Arista and ABS in ocean data agreement Athens-based Arista Shipping has reached an ocean data agreement with ABS. Arista's fleet and managed vessels will use processed data from the ABS Metocean Hindcast Data application to guide operational decision making.
National Rivers Hall of Fame honors WCI, Debra Calhoun Waterways Council, Inc. and its Senior Vice President, Debra (Colbert) Calhoun, were honored November 7, 2019, with National Rivers Hall of Fame (NRHOF) Achievement Awards, during the 16th Annual Waterways Symposium in
MetalCraft launches patrol boat for Mobile, Ala., police MetalCraft Marine recently launched what it calls "a serious patrol boat" for the Mobile, Ala., Police Department. The 34' Interceptor patrol has a large cabin with 6'10" headroom, and a large aft
VIDEO: New Metal Shark pilot boats go to work in New Orleans Jeanerette, La., based shipbuilder Metal Shark has delivered two new pilot boats to New Orleans-based Belle Chasse Marine Transportation, LLC (BCMT). Designed in-house by Metal Shark and built at its Jeanerette, production
Low lube oil levels led to near-grounding of Viking Sky The Accident Investigation Board of Norway has issued an interim report on the March 23, 2019 incident that saw 479 passengers evacuated by helicopter from Viking Ocean Cruises' Viking Sky when it
West Coast demos generate strong interest in high-power diesel outboard Costa Mesa, Calif., based marine power specialist Boatswain's Locker, reports great feedback and high levels of interest following five weeks of on-water demonstrations of the Cox Powertrain CXO300 - the world's highest-powered
VIDEO: Maintenance dredging goes autonomous and underwater Netherlands-based C-Job Naval Architects has unveiled a concept design for an Autonomous Underwater Maintenance Dredge (AUMD) at a conference in Trondheim, Norway. Developed by C-Job's Research and Development department, the AUMD has
Misdeclared cargoes accounting for more container fires Current statistics show that a serious fire is occurring every 30 days, rather than every 60 days, says TT Club...
Hong Kong - The gateway to mainland China and the rest of the world Located at the heart of Asia and close to the Pearl River Delta, Hong Kong offers the maritime sector an...
Hapag-Lloyd could return to yards next year A slowdown in orders and expected increase in scrapping should keep the supply side in equilibrium during the next two...
Lack of confidence among exporters hitting air and ocean freight Exporters of maritime cargo face additional questions arising from IMO 2020 rules requiring shipping lines to cut sulphur emissions next...
HMM's bulk shipping helps reduce losses South Korean carrier has again warned of risks brought by the worldwide geo-political uncertainties
Epic Gas sees positive fundamentals in LPG sector The company made a loss of $2.9m in the third quarter of the year, which includes one-off costs of $3.2m...
Viewpoint: A life of crime Those at sea have been warned never to trust their instruments implicitly, while they all, in theory, have alternative means...
MOL Chemical Tankers in Ulsan port tank storage tie-up Ulsan is South Korea's main petrochemicals centre handling a wide range of chemicals, and is strategically located near top chemical...
Daily Briefing Free to read: Global oil and LNG trades 'transformed' by moving supply and demand geography | More work needed before...
Russia key to global seaborne coal market By 2040, Russia is expected to overtake Indonesia as the biggest exporter of coal, as the Southeast Asian country's thermal...
CSSC Shipping funds Golar FSRU conversion On delivery, the converted FSRU will serve a liquefied natural gas import terminal project in Croatia under a 10-year contract
Hapag-Lloyd profit increases on higher freight rates Full-year earnings expected to be at upper end of guidance
Fleet Management lauds value of relationships as it turns 25 Co-operation and partnership both between and across national boundaries in the company's global business have helped it achieve success
AG&P invests in Kanfer Shipping to boost LNG access Kanfer Shipping brings on board the capability to break-bulk LNG affordably, filling a critical gap in the LNG supply chain...
Yang Ming losses widen on weak cargo demand Company saw T$1.4bn losses from not exercising the buy options for certain vessels that it sold and leased back earlier
Global Ship Lease sets note sale at $27.5m Global Ship Lease (GSL) is offering $27.5m in senior unsecured notes at 8% as a means to pay off some debt maturing in 2022. The Ian Webber-led boxship owner said the notes will mature at the end of 2024 and will be payable in arrears on the last days of February, May, August and November of each year, starting 29 February 2020 and at maturity. GSL intends to use the offer's net proceeds to repa
EuroDry expects 'profitable' fourth quarter EuroDry is looking to land on the black side of the ledger at the close of the present quarter, barring anymore dry-dockings through year's end. The Aristides Pittas-led owner of seven dry bulk carriers reported a $0.79m net loss attributable to common shareholders versus a $1.42m profit during the same period in 2018. That translated into an adjusted loss per share of $0.26 versus $0.62 earning
American Club takes 'member-specific' approach to P&I rates P&I mutual will also make a supplementary call on members for previous policy years
Teekay LNG shares rise on 'highest ever' quarterly results Company is 'unmatched' within LNG sector, according to an analyst.
Teekay Tankers axes dividends, could sell ships in hunt for cash Teekay Tankers won't be issuing any more dividends and might look to sell ships in an effort to shed debt. The New York-traded shipowner's chief executive Kevin Mackay said the company had borrowed earlier in the year on sale and leaseback transactions in order to shore up liquidity in a weak market. Teekay Tankers sees strong rates; plans share reverse split With the tanker market improving, h
Diamond S has 'never seen rates like this' as 2020 optimism hots up Analysts have raised price targets for the New York-listed tanker company, which is riding a wave of rising rates.
Pyxis Tankers third quarter loss comes in less than $1m Pyxis Tankers finished the third quarter just barely in the red, and the company doesn't expect to be there much longer. The New York-traded product tanker owner reported Thursday a $800,000 loss for the three months ending 30 September versus a $4.1m loss for the same period last year. Pyxis Tankers stays in the red during 'choppy' second quarter Revenues declined slightly year-over-year from
Diana Shipping kamsarmax stays on charter to Cargill for another year The bulker has been extended at a rate that is around 21% lower than in the initial period.
Sinopec plotting 100-barge fleet for LSFO supply Chinese refiner said to be gearing up for IMO 2020 with big newbuilding plans
Hermitage Offshore racks up another loss Costs still outstripping revenue for Scorpio-backed OSV owner
Seaspan snaps up boxship fleet for $380m US-listed group approaches 1m teu with deal for neo-panamaxes
Lauritzen Bulkers hires new head of global operations Lauritzen Bulkers has poached its new head of global operations from one of its rivals, Norden. Lauritzen set for bulker owning exit with sale of China-built trio Mette Stenild Gron will join the company from 1 January 2020 and will be based from Lauritzen's head office in Copenhagen. Niels Josefsen, chief executive of Lauritzen Bulkers, said Gron's "proven, hands-on capabilities" will be a goo
Design for unmanned submarine dredger revealed A Dutch ship designer has unveiled a prototype for an autonomous underwater maintenance dredger (AUMD). C-Job Naval Architects said the unique blueprint is aimed at maintenance work in ports. "The team took advantage of the opportunities and out-of-the-box solutions autonomous vessels provide such as completely submerging a dredging vessel," it added. Dark bridge: NYK completes world's first au
KSS Line linked to another VLGC at Hyundai Heavy Fourth ship in series ordered by South Korean owner, brokers say
Low-profile oil broker emerges behind Ridgebury and Novellas Union tanker buys Murtaza Lakhani-controlled Mercantile & Maritime Trading snaps up former Ridgebury VLs and other tankers
DSME falls back to a huge loss after drillship cancellation The ship is likely to be the unit cancelled by John Fredriksen's Northern Drilling last month.
Yang Ming takes $45m hit after returning chartered ships Taiwanese container line bites bullet by scrapping charters for expensive vessels
Seven Seas Carriers buys another Japanese-built supramax as values slide Norwegian bulker company Seven Seas Carriers has boosted its fleet with another Japanese-built supramax amid declining prices for ships of this type. Shipbrokers said the Bergen-based shipowner has purchased the 51,000-dwt Golden Island (built 2012) for $12.5m in a deal that involves co-investors. The ship was previously in the fleet of Shikishima Kisen of Japan. Seven Seas CEO Christian Sundt
Hapag-Lloyd ups earnings as rates rise in the third quarter German container line comes through tariff wars with better returns
Zeaborn seeks to bring 250 ships under technical management Bremen-based shipmanager to target Germany's small and medium-size fleets in consolidation move
New VLCCs help HMM to 'remarkable' loss reduction Bulk division boosts South Korean owner but it remains in the red
Jitters over Chinese control stall Belt and Road in East Africa Tanzania sees neighbour Kenya struggling to repay Chinese debt, and is reluctant to follow suit
Epic Gas expects higher scrapping as IMO 2020 looms LPG carrier company well-positioned as veteran vessels set for exit door
Metrostar Management taps Chinese yard for suezmaxes Angelopoulos-led outfit set to make debut in tanker segment after a decade
Navigator breaks new ground with Asian gas shipments US-listed owner says it has carried first ethane to China on middle-sized carrier, plus butane to India
Cosco tanker outfit makes first move for VLCC fuelled by LNG Cosco Shipping Energy Transportation upgrades one of four pre-ordered VLCCs at DSIC to run on LNG
Merger lays wager on resurgence in demand for scrubbers Clean Marine and FMSI merger puts new outfit in pole position for post-IMO 2020 order boom
Taiwan Navigation books double Japanese bulker order Taipei-based shipowner returns to one of its favoured yards for replacement tonnage
'Deal of the year' as Hahn & Co locks VLCC into $86.5m charter Newly purchased newbuilding set to earn handsomely in five-year hire
AG&P takes equity stake in Norway's Kanfer Shipping Philippine company says tie-up will make LNG more accessible and commercially viable
Teekay LNG Partners to lift annual dividend by 32% Gas carrier owner and operator has also offloaded its last tanker and is now a gas carrier pure play
Eastern Pacific Shipping scores charters for large gas carriers Eastern Pacific Shipping is about to conclude one-year time charters for all three large gas carriers purchased by the company in August from Neu Gas Shipping of Germany. The fixtures may not come as a surprise, given that LPG carriers of this size represent a segment that is traditionally term charter-focused, and Idan Ofer-controlled Eastern Pacific is a period player in the gas sector. Easte
Teekay Tankers sees strong rates; plans share reverse split Aframax tanker specialist to cull existing dividend policy to focus on deleveraging
Tsuneishi Shipbuilding develops Wide Kamsarmax bulker New bulker has larger capacity and is more fuel efficient
US senators introduce 'Women in Trucking' bill Legislation would require FMCSA to step up efforts supporting women
Decline in U.S. rail volumes persists U.S. rail volumes have been trending lower all year.
Freightos: Demystifying freight pricing promises benefits for all Freightos, the world's largest freight marketplace, sees transparent pricing of international freight benefiting shippers and forwarders alike.
Seven innovators take top honors for FreightWaves LIVE demos Over 50 of today's most innovative and disruptive companies in the logistics industry stepped on stage during FreightWaves LIVE Chicago to present live product demos.
Bloomberg analyst discusses trucking, China and Trump at FreightWaves LIVE Chicago (with video) Trucking, tariffs and global trade issues were part of a conversation with Lee Klaskow at FreightWaves LIVE in Chicago Nov. 13. Klaskow, a Bloomberg Intelligence...
Peak season still in question Mixed economic data and lower volumes prompt no movement in this week's DHL Supply Chain Pricing Power Index.
Port of Oakland names Danny Wan executive director Danny Wan, just named executive director of the Port of Oakland says the agency needs to plan ahead for the possibility that the economy may...
Freight Futures daily curve: 11/14 Lack of volatility on Wednesday keeps the Trucking Freight Futures markets generally flat.
Commentary: Hiding in plain sight - railroad KPIs suggest continuing weakness Jim Blaze writes about the North American railroads KPIs, and what the railroads need to do to increase railcar use, revenue and shipper loyalty.
Joe Biden wants to launch low-carbon transportation strategy Proposal is part of $1.3 trillion infrastructure plan
Walmart Canada, DLT Labs launch blockchain-based freight tracking and payment solution Walmart Canada will use DLT Labs blockchain-based Asset Track solution to better track freight and speed payment with its third-party carriers in Canada.
Blockchain conversations need to focus on value to get C-suite buy-in To increase development and deployment of real-world blockchain projects, the conversation needs to shift towards the value blockchain can provide rather than the technology itself,...
Tariffs turn customs brokers into 'heroes' for importers The ongoing U.S.-China trade war has illuminated the value that these intermediaries bring to properly classifying, clearing and paying duties on Chinese goods entering the...
More Northeast snow, soggy in the South Minor delays in freight movement possible due to lake-effect snow, showers and thunderstorms, slick roads.
Today's Pickup: Daimler is laying off over 1,000 workers to save money amidst auto sector slowdown Daimler is cutting jobs citing global economic slowdown and emissions fine; German economic growth exceeds expectations; U.S.-China limited trade deal is still unsigned.
Veterans Day 2019 Snowfall Records A look at Veterans Day record setting snowfall across U.S. cities.
USPS' parcel dilemma reflected in flat 2019 volumes USPS sees fiscal 2019 shipping volumes stagnate as it posts massive net loss for year
TrinityRail gets new chief commercial officer Gregg Mitchell promoted to new role after serving as chairman for Trinity's highway products and logistics group.
Walmart reports sales growth, increases outlook The world's largest retailer, Walmart, reports quarterly results ahead of expectations and raises its earnings outlook for fiscal 2020.
Commentary: Fighting food waste by mapping food supply chains Brian Aoaeh writes about ongoing efforts to fight food waste by improving food supply chains.
Digitalizing roadside assistance is the need of the times Digitalizing roadside assistance will help customers get quicker service, while service providers and garages/repair shops can track progress in real-time to ensure high customer satisfaction.
Truckstop.com explores innovative technologies; announces Book It Now Truckstop.com CEO dives into Book It Now and how the company plans to reduce friction between brokers and carriers.
SmartDrive video insights: Change management and change leadership aren't the same thing This is the final installment in a series of videos produced by FreightWaves and SmartDrive, recorded at the recent SmartDrive Customer Conference in Atlanta. FreightWaves...
Tech focus keeps Prologis Ventures atop logistics real estate trends Real estate is benefiting from the growth of e-commerce, where the supply chain is evolving from a cost center to a revenue generator.
Customer-centered startups attract Maersk Growth fund's attention Sune Stilling, head of Growth for Maersk, right, said the investment fund is focused on companies that keep the customer - not a billion-dollar valuation...
Author details Memphis native Harrison's rise to pinnacle of railroad industry (with video) Hunter Harrison's timing was perfect for someone breaking into the rail transport industry, bestselling author Howard Green, who penned "Railroader: The Unfiltered Genius and Controversy...
New Jersey next to debate limits on trucking's use of owner-operators New Jersey is the newest battleground for motor carriers that use owner-operators, as the state Senate takes up legislation aimed at limiting what workers can...
Hapag-Lloyd Q3 profits surge on higher freight rates CEO tells FreightWaves the U.S.-China trade war has transformed the trans-Pacific trade and customers are receptive to paying IMO 2020 bills.
South African Airways plans to restructure, cut jobs; unions may strike Loss-making flag carrier plagued by high operating costs, fuel prices, currency exchange and older fleet.
Oil tanker operator Torm to install 44 scrubbers as IMO 2020 looms First volumes of 0.5% sulfur fuels have been delivered and tested onboard, company says.
Crude settles lower following rise in crude stocks, output EIA reported a higher-than-expected rise in US crude inventories and production.
FEATURE: Methanol industry seeks slice of bunker demand on emission cuts Methanol barge prices at Rotterdam have been $228/mt lower than 0.5% sulfur marine fuel barges over the past month.
Malaysia's Petronas taps new markets amid paradigm shift in Asian LNG "India is one of our target markets," Ezhar said.
Strong winds stop vessel movement along Chinese coast: port agents "Every port's rules are different. Discharging of cargoes such as coal and iron ore are still ongoing," a source said.
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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