|SEPTEMBER 23, 2019|
- Asia-Europe rates dip 5.2pc to US$639/TEU, USWC plunge 7.5pc to $1,338/FEU
- COSCO Shipping Ports sells stakes in three terminals to SIPG for US$150m
- DHL Express announces 5pc price increase for 2020 in Hong Kong and Macau
- Global container fleet swells to 23m TEU - scrapping slows and demand weakens
- MSC's third 23,000 TEU boxship named 'MSC Samar' in Bremerhaven
- ILWU warns of massive job losses with automation of BC terminals
- CMA CGM starts rail service linking Rotterdam with German hinterland
- Nairobi flower conferences October 23-24 in Radisson Blu Hotel
- Boeing anticipates Chinese airlines will require 8,090 new aircraft by 2040
- Airbus ups forecast for new cargo aircraft to 2,800 units by 2038
- Qatar Airways reports FY2019 loss of US$2.7b despite rise in cargo revenues
|SEPTEMBER 22, 2019|
- NYK conducts Japan's first carbon-neutral voyage
- Shipping cyber security white paper published
- Mansukh Mandaviya had a busy schedule at Cochin Port
- Port of Rotterdam signs agreement with Panama Canal
- V.O. Chidambaranar Port shatters two records by handling ship with highest parcel size & DWT
- Hydraulic Trailer Owners Association holds 12th AGM in Mumbai
- Ministry of Railways enters into MoU with Odisha govt for joint redevelopment of Bhubaneswar station as multimodal transport hub
- Corporate tax rates slashed to 22 pc for domestic companies & 15 pc for new domestic manufacturing firms
- GST rate on goods as recommended by the GST Council in its 37th meeting
- India-US trade has the potential to double & reach $280 bn in five years, says Envoy
- Relevant service-related exemptions/ changes in GST rates/ITC eligibility criteria
- Subhash Desai graces MALA 2019 as Chief Guest
|SEPTEMBER 23, 2019|
- From South America to the world
- First unitised direct train connects Coevorden and Nässjo
- Prologis builds logistics facility in Le Havre
- Awards for two intermodal veterans
- Remaining 100% CO2-neutral
- Cebu Pacific Air in the cargo cloud
- K Line's sustainability acknowledged again
- Lineage Logistics acquires more cold storage facilities
- Smugglers' dreams evaporate
- Searching for vessels via Ocean Finder
- Synergy Group opens new office in Copenhagen
- Leipzig forwarder buys thirteen new semitrailers
- "Curiosity of the Day"
- Messaggerie Libri extends contract with Ceva Logistics
- New head for a new department
- Greenyard expands fleet in Poland
- Digital takeover for Green Steam
- Groupe ADP wins consulting contracts in USA
|SEPTEMBER 20, 2019|
- Shipping lines 'at mercy of forwarders' who won't commit, with blank sailings likely to continue
- Hong Kong delays air cargo screening programme as economy and air trade falter
- Clouds fog cannabis shipments, causing headache for carriers
- Air cargo: don't rest on your laurels, other modes are targeting your business
- IRU calls for increased focus on road transport as Amazon - and others - go green
- FedEx CEO: Amazon among rivals "we wake up every day trying to think about"
- CMA CGM says "no" to the Northern Sea Route
- Market Insight: Ceva's moment of truth as 'CMA CGM risk' fears unsettle the marketplace
|SEPTEMBER 20, 2019|
- 3Maj to complete second Algoma Equinox class vessel
Canada's Algoma Central Corporation has reached an agreement with Croatian shipbuilder 3Maj Brodogradiliste to acquire the second of two sister Equinox Class 650' self-unloading bulkers ordered before the shipyard got into financial
- Why North Carolina added a pedestrian-only boat to its ferry mix
This year's FERRIES 2019 conference is putting a major emphasis on operator experience. Among the strong panel of speakers is Jeb Dixon, Deputy Director of NCDOT's Ferry Division. He will share lessons
- Ørsted to deploy giant 12 MW turbines on two U.S. offshore wind farms
Ørsted has selected GE Renewable Energy as the preferred turbine supplier for two of its U.S. offshore wind farms - marking the world's first commercial deployment of GE's Haliade-X 12 MW offshore
|SEPTEMBER 20, 2019|
- The Lloyd's List Podcast: IUMI 2019
The annual marine insurance bun-fight that is IUMI may not be everyone's idea of a party, but there was a...
- Gulf countries step up security measures
Kuwait raises security level at is ports as Saudi Arabia and the UAE join the Bahrain-based naval mission
- The Interview: Gene Seroka
This year has been a testing time for the executive director of the Port of Los Angeles, who came under...
- Enforcement and training back under the spotlight as deadly liquefaction casualties continue
The disappearance of the Indonesia-flagged Nur Allya bulk carrier last month with 25 seafarers on board was just the latest...
- Rogue shippers: The bane of box shipping
This year the spate of fires has seen no let-up, with blazes on board Hapag-Lloyd's Yantian Express, the APL Vancouver...
- Aurelius partners Ardent management team in buyout of salvor
Deal appears to signal a step back from salvage for co-founder Svitzer and Crowley
- The Middle East bet that paid off
There are 135 Singapore-owned OSVs in the Middle East Gulf, second only to the UAE in terms of the owned...
- The known unknowns
Instability is undesirable in container shipping, but there could be some silver linings amongst the clouds
- Daily Briefing
Free to read: DP World eyes further offshore expansion | Insurers raise box fires as shipping's hot topic | Reefer...
- MSC poised to invest in flagship Liverpool2 terminal
Mediterranean Shipping Co's terminal division takes stake in Liverpool terminal
- POSH-Ezion JV defaults on loan
Despite being in a protracted offshore downturn, POSH is the better-performing half of the JV. However, it now warns of...
- Glencore joins global agribusiness blockchain initiative
The digital platform will be launched in the second half of next year
- LNG Ltd and Delta Offshore agree deal for Vietnamese LNG-to-power project
The integrated project, which includes the construction and operation of an LNG import terminal, 3,200-megawatt combined-cycle power plant and delivery...
- Marefind offers new careers and jobs platform for shipping and yachting
New tool for job-seekers and companies alike makes job-post and job-search easy
- Richard Janssen takes over as salvors' leader
Smit managing director succeeds Charo Coll as president of the International Salvage Union
|SEPTEMBER 20, 2019|
- CMA CGM drops US detention/demurrage fee after pushback
- FMC extends comment period on detention/demurrage rule
- LTL benefits from shifting US shipping patterns
- Spot rate declines continue in eastbound Pacific
- Shipping emissions data quality not an excuse for inaction
- Government response to union pushback to shape future port automation
|SEPTEMBER 20, 2019|
- Clarksons remains positive but cautious on shipping demand risks
Clarksons is maintaining a positive outlook on shipping markets, despite demand challenges in the months ahead which will need to be tracked closely. IMO 2020 and longhaul trades are giving a "boost" to demand, the research arm of the London-based shipbroker said in its autumn 2019 market outlook report. Clarkson's benchmark ClarkSea earnings index has risen 12% from a year ago, with the tanker
- IMO 2020 fuel switch may accelerate on Saudi woes
Financial incentives may be strong enough for shipowners to begin their switch soon due to high HSFO prices.
- TradeWinds takes pause for scheduled maintenance
Even news organisations need an occasional dry docking. Our staff will not be updating the TradeWinds web edition starting at 1600 London time on Friday, 20 September, during a project to improve its IT infrastructure. Our journalists will be back online bright and early on Monday, 23 September.
- CSSC Shipping wins debut A grade from Fitch
Hong Kong owning unit of giant Chinese shipbuilder seen as "strategically important."
- Sergey Frank could take on new project after resignation
Sovcomflot CEO made the choice to move upstairs at Russian shipowner, sources said.
- Boxship line Eimskip may sell ferry unit
Capital structure also being examined by Icelandic company's bosses.
- 'Prolonged' OSV weakness led to POSH Terasea default
Singapore's Ezion Holdings says tough markets are to blame for financial trouble at JV
- Smit's Richard Janssen takes over at ISU
Wreck removal expert says he wants to 'encourage high standards'.
- Hill Dickinson shipping chief Clark switches to Ince
Global maritime boss jumps ship after two years of building up law firm's global presence.
- Cleaves: Frontline making all the right moves
Analyst raises target price after Fredriksen company switches focus from suezmaxes to VLCCs.
- NYK claims 'carbon-neutral' first for Japanese owners
Car carrier completes voyage using offsetting of carbon dioxide.
- Second auction looms for Brightoil VLCC as price disappoints
Hong Kong court orders Brightoil Galaxy to be re-tendered after best offer was $61.5m.
- Dire straits for shipping: The TW+ Quiz
Test your knowledge of a turbulent three months for the industry
- Incheon opts for cold-ironing to slash vessel emissions
ABB to install technology at new ferry terminal and South Korea's largest cruise terminal
- Borealis switches from seller to buyer with trio of boxship deals
Three out and three in as Christoph Toepfer-led focuses on younger, larger containerships
- Lauritzen Bulker captain fined for lying over cargo hold safety
Seafarer passed out during discharge operations after master claimed gas-tests had been carried out
|SEPTEMBER 20, 2019|
- August employment level reaches new low at U.S. railroads
As precision scheduled railroading takes hold, headcount levels drop to their lowest in years.
- Diesel consumption dropped in California, but it's not what you think
Diesel consumption in California fell in the beginning of 2019, led some to believe that there was a sudden transition to other fuel sources.
- FreightWaves oil report: refining capacity is good for truckers, and it's rising
Whether its a small renewable diesel plant or a big refinery expansion, growth is ongoing.
- DOWN UNDER TRUCKING: injured truck driver wins US$1.15 million compensation
Truck driver Terry Damon will receive a total of A$1.7 million (US$1.15 million) of compensation from his employer, a shipper and a consignee, after they...
- Truck tolls, EV subsidies drive $60B climate package in Germany
German officials have unveiled a $60 billion climate policy package, one of several government and private-sector emissions reductions schemes that have been introduced ahead of...
- Kalitta may be forced to exit Schiphol airport
U.S.-based freighter operator Kalitta Air may be forced to exit service at Amsterdam Airport Schiphol, a key European hub for 15 years, over an ongoing...
- Ocean shipping on Wall Street: the sound of silence
Capital-market sentiment is so bad in New York that ship owners may end up raising more money in Oslo this year.
- GM halts assembly operations at Canadian plant as strike fallout continues
Automaker stops producing vehicles at Oshawa plant as temporary layoffs hit GM workers and suppliers including CEVA Logistics.
- Remnants of Tropical Storm Imelda still affecting freight businesses in the Houston area
The one-two punch of torrential rains and heavy flooding from Tropical Storm Imelda has forced road closures and route changes for freight businesses in Houston...
- Proposal floated to allow USPS self-declaration of foreign postal shipments; keep US in UPU
France, Germany float proposal that would increase USPS charges for handling foreign mail, keep US in UPU
- Visibility entices, and frightens, the supply chain
Carriers leery of sharing data on collaborative logistics platforms.
- California takes lead in suing Trump over emissions standards authority
California moved as expected Friday, Sept. 20, to sue the Trump administration over stripping its waiver to set tougher emissions standards for passenger cars and...
- National freight volumes now positive for two straight months as 2018 comparisons ease
Freight volumes and rejections continue their newfound winning ways
- FMC extends comment period for container availability rule
The U.S. Federal Maritime Commission set the new comment deadline for its notice of proposed interpretive rule to address demurrage and detention practices to Oct....
- McLeod Software launches virtual AI Truck Racing League
McLeod Software launched a virtual Artificial Intelligence Truck Racing League (AITRL) designed to educate the transportation industry about the importance of machine learning through gamification.
- Freight Futures for the win
FreightWaves President George Abernathy makes hedging fun at CSCMP Edge 2019.
- Postmates raises $225 million, nears initial public offering
When a company raises a significant amount of capital this close to its public offering, it could reflect cash insecurity or the basic desire to...
- Servicing trucks in the era of Truck-as-a-Service
As trucks adopt advanced technologies, there is a growing need for tech-savvy mechanics to service them.
- Container shipping growing more slowly than in 2018
BIMCO says there are "several indications" that goods are being shipped from the Far East to Europe and then transhipped to the U.S. East Coast...
- Latest US sanctions take aim at Iran's banks
The Treasury Department adds two banks to the Specially Designated Nationals and Blocked Persons List in response to Iran's alleged involvement in missile attacks against...
- Freight Futures daily curve: 9/20
A rate correction in the East drives National freight futures lower on Thursday.
- Record floods in Texas fading, but not gone (forecast video)
Up to 40 inches of rainfall in parts of southeastern Texas the past three days. More wet weather possible today.
- RateLinx launches platform to help data drive strategy, not just efficiency
By creating a one-stop shop, RateLinx hopes to offer shippers cost savings alongside data analysis.
- Costs of California drayage expected to rise under AB5
Despite sea change in business model, carriers and drivers may want to wait for more clarity.
- Weighing trade imbalance
Academics look at the trade imbalance between the United States and China and weigh in on possible fixes.
- Temporary logistics workers will earn more this holiday season, finds Wonolo report
Businesses will pay up to 14% more on logistics-related temporary jobs during the upcoming holiday season.
|SEPTEMBER 20, 2019|
- Oil markets seen underestimating Middle East risk premium
- FUTURES 4: Product crack spreads weaken as USGC refinery operations return
- Bunkers supplier Monjasa awaits 0.5%S demand in Panama: Americas chief
- Brazil's Petrobras to lower sulfur cap for bunkers to 0.5% from October