Torm to postpone some scrubber installations until 2020 In its latest quarterly report, Copenhagen-headquartered products tanker operator Torm says it has decided to postpone some scrubber installations to the first and the second quarter of 2020. Torm says it expects
Another delay in delivery of Canada's first AOPS The Toronto Star reports that the delivery date of the Royal Canadian Navy's first Arctic and Offshore Patrol Ship has again been pushed back. The original plan was to have Irving Shipbuilding
Jon Holvik joins Thrustmaster as Executive VP Thrustmaster of Texas has named Jon Holvik as Executive Vice President for Business Development of Dynamic Positioning Systems. The appointment follows Thrustmaster's acquisition earlier this year of Rolls-Royce's ICON Dynamic Positioning business.
Marine Log FERRIES 2019 broke new ground Marine Log's FERRIES 2020 event will need a larger space than this year's, which saw available exhibit space sell out and a packed conference room. Held in Fort Lauderdale, Fla., on November
Carnival beefs up internal ethics and compliance team Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), has announced seven new hires and internal promotions as part of the development of its new companywide ethics and compliance function, first announced in
ABS issues guidance on containership cargo fires The just-published ABS Guide for Fire-Fighting Systems for Cargo Areas of Container Carriers is the first of its kind to address firefighting and safety systems of cargo holds of container vessels, the
Crowley adds 300 more reefer containers Crowley Logistics has added 300 new refrigerated (reefer) cargo containers to its fleet just in time for the peak perishables shipping season. The additional units are all 40-foot-long high cubes and have
Shipping edges towards mandatory R&D fund A proposal under consideration by five industry associations could force ships to pay $2 for each tonne of fuel they...
Rosneft grapples with unsold Venezuelan crude as exports slump Rosneft's trading arm is vital to Venezuelan crude sales as Chinese refiners shun direct purchases since the US administration tightened...
Freight forwarders criticise detention and demurrage process Freight forwarders call for more transparent and business-orientated process
Klaveness scales down in the supramax segment Talks with potential pool partners should be concluded in the coming months, says Torvald Klaveness
Container demand slowdown goes beyond trade war GDP multiplier goes into negative territory as September volumes contract, taking annual growth to just 1%
Torm confident of sustained market strength Given recent market strength and yard capacity issues, the company is pushing back some scrubber retrofits into next year
Ports detail the impact of climate change Significant and critical downtimes are leading to closures of up to three days and costs of up to $10m, a...
MPC Capital buys stake in German broker MPC Capital claims the Albis deal will complement its technical management company, Ahrenkiel Tankers
ICTSI gains from Papua New Guinea terminals and tariff adjustments Chairman and president Enrique Razon Jr says the company remains 'conscious of the current geopolitical trade tensions'
Euronav secures LSFO deal in Malaysia Linggi port will provide low-sulphur marine fuels and other services for Euronav's vessels on east-of-Suez routes
Singapore boosts IMO 2020 bunker buffer About 40% of the inventory of very-low sulphur fuel oil and marine gasoil in and around Singapore is stored in...
Daily Briefing Free to read: Greek owners call for industry discipline on green agenda | Who pays for shipping's carbon tax? |...
RCL opens direct link between south China hub and Cambodia RCL says there has been demand from its Pearl River Delta customers to call directly at Guangdong for faster connectivity...
California ports show hesitant growth trajectory despite tariffs Los Angeles had a bad October, but is having a good year. Long Beach is having a bad year, but...
Thieves target product tanker in Singapore Strait Attempted boarding is fourth such incident in a month in Traffic Separation Scheme.
Korea P&I calls for collaboration to stem losses and drive safety Chief operating officer says all insurers should put safety before competitive advantage and pool data, skills and resources
Mats Berglund bucks trend in asset-light world of handies Head of the largest handysize owner says pure chartering strategy fails to deliver in charter intensive segment
Sleeker Tidewater preparing for offshore sector takeovers The company is paring down its fleet and C-suite with an eye on pulling the sector out of its downturn
BW Group buys up Flex LNG shares BW Group has taken a stake in John Fredriksen's Flex LNG. As of 31 October, the Andreas Sohmen-Pao-led outfit owns 560,000 shares in the New York- and Oslo-traded gas carrier owner, good for just about 1% of the company, Flex disclosed. BW LPG confirms $9m profit from sale of last two LGCs Flex LNG takes shipmanagement in-house in first for Fredriksen It is unclear when or why BW took the posi
Diana Shipping offers to repurchase $10m in shares Diana Shipping is looking to take back as much as $10m worth of its own company. The New York-listed bulker owner has begun a tender offer to buy up to 2.74 million outstanding common units at $3.65 per share. The offer will expire 11 December, unless extended or withdrawn, Simeon Palios-led Diana Shipping said. Does Diana Shipping's family plan work in public markets? "The board of directors
Carnival quadruples the size of its environmental compliance team The company now has eight employees focused on following environmental regulations and its own ethical standards
Dry bulk's summer of love may be over, but outlook is still bright Optimists abound despite the Baltic Dry Index having fallen back to earth in recent weeks
Torm CEO: product tanker optimism is 'backed up by the numbers' Jacob Meldgaard, Torm's executive director, said product tanker rates are likely to stay 'stronger for longer'
Nasdaq sells its freight derivatives business to EEX Consolidation in the cleared freight derivatives market leaves EEX and Singapore Exchange in "a two-horse race".
Generational change at broker Frachtcontor as Moller retires Hamburg shop appoints Jacob Christian Pedersen as managing director to replace long-serving tanker boss
Delta Tankers likely in the clear over oil spill, says image expert Satellite image analysis reveals no evidence against Greek tanker, but points to ship gone 'dark' as possible culprit
Last Arc7 prepares to sail into Yamal LNG fleet A final Arc7 LNG carrier is readying to leave DSME shipyard in South Korea, marking the conclusion of the 15-ship newbuilding project for Russia's Yamal LNG. Data analyst iGIS/LNG said the 172,00-cbm newbuilding Yakov Gakkel has shifted to the Okpo yard's outer anchorage after paying a visit to Korea Gas' Tongyeong LNG terminal. Cosco rejigs shareholdings to free LNG carriers from sanctions Arc
Pangaea Logistics Solutions nearing half-decade of profits in dry bulk trade Rhode Island operator uses cargo-first approach to be 'different', chief executive says, even as broadening shareholder appeal remains a challenge
Crew shot and beaten as pirates raid PSV off Mexico Up to eight armed men boarded Micoperi's Remas on Monday
Gard edges further ahead of rivals after profits boost Chief executive explains how the Norwegian insurer has made money in a difficult marine insurance market
Alexander Panagopulos backs LNG pathway to sustainable shipping Forward Maritime Group founder pushes back over Clean Shipping Coalition's LNG claims
Adapt or die? Shipmanagement faces a critical juncture TradeWinds' Business Focus on Shipmanagement has found that commoditisation, digital disruption and in-house offerings threaten to erode future earnings in the third-party management sector
Wilmer Ruperti heading to trial in Novoship sex-tape row Venezuelan businessman fails to win summary judgment in dispute over alleged breach of 2016 settlement agreement
Solstad Offshore anchor handler wins long-term work in Brazil The contract win follows a six-vessel deal awarded to Solstad last week.
Shipmanagement at crossroads between quality and cost Increasing complexity of the business threatens to erode earnings but third-party managers are ready to make their case
FA Vinnen and German partner set to hit secondhand market Boxship firm ready to grow after equity tie-up
Michael Vinnen pins his family's fortunes on three-pillar growth strategy German company's bicentennial plans include expanding in managing crew
Cosco Shipping International hurt by higher costs Singapore-listed bulker owner posts lower earnings in the third quarter
Torm focused on bull market despite weak third-quarter results Softer freight rates affected the Danish product tanker specialist's bottom line in the third quarter, but things are looking up.
Fire extinguished on Rieber research ship off Senegal No injuries reported after blaze breaks out in engine room of Polar Marquis
Polembros offloads oldest tanker and sets sights on newbuildings Indian buyers take the 150,800-dwt Nautic (built 1998) as the Spiros Polemis-led outfit pushes ahead with renewal
Norne Research starts Belships coverage with a buy Analyst says bulker company has a reliable owner and attractive spot exposure
Mitsui E&S to slash production at Chiba shipyard Japanese engineering company forced into yard cut-backs after announcing massive losses
Odfjell: IMO 2020 fuel spread may not be 'very scary' CEO Kristian Morch says company research suggests owners will not see "runaway prices" for compliant bunkers
Klaveness aims to double number of pool ships but scale down supramax operations Norwegian owner says it is in talks with third parties as it focuses on panamaxes and post-panamaxes
Euronav inks LSFO pact with Malaysia's Linggi Port Formal agreement follows arrival of ULCC Oceania (built 2003) in Southeast Asia last month
Carl Schou says China is key to restore Wilhelmsen LNG book CEO is counting on Chinese appetite for growth strategy as he eyes nascent cruise sector
China Merchants Energy buoyed by US sanctions on rival Cosco World's largest VLCC owner tipped to enjoy a profitable fourth quarter
Cleaves sees value in LNG players after brutal sell-off Oslo-based brokerage forecasts cyclical peak in late 2020 with potential weaker earnings in 2021 to 2022
Shipbuilders showing 'strong interest' in Kiwi ferry order Barry Rogliano Salles leading search for yard to build replacement tonnage for New Zealand operator
Maritime & Merchant Bank says markets continue to defy turmoil Despite tanker market rally Oslo-based bank says prospects for the sector remain promising
California trucker group files challenge to law restricting independent contractors As truckers wrestle with a new California law, AB5, that seeks to limit independent contractors, a trucking organization based in the state has filed a...
ICTSI increases throughput and revenues but net income slips into the red It's a largely good set of third-quarter results for the Philippines-based but globally operating container terminal operator ICTSI. "Strong financial performance," says President and Chairman...
Leveraging tech to move freight faster and safer - Demo Day 1 highlights Technology that helps you get the most from your drivers, trucks and trailers was in the spotlight at the Rapid-Fire Demonstrations on Tuesday at FreightWaves...
FreightWaves LIVE: Demo Day 1 - Afternoon Highlights Technology to help with freight asset operations, sales and technology integration highlighted the third block of demonstrations at FreightWaves LIVE in Chicago on Nov. 12....
Amazon effect pushes traditional freight transport outside comfort zone (with video) Ryan Rogers, chief transformation officer at Covenant Transportation Group, said the online retail giant has challenged the movers of goods as to what is possible.
The Uberization of Freight? Uber Freight knows something about that (with video) The Uberization of Freight has come to mean many things, but to Uber Freight Senior Director Bill Driegert, it means relieving pain points for carriers...
Radiant Logistics' report ahead of expectations, but peak season likely to disappoint Radiant Logistics posts a good quarter, but warns that peak shipping season isn't shaping up heading into the holidays.
Hassett Express seeks to shed 'quiet company' image CEO Michelle Halkerston has initiated technology investments and initiatives that will raise the profile of her company's large domestic air freight forwarding operation.
TrinityRail®: HourglassTM, TrinFloTM the New Shape of Railcars TrinityRail has two new railcars: the HourglassTM and the TrinFloTM.
Technology is a powerful tool the industry isn't using enough, Trucking Alliance's Lane Kidd says The Trucking Alliance's managing director Lane Kidd told Craig Fuller on Fuller Speed Ahead that technology could be used more effectively by the industry to...
DOT awards $900 million for multi-modal projects Trump administration divvies up 55 BUILD grants among 35 states
Work ethic, synergy help Chicago stay on top of logistics industry At the end of the day, logistics is still simple: "Take care of the customer and the rest will take care of itself," Findley said.
Fear not the robo-apocalpyse, analysis of autonomous trucking suggests A study released by autonomous truck startup Ike suggests that instead of eliminating jobs, some approaches to automation shift the task from long-haul to short-haul...
Threat of another Lufthansa strike dropped - for now Airline and union reach truce
Constant evolution vital for freight forwarders to stay relevant Third-party logistics providers must be ready to optimize data, streamline communications and never stop evolving to be successful in today's marketplace, said Mike Powell, chief...
Freight Futures daily curve: 11/12 Trucking Freight Futures Markets were little changed with light holiday interest.
Craig Fuller unveils SONAR 5.0: multimodal data and trucking rate forecasting (with video) SONAR 5.0 has new maps, alerts, rate predictions, and air and ocean data.
Today's Pickup: Saudi Arabia's state oil company Aramco has the lowest breakeven costs in the world Aramco's breakeven cost is below $10 per barrel; Alibaba registers $1 billion in sales in 1:08 minutes on Singles Day; Chinese pork imports at an...
Telling the stories of truck drivers (with video) Rachel Premack, a rising transportation reporter at Business Insider, has become a champion among truck drivers for covering the issues from their perspective.
Tariffs endanger $186 billion in US economic activity, study finds Risks based on cargo moving through Los Angeles/Long Beach ports
Schneider CEO: AB5, other regulatory changes could spark "re-regulation" of industry (with video) Mark Rourke, CEO of Schneider National, right, told George Abernathy, president of FreightWaves, that a series of regulations hitting the industry will affect expenses or...
Canadian Pacific reaches all-time monthly record for grain volumes The railway hauled record grain and grain products volumes in October.
Brokerage rivals Pyatt, Silver talk about the culture of competition (with video) The future of freight brokerage is a renewed focus on people.
Lake-effect snow machine keeps cranking in Midwest, Northeast Up to a foot of lake-effect snow possible from Midwest to interior New England. A lot of messy roads, runways.
Percentage of compliant carriers stagnates ahead of December ELD deadline The stagnation suggests that only the most die-hard ELD holdouts are still clinging to their old devices.
Giving truck drivers' jobs a FreightTech makeover (with video) NEXT Trucking is following a path that many FreightTech companies are also navigating, and it believes that its drayage solution will ultimately help truck drivers...
Commentary: Spring floods have lasting impact on Midwestern transportation market For anyone in and around the Corn Belt in 2019, the lasting effects of this spring's flooding are still front and center in everyone's mind....
Daseke sees large loss as it "rightsizes" operations Daseke, Inc. reports a large loss amid operational restructuring and weaker flatbed demand. The company announces new initiatives as its reorganization continues.
Riga airport expands to keep up with surge in cargo volume Latvian airport to double cargo handling capacity
FreightWaves leaders discuss evolution from blog to media powerhouse FreightWaves employs about 40 reporters across the globe, produces 10 podcasts and has launched the first streaming TV network dedicated to freight.
Fracking sand company sees its stock almost halve on big customer loss The broader issue for Carbo is the weak oil and gas market that has impacted the oil patch.
Commentary: The dark zone in for-hire trucking changes Connectivity is crucial to success in trucking. Darren Prokop writes about various aspects of connectivity that make trucking more transparent and efficient.
Deutsche Post posts mid single-digit revenue gains in quarter, with Express division leading way Deutsche Post posts decent third-quarter results despite weak global macro environment
Firm that backed Lyft, Facebook bets on autonomous trucks MIT-incubated start-up looks for learning models; just what food truck do you like?
Transporting oil and gas drilling rigs is a tough business in an unpredictable market Moving oil rigs and oil-drilling equipment is not for the faint of heart. Every niche industry presents unique supply chain challenges, but oil rig transporters...
U.K. retailer John Lewis to use cow manure to power its delivery fleets John Lewis will now use carbon-neutral renewable biomethane to power hundreds of its delivery trucks by 2021.
Residual fuel oil Handysize freight rates at 10-month high for Black Sea, Med An influx of cargoes of residual fuel oil in the Black Sea and Mediterranean markets coupled with a tight tonnage list have led freight rates for Handysize tankers to a 10-month high, according to S&P Global Platts data.
MARINE FUEL ROUNDUP: Bunker Partner supplies 0.5% S FO in Russian Far East Bunker supplier Bunker Partner has started supplying 0.5% sulfur fuel oil for bunkers at a clutch of Russian Far Eastern locations, the company said on its website.
MARINE FUEL ROUNDUP: Galp to supply 0.5% fuel at Portuguese ports from Nov 15 Portugal's Galp will start supplying its own blend of 0.5% marine fuel from November 15 at all mainland Portuguese ports, the company said in a statement Tuesday. Supply of 0.5% bunker fu
FUTURES 4: Crude settles slightly lower as market awaits fresh indicators Crude futures settled slightly lower Tuesday following a largely rangebound session, as market participants awaited developments from the US-China trade negotiations.
T.A.G. Marine, Euronav sign low sulfur bunkering agreement ahead of IMO 2020 The deal positions KLIP as a bunkering hub for ships transiting the Straits of Malacca.
European light, sweet crude grades find support from IMO 2020 demand: sources "IMO [demand] is here," one trader said.
Singapore Marine Fuel/380 CST HSFO cargo spread widens 6% to year-to-date high on IMO 2020 The spread first breached the $100/mt mark on Sept 24, from which it rose to $115.27/mt on Sept 30, Platts data showed.
Platts will discontinue 90 kt, 150 kt Americas freight assessments Platts understands that fixtures on these routes typically reflect vessels of a smaller size.
MARINE FUEL ROUNDUP: CYE Petrol to supply VLSFO from Istanbul in Dec CYE to supply 0.5%-S bunker fuel from December.
Platts to amend cargo sizes for Caribbean Suezmax assessments There has been a shift to fixing on a larger cargo basis for Suezmax voyages loading in the Caribbean in recent years.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
