|OCTOBER 10, 2019|
- Top Cosco vice president: Carrier costs are down, its up to logistics to cut expenses
- Samsung Heavy wins US$920m deal to build six 23,764 TEU box ships for Evergreen
- MSC Isabella, biggest ever box ship to call in the UK
- UK freight association urges members to prepare for a no-deal Brexit
- ClassNK warns against dragging out the installation of ballast water treatment systems
- Ports of Long Beach, LA unveil zero-emission big rigs
- YRC Freight and BNSF strengthen intermodal commerce
- Nippon Express to acquire 22pc stake in India's Future Supply Chain Solutions
- ICAO takes important step forward to reduce carbon emissions from aviation
- Ukraine Air Alliance's operating certificate is terminated after fatal crash
- Self-service check-in kiosks for air freight are introduced at Swissport's warehouses
|OCTOBER 9, 2019|
- IMO 2020 seen having significant impact on container shipping
- Low emission methanol-fuelled chemical tanker delivered
- Regulating propulsion power of ships suggested as method to curb emissions
- SCI Chennai employees amplify efforts during Swachhta Hi Seva programme
- Shipping confidence dips as trade wars intensify
- Technology seen as a must for efficiency & profitability in the shipping industry
- Coal shipments up at Major Ports
- SOP with Bangladesh on Chattogram & Mongla ports to reduce logistics cost & time for cargo movement to & from the North-East
- DGTR notifies to start probe on anti-dumping duty on steel after complaints
|OCTOBER 10, 2019|
- Zurich, Cologne and Leipzig: Supplying Europe
- LNG train to be tested in Poland
- DB Schenker expands its logistics capacities
- Nova Systems wins award
- Confidence within the global shipping industry on the rise?
- France: First secure parking wins certificate
- FIS calls air cargo a "positive momentum" for Europe
- Drivers and IT staff drive prices up
- Simpson Spence Young opens office in Dubai
- Port de Sète runs further services by DFDS
- Albatros-Express travels to Rotterdam
- Lemon Queens and Kings freshen up (air) freight business
- Warehouse designed for e-commerce
- "Curiosity of the Day"
- Automotive managers for Street Scooter
- Yang Ming launches CVK service
- Alternatively fuelled trucks for sensitive areas
- Caribbean Airlines: Cargo service to Curaçao
|OCTOBER 9, 2019|
- LSPs could become the new 'heroes' of a changing apparel industry
- Maersk launches Egyptian feeder to help UK shippers while AE2 is suspended
- Volga-Dnepr Group seems set to meet more turbulence as new aircraft arrive
- New Incoterms will affect letters of credit and delivery locations
- Rising noodle sales revives debate on Chinese consumer spending
- Charlotte Bennett appointed Xpediator's first group people director
- Jane Simpson joins Dover Harbour Board
- Tech Q&A: Kontainers' Graham Parker expects huge cost savings as freight tech rolls on
|OCTOBER 9, 2019|
- NYC claims victory against billboard barge company
Today, the New York City Law Department announced the settlement of a lawsuit against Ballyhoo Media. According to the City, the company had repeatedly violated local laws by displaying Times Square-style billboards
- CBO: Navy shipbuilding plan would average $31 billion a year
The U.S. Navy and the nonpartisan Congressional Budget Office (CBO) seem to just count things differently. Inevitably, the CBO finds that the Navy lowballs the estimated costs of its shipbuilding plans. In
- Cargill, Maersk Tankers and Mitsui collaborate to cut shipping GHG emissions
Moves to cut shipping's emissions of global greenhouse gases (GHGs) continue to gain powerful support. Today, Cargill, Maersk Tankers and Mitsui & Co said they have established a strategic collaboration to accelerate
- Bourbon: Banks make takeover offer
A company owned by a group of French banks has made a takeover offer for Bourbon Corporation. As we reported earlier, the offshore services giant sought restructuring protection from the Marseilles Commercial
- MAN and Kongsberg ink MOU on common data infrastructure
MAN Energy Solutions has signed an MOU with Kongsberg that will see it investigate the possibility of using Kongsberg Digital's data-infrastructure solution, Vessel Insight, to securely collect and transmit data using MAN
|OCTOBER 9, 2019|
- Hamburg looks to shore-based power to cut emissions
The port will spend around $83.5m to power up berthed boxships with electricity from 2023
- Malta opens ship registry office in Greece
New office opens in the Maltese embassy in Athens
- No-deal Brexit threatens UK's maritime legal standing
While the future relationship between the UK and European Union is still uncertain, leaving the EU without an agreement may...
- Cargill joins Maersk Tankers and Mitsui for decarbonisation project
The three companies will collaborate to utilise existing technology and develop new decarbonisation devices as they push the climate change...
- Cosco Shipping woos forwarders as it clarifies end-to-end strategy
Cosco Shipping thinks the idea that a few big fish can go about removing all the smaller players that currently...
- Boxship upsizing continues apace
On the Asia-northern Europe trade, average capacity has increased to more than 16,000 teu and will likely rise to closer...
- Innocent passage under threat, says Ecsa chief
'We are seeing an increase in states using innocent ships and seafarers for political purpose. The European Union should be...
- Hong Kong's LNG terminal will have capability to supply bunker vessels
Hong Kong's FSRU is set to begin operations in 2021 and time is running out if parties plan to start...
- Okeanis buys two suezmax newbuilds from Kyklades
Okeanis will spend almost $130m to buy the two scrubber-fitted vessels from its chief executive's private company
- Registry calls for review of IMO's casualty investigation code
Liberian registry's chief operating officer Alfonso Castillero says blame should not be aimed squarely at flags or owners for failing...
- Novatek considering Arctic LNG transhipments owing to US sanctions
Novatek's Arctic LNG export facility is currently serviced by Cosco-affiliated vessels
- Boxship sector faces IMO 2020 liquidity calls
Larger boxship players, which are better-placed to pass on higher fuel costs through bunker adjustment factors, may still need the...
- Daily Briefing
Free to read: Gasoil demand linked to IMO 2020 to push oil prices higher | Weak box peak season laid...
- A&R Logistics partners with US ports to cope with booming export trade in resins
Construction and development are under way, with a completion date forecast for the fourth quarter of 2020. But completion of...
- Petronas secures LNG offtake deal with South Korean power producer
South Korean gas users are now importing LNG directly instead of sourcing the fuel from Kogas
- ExxonMobil's joint venture signs on JGC consortium for Rovuma LNG
ExxonMobil has said it will spend $500m on the initial construction phase of Rovuma LNG, which is scheduled to come...
- DP World completes phase one at Ecuador's Posorja container port
DP World is responsible for the design, financing, construction and operations of the facility for a period of 50 years...
- APL steps up rail departures from Los Angeles
Previously exclusive to shipments on APL's Eagle Express 1, the Eagle Reach Guaranteed rail delivery will be extended to the...
|OCTOBER 9, 2019|
- US-China trade war drags air cargo down
- Port alliance aims to reverse Hong Kong volume slump
- California court rules ABC test applies retroactively
- Collaboration drives LA-LB truck turn times to near six-year low
- NEXT Trucking plans move to zero-emissions fleet
- DP World aims to speed India's JNPT truck flow via automation
- Asia sourcing diversity means boost in trade flows
- Analysts: Prepare for pricier container shipping
|OCTOBER 9, 2019|
- DryShips shareholders approve plan to go private
DryShips' investors have shown strong support for George Economou's plan to take the diversified owner off Wall Street, approving it by an overwhelming majority. Almost all 77.8 million voted shares - 98.8% - represented by 90% of all stakeholders on Wednesday approved the previously announced plan of merger entered into 18 August 18. SPII Holdings, privately owned by DryShips chief executive Ge
- Dry bulk shipping sees higher US soybean exports this year
"Too early to call the season a success", Bimco chief analyst Peter Sand says
- Horizon and Kotug launch Canadian joint venture
Horizon Maritime and Kotug International are joining forces to provide tug and terminal services in Canada. The two companies announced the joint venture, called Kotug Canada, Wednesday. "We are very pleased to partner with the world leaders in sustainable marine towing operations, combining our local experience and expertise to offer Canadian customers a top-notch level of towage services," sai
- Detained North Korean bulker sold to mystery buyer
The US has sold a North Korean bulker detained in April - but won't say who bought it or for how much. The 27,881-dwt Wise Honest (built 1989) was sold 12 September, according to the US Marshals Service, and was towed from the port of Pago Pago in American Samoa Tuesday. "The US Marshals held a sealed bid auction for the seized vessel" from 31 July to 9 August, a service spokesperson said Wednes
- Hapag-Lloyd accuses Chinese company of abandoning cargo
A second shipping company has taken Shanghai-based CTS International Logistics to court, accusing it of abandoning dozens of containers in Hong Kong. Hapag-Lloyd filed a $1.8m lawsuit in Los Angeles federal court Monday. The German line operator's lawyers alleged Chinese government-linked company arranged for the German company to transport of 76 containers reportedly filled with copper ingot fr
- Financier challenges bulker sale amid month-long standoff
Four vessels in the fleet of Swiss owner change hands, but one transaction is under fire because the ship allegedly went to an affiliate
- Michael Webber lays out his LNG deck on marine midstream part of chain
Rising utilisation will help buoy up freight rates, analyst says
- VLCC earnings reach 11-year high despite return of Cosco
Crude tanker rates enjoy further hikes with US sanctions on Iran and Venezuela creating short-term imbalance
- Bulker stocks rise amid China trade deal news
Bulker stocks have taken an upward swing amid news Wednesday that China may be open to a trade deal if the US stops implementing more tariffs. The Asian country would accept a partial deal if President Donald Trump ceases the taxes on Chinese imports, Bloomberg has reported. Since the trade tussle's early 2018 beginning, US has imposed tariffs on $550bn in Chinese imports while China has taxed $
- CMA CGM at vanguard of liner gas charge
French giant leads pack with more than 20 vessels as lines turn to gas
- Teekay Shuttle Tankers is first Western company to complete green bond placement
Teekay Shuttle Tankers (TST) has become the first Western shipping company to complete a placement of green bonds, which will partly finance four newbuildings. Teekay eyes first western green bond issue for newbuilds as capital hunt steps up Teekay Offshore exercises shuttle tanker newbuild option The Oslo-listed company today placed $125m in senior unsecured green bonds, which will be listed o
- Dr Peters down to last tanker as Moundreas swoops for VLCC
German vessel fetches $22m from Greek owner as tanker sales continue in hot market
- TradeWinds survey: main bunkering hubs well prepared for IMO 2020
In January 2020, 18 of the world's largest bunkering ports generally can supply HSFO, MGO and LSFO, according to a TradeWinds Knowledge survey
- Grimaldi: shipyard talks for ropax duo are 'very advanced'
The Grimaldi Group is set to raise its newbuilding programme to 19 ropax, ro-ro and pure car and truck carrier (PCTC) vessels. Italy's largest shipowner will shortly place orders for two new ice-class ropax vessels, managing director Emanuele Grimaldi told the Euromed convention in Sicily. Grimaldi blasts speculation by refiners ahead of IMO 2020 Talks with three shipyards that are interested i
- Hoe Leong plots shipping exit as it sells OSV duo
Singapore-listed group offloading vessels as part of restructuring deal with lender UOB.
- Oltmann linked to Performance boxship buy
German owner said to have acquired Greek owner's ship in $20m deal
- Mitsui joins Cargill and Maersk Tankers to trial green shipping technologies
The collaboration ultimately aims to produce its own off-the-shelf solutions that can be used by others.
- Norway heads to court over Tsakos tanker collision
Trial next year will decide who bears responsibility for catastrophic accident that sank frigate
- Ship blazes need legal response to be stopped - Grimaldi
Italian owner argues rules are needed for dangerous cargoes in containers and tests on batteries in electric cars
- Shipping equities to hibernate for some time yet, owners say
Heavyweight owners are singing the blues about the current state of their affair with equity markets
- Cyprus celebrates shipping prowess but threats lurk
As island expands its maritime hub, costs are rising and old problems with Turkey fester
- TradeWinds study: Shell most aggressive in decarbonisation among charterers
Energy major is assembling a chartered fleet of at least 18 tankers that can run on LNG
- Grounded car carrier's hull insured for $87m
Golden Ray's insured value exceeds market value, according to analysts
- Canopius-AmTrust syndicate merger creates top-five force
Canopius' market share at Lloyd's of London speciality market has been expanded by the consolidation of two major underwriting platforms
- Don Harrell re-emerges at Willis Re as underwriters find jobs in market rebound
Leading marine specialists who found themselves out of work in market cutbacks are back
- Ex-Eimskip CEO tries to end antitrust probe after nine years
Gylfi Sigfusson fails in first attempt to halt investigation he claims has violated his human rights
- No crew found in Bourbon Rhode search after 'distress' signal
Vessels investigate source of signal to no avail following anchor-handler sinking
- Passengers protest on NCL cruiseship
Cancelled trips and unsanitary conditions prompt furious passengers to take action
- EA Technique reveals order for tanker trio
China's Ningbo Zhenhe and its own yard building vessels for Petco contract
- Chief officer dies after mooring line snaps
Another seafarer injured during accident on cargoship in Spain
- Okeanis confirms declaration of Alafouzos suezmax options
Oslo-listed owner pressing ahead with tanker order at Hyundai Samho
- Banks offer to take over restructuring Bourbon
Shares suspended in Paris until commercial court completes analysis of options for OSV company
- Hafnia 'contemplating' listing on Oslo Stock Exchange
BW Group-controlled owner has retained financial advisors, but releases few other details
- Malaysia's Kasi targets LNG bunkering vessel simulator training
Sabah-based company looks to take advantage of growing fleet of vessels in Asia
- Carnival breaks ground on Japan's 'first cruise terminal'
Sasebo facility set to open in middle of 2020 under 20 year deal with cruise giant
|OCTOBER 9, 2019|
- John Larkin switches gears to private equity (with video)
A veteran investment banker in the transportation & logistics sectors, Larkin changed his focus to private equity.
- Super Typhoon Hagibis still eyeing Japan this weekend
Supply chains in Tokyo Bay, surrounding areas may come to standstill as Super Typhoon Hagibis approaches.
- General Motors lays off another 615 workers at two auto factories in Mexico
The United Auto Workers (UAW) strike against General Motors (GM) continues to take a toll on its Mexico-based facilities. GM announced October 7 it was...
- Choptank and Syfan: Trucker Tools improved visibility at an affordable cost
The visibility solution takes workload off the brokers and Smart Capacity lets them cover freight faster.
- Week 40 picks up where third quarter left off
Carloads on the railroads remained under water in the first week of the fourth quarter 2019. Intermodal weakness will be in the spotlight as third...
- Arkansas trucking company owner charged in human trafficking case
The owner of an Arkansas-based trucking company has been charged with rape, patronizing a victim of human trafficking and sexual indecency with a child, according...
- American Airlines to resume Boeing 737 MAX service in January
American Airlines [NYSE: AAL]said it expects to begin phasing in the Boeing 737 MAX into service by mid-January, nearly nine months after aviation authorities grounded...
- Shift to first
Influential Woman in Trucking finalist Jodie Teuton is the first woman to chair the American Truck Dealers Association.
- Trump administration to consider mirrorless trucks
DOT safety group seeks comment on replacing rearview mirrors with cameras.
- CBP grounds import of fake Air Jordans
Customs and Border Protection officers said the counterfeit footwear, which was recently seized at the L.A./Long Beach seaport complex, was mis-declared as "napkins."
- Commentary: What opportunities exist for tech startups in food supply chains?
Since writing about the challenges ahead for food supply chains, I have been thinking about how perishable foods and other items are transported from one...
- ATA's Spear sees other ways to pay for infrastructure in the next decade
The American Trucking Associations urges a federal fuel tax increase to pay for infrastructure improvements, but ATA President Chris Spear sees that approach evolving in...
- Freight Futures daily curve: 10/9
Freight futures looking beyond the East region for some direction on Tuesday.
- UPS widens net in new partnership to reach small to midsize retailers
Shippo's 35,000 businesses can now easily create an account with UPS and those customers can receive its discounted daily shipping rates of up to 55%.
- Port of Los Angeles OKs report for West Basin Container Terminal
Port of Los Angeles approves environmental plan for terminal that accounts for 17% of its container volume.
- IATA: Slowdown in airfreight demand accelerated in August
The International Air Transport Association said Wednesday that overall global demand for airfreight declined at a faster rate in August than July, contracting 3.9% compared...
- Major snowstorm plowing through northern Rockies
Early season heavy snow, blizzard conditions slamming northern Rockies, northern Plains for next few days.
- EC investigating Boeing-Embraer joint venture
Deal is clone of Airbus-Bombardier tie-up
- Today's Pickup: 'Stink fruit' cargo spoiled an Air Canada flight
Pilots donned oxygen masks and returned to Vancouver after shipment of durian filled the 767 with the fruit's notoriously noxious aroma.
- UPS to add 6,000 natural gas vehicles over next 3 years
UPS will add 6,000 natural gas vehicles over the next three years as part of an agreement with Agility Fuel Solutions, which will supply the...
- Analysts lowering estimates heading into earnings season - what to watch for
Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many...
- TMS or MTS? Why shippers no longer have to choose
At one point, if companies wanted goods to move, they had to either invest in an expensive transportation management system, or turn over their operation...
- Beyond Stevens, a report lays out tough times for drivers operating in Permian Basin
New pipelines are proving bad news for truckers, according to this RBN Energy report.
- Port Report: Resin exports to grow with new Charleston warehouse
Houston still the main gateway for resin shippers, but other Southeast ports growing as well.
- Truckstop.com and Schneider complete 'Book It Now' pilot
Brokers will be able to offer core carriers guaranteed freight and rates at the click of a button.
- China establishes yet another freight train route to Europe that is over 7,000 miles long
The Chinese city of Yiwu has announced a new freight train route to Belgium's Liege, with trains expected to finish the journey in about 20...
- 2 U.S. plants to become victims of Continental's transformation
Continental AG released its strategy to ensure its sustainability for future generations, and it involves closing several plants over the next six years, as it...
- BiTA welcomes logistics real estate leader Prologis
Prologis, the global leader in logistics real estate, has joined the Blockchain in Transport Alliance (BiTA).
- All in the family
AGT Global Logistics founder Angela Eliacostas credits the success of her company to values ingrained in childhood.
- Rush Enterprises appoints Elaine Mendoza as first female board director
Rush Enterprises Inc. (NASDAQ: RUSHA) recently announced the appointment of Elaine Mendoza as a new independent member of its board of directors. Mendoza becomes the...
- Truckstop.com loads, capacity now available within Axele system
Users of Axele by Optym now have access to Truckstop.com's loadboard within the Axele system thanks to a new integration.
- Maersk: Shippers will only pay for IMO 2020 'cost recovery'
Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.
|OCTOBER 9, 2019|
- External: Global Risk Management
- Spanish Repsol's Q3 oil, gas production rises 3% on year to 712,000 boe/d
- Yamal LNG tankers impacted by US sanctions 'operating normally': Novatek CFO
"It is up to the owners of the tankers to resolve the issue," Gyetvay said.
- MARINE FUEL ROUNDUP: Evrasia Bunker to supply 0.5%S at Novorossiisk in Nov
This comes as the IMO 2020 rules is less than three months away.