USCG releases draft specs for Waterways Commerce Cutter variants The U.S. Coast Guard is pressing ahead with its plan to replace the capabilities of 13 Inland Construction Tenders (WLIC) and 18 River Buoy Tenders (WLR) with a new class of Waterways
VIDEO: VT Halter launches LNG bunkering ATB barge Shipbuilder VT Halter Marine has launched the Q-LNG 4000 ATB barge just a few weeks after its naming ceremony. The 324' x 64' x 32'.6 Q-LNG 4000 is the barge component of
MPA pulls bunker license, cites "magnetic interferences" Mass Flow Meters were supposed to end bunkering scams, right? Apparently not if there's a magnet involved. The Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator license
CWind develops hybrid SES offshore wind CTV From mid-2020, the world's first hybrid powered Surface Effect Ship will be operating as an offshore wind crew transfer vessel (CTV). Chelmsford, U.K., based CWind has reached a long term charter agreement
Capsized car carrier to be disassembled The capsized car carrier Golden Ray will not be righted and refloated in a fully intact condition. Salvage experts engaged in the response have determined that this cannot be done safely. Consequently,
The Interview: Hing Chau New Wah Kwong chairman Hing Chau took an interestingly inland bound path before eventually finding his way back into the...
Marine sector told to embrace insurtech or die 'In the future there will be two types of underwriters, those that embrace digital opportunity and those that cease to...
A lesson for China tanker investors CSET's share price has been surprisingly resilient after the US sanctions on one of its major subsidiaries were imposed on...
Load factors: Growing trade strains weigh on transatlantic trade Load factors on the transatlantic should tighten in the fourth quarter off the back of significant cuts to supply. However...
US tariffs on Turkish steel to have little impact on dry bulk market Volumes of steel moving to the US from Turkey had corresponded to about three handysize vessels per month in 2018...
Cosco Shipping's tanker unit denies vessels are 'going dark' A Dalian Tanker official says that none of its vessels has turned off the AIS on board
Reducing engine power to ensure 2030 target gets Greek backing Union of Greek Shipowners will support Greece's submission to IMO that advocates different reductions for different shipping sectors
France urges EU tax on ship fuel France wants the European Union to work on creating a tax on aircraft and ship fuels as part of a...
Scrubber installations could reverse slow steaming An influx of scrubber-fitted ultra large containerships may see carriers try to use speed as a competitive advantage
Gazprom Neft sets up shop in Singapore and eyes lube sales post-IMO 2020 The opening of an operations office in Singapore will allow Gazprom Neft to expand its production and logistics network more...
Daily Briefing Free to read: Lower West Africa ship charters trigger tanker earnings collapse | MSC confirms options for five new ultra-large...
Pakistan may have called off long-term LNG tender Spot prices in Asia have failed to break the price point required to support long-term offtake arrangements this year and...
2020 Bulkers to make first dividend payment The company also agreed a sale-and-leaseback deal with Oslo-listed leasing company Ocean Yield for two newcastlemax newbuildings
Yinson agrees $5.4bn FPSO contract with Brazil's Petrobras Yinson has been expanding its reach recently and earlier this year it also sealed deals in Nigeria
Owners fall 'back to earth' as VLCCs drop back to $135,000 per day Earnings frenzy settles as tanker fixtures fail and oil firms relet
Former Swire and Clarkson chairman Hughes-Hallett dies James Hughes-Hallett, the former chairman of Hong Kong's Swire Group and Clarkson, has died after a long illness at the age of 70. Educated at Eton and Oxford, Hughes-Hallett joined the diversified trading and transport Swire group in 1976 and rose to lead it for 10 years from 2005. He became chairman of the London-listed shipbroker in 2015. Ill health forced him to step down from leading Clarks
Dof Subsea bondholders demand more information on refinancing Dof Subsea has proposed a short deferral of an upcoming bond payment after bondholders demanded more information ahead of a vote on the firm's refinancing plans in two weeks. Dof eyes $22m in new equity to help rescue Dof Subsea An instalment of the firm's senior unsecured bonds (DOFSUB07), which are due in 2020, was scheduled for 22 October but could be postponed for 17 days. The bonds' truste
Ridgebury clinches scorching $98m sale of 18-year-old VLCC trio Red hot tanker freight market yields lucrative asset play for US owner
Bimco tweaks sanctions clauses to boost 'contractual certainty' Shipowners' organisation wants to avoid disputes after US action against Venezuela and Iran
Chartworld pleads guilty in US pollution case Greek owner and Nederland Shipping admit presenting falsified documents to US Coast Guard
Golden Ray insurance bill to top $200m - the largest yet in 2019 Wreck removal, hull damage and cargo loss to send costs soaring for insurers of grounded car carrier
Don't write off classic panamaxes - they could still offer attractive returns Overlooked sector might yield opportunities for 'distressed play', VesselsValue says
Greek tankers move to the fore in high-stakes Venezuela trades Opec member still finds companies prepared to ship its oil in face of US sanctions
Global shipping bank lending plummets in 2018, Petrofin says China Exim, BNP Paribas are top dogs among shipping banks, as industry's overall business shrinks dramatically
AET unveils its carbon-cutting, LNG dual-fuel shuttle tankers Shuttle tankers claimed to be the cleanest, most technologically advanced ever built
Reshuffle at Stena Bulk as product tanker chief Johnny Schmolker quits Duo promoted to fill roles vacated by Swedish group's executive
Costamare delivers spark in sluggish demolition market Greek owner offloads 28-year-old unit at robust price
3 Maj accounts blocked after legal action launched Croatian shipbuilder says it does not recognise claims for payment as overdue
Insurer and owner devise Rhodanus salvage plan Cargoship remains aground off Corsica after missing turn despite warnings
Novatek readies Kildin Island for LNG ship-to-ship transfers An area off the Russian coast to the north of Murmansk has been readied for LNG transshipments ahead of winter. Novatek to end LNG transhipment in Norway Shipping sources involved with the business said the ice-free area off the south-east coast of Kildin Island has been prepared with the harbour tugs, cryogenic hoses and large fenders required for the operations. They said transshipments are e
US sanctions over Cosco begin to trickle down to LNG carriers All eyes on undelivered Arc7 ships and trading vessels as fears mount they could be shunned
Ultragas sells oldest LPG carrier but denies link to sanctioned Caroil Chilean shipowner Ultragas has sold its oldest LPG carrier, but has denied reports that it went to a Cuban-controlled company suspected of violating US sanctions by trading oil from Venezuela to Cuba. Several brokers told TradeWinds that the shipowner had offloaded the 20,600-cbm Nordic Gas (built 1994) to Caroil Transport Marine for $9.5m. 'Madness' persists as Dynacom ties up tanker fixtures a
Unmanned research ship to recreate Mayflower voyage IBM-backed project to unlock secrets of unexplored ocean
In Greece, long-term worries cast shadows on tanker joy Tanker players in Greece are feting bumper freight rates, but lingering concerns about long-term challenges are spoiling the party
TVL Marine returns to Kyokuyo for new boxship Taiwanese owner adds second feeder vessel at Japanese yard
Gard appoints new CFO after departure of Steinar Bye Arendal-based P&I club appoints Christian Pritchard-Davie to fill position left vacant for months
Cut engine power to meet greenhouse gas rules, Greece and shipowners say The Union of Greek Shipowners (UGS) has expressed support for Greece's proposal to meet short-term greenhouse gas (GHG) emission goals by limiting the power of ship engines. Shipping is raring to go, but the global mood music sounds bleak Under the terms of the proposal, bulk carriers and tankers would reduce their main engine power by half and containerships by two-thirds. The measure should
VIPs turn out for opening of Schulte's Cyprus training centre Germany's Schulte Group has further committed itself to Cyprus by opening an upgraded maritime training centre for its shipmanagement arm BSM. During Maritime Cyprus, the company hosted a hospitality event to mark the inauguration at the Marina Beach Bar, attended by more than 500 guests, including clients, Limassol mayor Nicos Nicolaides and officials from the department of merchant shipping. T
Socar and Glencore battle over bill for ship laden with tainted oil Thenamaris-owned tanker in limbo for six months, racking up a potential demurrage bill of more than $3.1m
Shipping is raring to go, but the global mood music sounds bleak Although the tonnage balance looks healthy, gloomy economic news is sapping business confidence
Scrap means scrap, says seller TCC in capesize row with GMS Kenneth Koo-led shipowner goes to court to block bid by cash buyer GMS to trade demolition candidate
Polish importer issues formal invitation for LNG carrier duo Expansionist-minded trader gets down to business on shipping by issuing tender
Shell puts out call for Barcelona LNG bunker vessel Major currently has enquiries in the works for at least five new LNGBVs
Dr Peters reveals fleet details after VLCC sale German group has another five tankers under management, but cannot comment on individual transactions
Singapore catches second bunker player using magnets to cheat clients Maritime Port Authority wastes little time revoking companies' bunker craft operator licence
Troim's 2020 Bulkers set to start rewarding shareholders Owner set to return "significant part" of current market cap to investors over next two to three years
Ocean Yield adds 2020 Bulkers to client list with newcastlemax deal Ocean Yield has increased its exposure to the newcastlemax sector with a sale and bareboat charter back deal with 2020 Bulkers. Ocean Yield buys dual-fuel ethylene carrier from Navigator The Tor Olav Troim-backed bulker owner has agreed to sell two of its newbuildings to the Oslo-listed leasing company for $42m per vessel, net of a $5m sellers' credit. The acquisition includes a 13-year bar
Dry bulk markets are strengthening, says Pacific Basin A boost to demand from higher commodity volumes and a reduction in supply owing to IMO 2020 low sulfur fuel regulations are giving a boost...
Port of Oakland says 2019 growth reflects strong economy in North California Port of Oakland has seen an uptick in volumes this year and is optimistic about remainder of 2019.
IBM stock slides after revenue miss Despite revenue miss. IBM continued over two straight years of earnings beats.
Information technology firm eTrac in partnership with delivery group eTrac, CLDA enter partnership to draw more last-mile carriers into eTrac database
Tosca to acquire reusable packaging provider Polymer Logistics Polymer Logistics, which produces reusable packaging and display solutions, is being acquired by Tosca, a U.S.-based supply chain solutions provider.
U.S. Congress debates federal independent contractor model Democrats, labor consider California's AB5 a "good first step"
CSX improves operating ratio in the third quarter CSX's operating ratio improved despite declining revenues in the third quarter.
The practicality behind retaining warehousing workforce in a tight labor market To reduce labor turnover, businesses will have to understand the needs of their workforce and look to innovate and optimize activities in and around the...
Air Canada extends schedule blackout for Boeing 737 MAX into February Air Canada said Wednesday that it has removed the Boeing 737 MAX from its flying schedule until February 14 because ongoing regulatory uncertainty could cause...
EVs to the rescue: Lessons from a California blackout "Electric cars are part of the solution, not the problem."
Judge upholds $26.5 million jury award, refuses to grant new trial in fatal road-rage truck crash A judge recently declined to reduce the jury award of $26.5 million and refused to grant a new trial in a fatal road-rage crash in...
Freight Futures daily curve: 10/16 East Trucking Freight Futures on Tuesday continued to lead a lackluster market.
EC approves bridging loan for collapsed Thomas Cook subsidiary Condor Condor cargo operations will be business as usual
Canadian Trucking Alliance head bemoans 'bastardized' freight marketplace, Driver Inc Stephen Laskowski, president of the Canadian Trucking Alliance, calls out "small but growing" segment of the trucking industry that is circumventing regulations, including the practice...
Nasty Nor'easter still on track to slam New England (forecast video) Coastal flooding, 60-mph winds possible as Nor'easter makes beeline toward I-95 corridor. Freight delays on the ground, in the air likely.
How blockchain is making the supply chain more trustworthy Kayla Matthews explains some of the global uses of blockchain in logistics and supply chain.
Shipping firms to pay $1.8 million fine for troubled reefer ship A U.S. Coast Guard investigation in February discovered the Nederland Reefer's chief engineer had devised a scheme to illegally dump oily bilge into the sea.
Commentary: Wolfgang Lehmacher - a profile in supply chain, innovation and technology Market Voice Brian Aoaeh has a fascinating interview with Wolfgang Lehmacher, an expert on global supply chains (and much more)!
Today's Pickup: Study suggests managing electric grid would offset power demands of EVs A new study says that proactively managing the electric grid by utilizing excess capacity in electric vehicle batteries could ease peak demand and lower overall...
Big flames, not a lot of impact: California tank fire contained, I-80 reopens The explosion and fire were near a refinery, but initial reports that they were at a refinery were incorrect.
US tariffs take heavy toll on China (with video) September saw China record its lowest monthly export growth to the U.S. since 1996 as the trade war inflicted more damage.
Port Report: MSC adds to big ship trove with latest $762m order World's second largest container fleet continues push with ultra-large container ships.
Canada's outlier trucking bankruptcy reveals millions owed to U.S. lender (with video) Court filings show that FTI, the Canadian sibling of HVH, had more than C$18 million in debts including C$16 million to U.S. Bank in one...
Persian Gulf-Europe freight at 11-year high could hit jet arbitrage: traders Clean Long Range tanker rates from the Persian Gulf to Europe soared to an 11-year high Tuesday, raising concerns about the workability of the jet arbitrage, traders said.
Asian regrade slumps to near 1-year low as gasoil extends bull run, jet bearish Singapore (Platts)--15Oct2019/1153 pm EDT/353 GMT Expectations of a further bull run in the Asian gasoil market amid strong fundamentals, coupled with a sluggish jet outlook has led the Asian physical regrade to widen to a near one-year low, S&P Global Platts data showed.
USGC crude exports flowing despite 128% VLCC freight spike Total volumes of US-origin crude exports are expected to see minimal impacts from spike in US Gulf Coast-loading VLCC freight rates of more than 128% since September 25
S Korea's 380 CST bunker premium drops to 2-month low on HSFO destocking The premium of South Korean delivered 380 CST bunker fuel to benchmark Mean of Platts Singapore 380 CST high sulfur fuel oil assessments dropped $22.32/mt week on week to a two-month low of $107.93/mt Tuesday on HSFO destocking ahead of IMO 2020.
Fujairah takes Argentina's Escalante crude for LSFO production Flows of Argentina's heavy-sweet crude Escalante to Fujairah, UAE, have been seen in recent months, as the grade is sought to produce low sulfur fuel oil at the emirate's two crude processing facilities, Platts trade flow software cFlow indicates.
European VGO market under pressure from rise in freight rates The European vacuum gasoil market has come under pressure of late, with the rise in freight rates globally impacting the arbitrage to the US, leading to a build in stocks, sources 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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