Ingalls expands Shipbuilder Academy program Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division hosted a ribbon-cutting ceremony on Tuesday for its new Shipbuilder Academy site in Gulfport, Miss. The Shipbuilder Academy was established in 2016 at Ingalls'
AIDA Cruises to trial fuel cells on AIDAnova By early 2021, Carnival Corporation's German market brand, AIDA Cruises, aims to be the world's first cruise company to test the use of fuel cells on a large passenger ship on board
"Trade war wreaks havoc on U.S. exporters," says LA port exec The Port of Los Angeles moved 779,903 Twenty-Foot Equivalent Units (TEUs) in September, a 2.7% decrease compared to 2018's record-breaking September. "The ill-advised U.S.-China trade war continues to wreak havoc on American
New risks add to pressures on container market "The mood-music surrounding the container market has deteriorated further in the last three months," says Drewry Shipping Consultants, which has downgraded its outlook for world container port throughput for the current year
Ferry arrives in Scotland after epic delivery voyage Scottish operator Pentland Ferries' new vessel Alfred arrived in Orkney yesterday after completing a 5,481 nautical mile voyage from shipbuilder Strategic Marine's Vung Tao, Vietnam, shipyard that began August 29. Designed by
Finland signs corvette project construction contracts The Finnish Defense Forces and shipbuilder Rauma Marine Constructions (RMC) have now signed a construction agreement for the Finnish Navy's new Pohjanmaa-class corvettes. The agreement, valued at EUR 647.6 million (about $714
Shipyard ceremony marks start of LCS 27 construction Lockheed Martin (NYSE: LMT) and shipbuilder Fincantieri Marinette Marine have marked the start of construction on Littoral Combat Ship (LCS) 27, the future USS Nantucket. In a ceremony at the shipyard, a
Bottiglieri says rates and regulators pushed shipping company to the edge 'We had to face all the proceedings and the competition of other shipowners who wanted to take advantage of situation,'...
Unipec joins Exxon embargo on vessels linked to Venezuela Unipec, the world's largest dirty tanker spot charterer, appears to have halted chartering vessels that have had any business links...
Seafarers concerned over prosecution risks Seafarers' fears include becoming scapegoats in environmental disasters, as the public and media campaign to hold someone to account
Cosco's Piraeus investment plan handed partial approval Fate of proposed new 2.8m teu box terminal extension still hangs in balance
Shippers eye lower contract rates Weak rates present an opportunity for negotiation of base costs, but shippers are warned to expect higher bunker costs
Class NK joins decarbonisation coalition Class NK joins competitors Lloyd's Register and ABS in cross-industry coalition to develop zero emissions vessels by 2030
Forum to consider hazardous cargo concerns Panel of experts from industry and regulators to seek solutions on containership fire issue
LNG oversupply forcing floating storage, says Poten In the short term, a contango market is supporting shipments, while in the long term, demand growth is dominated by...
Viewpoint: Speed or power? Slowing down to save the environment is an easy fix that produces instant results, but it does not encourage the...
Daily Briefing Free to read: Cosco Shipping woos forwarders as it clarifies end-to-end strategy | Registry calls for review of IMO's casualty...
MISC seals two-vessel long-term LNG charter deal with ExxonMobil Delivery of the two vessels, worth $405m, is scheduled for 2023 but no details of the charter contract were disclosed
Deadly pig disease to bog down soyabean trades The fall in volumes from the US and Brazil to China has led to an 8.5% drop from last year...
DryShips to de-list from Nasdaq after Economou buyout approval On closing of the merger, DryShips will become a privately-held company within Mr Economou's private empire and the shares will...
Port of Charleston sees record growth and builds for more The port remains focused on increasing business and investing in its infrastructure, especially the Hugh K Leatherman Sr Terminal now...
Port of Virginia sees 9% growth in September container traffic over last year The port also is progressing with its channel deepening and widening project that will create the deepest port on the...
Global Port Holdings sails into the Bahamas with $250m Global Port Holdings (GPH) has arrived in the Bahamas, having begun operating its first cruise port in the region with plans to run more landings within the vacation paradise. The London-based port operator on Wednesday opened Nassau's Prince George Wharf Cruise Port with plans to carry out a $250m expansion over the next two years. Nassau Cruise Port, a consortium made up of GPH, Bahamas Invest
Liberian Registry opens new office in Japan The Liberian International Ship & Corporate Registry has continued its push into Asia, opening an office in Imabari. The office, its fifth in Asia since 2017, will be run by the registry's Japan president Eiji Okazaki and will handle ship registrations and technical issues locally. Okazaki had been the head of the registry's Tokyo office since its opening. "Opening the Imabari office was a natu
Hudson Shipping Lines joins IMO 2020 enforcement group Hudson Shipping Lines (HSL) has doubled down on its stance against using exhaust gas scrubbers to meet pending IMO 2020 regulations. The US ship operator has joined Trident Alliance, a group of shipping companies focused on ensuring full enforcement of pending IMO 2020 rules. Four months ago, it said publicly that it would boycott scrubber-fitted vessels on the premise that they transfer airborn
T Rowe Price takes pole position in Tidewater T Rowe Price has bumped up its holding in Tidewater, crossing the 10% threshold and leapfrogging into the top spot. The asset manager now owns 3.9 million shares in the Houston offshore player, up from 2.3 million. T Rowe Price now owns 10.1% of all shares, up from 8.6%. It was previously the fourth-largest shareholder behind BlackRock's 2.7 million share stake, Third Avenue Management's 2.6 mi
VLCC earnings near $160,000 per day with charterers in "panic" mode Vessel demand from Chinese players drive up VLCC rates with trickle-down effects in aframax and suezmax markets
SFL looks to sell its $100m stake in Fredriksen sibling Frontline SFL Corp could be looking to divest itself from sibling Frontline in a move that could net the shipping and offshore asset owner more than $100m. John Fredriksen's tanker owner Frontline disclosed in Securities and Exchange Commission filings Wednesday that fellow Fredriksen-backed company SFL might be looking to sell its entire 11 million share stake. Frontline sticks to 10 Trafigura tankers T
Diana Shipping fixes panamax to Al Ghurair Diana Shipping has fixed a post-panamax bulker to Al Ghurair Resources for a year at a rate in line with the market. The Simeon Palios-led shipowner has entered into a time charter contract with the UAE-based company for 98,704 dwt Polymnia (built 2012) at $14,500 per day, for 12 to 14 months. The charter is expected to make about $5.22m of gross revenue for the minimum scheduled period of the t
Egypt orders 12 dredgers and work vessels at IHC Dutch shipyard secures big order from ministry of defence
Panama Canal sees record year for tonnage The Panama Canal exceeded tonnage expectations for fiscal 2019, setting a new record for the globally important waterway. The canal saw 469 million Panama Canal tonnes (PC/UMS) transit for the year ended 30 June, beating the prior year's results by 6.2% and projections for 2018 by 4%. "These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in
Brazil's Enseada files for preventive bankruptcy Shipbuilder seeks protection in Rio with debts of $557m
Vroon: scrapping PSV breaches sales agreement VOS Primrose among several offshore vessels heading for recycling
Gunvor reveals tanker fleet details as profit rolls in Trading giant says it now has 17 ships through joint ventures; calls off refinery sale
Cosco denies Iranian STS involvement as Beijing pushes for sanctions relief Cosco Shipping Energy Transportation says its Dalian subsidiary does not own the CCPC Voyager, suspected to have carried Iranian crude via STS transfers
Average anchor-handler rates hit year-high in North Sea Seabrokers says September's average fixture level was the best so far in 2019
Sea World sells vintage MR tanker in fleet renewal move The Greek tanker owner Sea World Management & Trading has sold its first vessel in the sale-and-purchase market in six years in a deal that contributes to fleet renewal. Brokers in the US said the company has sold the 47,000-dwt Sea Halcyone (built 2001) to an undisclosed buyer. The the Onomichi Dockyard-built tanker has fetched a price of $8.3m. That's somewhat higher than VesselsValue's estim
Ocean Yield buys dual-fuel ethylene carrier from Navigator The LEG carrier will become the third Ocean Yield vessel able to run on ethane.
Container lines opt for 'tandem sailing' Tight market forces lines to take smaller ships to compensate for shortage or larger ones
Lemissoler sells bulker trio from Diolkos arm Cyprus-based Lemissoler Navigation has quietly sold the three supramax bulkers owned by its Diolkos Maritime arm. European brokers said the Diolkos the 56,000-dwt Anogyra (built 2011), Lefkoniko and Leonarisso (both built 2010) have all gone to an undisclosed buyer. The ships were all built at Jiangdong Shipyard in China. Belships offloads oldest bulker with bareboat-sale deal Indonesia report
Chellaram gets 'top dollar' for supramax Hong Kong-based bulker owner Chellaram Shipping has fetched a higher-than-expected price for a Japanese-built, 11-year-old supramax bulker. Belships offloads oldest bulker with bareboat-sale deal IMO 2020: 'positive hurricane' or cold shower? US brokers said the company has sold the 56,000-dwt Darya Mahesh (built 2008) for $12.5m, which is described as a "top dollar" price. VesselsValue says
Danaos Corp resumes growth with post-panamax boxship buy US-listed shipowner makes first purchase in five years, following successful debt restructuring
Hyundai Samho clinches new European VLCC order South Korean yard banking $94m for conventional tanker.
Ariane orders sail-powered ro-ro for rocket transport French group picks VPLP design for new low-impact ship
LNG carrier rates jump again as vessels vanish from market Modern ships blast through the $100,000 per day market with expectations of further rises to come
Broker brought in to sell Remontowa's Arctic newbuildings Two new former Royal Arctic Line multipurpose boxships offered for $13m each
Greek banks gain EU approval to offload €80bn in bad loans The state has guaranteed to help Hellenic lenders unload oodles of bad loans in a project code-named Hercules.
Greek insurance broker Andreas Karaindros dies Legendary insurance man passes away after long illness
PV Trans steps in as AET scales back small chemical tanker fleet Vietnamese operator looks to Malaysia for more tonnage
Horses and umbrellas: seafarer superstitions still prominent Ostensjo Rederi officers unpick the origins of some strange beliefs common among crews
H Schepers prepares to exit market with sale of last ship German shipowner reaches the end of the line after 51 years
Is seven-year, $77m Iliopoulos 'scuttling' case finally at an end? Appeal or criminal probe appear unlikely after High Court ruling, but questions remain unanswered
Game is finally up for small-cap stocks after five years in desert Painfully poor returns mean a whole class of small capitalisation public shipping companies face tough choices due to a dearth of investor interest
LNG cargoes set to keep rolling out in oversupplied market Project sanctions hit new heights with South East Asia a key focus for sales in the longer term, Poten says
Shell returns to the market for slew of LNG carriers Energy major keen to home in on one yard in effort to get the best deal on newbuildings it requires
Affinity is right: Big Oil needs to stand behind LNG as a fuel The industry does not want to wait for a zero-carbon solution to emerge
MISC orders $405m LNG carrier double for ExxonMobil charter Malaysian owner picks Samsung Heavy Industries for new gas ships
71 days: the inside story of the Stena Impero seizure Stena Bulk chief executive Erik Hanell reveals the 'controlled chaos' and concerns behind the scenes as the Swedish shipowner's tanker became embroiled in the summer's simmering geopolitical tensions
Tufton Oceanic pounces again with $8.75m boxship buy UK owner spends more of its share-issue windfall
Sasol finances first South African-owned chemical tanker Energy company says deal is significant investment into localising and diversifying its supply chain
TMS Cardiff Gas LNG carrier quartet up for grabs A quartet of five-year-old LNG 'carriers from Greek shipowner TMS Cardiff Gas' fleet is being 'offered around the market for sale. Industry players and brokers named the tri-fuel diesel electric (TFDE) vessels as the 160,000-cbm sisterships Corcovado LNG, Kita LNG, Palu LNG and Yari LNG (all built 2014). TMS Cardiff's 'opportunistic exposure' to spot lays foundation for long-term approach They
Gibraltar puts German boxship up for auction Admiralty Marshal to take bids for Spica on 30 October
Anglo International strikes another bulker deal with Kambara Kisen Anglo International Shipping is expanding its fleet with a seven-year-old post-panamax bulker from Kambara Kisen of Japan. Brokers said the company has purchased the 98,700-dwt Jo Jin Maru (built 2012) for $19.8m. Training is no game as increasing autonomy trickles into shipping The Tsuneishi Group (Zhoushan) Shipbuilding-constructed vessel is due for special survey in June 2022, and the price
Woodside Energy zones in on provider for LNG bunker vessel Australia's Woodside Energy has selected a preferred shipowner for its planned LNG bunker vessel. Those working closely with the project declined to name the owner involved, but others in the wider industry pointed to Dutch shipowner Anthony Veder as the company left in the running for this project. BHP: LNG bunkering will see 'quantum leap' The LNGBV is understood to be advancing on the back o
Singaporean bunker players take delivery of Brightoil ships Six tankers that were put up for auction in Singapore last month have been sold
DFDS agrees cold-ironing initiative with Copenhagen port CMP joins growing number of ports offering plug-in power sources for passenger ships
POSH buys out stake in Asia-focused harbour services firm Singapore offshore vessel operator ends 15-year relationship with Sembcorp Marine subsidiary
Vacuum cleaner mogul ditches electric car project British billionaire James Dyson has abandoned his dream of building an electric car.
Worldwide parcel volume to hit 200 billion by 2025: Pitney Bowes Global parcel activity will hit 200 billion a year by 2025, Pitney Bowes report predicts
Ocean Rate Report: Tanker rates just soared past $150,000/day Crude-tanker rates have now reached levels not seen since before the global financial crisis.
Fava aims to take FreightWaves global After a successful tenure with a startup freight forwarder, Fava is excited to start a new chapter at FreightWaves.
Shippers remain in control of pricing power as carrier sentiment rebounds This Week's Pricing Power Index: 30 (Shippers) Last Week's Pricing Power Index: 30 (Shippers) Three-Month Pricing Power Index Outlook: 50 (Balanced) The trucking industry operates...
Kenco works to prove the value of technological investment with real-world test lab When it comes to technology, it can be difficult to differentiate between a good investment and a waste of money.
Shared moped startup raises $27.6 million and dodges gig-workers Since 2018, Revel has expanded its fleets into Brooklyn, Queens and Washington, D.C. and plans to reach 10 cities by 2020.
Virgin Atlantic and Delta open hi-tech export facility at Heathrow Facility marks initial phase of ambitious plan to double capacity
Ike files voluntary safety report revealing details of autonomous truck operation The company is the first to release a safety assessment before testing vehicles on public roads.
Freight Futures daily curve: 10/10 Fundamentals continue to drive strength in the East regional freight futures markets.
Amazon partner Inpax lays off about 600 after Amazon ends relationship Inpax, a delivery partner of Amazon.com, lays off more than 600 after Amazon cuts ties
Heavy-duty brake plant to close, move production to Mexico Haldex Brake Products Corp., a Swedish brake and suspension manufacturer for heavy-duty trucks, announced on October 8 that it is shuttering its manufacturing facility in...
SkyBitz tackles wasted trailer space and cargo claims; announces collaboration with Omnitracs SkyBitz has introduced a new sensor with camera that tracks available space and the condition of items inside a trailer. (Photo: Jim Allen/FreightWaves)
Today's Pickup: Growth of on-demand mobility comes at the cost of public transport and marginalized people On-demand mobility tramples on public transit; lab-meat will replace large chunks of the conventional meat industry; OPEC cuts oil demand forecast for third consecutive month.
Record-breaking snowstorm trudging through Plains (forecast video) Two feet of snow possible for parts of Dakotas, Minnesota as powerful early season storm stalls over northern Plains.
Alcohol beverage importers want second round of CBMA Customs brokers say a permanent extension of the 2017 Craft Beverage Modernization and Tax Reform Act would incentivize Customs and Border Protection to automate the...
FMCSA chief Ray Martinez leaves the agency Chief counsel Jim Mullen expected to take over as Acting Administrator on Oct. 28.
Large aircraft lessors tap debt capital markets Half of all commercial aircraft are accessed from lessors
Rhenus commits to iconic distribution centers and U.S. expansion (WITH VIDEO) European logistics giant could bring its famed, eco-friendly distribution centers to North America as its global expansion continues
The unsurprising growth of Hispanics within the trucking industry The Hispanic community has contributed immensely to the new American dream and is currently one of the fastest growing ethnic minorities within the trucking sector.
Delta posts strong income gains despite slump in cargo revenue Updated: 3:41 p.m. Delta Air Lines' cargo revenue dropped 37% to $189 million in the third quarter and year-to-date is off 13% to $567 million...
Can precision scheduled railroading save the railroads' third-quarter profits? With U.S. rail volumes slumping in the third quarter, can PSR soften that blow to the rail's bottom line?
Autonomous electric truck startup raises $25 million (With Video) The Swedish autonomous electric truck startup Einride closes a $25 million Series A round.
German electric vehicle automaker sees 'huge market opportunity' in the U.S. Deutsche Post-owned EV major StreetScooter has announced plans to expand to the U.S. market, commencing pilot tests early next year with DHL Express.
SmartDrive Video Insights: The State of Convergence This is the first in a series of videos produced by FreightWaves and SmartDrive, recorded at the recent SmartDrive Customer Conference in Atlanta. FreightWaves editor-at-large...
Convoy touts 45% reduction in empty-mile emissions as its Automated Reloads program grows Convoy launched Automated Reloads in June. Since then, the company said in "top markets," the number of empty miles has been reduced by up to...
Covenant Transport among 4 to win Mike Russell Trucking Image Awards The American Trucking Association handed out a number of awards, including the winners of its Mike Russell Trucking Image Awards, at its just concluded Management...
Port Report: Port of Brunswick ready for 'substantial new business' Georgia Ports Authority is looking to grow roll-on, roll-off cargo even as work continues on salvaging the capsized car carrier Golden Ray.
Asia's merchant ships pollute world's oceans with plastic bottles Asian merchant shipping and major drinks manufacturers are responsible for an increase in the amount of plastic bottles found in the world's oceans.
Körber Logistics buys majority stake in logistics-robotics company Cohesio Körber Logistics, the investment and logistics arm of tech conglomerate Körber of Hamburg, Germany, has acquired a majority stake in the warehouse autonomous logistics robot...
INTERVIEW: HSFO to VLSFO switch gathers pace as IMO 2020 nears - IBIA director "I expect we will see increasing supply of VLSFO during October, November and December in most markets," Einemo said.
Shanghai HSFO bunker premium dips from record high amid tepid demand "Premiums have been sky-high [at Shanghai] and demand has gone to other ports like Japan," a Chinese bunker trader said.
Vopak acquires minority stake in Algeciras terminal ahead of 100% divestment The transaction value totals Eur125 million.
Huge swell in freight rates sends waves through tanker, crude markets One shipowner active in the West of Suez tanker markets said it feels like "Merry Christmas already."
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