Havyard says more about its 3.2 MW maritime fuel cell solution Norway's Havyard Group has released more details of the 3.2 MW maritime fuel cell solution it has under development for large ships If large vessels are to sail zero emission at high
Vard Marine to complete design package for NYC Gowanus power barges Vancouver, B.C. headquartered Vard Marine Inc. has been contracted to complete the basic class design package of a new generation of Siemens powered SeaFloat power barges to support New York's Gowanus Repowering
Harvey Gulf reports increased earnings New Orleans headquartered Harvey Gulf International Marine said today that it increased EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) by 33% in the third quarter. The privately-owned company attributed the increase
MAN wins order for engines for French Logistic Support Ships Four refueling tankers being built for the French Navy are to have MAN main engines. As part of the deal, MAN Energy Solutions will supply the Chantiers de l'Atlantique shipyard with a
Disney Cruises in three-ship agreement with Meyer Werft Celebration, Fla., based Disney Cruise Line has entered into a memorandum of agreement with the Meyer Werft shipyard in Germany. It covers the construction of three new LNG-fueled cruise ships. Plans for
Danfoss Drives appoints new Head of Sales for Americas Danfoss Drives has named Ian Barrie as its new Head of Sales for the Americas. In this position, he will continue to build and develop strong regional sales channels and verticals for
Great Lakes Dredge CEO says third quarter results "in line with expectations" Great Lakes Dredge & Dock Corporation (Nasdaq:GLDD), the largest provider of dredging services in the U.S., reported financial results for the quarter ended September 30, 2019, that saw third quarter revenue of
Seanergy expects elevated charter rates The company, which reported a profit in the third quarter of the year, has completed three out of a total...
Product tanker owners see improving market Solid fundamentals are supporting product tankers, including a record low orderbook and rising seaborne demand for refined products because of...
Commercial Court upholds 'actionable fault' defence in general average cases 'Nothing is payable under the GA guarantees issued by [insurers] if the loss was caused by the owner's actionable default...
Shipping cannot meet 2050 emissions goal, says Opec It is clear that further measures are required, and these need to start soon, says Opec's report
Asia to Europe box spot rates rise 30% Good news for carriers as November general rate increases hold
Tanker owners' group elects Erik Hanell to top role The Stena Bulk chief succeeds former Euronav chief executive Paddy Rodgers at the top of tanker oil spill fund
Opec forecasts 'less severe' IMO 2020 implementation Opec's assumption that global refineries can meet demand is a significant message for shipowners and charterers. Its projections were revised...
Samskip open to further M&A activity Samskip has played a major role in the concentration of the European shortsea box market with several high-profile acquisitions, including...
Taking advantage of China trade uncertainties Cargo owners need to look closely at the potential pitfalls of shifting production to other Asian nations
Daily Briefing Free to read: Scrubbers are tried, tested and still getting better | BW Group reverses position on Hafnia | World...
Westports retains growth momentum with more mega boxship calls More than half the volume was transhipment boxes and Westports said it is supporting the trend towards bigger containerships with...
US port union's lawyer warns of bankruptcy after court ruling Jurors found the International Longshore and Warehouse Union International was 55% liable and Chapter 8 was 45% liable, although a...
Xi pledges to expand China's import market China's leader said the global value chain and supply chains are now highly intertwined, while the economic integration between nations...
Malaysia's richest man bids to privatise POSH POSH is one offshore support vessel ripe for privatisation given it is anchored by the Kuok Group, the business empire...
Danaos upbeat for container trade demand growth For the third quarter of 2019, Danaos showed an adjusted net income of $37.9m compared to $37.5m for the same...
Greece probes five vessels in connection with Brazil oil spill Delta Tankers apart, Maran, Euronav and Minerva have been asked to provide information into the incident
Wallenius Wilhelmsen improves profit while shunning revenue Wallenius Wilhelmsen has enhanced its bottom line despite turning down certain sources of income. The Craig Jasienski-led car carrier operator reported $31m in comprehensive income for the third quarter, up from a $20m profit during the same period last year. Revenue for the Oslo-listed company's ocean operations, which controls 126 car carriers, declined 6% to $773m, mostly because Wallenius ch
Al Ghurair cancels Diana Shipping fixture Al Ghuarair Resources International has cancelled a fixture for one of Diana Shipping's post-panamaxes. Al Ghurair, a UAE-based agricultural commodities trader, Tuesday did away with a timecharter contract for 98,704-dwt Polymnia (built 2012) due to "unforeseen events", the Simeon Palios-led owner said. The fixture was announced 10 October. Diana Shipping fixes panamax to Al Ghurair "Charterers
GoodBulk posts profit for tenth consecutive quarter GoodBulk has had its tenth consecutive profitable quarter, recording a net result that is a considerable improvement on the $280,000 posted last quarter. GoodBulk takes dividend pot to $44m after profitable supramax sale The Monaco-based company posted net profit of $19.9m for the third quarter, up from $14.5m at the same point in 2018. This equates to earnings per share of $0.66 this year, co
Seanergy expects continued profit amid better market Brazilian iron ore exports should keep cargo supply firm while scrubber retrofits keep ships off the water, Seanergy said.
Refiners and shipowners are ready for IMO 2020, says Opec The oil and shipping industries are exceeding the oil cartel's expectation in terms of preparation for the new bunker rules
Dividends, refinancings and carbon report for Ardmore Busy quarter sees Anthony-Gurnee led owner first to report emissions while bolstering debt facilities and guiding to stronger earnings heading to IMO 2020.
Marine Insurer Canopius gets boost from Samsung investment Partners to explore fresh opportunities in specialty business lines
James Fisher hit by cyber attack on computer systems UK shipping group took affected networks offline and called in security experts
Hamburg Sud slaps IMO 2020 eco-fuel fee on boxes Maersk-owned container line says price difference between low and high sulphur bunkers is $193 per ton
NRP plotting new funds to capitalise on ship financing gap Norwegian maritime asset manager brings onboard former Pareto man Wilhelm Magelssen as it aims to launch credit fund directed at smaller owners
Momentum with Concordia as tanker market 'finally' turns Swedish tanker owner says surge in crude rates filtered down to product ships after usual time lag
Pricing helps Polarcus profit pack a punch Polarcus has been raking in higher revenue, which has led to massive improvements to its bottom line. Polarcus returns to profit as seismic sector turns up The Dubai-based seismic shipowner recorded net profit of $13.7m for the third quarter of 2019, compared to a $8.4m loss in the same period last year. This result equates to earnings per share of $0.027 for the past three months, a significa
Ex-Eimskip boss wins battle in war to stop competition probe Gylfi Sigfusson to get his day in court as he claims antitrust authority violated his human rights
Shuttle tankers vital for keeping Equinor's offshore oil flowing Shuttle tankers are a key part of Equinor's infrastructure. They form a flexible pipeline to keep the oil flowing from its offshore production facilities. "If we don't have the operational reliability of the shuttle tankers, we may need to shut down the oil well production. We should never do that," said Ann-Elisabeth Serck-Hanssen, the company's senior vice-president of asset management. The fa
Equinor's Brazil growth offers promise for shipping needs The expansion of Equinor's Brazilian activities has brought a palpable sense of excitement to those tasked with handling the Norwegian energy giant's shipping activities. Equinor is the second-largest oil producer in the South American nation, which the Norwegian energy giant regards as a core area of future growth. Brazilian offshore resurrection in the making "With our expansion in our activi
Equinor strives for a more sustainable future in shipping Norwegian energy giant wants to transport hydrocarbons in the greenest possible way
Three protesters killed as Iraq tries to re-open port Deaths reportedly occurred in clashes with security forces in Umm Qasr
Cosco Leasing snaps up eight Dasin Shipping bulkers Chinese giant strikes leaseback deal with Singapore owner
Frontline Management's Lars Pedersen ticks off his to do list Boss with six hats says keep it lean, efficient, simple and focused
Flex LNG takes shipmanagement in-house in first for Fredriksen Company makes pioneering move to build a dedicated manager in Oslo
Michael Pak is back for new role with Poten Capital in the US Ex-Clarksons and Axia man to focus on private capital raising in Poten platform boosted by BGC Partners acquisition
Agents losing out due to client bankruptcies, ITIC warns UK club says invoices should be submitted to principals as soon as possible
Terntank strikes again for dual-fuel tankers able to run on LNG and biogas Sweden's Terntank has ordered two dual-fuel handysize tankers in China that will be able to run on liquefied biogas (LBG) and LNG. Swedish owner advocates green vessels at United Nations The 15,000-dwt chemical/product/biofuels tankers will also be fitted with a hybrid battery system, onshore power connection and hybrid bow thruster drive. The pair will be built at AVIC Dingheng Shipbuilding t
Bolsonaro: 'worst still to come' from tanker spill Brazilian president warns of more oil coming ashore as he sticks to accusation against Greek owner
SeaOwl snaps up Viking and Solstad anchor-handlers French owner acquires Nordic duo to replace older vessels
BW Offshore sells $300m of convertible bonds Oslo-listed FPSO company refinancing with notes sale
BW LPG confirms $9m profit from sale of last two LGCs Singapore owner says 2003-built ships will generate $31m in liquidity
Howe Robinson moves into US dry market with BBT Tradeships takeover UK shipbroker expanding again over the Atlantic
Impairments from failed venture hurt privatisation candidate POSH Soon to be de-listed Kuok-backed OSV player hurt by financial exposure to POSH Terasea
Affinity: Big ship prices set to rise on China yard merger Owners can no longer look forward to competition between Chinese yards on pricing, says broker
BTIG's Lewis raises expectations for crude tanker quartet BTIG's Greg Lewis has bumped up his price target for four crude tanker owners as rates appear to be settling well above breakeven rates. Only owners' greed will stop VLCC rates hitting $300,000 In a note published after the close Monday, he upped International Seaways target to $40 from $30, Nordic American Tankers (NAT) to $8 from $4 and Frontline and Euronav to $18 from $12, while reiterating
Cosco Energy Shipping shrugs off U.S. sanctions to report increased revenues and profit COSCO Shipping Energy Transportation (HKEX: 01138; SSE: 600026) has shrugged off U.S. sanctions on subsidiary companies to report a huge jump in revenues and a...
Titanium Transportation has weaker third-quarter results, remains profitable Titanium Transportation Group sees weaker trends in the quarter, but manages to post a modest profit.
Ardmore: 2020 marine gasoil demand to top expectations Ardmore Shipping execs predict the initial IMO 2020 phase will favor more expensive 0.1% MGO.
Panjiva CEO highlights company's evolution around big data Throughout the Digital Age, this data-focused global trade company has found new ways to make data useful.
In change to flat-rate shipping program, FedEx revises packaging rules FedEx looks to allow flat-rate shipping customers to use their own packaging when they tender boxes.
Logistics Managers' Index sees record low, no inventory build ahead of peak season The October Logistics Managers' Index hits record low, suggesting peak shipping season may disappoint.
Trucking operational costs soared 7.7% in 2018 The costs of operating a for-hire Class 8 truck rose 7.7% in 2018, the biggest jump since 2010. It is the highest per-mile cost since...
Cooper Tire & Rubber acquiring sole ownership of Mexican tire plant Cooper Tire & Rubber Co. (NYSE:CTB) recently announced a plan to increase ownership in its joint venture tire plant in Guadalajara, Mexico, from 58% to...
Jury awards $93.6 million to former operator of Port of Portland container terminal A federal jury has awarded $93.6 million to ICTSI Oregon, the former operator of the Port of Portland's Terminal 6, after finding dockworkers engaged in...
Hamburg Airport adopts Fair@Link air cargo platform Hamburg Airport has joined a roster of European airports adopting digitalization of cargo handling
Starship Technologies to deploy 30 delivery robots on UW-Madison campus The UW is Starship's biggest campus client to date.
UPS drone unit makes first revenue deliveries for CVS UPS operates first revenue drone flight for CVS, carrying drugs to customers
Commentary: Taking "forever" to assess safety impacts of liquified natural gas by rail? Shipping liquified natural gas by rail is a controversial topic. Read what Jim Blaze thinks about the idea in his latest commentary.
Roadrunner continues to restructure, sells intermodal unit to Universal Logistics Roadrunner continues to restructure its operations by shuttering another unit. The company announced that it was selling its intermodal operations to Universal Logistics.
Travel Centers of America reports strong Q3 from higher fuel volumes and in-store sales Travel Centers of America reported stronger profits and sales for the third quarter as it added locations and sold more fuel at higher prices. Watch...
Snowfall to cover High Plains, Midwest Several inches of messy snow coming to northern Rockies, Dakotas, upper Midwest. Short-term delays in freight movement.
Turmoil with IMO 2020 implementation in oil markets? OPEC is a lot less worried The impact of IMO 2020 on oil markets is going to be less than projected, at least according to a newly published forecast by OPEC....
Expeditors posts earnings beat as customs brokerage offsets weak air volumes North America has surpassed North Asia (China) as EXPD's highest revenue region.
Commentary: Why are digital freight brokers struggling to solve their Uber-scale problems? On October 29, Bloomberg published an article by Dina Bass, "The 'Uber for Trucking' Tries to Navigate Some Uber-Scale Problems." That was followed by Craig...
FreightWaves LIVE [podcast] Agendas With An Impact and Transparency19's Great Debate On this episode FreightWaves EVP - Events Arlen Stark joins Dooner to discuss how scheduling makes an impact on event attendee experience. Listen in to...
Today's Pickup: Reliance Partners teams with TruckPark to explore impact of truck parking reservations Truck parking is not only a safety issue, but also an issue of driver rest. Reliance Partners, along with TruckPark, is exploring how truck parking...
Commentary: Is the Alaska Railroad on track to the "Lower 48?" Connecting the Alaska Railroad with rail service in Canada and the U.S. is a bold, expensive plan. But it would generate tremendous benefits. Read more...
Teknowlogi automates trucking processes by a mix of tribal knowledge and AI algorithms Teknowlogi uses artificial intelligence models to analyze data in real-time and also advises executives on ways to improve efficiency and maximize process automation.
Bookkeeper pleads guilty to orchestrating elaborate $1.7 million bank fraud scheme A former New Jersey bookkeeper recently pleaded guilty to bank fraud in federal court, admitting she orchestrated an elaborate $1.7 million check-writing scheme using fraudulent...
Are box shipping rate spikes sustainable? Asia-Europe and Asia-U.S. spot freight rates jumped 12-30% last week, but can carriers hold on to the gains?
Gildan closes two textile plants in Mexico, lays off 1,700 workers Gildan Activewear is closing its operations in Mexico and laying off 1,700 employees at two plants in Sonora, the state across the U.S.-Mexico border from...
Electrifying the Bull: Meritor plots its future in electrification Meritor is expanding its Blue Horizon brand of electrified products as it positions itself to be a leading supplier for electric and hybrid vehicle powertrain...
Urals crude loadings from Novorossiisk suspended by bad weather: Transneft Stormy weather has forced a suspension of Urals crude loadings from the Black Sea port of Novorossiisk.
Crude settles higher as market awaits US-China trade deal Crude futures settled higher Tuesday, bolstered by US-China trade deal optimism.
Bunkering operations back to normal at Fujairah after cyclone Kyarr passes Temporary delays were caused by cyclone Kyarr last week.
Neste sells 0.5% S fuel oil in Germany Finnish refinery Neste and German BMT Bunker and Mineraloeltransport have partnered to sell Neste's new 0.5% sulfur fuel oil.
Shipping facing delays in Bosporus on bad weather Shipping was facing limitations in the Bosporus, amid stormy weather.
ANALYSIS: Saudi Aramco raises light crude prices in anticipation of IMO 2020 Saudi Aramco on Monday hiked official selling price differentials for a majority of its crude grades globally.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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