|OCTOBER 8, 2019|
- US shippers file lawsuits against big rail alleging price-fixing
- Eurogate, Contship Italia sign up to develop Damietta terminal
- Cosco parent exits London-based marine insurers due to sanctions
- ABB to power autonomous vehicles at Singapore's new Tuas port
- Survitec increases its lifeboat capacity for Shell UK by 22pc
- Hapag-Lloyd adopts Portchain software to improve schedule reliability
- Federal Maritime Commission splits World Shipping Council exemption
- North American rail freight volume down 4.8pc in September
- America's big private LTL trucker moves billing to DDC Intelligence
- Airbus, EU warn of dire consequences if US imposes WTO tariffs
- MASkargo starts halal service targeting Shariah-compliant market
- China's Sinoair uses Freightos WebCargo for booking online
|OCTOBER 6, 2019|
- FIATA updates model rules on freight forwarding services
- Maersk empowers small & medium enterprises in Odisha with new trade opportunities & simplified cargo movement
- NYK celebrates 134th anniversary in challenging environment
- Online technology platforms seen improving vessel utilisation levels & reducing freight rate volatility
- India records double-digit increase in income from tea exports till Aug.
- Limited trade deal with India could be signed quickly: US Commerce Secretary
- Shrimp farmers join Walmart's blockchain pilot for exports to US
- Mansukh Mandaviya attends 3rd Annual Award Function & inaugurates seminar on Furniture Park at DPT
- Port of Rotterdam Authority introduces track & trace containers
- Transporters' stir at JNPT called off
- Work of solid waste processing facility at JN Port awarded under Swachhta Pakhwada
- G2B MoUs signed between India & Bangladesh
- Govt determined to bring economic growth to 7-8 pc, says Minister
- Repo rate cut welcomed
|OCTOBER 8, 2019|
- Switzerland: 95% of the cargo will stay on the rails
- American Airlines Cargo transports a true cosmopolitan
- Drewry forecasts further drop in global container volumes
- First cargo handler receives Iata CEIV Fresh certification
- Ghent: Twelve new rail hinterland destinations launched
- Tex Americas Center inks deal with bulk transfer facility
- Robert Van de Weg joins ECS Group as CCO
- Northern Sea Route traffic perks up - in LNG
- Italian forwarder offers new groupage services
- GBP 1 million investment in infrastructure
- Renault Trucks (Switzerland) strengthens key accounts
- Etihad Cargo introduces winter network
- K Line goes for artificial intelligence
- Improving traffic flow between Mombasa and Nairobi
- DP DHL Group plans to expand its packstation network
- "Curiosity of the Day"
- New general managers in Belgium, Sweden and Denmark
- Component support for China Cargo Airlines
|OCTOBER 7, 2019|
- Grim outlook for carriers: Drewry cuts box shipping growth forecast again
- FTA: Brexit won't help shortage of logistics workers and truck drivers
- Another trade route for Bangladesh with new Biman flights to Manchester
- Malaysia must seek new markets as global tensions impact trade
- DSV Panalpina targets further M&A activity in the road sector
- How strong is the digital traction in container shipping?
- Nassim Aouana to head Bansard aeronautical launch
- Supply chain radar: Asian private equity house MBK prepares to sell Apex Logistics
- Supply chain radar: CH Robinson & DP-DHL - structural issues, morphed into fancy headlines
|OCTOBER 7, 2019|
- Laborde Marine adds two crewboats to managed fleet
New Orleans based Laborde Marine Management, LLC has assumed the management of two crewboats owned by Boat Services of Galveston, LLC, effective October 1. With the addition of the 150 ft Ms,
- Autonomous shipping alliance appoints a new Chairman
One Sea, an industry alliance that aims to lead the way towards an operating autonomous maritime ecosystem by 2025, has appointed Riku-Pekka Hägg as Chairman of its Management Board. H'gg will oversee
- VIDEO: Fireboat for Kuwait is packed with innovations
A FireStorm 50' fireboat delivered by Kingston, Ontario, headquartered MetalCraft Marine Inc. (MCM) to the Kuwait Fire Service Directorate incorporates the very latest in technology available for fire fighting and search and
- Louis-Dreyfus welcomes moves towards ship speed reduction
When IMO's working group on the reduction of greenhouse gas emissions from ships meets in London next week, proposals before it will include measures to either put limits on ship speed or, as
- Mavericks purchases seven Ingram Barge harbor boats
Mavericks Towboat Solutions has purchased seven harbor boats from Ingram Barge Company in the St. Louis harbor. Mavericks is a joint venture between Inland Marine Service (IMS) and James Marine and this
|OCTOBER 7, 2019|
- Tanker rates run continues as earnings climb 10%
Average time charter equivalent earnings for the fleet of some 779 very large crude carriers have tripled since the September...
- Navigare launches $300m maritime fund
Navigare ties up with Danish pension funds for the second time after its first effort yielded $1bn in charter contracts
- Nakilat takes control of four LNG carriers
Qatari LNG outfit Nakilat has acquired full ownership of four Q-Flex liquefied natural gas carriers from joint-venture partner International Seaways...
- Intercargo says uncertainty dominates sulphur cap outlook
Fears are growing that the blanket application of the 2020 sulphur rules is too draconian and clumsy a measure for...
- UK supply chain faces $18.5bn annual costs rise from hard Brexit
Latest assessment finds there will be one-off costs to businesses that currently trade only with the EU who will need...
- Gothenburg issues Brexit customs warning
No need to panic, says port authority chief, as Gothenburg insists that customs clearances will have to be obtained before...
- Rotterdam introduces track and trace app for containers
Drawing on status information from vessels and inland and deepsea terminals, Boxinsider can track containers and determine expected and actual...
- Tanker rates soar as two-tier market evolves over sanctions exposure fears
Suezmax rates are averaging the highest in more than four years, while very large crude carriers are attracting record sums...
- Globe promotes Dymond to head of marine
Globe Underwriting, the UK-based managing general agent, has promoted David Dymond to head of marine and transport following the retirement...
- Digital service providers begin to gain traction
The digital transformation of the container shipping sector is gaining pace
- Willis Re appoints Don Harrell as chief operating officer
Harrell joins from Aspen Insurance, where he was head of international insurance and active underwriter of its Lloyd's Syndicate 4711
- Keppel and Sembcorp settle with Sete Brasil over rigs
Keppel O&M and Sembmarine now stand to move on from a protracted overhang clouding their orderbooks since Sete Brasil turned...
- VLCC earnings hit $100,000 as sanctions bite
With heightened geopolitical risk and improved market sentiments, brokers expect the market to remain strong throughout the winter and into...
- Containers throughput growth forecast cut by Drewry
Growth forecast eases back to just 2.6% as sector faces increasing threats
- Eastern Pacific supersized its dual-fuel LNG boxship order to 22 ships
Idan Ofer's speculative order of 15,000 teu LNG dual fuel ships was significantly bigger than initially thought. In addition to...
- First Gen plans FSRU lease for LNG
An FSRU lease starting from early next year may help mitigate gas supply risk as the Malampaya field nears the...
- Exxon to finalise LNG investment in Mozambique
ExxonMobil's Rovuma LNG is even larger than the Mozambique LNG project that Total SA now leads, after last month acquiring Anadarko Petroleum...
- Eastern Pacific commits to dual-fuel push with hires
The announcement follows the launch of the group's MaritimeTech Accelerator programme
- Eagle LNG gets US approval to export LNG
Eagle LNG, a small-scale liquefied natural gas developer, aims to export LNG and supply the commodity to the marine fuel market...
- Daily Briefing
Free to read: Thailand eyes LNG bunker possibilities | Golden Week holidays cast shadow over capesize chartering | The Lloyd's List...
|OCTOBER 7, 2019|
- STB urges cooperation on rail demurrage issues
- New gates help slash Mobile port turn times
- JNPT truckers end two-day protest, but backlogs persist
- Customs investigating hardwood plywood allegedly transshipped via Cambodia
- Transplace aims to inject speed, transparency into freight payment
- Portrix tie-up advances Xeneta's forwarding software integration
|OCTOBER 7, 2019|
- IMO 2020: 'positive hurricane' or cold shower?
Shipowning pundits debate emissions-deadline effect as first TradeWinds International Shipping Forum in Bermuda gets underway.
- International Seaways sells stake in Nakilat LNG joint venture
Qatari gas carrier Nakilat has bought out partner International Seaways' 49.9% stake in an LNG joint venture for $123m in cash. The joint venture owns four 216,200-cbm Q-Flex LNG carriers: Al Hamla, Al Gharrafa (both built 2008), Al Gattara and Tembek (both built 2007). The vessels' combined book value was $116m as of 30 June, according to International Seaways' (INSW) second-quarter results thi
- St Lawrence Seaway traffic unimpeded by bulker grounding
Vessel traffic in the St Lawrence Seaway is moving freely despite a Canada Steamship Lines (CSL) bulk carrier running aground Sunday night while underway to Quebec City. The 35,400-dwt Rt Hon Paul J Martin grounded about 1.2 miles from Cardinal, Ontario, while carrying iron ore, the Canadian owner said. "Traffic is moving," St Lawrence Seaway Development Corp spokesman Christopher Guimond told T
- Medmar debt chase lifts veil on collapsed Greek operator
Documents claim Donald McTaggart had been seeking shipowner role outside of Medmar structure
- Chandris scores premium for scrubber-fitted suezmax
Total takes the 158,000-dwt Serenea on charter for two years
- Shipping should focus on what is possible in march to decarbonise
The zero-carbon goal is still a dream, but exploring realistic technology might drive real cuts in emissions
- Drewry downgrades boxship outlook as 'mood music' changes
Analyst more pessimistic on demand growth over the next five years
- Eagle Bulk secures extra $34.3m loan for scrubbers on new ultramaxes
Eagle Bulk has upsized an existing loan by $34.3m, part of which will be used to fund scrubber installations on three recently acquired bulk carriers. Eagle amends possible share resale tied to $750m shelf listing The extra financing has been added to an existing five-year senior secured term loan provided by a syndicate of six lenders to Eagle Bulk Ultraco, a shipowning subsidiary of the Nasda
- Louis Dreyfus: 'inconceivable' IMO will not act on slow-steaming
French shipping company says measures absolutely necessary to reduce environmental footprint
- EU wants open-loop scrubbers discussed, and quickly
Scrubber issue remains at the forefront, setting agenda at Maritime Cyprus conference
- IMO chief admits to concerns over fuel availability come January
Availability of low-sulphur bunkers may not be guaranteed on some trade routes, the head of the International Maritime Organization (IMO) said on Monday. "There might be some challenges" for shipping companies active in the north-to-south trades, IMO secretary general Kitack Lim said at the opening of the Maritime Cyprus conference in Limassol, less than three months after the sulphur cap is bein
- Victory for war risk underwriters in $77m 'scuttling' trial
High Court judge says fire that claimed loss of suezmax Brillante Virtuso was deliberately caused
- Hyundai group yards continue to rake in the MR orders
Shipowners are opting for low-sulphur fuel oil
- SSY opens up in Dubai for bulker push
UK shipbroker recruits Maersk Broker's Dubai chief for new chartering drive
- CJC adds legal quartet in London
Boutique shipping law firm expanding with new hires in transactions and finance
- Handysize tanker becomes Inglessis outfit's first buy
New Greek owner Alberta Shipmanagement makes its maiden acquisition after separation from Samos Steamship
- Paschalis Diamantides adds LR1 but avoids treading on dad's toes
Velos Tankers' fledgling fleet expands further while steering clear of markets where father Diamantis is active
- Robert Maersk Uggla creates new maritime fund with Danish pension investors
The new fund hopes to capitalise on the "attractive" pricing it sees for new and secondhand vessels at present.
- Trafigura clinches upsized $1.5bn finance deal
Trader and shipowner seals over-subscribed funding with 27 banks
- ADM fails to overturn tribunal award in Oldendorff charter row
Charterer was wrong to cancel bulker agreement because notice of readiness was within agreed time frame
- India may have to divide to conquer SCI sale
Diversity of fleet may hinder disposal of state stake in shipowner
- 'Water increasing': last messages from lost Bourbon ship revealed
Croatian media publish transcripts of satellite communications sent by missing Bourbon Rhode master.
- Eastern Pacific hires Seaspan, BP and Teekay trio for dual-fuel push
New innovation officer, technical director and gas fleet manager hired in Singapore
- Choice Shipping offers tanker for scrap sale
Seychelles company puts veteran vessel on auction block.
- Kyoei Tanker signs up for VLCC newbuilding
Japanese shipowner's large tanker newbuildings are locked into long-term charters
- Shipping far from ready for IMO 2020, says Intercargo
Tramp operators in particular are still reeling with uncertainty, says dry bulk shipping association
|OCTOBER 7, 2019|
- Port Report: break bulk markets squeezed by ports and alternative competitors
Break bulk is a shrinking market. Pure-play break bulk operators are being squeezed as governments and seaport operators boost local infrastructure. Meanwhile non pure play...
- Manufacturing index signals slower freight market this winter
- Southwest pilots sue Boeing over 737 MAX grounding
The Southwest Airlines Pilots Association on Monday sued The Boeing Co., [NYSE: BA]claiming the manufacturer engaged in fraud and that the grounding of the 737...
- Stevens Tanker Division closes and eliminates 586 jobs across Texas
Dallas-based Stevens Tanker Division has notified the state of Texas it will cease operations by October 15. The closure will permanently affect 586 jobs across...
- U.S. freight railroads file lawsuit against rail workers' union over train crew size
The railroads say the union refuses to negotiate on train crew size as both sides prepare for a new collective bargaining agreement.
- Independent truckers speak out on National Mall
"10-4 DC" rallies against regulations they say will run them off the road.
- Typhoon Hagibis could slam Japan late this week
"The wind speed increased by 100 mph in only 24 hours." Monster typhoon close to U.S. territories, heading toward Japan.
- Nuveen Real Estate buys $3 billion U.S. industrial portfolio from Blackstone
Nuveen Real Estate acquires 100-property US logistics portfolio from Blackstone
- Manitoulin buys another U.S. freight-forwarder
Canadian transportation and logistics firm acquires Miami-based Demark Global Logistics, increasing its reach on the East Coast of the United States.
- ATA prepares to fight outsized legal awards against truckers
The American Trucking Associations is gearing up to fight against multimillion-dollar legal awards against truckers and their employers who are not at fault but blamed...
- Surface Transportation Board issues decisions on demurrage and accessorial charges
The proposed actions address major rail shipper complaints voiced to the Board earlier this year.
- Intermodal freight continues shift to East Coast, benefiting trucking
Trucks are competitively priced on East Coast lanes and offer better service than the railroads.
- Freight Futures daily curve: 10/7
Volatile start to Freight Futures last week ends quietly; Regional trends emerge.
- Today's pickup: Fool on for the final mile; IMO 2020's long reach
The Motley Fool discovers last-mile logistics. IMO 2020 will impact logistics warehousing footprint, JLL says
- Commentary: U.S. ports and the trade war
At the center of the Trade War between the U.S. and China are the American ocean ports.
- Supertanker rates stratospheric as market 'goes bonkers'
VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China's COSCO.
- Giving voice to women in trucking
Women In Trucking ambassador Kellylynn McLaughlin drives to impact change for everyone in the industry.
- Snowstorm returning soon to northern Rockies, Plains (forecast video)
Heavy snow, wind and delays in parts of the Rockies and Dakotas this week as another early season storm develops.
- Kombucha and coding: NEXT searches for top-notch talent during high growth period
NEXT has all the hallmarks of a modern start-up - conference rooms named after superheroes, kombucha on tap and a couple of friendly office dogs.
- Blockchain unifying public transport payments across Madrid, Spain
Spanish capital Madrid is working on a blockchain-powered transport application that unifies all mobility systems across the city and provides high levels of data security...
- RiverOak seeks to develop UK cargo airport
Private equity firm plans to revitalize Manston Airport.
- Fleet Complete CSO dives into Truck-as-a-Service
Kar believes a driver's relationship with an OEM will no longer end after the sale of a truck. That relationship will continue over the lifespan...
- Survey says driver shortage, driver compensation top trucking industry concerns
Motor carriers and commercial drivers agree on just four of the Top 10 challenges facing the trucking industry, according to the American Transportation Research Institute's...
- Hundreds of driving licenses cancelled as drunken e-scooter riders cause chaos at beer festival Oktoberfest
Reckless e-scooter riders were penalized by the German police for drunk driving in Munich as they left the world's largest beer festival Oktoberfest.
- Comdata debuts OneLook dashboard for improved fuel management spend
Comdata has released a new dashboard that will help fleet managers quickly identify and manage fuel spend.
- Swissport launches self-service air cargo service
Swissport has launched a global initiative to speed up air cargo handling processes at its cargo warehouses by introducing newly developed self-service via kiosks. Swissport's...
- Tomato importers worry new rules at Mexican border to cause delays and higher prices
Tomatoes imported from Mexico could face a supply chain squeeze caused by new regulations finalized in September between the U.S. Department of Commerce and Mexican...
|OCTOBER 7, 2019|
- FUTURES 5: Early rally fizzles as NYMEX WTI settles 6 cents lower
Crude futures failed to sustain an early rally Monday, with prompt NYMEX November WTI settling 6 cents lower at $52.75/b ahead of the release of data showing what looks to be another build in US crude stocks.
- Japan 380 CST bunker premium hits 11-year high amid tight regional supply
"The demand for HSFO has been really good and I have been receiving many spot inquiries originating from South Korea and Hong Kong as well," a trader said.
- Asian middle distillates maintain strength amid uncertain outlook
"Everyone seems to be grabbing cargoes as and when they can," a trader said.