curb Chinese dominance in lithium and cobalt supply
- Hapag-Lloyd to start two new loops to India, Mideast and Africa
- Drop in demand, container rates prompt carriers to cancel sailings
- Europe's biggest hospital group awards CEVA 5-year London contract
- Vietnam's growth forecasts upgraded as GDP touches 7pc
- Munich Airport moves to fifth place among world's major airports
- WestJet places temporary embargo on batteries containing lithium
- Hong Kong Airlines opens crew training academy near city airport
- Etihad Cargo adds freighter services and hires new US manager
- Japan's ANA to text drone delivery in Zambia and Japan
|OCTOBER 2, 2019|
- Car carrier shipping seen continuing recovery
- Chad Call to be new CFO of ZEAMARINE
- Indian Register of Shipping (IRClass) strengthens South Asia presence with new office in Bangladesh
- Keyur Tharani elected Chairman of BOFBA at 66th AGM
- Transhipment needs to be more friendly
- PSA Chennai celebrates 10th anniversary
- North-East seen as a major thrust area for agri exports
|OCTOBER 3, 2019|
- M&M expands in Serbia
- Wordwide GSSA network goes Down Under
- New software for Europart
- Chad Call steps up as CFO of Zeamarine
- Japan - Europe over land in just 23 days
- UECC snaps up award for sustainability
- Rémi Julien takes the helm at MGI
- Heavy haul freight train runs by itself in the USA
- Automated distribution hub for Dillewijn Zwapak
- LOT improves pharma transport options
- The next MLO LNG carrier for Yamal is ready
- Turning assistant to become compulsory for long trucks
- EUR 2 billion for digital transformation
- "Curiosity of the Day"
- AHS: two women at the top
- Veterinary vaccines from A(rgentina) to B(olivia)
- First LNG transaction with the BLNG3 assessment
|OCTOBER 2, 2019|
- Containership charter rate boom peters out as carriers sail into slack season
- Delta-LATAM link-up creates turbulence, but will air cargo benefit?
- Dover aims for business as usual after Brexit, but no-deal will hit trade, Tories told
- Amazon eyes US civil reserve air fleet as defence contracts are awarded
- Car-carrying lines are eyeing investment in ports to boost profitability
- Ex-Maersk chief Nils Andersen takes the chair at WFS
- Labour protest blocks some airfreight traffic at LAX
- China's empire-building - as seen from the middle of nowhere
- Analysis: FedEx - on the road to a break-up...
|OCTOBER 2, 2019|
- Lucas Vos takes helm at Stolt Tankers
Lucas Vos is to become President of Stolt Tankers, with effect from October 11, 2019. Vos, who was most recently CEO at Royal FloraHolland, succeeds Mark Martecchini, who will assume management of
- VIDEO: TSB Canada warns on girding risks facing tugs
The Transportation Safety Board of Canada today released its its investigation report (M18P0230) on the August 2018 girding and capsizing of the tug George H Ledcor. The TSB says that its report
- OSG hopes for U.S.-flag future for two Korean-built newbuilds
Overseas Shipholding Group, Inc. (NYSE: OSG) has taken delivery of two 50,000 dwt class product and chemical tankers from South Korean shipbuilder Hyundai Mipo Dockyard Co., Ltd. The Overseas Gulf Coast and
- Bourbon Rhode: Death toll mounts
Bourbon Offshore today reported the death of another crew member following the sinking of the tug Bourbon Rhode in the Atlantic Ocean on September 26. The Bourbon Rhode had 14 crew on board
- Response to capsized car carrier continues
Salvage workers are continuing to lighter the car carrier Golden Ray, the vessel that capsized Sunday, September 8, in St. Simons Sound, Brunswick, Georgia. The capsize was followed by a dramatic rescue of
- Svitzer selects Schottel for tug trio building at ASL
Two tractor tugs and one ASD tug currently under construction at ASL Shipyard, Singapore for Svitzer will be equipped with rudderpropellers from Spay, Germany, based Schottel, the German propulsion expert. All three
- Eidesvik picks Wärtsilä for hybrid upgrade project
Norway's Eidesvik AS is to upgrade its 2015-built construction vessel Viking Neptune. It has selected Wärtsilä to engineer, supply, and commission a hybrid propulsion system for the vessel. Wärtsilä says this latest
- Banner year for Port of Beaumont
The Port of Beaumont, Texas, has recorded what Port Director Chris Fisher calls a "banner year." For the first time in the port's 103-year history, more than 6.5 million tons of cargo
|OCTOBER 2, 2019|
- Iran to build two oil refineries in Gulf of Oman port
The two refineries will have a total daily refining capacity of up to 450,000 barrels per day
- UK's revised Brexit plan calls for intra-customs clearance on Irish Sea
'We will potentially need to create border infrastructure and complexity at even more UK ports than we're currently anticipating. None...
- Trading platform could improve box booking
White paper calls for open online booking system to help carriers visualise demand and stabilise load factors and rates
- Maersk said to be considering sale of Rotterdam terminal
Maasvlakte I is the older of two terminals at the Dutch port owned and operated by APM Terminals, which opened...
- Hapag-Lloyd rules out Arctic shipping
The box carrier claims use of Arctic passages is currently 'out of the question' due to environmental risks
- Management club underlines loyalty to Cyprus
Cyprus has long been a major shipmanagement centre and managers tend to have remained true to the island for many...
- CSSC Shipping seals four ice class post-panamax bulker deal with Pangaea
The new vessels will be used in support of Pangaea subsidiary Nordic Bulk Carriers' 10-year contract with Baffinland to utilise...
- Carriers caught between higher costs and lower earnings
Charter rates rise for larger vessels as scrubber installations take ships out of service
- Greek-owned fleet continues to dominate
According to LLI data, Greeks control more than 18.8% of the world dry bulk fleet and 19.8% of the world...
- Athens - the hub that never had to try too hard
The maritime cluster of Athens has existed for 2,000 years, but it has never been officially recognised until now
- Avenir joint venture wins $28m LNG bunker tanker contract from Petronas LNG
The joint venture between MISC and Avenir will provide inroads into the LNG bunkering market here as other companies in...
- The interview: Theodore Veniamis
Others need to speak up on a 'potentially catastrophic' implementation of sulphur cap, says Greek shipowners' leader
- Daily Briefing
Free to read: Cosco parent begins marine insurance exit from London as sanctions bite | Veniamis: 'It's not too late to...
- GTT ties up with DSEC for LNG hybrid vessel
Ponant, the owner backing construction of Le Commandant Charcot, touted this newbuild as the world's first hybrid electric ship propelled by liquefied...
- Novatek ramping up LNG shipments via NSR to Asia
'Developing further the navigational efficiency via the NSR combined with the construction of LNG transhipment complexes in Kamchatka and Murmansk...
- Sempra Energy agrees to supply LNG to China Three Gorges Corp
'This initial agreement with CTG represents an opportunity to support strong growth in natural gas demand in Asia, with future...
|OCTOBER 2, 2019|
- New Orleans port improves rail flow as traffic jumps
- AAL gearing up as market improves
- Zeamarine appoints Chad Call CFO
- Lack of visibility delays US-Mexico truck freight
- Dynamic pricing allows for forward shipping contracts: Drewry
- Global air cargo rates fall to four-year low
- Soaring Shanghai-Europe air freight prices buck downward trend
- India mulls port pricing overhaul to lure mainline calls
|OCTOBER 2, 2019|
- Pangaea confirms China pair with financing twist
Ed Coll-led niche specialist is turning to Chinese leasing company and a Connecticut private equity partner to bankroll latest fleet additions in Arctic trade.
- Underwriter B Riley FBR is buyer as well as seller in GSL follow-on deal
Global Ship Lease happy with $55m windfall and with its bankers, who supported upsizing sale by buying $15m of the stock
- Idan Ofer fixes LPG newbuild into three-year, $27m charter
Midsize spot rates climbing, with more period activity
- Investor unhappy with Brookfield's Teekay Offshore bid
JDP Capital Management argues that Brookfield Business Partners is trying to take Teekay Offshore on the cheap
- Data shows Iran-linked dark operations and STS transfers continue despite sanctions
Data analysis firm Wandward says new STS hubs for suspected Iranian shipments are emerging
- Webber: tanker tailwinds 'among strongest in a decade'
One of shipping's most influential equity analysts has returned to coverage of the sector, but under his own shingle this time. Veteran researcher Michael Webber is back and so is his trademark "corporate governance scorecard," which examines the management practices of shipowners. And as Webber promised before he "hopped off the stagecoach" - allusion to the logo of former employer Wells Fargo
- Aissot set for sizeable profit by reletting Evalend tanker newbuildings
Dubai-based owner charters out two of its 11 VLCCs from Greek owners
- Cosco Shipping Energy needs to be transparent if it wants to stay afloat
Caught in the crossfire of the US-China trade war, Cosco's prized tanker subsidiary must do much more to reassure shareholders and business partners
- Death toll mounts after Bourbon anchor-handler sinking
Fourth body found following loss of Bourbon Rhode in the Atlantic
- SD turns eye-catching $2.4m profit on PSV sale
Oslo-listed owner sells large ship for much more than it paid for the unit in weaker markets
- Watch the moment Stolt tanker exploded
Camera captures devastating blast on Stolt Groenland in South Korea
- Greece's Leon Shipping linked to purchase of GEM tanker
Leon Shipping & Trading, a low-profile tanker owner from Greece, is believed to be behind one of several tanker sales reportedly carried out by Dubai-based player Gulf Energy Maritime (GEM). Gulf Energy Maritime linked to string of LR1 tanker sales Gulf Energy Maritime tied to $64m LR2 market exit
- Peninsula prepares for IMO 2020 with $800m cash pot
Bunker and tanker group adds to Asian finance facility led by HSBC
- Charter rate of Avenir LNG's first small-scale ship emerges
Level could set new benchmark for growing LNG bunker vessel supply market
- Bugbee strikes for more Scorpio Tankers stock options
President adds potential 100,000 shares to options for 150,000 acquired last week
- Ostensjo and Foss team up for US offshore push
Norwegian owner teams with US partner to focus on wind projects
- Ince adds first shipping partner in Gibraltar
Anne Rose tasked with developing practice in important shipping hub
- Beazely claims war risk rates need to rise
Senior underwriter says premiums are not high enough to cover worsening risk picture, particularly in the Middle East Gulf
- Owners buying IMO 2020 'cheat devices?' No, just scrubbers
Another week, another mainstream media outlet discovery of dastardly exhaust gas cleaning plot
- Greece's Thenamaris offloads 18-year-old MR product carrier
Diversified Greek shipping giant Thenamaris has sold its oldest tanker, an 18-year-old MR. US brokers said the Martinos family company's 39,000-dwt Searambler (built 2001), which has an ice-class 1A notation, has gone to a Russian buyer for $7.9m. Aframax earnings to heat up on Russia and Norway crude supply Peter Weernink takes back control of operator SwissMarine Thenamaris did not reply to
- Karadeniz denies buying aframax for fleet of power stations
Karadeniz Holding has denied reports that it has bought an aframax tanker to add to its rapidly growing fleet of floating power stations. Several broker reports earlier this week identified the Turkish company as the buyer of the 105,300-dwt Happy Century (built 2001) for $12.5m, with the intent to convert the vessel. FSRU for world's first LNG-to-power project near completion Karadeniz to co
- Navig8 unveils plan for free online fuel benchmarking site
Group with fingers in every piece of the IMO 2020 pie is poised to go live with platform for bunker pricing and quality reports
- Graig Shipping marks centenary with 100km charity cycling event
The Tour de France it was not - but that did not stop some of London's top sale-and-purchase brokers from donning their Lycra for a bike ride in the Welsh countryside in aid of charity. The event, which raised more than £30,000 ($36,830), was held to mark the 100th anniversary of UK-based shipowner Graig Shipping. A wet and windy September morning saw 75 riders embark on the 100km ride on a rout
- UECC adds third battery hybrid car carrier
Owner declares option for another vessel at Jiangnan Shipyard in China
- Chad Call steps up to CFO role at Zeamarine
Former Intermarine man succeeds another as Michael Dumas resigns
- Cobas continues shipping push with Hoegh LNG buy
Spanish fund builds stake to more than 10% in Norwegian operation
- Bulker damaged after hitting pier in Brazil
Port of Imbituba operational after incident involving Wisdom Marine vessel .
- Hong Lam Marine books four small tankers in China
Singapore bunker tanker owner expected to take delivery of first ships by 2021
- Sri Lanka files 7,573 charges over alleged arms transfers
Ukrainian master is finally indicted, four years after vessel was seized
- Sempra Energy eyes potential China LNG supply deal
US firm says agreement is an opportunity to support strong growth in Asia's natural gas demand
- China's one-party rule struggles to catch up to economic miracle
Sanctions and Hong Kong protests show how country's outmoded politics stand in the way of commercial gains
- Vortexa: Euronav's ULCC Oceania arrives off Malaysia
Ship adds to at least 3.5mt of IMO 2020 compliant bunker fuel said to be floating in tankers in region
|OCTOBER 2, 2019|
- Ocean Rate Report: Sanctions still stoking supertankers
Crude tanker rates continue to surge, driven by geopolitical tensions. Meanwhile, container rates remain weak.
- Canadian National truckers ratify new contract
Unionized Canadian drivers for CNTL approve four-year agreement that increases rates for wait times and mileage.
- Loss of Parcel Select business could hit USPS hard, consultancy says
USPS faces big revenue, volume erosion from loss of big Parcel Select customers, ShipMatrix says
- Third quarter carload declines worst yet in 2019
Heading into earnings season, the railroads clearly have a revenue headwind as carloads declined again in the latest week.
- Surface Transportation Board issues two proposed rulemakings
The rulemakings address cost of capital calculations and rail performance data for chemicals and plastics traffic; shippers also press Board to act on fuel surcharges.
- Searcy Specialized president voices opinion on hours of service debate
Dan Doran suggests the industry should've focused on HOS revisions before discussing ELDs.
- Anheuser-Busch charges into California electric truck demonstration race
Anheuser-Busch is one of the biggest customers in line for hydrogen-powered fuel cell electric trucks from Nikola Corp., iNow, it is jumping into California's electric...
- Indiana short line, rail groups file lawsuit over Illinois' crew size law
Groups say existing federal laws trump Illinois' mandate on train crew size.
- IMO 2020: diesel - crude spread blows out to widest level this year
Energy markets appear to believe that capacity constraints will raise diesel prices next year.
- Food-delivery apps add more supermarkets to their routes
Postmates just announced a partnership with Walgreens and Duane Read stores - all 174 of them - in Manhattan and Brooklyn.
- Airbus issues stark warning on WTO tariffs
WTO green-lights $7.5 billion of tariffs
- Traton charges ahead with €2 billion investment in electric, autonomous vehicles
Truck subsidiary of Volkswagen AG will split investment into electric vehicle and software development to speed introduction of alternative fuel and self-driving commercial vehicle options
- Virgin Atlantic seeks to expand cargo footprint
Tel Aviv is the carrier's latest destination
- Officials in South Texas looking at China for new factories and jobs
Officials with the McAllen Economic Development Corporation (MEDC) will soon take a second tour of China to look for new partnership opportunities in that country....
- YRC combines long-haul, regional operations in Michigan
YRC merges terminals in northern Michigan in first step of network optimization plan since landing new financing
- Freight Futures daily curve: 10/2
After a lower contract roll, Freight Futures start looking to fundamentals.
- Kriska buys two small Canadian carriers
Ontario-based firm acquires Trailwood Transport, an automotive specialist located near two Honda plants, and nearby Nexus Freight, which will bolster local capacity.
- Shifting freight demand from truck to rail will improve air quality, study finds
Maintaining strict emissions regulations and levying a carbon tax on freight movement will help reduce mortality rates due to air pollution.
- CBP presses continuing education for customs brokers
The National Customs Brokers and Forwarders Association of America will work with U.S. Customs and Border Protection to develop the education program.
- Some small carriers still clinging to old telematics devices into fourth quarter
Only 5% of carriers are still using automatic onboard recording devices (AOBRDs), according to a FreightWaves survey conducted in conjunction with EROAD and CarrierLists.
- Delta projects strong 3Q despite cargo slump
[Editor's Note: The photo has been updated to reflect a plane currently in service] Delta Air Lines' [NYSE: DAL] cargo volume fell 10.5% in September...
- Civil construction equipment industry thrives in the face of slowing economy
The civil equipment industry is thriving in the face of an overall manufacturing and industrial slowdown with demand for 5G fiber-optic cable installations and state-funded...
- Today's Pickup: This drone could save your life
Deliveries of automated defibrillators by drone beat paramedics by seven minutes to simulated cardiac arrest patients during round of test flights in Canada.
- Food as Software
Growing investment and consumer interest in laboratory-grown meat will change the dynamics of the industry.
- Flood risk ongoing in Plains states today (forecast video)
Several Plains states will have wet, slushy or snowy roads today with flash flooding likely in some areas.
- Thomas Cook airport slots coveted by other carriers
With Thomas Cook in liquidation, lucrative take-off and landing slots are highly prized
- AvatarFleet President offers solutions to 'the driver problem'
AvatarFleet is in the business of simplifying the process in which transportation companies find not just drivers, but safe drivers.
- GE pays $2.7 million fine for Cuban sanctions violations
The U.S. Treasury Department's Office of Foreign Assets Control said three GE subsidiaries failed to use "reasonable care" by accepting payments from a Cuban entity...
- Salesforce forecasts 13% holiday e-commerce growth in 2019 (with video)
Salesforce drew on three years of data from 4,500 e-commerce sites to generate its forecast.
- ChemDirect joins blockchain alliance
ChemDirect, an online marketplace serving the chemical industry, announces it has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to determining best practices...
- TruckPark adding more than 10,000 truck parking spaces to reservation app
TruckPark offers drivers the chance to reserve a parking space at dozens of locations throughout the country. A new partnership with Storemytruck.com will expand those...
- Liner customers "bewildered" by new low-sulfur fuel charges
From Oct. 1 new low-sulfur fuel charges are being levied by some container lines with more to follow through Q4. Use of the fuels is...
|OCTOBER 2, 2019|
- Rotterdam 0.1%, 0.5% bunker fuel spread narrows on rising 0.5% demand
The price spread between Rotterdam 0.1% marine fuel oil and 0.5% marine fuel oil narrowed in September .
- Bunker operations at Zhoushan to resume Thursday after typhoon
Bunker delivery operations at the key Chinese bunkering port of Zhoushan will resume Thursday at 8 am (0000 GMT) after typhoon Minag moved out of the area.
- External: Global Risk Management
- Bunkering at S Korean Busan, Ulsan ports suspended on typhoon Mitag
"The terminals are closed now and will open from October 4," a South Korean trader said.
- Japan delivered Marine Fuel 0.5% bunker premium hits record high on growing demand
Japanese companies gear up to supply 0.5% sulfur marine fuels.
- Shipowner group BIMCO proposes IMO limit ship power to curb GHG emissions
Focus should be on emissions and, by proxy, power, BIMCO said.