Great Lakes ports had "robust" September U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum and wind energy components. "U.S. Great Lakes ports are reporting
Plaquemines LNG export project gets DOE approval The U.S. Department of Energy (DOE) yesterday issued an order to Venture Global Plaquemines LNG, LLC (Plaquemines LNG) approving exports of domestically produced liquefied natural gas (LNG) from the Plaquemines LNG Project.
VIDEO: Autonomous Mayflower will carry research pods, not pilgrims IBM (NYSE: IBM) has joined the Mayflower Autonomous Ship (MAS) project, a global consortium of partners, that is building an unmanned, fully-autonomous ship that will cross the Atlantic on the fourth centenary
Schottel delivers propulsion units for world's first emissions-free push boat Spay, Germany, headquartered propulsion specialist Schottel is to supply two rudderpropellers for the innovative push boat Elektra. Currently under construction at the Hermann Barthel shipyard in Derben, Germany, Elektra, will be the
Castrol: Shipping must expect a "new normal" Lubricants supplier Castrol says the shipping industry should expect a period of "new normal" where continuous change in environmental compliance standards is driven by regulation, adding layers of technical complexity for owners
Giant Saudi shipyard licensed to build new GustoMSC jack-up design Saudi Arabia's International Maritime Industries (IMI) has signed a license agreement with GustoMSC that will enable it to construct and deliver drilling rigs built to a new GustoMSC jack-up design. International Maritime
Tanker rates retreat as eastbound routes cool Owners remain confident that a long-awaited tanker rates recovery will continue, although at more sustainable levels
Ships will be fined for non-compliance with IMO 2020 Although the amount of the penalty has not been decided yet, and depends on each port state, those responsible for...
Brexit deal proposes 'border in the Irish Sea' arrangement 'This deal does deviate substantially from the previous administration's withdrawal agreement. This will mean that in longer term the UK...
All-Greek merger to develop green digital solutions for shipping Environmental engineering group and smart shipping innovator join forces, saying they aim to speed up development of green digital solutions...
Shipowners demand EU action to combat Gulf of Guinea piracy The Gulf of Guinea accounted for 86% of incidents globally in which crew members were taken hostage and nearly 82%...
Cosco VLCCs wait for US waivers to discharge cargoes Lloyd's List Intelligence data shows that seven of the VLCCs are still loaded with cargoes. This information is based on...
Shipping looks to data to guard against exogenous shocks The industry can mitigate the effects of macro-event shocks by using data to build connectivity with their partners and capture...
MSC rules out using northern sea route Industry focus should be on limiting emissions and protecting the environment, says Diego Aponte
Modec agrees FPSO deal with Petrobras Production is scheduled to start in 2022 and its operation is part of the Marlim cluster revitalisation project in the...
Perils of 'obscure' shipping regulations flagged UK manufacturing representative warns of the potential issues that still linger, despite government preparations for leaving the European Union on...
Southern California ports' growth rate criticised The sharpest criticism was reserved for the adverse financial impacts of climate agenda red tape, noting that the ports of Los Angeles and...
Lines must change as quickly as supply-chain customers The shifting of the supply chain out of China is a long-term trend, not just a short-term phenomenon due to...
Channel trade 'should have parity with Irish land border' Port of Dover official says lorry crossing Irish land border is the same as lorry crossing from Dover into continental...
UK freight 'not ready for no-deal Brexit' Government actions to mitigate any risks attached to a WTO Brexit are now out of its control, according to the...
Bank lending to shipping plunges further Survey shows China Exim Bank as the world's largest bank lender to shipping, but overall banks have continued reducing their...
LNG carrier owners bullish for near future Owners and analysts tell conference that a tight market bodes well for an extended good run for LNG carriers
Daily Briefing Free to read: Cosco Shipping's tanker unit denies vessels are 'going dark' | A lesson for China tanker investors |...
Viewpoint: Ferries to the fore The whole world of shipping is abuzz about how the industry is undergoing change, but the ferry sector seems to...
Elijah Cummings remembered for Jones Act support The American Maritime Partnership has honored the passing of Congressman Elijah Cummings for his staunch support of the US Jones Act during his political career. Cummings, who spoke for residents of Baltimore, Maryland, in the US House of Representatives, died Thursday morning at the age of 68 due to health problems. The city native and resident served as chairman of the Committee on Oversight a
Tanker bulls retreat amid subpar ex-Cosco VLCC fixture Daily TCE assessments for VLCCs, suezmaxes, aframaxes, LR1s and MRs are all falling on the Baltic Exchange
Fuel to be removed from grounded Rhodanus France sets up exclusion zone around general cargoship in Corsica
3 Maj shipyard regains access to bank accounts Croatian shipbuilder had money frozen following legal action over dispute payment dates
Was sanctions-busting tanker responsible for huge Brazilian spill? Authorities probe whether 2,000km-long slick may have been caused by vessel carrying Venezuelan oil
Suezmax period rates jump on buoyant spot trade Teekay Tankers reportedly fixes out three ships at progressively higher rates
BlueMountain spent big on many top companies BlueMountain Capital investment targets included: Euronav: BlueMountain held 8.8m shares (6.8%) at Euronav's US initial public offering (IPO), according to a prospectus filed in September 2014. It no longer held a stake of 5% or more by 31 December 2015, according to an annual report filed in 2016. BlueMountain fund closure exposes private equity's investment flop in shipping Private equity ov
BlueMountain fund closure exposes private equity's investment flop in shipping Hedge fund's failure is a salutary tale for new investors lured into shipping
Ex-Credit Suisse banker 'pocketed $45m in bribes' from yard group Andrew Pearse testifies in US trial of Privinvest salesman
Union Maritime and Avin International scoop up three Brightoil tankers at auction Credit Suisse is set to cash out of its Brightoil aframaxes despite buyer worries over drydocking
Iran ready to present 'footage' of tanker attack to UN Government spokesman says evidence implicates Israel, Saudi Arabia and the US
Anchor-handler rates hit $65,000 as tonnage disappears Viking Supply Ships secures top rate of the day for OSV duo from Taqa
Insurance brokers cash in as war-risk rates soar in wake of attack on Sabiti High-risk VLCC voyages priced at up to $280,000 as tensions in the Middle East Gulf flare once more
Norden gets healthy price for five-year-old MR tanker Nord Geranium reported sold to South American interests
Evalend takes VLCC newbuild tally to four Evalend Shipping has added 'another VLCC newbuilding at Hyundai Samho Heavy Industries. Shipbuilding players said the latest order brings to four the number of 300,000-dwt crude 'carriers it has under construction at the Mokpo shipyard. Evalend firms up option for VLCC at Hyundai Heavy Industries An industry source said the company still has an option for 'another ship at Hyundai Samho. The opt
Spot rates at lowest level of year on biggest box trade Carriers make capacity cuts on Asia to Europe routes, but moves have not worked
MSC adds to boxship lines' boycott of Arctic routes Giant Swiss owner follows CMA CGM and Hapag-Lloyd in ruling out sailings through environmentally sensitive region
Supply and demand factors key to VLCC earning peaks TradeWinds' archive shows spikes in 2004, 2007, 2018 and 2019 were underpinned by tight vessel supply and Chinese oil demand, while geopolitical tension played a minor part
Clyde & Co adds marine lawyer to its Glasgow office Stefanie Johnston will join Clyde & Co's Glasgow office next week as partner in the law firm's global marine and insurance segment. Reed Smith poaches Clyde and Norton Rose lawyers Johnston joins from Keoghs, where she started up the firm's UK-wide marine practice, as well as undertaking marine construction, regulatory and insurance work. Clyde & Co said Johnston will establish and build its ma
Lenders' 'flight to quality' is opportunity for leaseback players Fearnley Securities' head of asset-backed financing Nicolas Duran says banking caution is creating arbitrage window for financing alternatives
Star Bulk could generate $300m in scrubber savings Deutsche Bank says current fuel spread means company could achieve zero debt and target consolidation
Eyal Ofer-backed Zodiac swoops on ex-Brightoil VLCC for $61.5m With rising tanker rates pushing up values, London shipowner may have secured an attractive deal
Data, data everywhere, but in the end sentiment still rules The astonishing tanker rate spike underlines how psychology continues to drive markets
Kamsarmax asset play pays off for BW Dry Cargo's Bonfils Sohmen family-backed outfit takes 35% profit on sale of bank-deal bulker
BBC Chartering's Ulrichs charts course towards newer vessels Fleet renewal tops the to-do list for new boss of leading German MPP operator
France calls for European ship fuel tax Finance minister Bruno Le Maire signals potential cost shock for owners
SBM Offshore seals $1.14bn financing for FPSO Dutch owner taps nine banks for construction cash
Belships continues in expansion mode with Japanese ultramax deal Oslo-listed owner agrees deal to secure third 61,000-dwt bulker in less than two months
Berge Bulk sells third VLOC for scrap this year as it renews fleet Berge Bulk is believed to have struck its third VLOC scrap sale of the year. The James Marshall-led shipowner has offloaded the 289,000-dwt Berge Bureya (built 1993) in an "as-is" deal in Singapore for $410 per ldt, or $15.3m. Scrap means scrap, says seller TCC in capesize row with GMS Troim's 2020 Bulkers set to start rewarding shareholders The vessel is not due for special survey until 2021
Charter rates for LNG carriers surge in tonnage drought Even older steam-turbine tonnage is achieving more than $100,000 per day in red-hot market
THE Alliance cuts transpacific services for winter season THE Alliance is cutting its transpacific services for the slack season from November to March. The service between Asia and the US east coast will be suspended after the last sailing of the 8,236-teu YM Utopia (built 2008) on 31 October. Container freight rates drop as slack season kicks in The Taiwanese owners of the YM Utopia have received a handful of offers up to $27.5m for the vessel, acco
Gulf of Guinea still piracy hot spot, despite release of MC Schiffahrt crew Number of incidents may be down, but those involving guns and knives remain consistent
Japan's freight industry sluggish in second half of 2019 Japan's freight industry is set for a downturn on the back of declining economies in the U.S., China and the Eurozone, new research reveals.
Golden Ray, ship that capsized at Port of Brunswick, to be cut up The car carrier Golden Ray, which ran aground and capsized while it was leaving the Port of Brunswick, Georgia, on Sept. 8, will be cut...
Tropical storm could flood Gulf Coast this weekend Storm poses "possibility of life-threatening inundation from rising water moving inland from the coastline."
UPS' entry could raise interest in flat-rate parcel shipping UPS has entered the flat-rate pricing game, trying to do things differently than its chief rival.
Marten Transport posts best-ever operating revenue, income in third quarter Marten Transport posted its best-ever third-quarter operating revenue and operating income in the company's 74-year history in the third quarter of 2019.
FreightWaves LIVE Chicago: Fireside chats offer deep dives into future of transport, logistics and beyond FreightTech, mobility and trade on tap in 20 discussions drawing a mix of industry titans, emerging players and luminaries during FreightWaves' high-tempo two-day conference in...
GlobalTranz acquires Chicago-based brokerage Global Freight Solutions GlobalTranz has added to its portfolio with the acquisition of Chicago-based Global Freight Solutions.
Gecas places freighters with struggling Garuda Parent of Gecas is winding down aircraft leasing operations
Bigger planes to contain costs at United Airlines, officials say Story updated at 5:01 p.m. to reflect correction for passenger costs. United Airlines [NASDAQ: UAL] expects to drive down growth in operating expenses starting next...
Volvo Trucks will lay off 3,000 workers because of UAW strike at Mack Trucks (with video) The impact of a United Auto Workers' strike at Mack Trucks will nearly double next week when Volvo Trucks North America lays off about 3,000...
US sanctions could be lifted if Turkey's ceasefire holds Turkey has the next five days to maintain the ceasefire against Syrian and Kurdish forces before the U.S. sanctions are removed.
Technology company Continental pushes toward Industry 4.0 across its production floor Continental has partnered with SAP to standardize its manufacturing processes and gain real-time visibility into floor operations.
As fleets adopt technology, the public remains skeptical of safety focus Fleets have been investing in safety technologies, but the public does not seem to be recognizing this fact, with the majority of Americans believing they...
U.S. maritime defender Elijah Cummings dies Maryland congressman was staunch supporter of the Jones Act and U.S. flag shipping.
Freight Futures daily curve: 10/17 Fundamentals in the Atlanta market a key driver for East regional Trucking Freight Futures on Wednesday.
DHE electrifies yard trucks in Ontario facility It's the first step in a broader plan to transform the site into an emission-free freight terminal.
Key freight market indicators drag down carrier pricing power this week (with video) Weak tender load volumes and rejections this week push the index toward shippers.
Customs brokers face challenges from blockchain, e-commerce and higher de minimis West Coast forwarders and customs brokers discussed blockchain, e-commerce, big data and Section 321 at their annual WESCCON gathering.
U.S. rail volumes still falling With U.S. rail volumes still slumping, the Class I railroads wondered in third-quarter earnings calls when the downward trend would end.
DoorDash's new delivery kitchen capitalizes on the "Netflix economy" Instead of providing square footage for dine-in customers, five restaurant operations will use the kitchen solely to prepare the food for delivery through DoorDash's app.
Wicked winds continue to hammer the Northeast (forecast video) Nor'easter keeps cranking today. Additional power outages, roadblocks likely across New York, New England.
Legislation supports US sanctions for threats to Hong Kong's sovereignty The Hong Kong Human Right Rights and Democracy Act, which unanimously passed the House of Representatives on Oct. 15, puts pressure on Hong Kong to...
Today's Pickup: Water trucks deliver relief as Turkey pushes into Syria UNICEF continues delivering thousands of gallons of water per day as relief agencies struggle to continue operating amid Turkish offensive into Kurdish-controlled territory.
Alitalia rescue plan talks continue after latest deadline expires Probable investors Atlantia and FS seek concessions
More network changes could happen in 2020, Union Pacific says (updated) Rationalizing additional network assets is still a possibility in 2020.
Lufthansa strike still scheduled Cabin crew union in dispute over pay and pensions
SmartDrive Video Insights: a lawyer speaks on the value of cameras This is another in a series of videos produced by FreightWaves and SmartDrive, recorded at the recent SmartDrive Customer Conference in Atlanta. FreightWaves editor-at-large John...
IAG Cargo offers end-to-end cargo monitoring service IAG Cargo partners with Cargo Signal
Trucking alert: Criminals to target Brexit chaos? Brexit is now only two weeks away but the dangers facing truckers and shippers continue to mount.
Freight All Kinds: Moving money is a precise drill Moving billions of dollars in coins and currency around the U.S. is a precise operation, but it doesn't always go as planned.
Skyrocketing freight prompts tankers to defer scrubber fittings "Our customer has told us that they are going to postpone their scrubber appointment to Q1 next year," a bunker trader said.
Cepsa supplies 0.5% fuel
US Marine Fuel 0.5%S trades for first time in MOC process after moving to $/mt basis Marine Fuel 0.5%S traded Thursday in the Platts Market on Close assessment process for the first time since moving to a $/mt basis.
NuStar working with first responders to extinguish California ethanol tank fire "There are two impacted tanks, which were holding very low volumes of ethanol -- less than 1% of tank capacity," said the company.
Petroperu reaches agreement with Spain's Tecnicas, Cobra on refinery upgrade Petroperu has changed CEOs six times since work got underway on the contract in 2014, leading to 18 months of delay and $500 million in cost overruns.
Japan delivered high sulfur bunker premium hits 11-year high amid tight supply "Many orders were diverted to the other refineries but they have not increased their supply. Barges are also insufficient," a trader 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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