Ahtna subsidiary acquires dredging specialist Pompano Beach, Fla., based dredging specialist Cavache, Inc. has been acquired by Ahtna Marine & Construction Company, LLC (AMCC), a subsidiary of Ahtna, Inc., a not for profit Alaska Native Regional Corporation.
Med Marine orders MAN 175D engines for Svitzer ice-breaking tugs MAN Energy Solutions is to supply the main propulsion engines for two new Robert Allan Ltd. designed ice-breaking ASD tugs that will be operated by Svitzer in the Scandanavian region. Each vessel,
SCF announces domestic short-sea container on barge rates SCF Marine Inc. a subsidiary of SEACOR Holdings Inc. (NYSE:CKH) today announced rates for its container on barge (COB) logistics service. Operated by SEACOR AMH ("AMH"), the service provides customers with containerized
USCG responds to discharge from tug that hit bridge The Coast Guard has been responding to a discharge of diesel from a semi-submerged tugboat in the vicinity of the Old Bonner Bridge in Oregon Inlet, N.C. The tugboat allided with the
Vigor wins $19.9 million Navy contract Vigor Marine LLC, Portland, Oregon, has been awarded a $19,963,709 firm-fixed-price contract for a 75-calendar day shipyard availability for the regular overhaul and drydocking of USNS Matthew Perry (T-AKE 9). The contract
Wight Shipyard calls hybrid SES crew transfer vessel a "game changer" Britain's Wight Shipyard Co. has released some more details of the first-of-its-kind hybrid surface effect crew transfer vessel that it is to build for offshore wind support specialist CWind. The SES will
ShipMoney launches initiative to help seafarers in need International maritime payment solutions provider ShipMoney and the International Seafarers' Welfare and Assistance Network (ISWAN) have launched a new initiative called ShipMoney Cares. Managed by ISWAN, the program is available to seafarers
Oldendorff in research agreement with MIT German bulk carrier specialist Oldendorff Carriers has signed a research agreement with the Massachusetts Institute of Technology's (MIT) Center for Bits and Atoms (CBA). Under the agreeement, Oldendorff, together with CBA and
W Group plans to sell stake in DHT DHT expects closure of the offer for 10% of its shares to happen around November 21
UK Chamber says political demands will pay for themselves 'I sense that shipping is very much to the fore of politicians' minds, because of the importance that shipping represents...
North Club imposes 'transparent' 7.5% general increase and warns on combined ratio A transparent general rating increase is the most appropriate and equitable mechanism by which to notify members of the club's...
EU shipping emissions regulations: A sweet spot or a bureaucratic monster? The incoming European Commission is poised to regulate emissions from ships and two voices from each side of the argument...
VLCCs and Japanese-built handysizes best bet for asset plays Limited opportunities for asset plays in the past 10 years, as well as the current cautious approach to investment in...
Euronav gains two suezmaxes with joint venture The very large crude carrier giant partners with 'affiliates of Ridgebury Tankers' and 'clients of Tufton Oceanic' to set up...
VLGC spot rates rise to five-year high Renewed levels of charter inquiry in the Middle East Gulf drove the rise
Ocean freight customers face significant fuel price rise next month Customers with annual contracts have been requested by some carriers to start paying an International Maritime Organization bunker adjustment factor from...
Daily Briefing Free to read: Hong Kong to remove profit tax for shipping lessors | MSC names Søren Toft head of container...
Houthi militia seizes Saudi tug in Red Sea South Korea has reportedly demanded the release of the vessel and its crew, but the Houthi group wants to run...
Euroseas acquires four vessels from Synergy for $40m 'This is a significant transaction for the company as it takes a meaningful presence in the panamax markets' - chief executive...
Malaysia bans open-loop scrubbers Vessels calling Malaysian ports are advised to change to compliant fuels or change over to closed-loop scrubber systems before entering...
Chamber of Shipping publishes election demands 'We want to see greater investment across the UK in research and development so we can lead the world in...
Fleet Management celebrates 25 years at home in Hong Kong Managing director Kishore Rajvanshy hosts his fourth silver jubilee celebration in 2019 in Hong Kong
Bugbee buys another round of Scorpio Tankers options Scorpio Tankers president Robert Bugbee his bought his third round of calls in as many months. The New York-listed product tanker owner disclosed Tuesday that Bugbee had bought call options on 200,000 shares with a strike price of $32 for $450,000. The options expire in January 2020. Scorpio Tankers 'in the foothills of an inflection' In September and October, Bugbee had bought call options for
Seanergy makes $17.8m off May warrant issue Seanergy Maritime Holdings has made nearly $18m by offering millions of warrants to shareholders a half year ago. The Stamatis Tsantanis-led owner of 10 capesizes issued 4.83 million Class C warrants on 13 May, 4.77 million of which were exercised within their 13 November expiry date. The New York-listed company has received $17.8m as a result of the exercised warrants, money that will be put to
BDI flirts with falling below 1,300 Baltic Exchange forward curve shows March 2020 capesize 5TC contracts trading at $12,025 per day
George Economou is not ready for the beach just yet George Economou was invited to assess what shipping might look like in five or 10 years at a time when he will be "sitting on a beach in St Barth's", and was quick to interject. "I don't think so," he said of any suggestion he will be in full retirement mode. "I probably will be spending more time out of the office," he said, but not out of shipping. Acquiring real estate in Saint Barthelemy, t
Best product, wrong price: How does Japan fix its yard problem? Japan's shipyards build the world's best-quality vessels - this is a truth widely acknowledged and is reflected in the secondhand price premium they earn. But high labour costs mean the nation's shipbuilders are pricing themselves out of the market, as the global orderbook shrinks to a level not seen for more than a decade. Mitsui E&S to slash production at Chiba yard Shipyards call for global
Product tanker earnings wobble despite looming IMO 2020 boost Earnings are expected to be strong this winter, but some market players may have been too bullish
Fednav celebrates diamond jubilee in Singapore Fednav, Canada's largest dry bulk shipping company, held a 75th anniversary party at the Aura Sky Lounge atop the National Gallery Singapore. Some 150 shipping executives were treated to the venue's view of the country's iconic landmarks, including City Hall and Marina Bay Sands. Atlantic Basin becomes Fednav's focus for Great Lakes dry bulk fleet Paul Pathy takes sole charge of Fednav The ce
Foreship opens up in Hamburg to target German owners Finnish design house wants to develop closer links with owners and yards
BW Group could make over $100m in downsizing its stake in DHT Holdings Even with the sale, BW will remain the VLCC owner's largest shareholder
IMO slow-steaming rebuff 'a victory of the charterers' But French shipowner Philippe Louis-Dreyfus not giving up after decision not to go ahead with mandatory enforcement
Qatar charters two MSC cruiseships for World Cup Delivery committee fixes two Swiss-owned vessels to house football fans
Sovcomflot: spot spike nice but sustainable rates more important Russian owner's CFO Nikolay Kolesnikov says the company does not want to be dependent on volatile markets
Niche broker ATL Marine & Energy makes its mark in London market Emerging broker in the London insurance scene talks about trading on experience to grow market
Green groups 'disappointed' with IMO's yellow light on speed limits 'Low ambition' seen at IMO working group, where mandatory speed limits took a back seat to operational and technical targets
IMO needs to clarify 'ambiguous' decarbonisation goals, expert warns Green shipping expert Dr Tristan Smith questions whether technical efficiency measures are needed at all.
Maersk mulls structure change after Toft's departure Soren Skou says giant owner may tweak management set-up after losing long-serving COO
New findings point to VLCC in Brazil oil spill, says expert Fresh evidence reaffirms none of the five Greek-flagged tankers originally named as potential suspects are to blame
Dof buys out First Reserve to take full control of Dof Subsea Norwegian OSV owner pays $2.2m for remaining 35% of company
Trouble in the transpacific as trade war takes bite out of container volume This year's container volumes from Asia to the US west coast are poised to drop for the first time in a decade
Hyundai Mipo wins order for $61m LNG bunker vessel Asian company contracts gas supply vessel for delivery in 2022
Avenir confirms Brazilian small-scale LNG deal with Golar Companies teaming up to use Avenir's second 7,500-cbm ship for bunkering operations
Bits and atoms: Oldendorff signs ship design deal with MIT German owner continues quest to make its vessels greener and more economical
Standard Drilling makes $3.9m profit on second PSV sale Norwegian owner cashes in again on strong offshore secondhand market
Houthis seize 16 crew after hijacking two ships and a rig Yemeni rebels capture Saudi tug plus South Korean vessel and drilling platform
Japan can prosper by harnessing the agility of its 'Brave Blossoms' Japan's Rugby World Cup performance was delivered with a nimble strength that its maritime cluster can learn from if it is to remain competitive in challenging markets
KLIP already a major player in the storage and ship-to-ship transfer game Demand for floating storage in Asia is growing, with about 30 VLCCs reportedly being used in the role off the Malaysian coast. Just over one-third of these can be found in the anchorage of Kuala Linggi International Port (KLIP). Belgian shipowner Euronav's two ULCCs - the 441,585-dwt Oceania (built 2003) and 441,561-dwt Europe (built 2002) are among the 11 large tankers being used there in storag
Euronav helps Malaysia's Kuala Linggi International Port realise its bunker-hub dreams Malaysian port operator hopes Euronav ULCC will be the first of many that will supply bunkers from its anchorage
Malaysia's Kuala Linggi International Port to tap industry partners as expansion plans move ahead Malaysian port intends to give Singapore a run for its money in the bunkering and shiprepair sectors
Euronav boosts spot power in suezmax buys with Ridgebury and Tufton Belgian owner and new partners buys two ships for $40.6m to capitalise on winter market
U-Ming heads to Japan for bulker newbuildings Taiwanese owner returns to favoured Japanese shipyard for post-panamax units
Synergy Marine sells panamax boxship quartet to Euroseas Deal worth $40m also sees Andreas Papathomas join board of Nasdaq-listed shipowner
Collisions lead to Singapore arrests Cepheus-owned VLGC and Novellas Union product/chemical tanker held over damage claims
Teekay Tankers' shares still have room to run, says analyst US investment bank says crude tanker markets are in the "early stages of a robust recovery"
Teamsters, port and rail drivers defend AB5's limits on independent contractors Labor advocates say the California law will redress exploitative working conditions at the San Pedro ports.
Uber's "inadequate safety culture" contributed to fatal crash NTSB advises Uber and regulators overhaul AV testing policies.
FedEx, UPS to slap major handling surcharges on more parcels For first time, FedEx and UPS will impose additional handling surcharges on shipments weighing less than 70 pounds.
Canadian SaaS provider Trakopolis replaces CEO amid restructuring Canadian firm whose business includes reselling Keeptruckin electronic logging devices and fleet management solutions attempts to avoid bankruptcy after private equity lender seeks repayment of...
Pilot Flying J launches fuel network targeting small carriers Pilot Flying J is targeting small trucking fleets with a new fueling network aligned with brands like Marathon Oil's Speedway commercial fueling locations. It expects...
Rail agency mulls requiring rail crossing safety plans from all states The Federal Railroad Administration is proposing all states address highway-rail grade crossing safety.
Report: FreightCar America closing Roanoke plant Remaining employees will complete the final order before decommissioning equipment at the facility.
Flexport bets on Canada with Vancouver office U.S. freight forwarder expands north of the border, tapping into growing volumes of trans-Pacific trade from the Port of Vancouver.
Container service returning to Portland, Oregon Farmers and other shippers in Oregon got some good news this week when the South Korea-based container carrier SM Line announced it will bring weekly...
Doncaster Sheffield Airport to boost cargo activities U.K. airport seeks to become Heathrow alternative
Lawmaker aims to halt sexual assault in transportation Bill would require DOT to make assault and harassment incidents publicly available.
Canadian National technology guru departing The railway is confident that the momentum to deploy technology initiatives will continue.
Freight Futures daily curve: 11/19 Trucking Freight Futures markets were quiet on Monday as traders focused on the South.
CBP increases inspections of imported tomatoes and pepper fruits for virus The U.S. Department of Agriculture (USDA) will increase inspections of imported tomatoes and peppers by Nov. 22 to protect against the introduction of the tomato...
Commentary: Is the Alameda Rail Corridor in financial danger? Jim Blaze writes about the Alameda Corridor in Los Angeles, that takes some of the freight from the harbor to distribution centers. Is it still...
Heavy snow, rain, flooding to hit western U.S. (forecast video) Up to two feet of snowfall in the Rockies, flooding rains in the Southwest. Freight flow disruptions likely.
Tata Steel to fire 3,000 workers in Europe citing slowdown and weak market demand Tata Steel is suffering from declining steel demand in Europe, brought about by an economic slowdown and uncertainties revolving the U.K. general elections and Brexit.
Home Depot lowers sales forecast for the remainder of 2019 The Home Depot, Inc. reels in full year sales expectations due to timing of investment initiatives. Management expects broad-based growth to continue as consumer discretionary...
Nikola claims battery tech breakthrough to 600-mile range (Update) Hydrogen fuel cell electric truck startup Nikola Corp. is touting a high-storage battery that could increase the current range of electric passenger cars from 300...
Five ways digitization and ecommerce changed freight shipping Digitization and ecommerce continue to change the movement and delivery of freight. Kayla Matthews examines the issues involved.
Blockchain decentralization proves difficult in oil and gas industry Basu said Ondiflo's "biggest success" was that 65 drivers used the app and they only trained seven.
Today's Pickup: Ferrero turns to FourKites to track shipments Ferrero USA, best known for being the maker of Nutella and Tic Tac, will deploy FourKites' predictive supply chain technology for greater insight into its...
Bulk booze by sea - Part 1: The past A look back at the colorful history of the transport of beer, wine and spirits via oceangoing tankers.
Biesterfeld: C.H. Robinson leveraging technology to lean into SMB accounts Freightquote by C.H. Robinson brings Robinson's information advantage, capacity, and technology to small businesses.
Ex-employee sentenced for embezzling from brother's trucking firm A former Pennsylvania trucking company employee was sentenced to 18 months to four years in state prison for embezzling more than $238,000 from the firm.
DHL invests $136 million in new logistics hub (With Video) The new center at Cologne-Bonn Airport will help meet rising demand for express e-commerce shipments.
CN warns of 'significant disruption' as strike continues Federal minister urges Canadian National and Teamsters to reach agreement as walkout by 3,200 conductors, transpersons and yard workers continues.
Blockchain can help end child labor in cosmetics supply chains The cosmetics industry uses mica in large quantities, which is predominantly sourced from illegal mica mines across India, where child labor is rampant.
Refiners need to be incentivized more to meet VLSFO demand for IMO 2020: FGE "If VLSFO premiums [over HSFO] increase by another $100/mt, we can see another 300,000-400,000 b/d of VLSO," she estimated.
External: Global Risk Management
Inpex CEO expects Murban crude to be in demand for IMO 2020 fuels "We are seeing a growing demand for Murban crude from customers wishing to decrease their intake of high-sulfur crudes," Ueda said.
Crude settles lower as confidence fades in US-China deal Oil market remains susceptible to any signs of a breakthrough or breakdown in talks ahead of the December 15 deadline.
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