|SEPTEMBER 24, 2019|
- OOCL launches box shipping import-export services at King Abdullah port
- Global Jan-July box volumes rise 1.2pc with extra 1m+ TEU due by 2022
- Outlook for container shipping is gloomy as demand softens, capacity expands
- Fuel prices to increase in wake of attack on Saudi Arabia's oil refinery
- MPC Capital and Zeaborn join forces to boost containership management
- Protests and weak economy delay HK's air cargo screening programme
- Greater vetting is required to stop misdeclared cargo posing fire risk on box ships
- Amazon's new Dallas, Texas air hub to start operations in October
- Menzies Aviation implements measures to expand foothold in air cargo market
- Ethiopian Airlines prevails over crash to see profit grows 18pc
|SEPTEMBER 23, 2019|
- Allcargo Logistics felicitated for 25 years of committed service to the shipping & logistics trade at MALA 2019
- Containerised trade in India recorded slower growth than the global average: Maersk India Trade Report Q2 2019
- Hydrogen-powered tug is world first forPort of Antwerp
- NYK concludes long-term contract forcoal-fired power project in Vietnam
- ONE advisory on Brexit security filing requirements
- 'Swachhata Pakhvada' organised at JN Port
- AIP&DWF writes to Shipping Minister for payment of PLR
- Coal import in H1 FY20 at Major Ports registers marginal growth
- Trailer operators call off strike at Chennai Port after agreement
- RBI notifies to relax priority-sector lending norms to boost exports
- Maritime and Logistics Awards (Mala) 2019 (10th edition)
- No need to have trade deal with China before 2020 elections, says US President
|SEPTEMBER 24, 2019|
- Rwanda's arduous journey
- Swiss - Indonesian cooperation sealed
- Digital transformation project in the Caribbean
- Companytrains Cologne - Trieste now open to all customers
- First B737-800BCF to operate in South Asia
- New CPO appointed
- Circle reaches its financial targets
- Railways discuss digitalisation agenda
- Company from Abidjan joins UFO network
- C.H. Robinson to invest USD 1 billion
- Bunkering trial in Kobe City Port a success
- Cargo Claims joins Neutral Air Partner
- United Cargo chooses Staff Management at Denver airport
- DKV buys a 25% share of VAT Services
- West of England picks new claims handler in Greece
- Felbermayr builds new headquarters
- MPP vessel delivered to dp carriers
|SEPTEMBER 23, 2019|
- Governments must ensure compliance with IMO 2020, warns WSC president
- New owner says it's full steam ahead for rejuvenated GB Railfreight
- Atlas Air and Amazon facing wrongful death lawsuit after 767 tragedy
- Kuehne + Nagel goes greener, offering carbon-neutral LCL shipments
- UK PM Johnson questions if Thomas Cook bosses were 'properly incentivised'
- Auto industry warns of 'seismic' no-deal Brexit shock
- Peel Ports JV to develop Liverpool container terminal
- Analysis: Could OOCL provide the answer to CMA CGM balance sheet woes?
- M&A radar: DSV Panalpina - Asia MDs announcement imminent
|SEPTEMBER 23, 2019|
- Kirsi Tikka picks up another directorship
Ardmore Shipping Corporation (NYSE: ASC) has appointed Dr. Kirsi Tikka to its Board of Directors as a Class I director and intends to nominate her to stand for re-election at its 2020
- Topaz signs PSV up for extended drydocking scheme
Dubai headquartered OSV specialist Topaz Energy and Marine has entered its 2012-built, 79.4 m long platform supply vessel Caspian Voyager into the ABS Extended Dry-Docking (EDD) scheme. The program will extend the
- VIDEO: Port of Antwerp orders hydrogen-fueled tug
Belgium's leading port, the Port of Antwerp has ordered construction of what will be the world's first tug powered by hydrogen, the Hydrotug. While most attention to hydrogen as a marine fuel
- USCG slaps cuffs on owner of illegal charter boat
Maybe the owner of the 45 ft pleasure boat Breaking the Habit will break his habit of getting caught operating the vessel as an illegal charter. The Coast Guard terminated the voyage
- Powerful coalition pushes for zero carbon shipping at UN Climate Action Summit
As heads of state and government meet at today's UN Climate Action Summit in New York City, members of the Getting to Zero Coalition - an alliance of senior leaders in the
|SEPTEMBER 23, 2019|
- US Gulf tanker rates rise as Asia heads west to replace cancelled Saudi cargoes
US Gulf to China tanker rates are at the highest level for the year
- Coalition of the willing is another warning for regulators
The Get to Zero Coalition should help the shipping industry decarbonise. But it will still need the IMO to do...
- TEN agrees $35m preferred share placement with investor
Greece-based tanker and LNG carrier owner will use cash raised from convertible sale for 'general purposes'
- Saudi outage changes marine fuel economics as owners move to meet IMO deadline
The spread between high-sulphur fuel oils and compliant fuels needs to remain wide for those with scrubbers to quickly recoup...
- UK Brexit freight and ports contracts start to emerge
New framework provides a list of eight freight operators who could transport critical goods such as medicines after October 31...
- Shipping launches 'moon-shot' initiative to develop zero emission vessels by 2030
Coalition of influential industry heavyweights including Citi, Cargill, Lloyd's Register, Maersk, Shell, Trafigura and Euronav move to focus industry decarbonisation...
- Shipping needs a holistic view on ship emissions
Agreeing on what goes into the lifecycle analysis of future fuels is no less important than debating their green credentials
- Eastern Pacific eyes further LNG-fuelled opportunities
Eastern Pacific's 15-year charter of a sextet of LNG-dual-fuelled containerships to CMA CGM marks a strengthening of ties between Idan...
- Tropical storm Imelda disrupts shipments from US Gulf Coast
Tanker industry players have said they are keeping an eye on the situation
- Daily Briefing
Free to read: Shipping's deadly liquefaction casualty crisis continues | MSC bids to boost Liverpool | The Middle East bet...
- MEO prioritises creditor recovery in debt revamp
MEO chooses not to accept proposals from potential investors, opting instead to table a debt to equity swap and terming...
- India's Petronet signs LNG deal with Tellurian
Petronet has signed the pact for up to 5m tonnes per annum of liquefied natural gas with a targeted timeline...
- MSC Gayane crew member charged after US cocaine seizure
US authorities boarded MSC Gayane when it arrived at the Packer Marine Terminal in Philadelphia in June and seized 19.76 tonnes of...
- Mississippi port has 'no appetite' for the container trade
Pascagoula's identity is borne out by recent trade statistics from the US Census Department showing the nearly 100% industrial nature...
- Saudi drone attack seen boosting tanker earnings
With no expected increase in Saudi exports in the fourth quarter, Asian refiners are seen increasing crude imports mainly from...
- Seaborne trade growth forecasts downgraded amid economic headwinds
In tonne terms, this would be the slowest growth environment since 2009
|SEPTEMBER 23, 2019|
- US freight drivers weak, but recession not certain: economists
- Trans-Pacific carriers eye more capacity cuts amid weak peak
- Ruling allows Montreal port labor action hearing to proceed
- MSC regains C-TPAT status after suspension ends
- K+N pledges carbon neutral LCL from 2020
- Machine learning to speed Estes' LTL billing
- US terminal lobby taps MARAD administrator as new head
- Cross-industry coalition to tackle decarbonizing shipping
- India's project cargo trade softening: Maersk
|SEPTEMBER 23, 2019|
- Hoegh Holdings takes more of Hoegh LNG Partners
Hoegh LNG Holdings has grown its leading stake in Hoegh LNG Partners after its subordinated units converted into common shares. Hoegh aims to fix all its FSRUs long-term in next 12-18 months According to Securities and Exchange Commission filings, Hoegh LNG Holdings owns 15.3 million shares in its New York-traded partner, good for 45.9% of the company. When Hoegh LNG Partners went public in 201
- Seward & Kissel promote three maritime attorneys
Seward & Kissel has elevated three attorneys in its maritime practice to leadership roles. Michael Timpone will lead the firm's maritime and transportation finance group with Edward Horton and Keith Billotti will together run the maritime and transportation capital markets and corporate securities group. Michael Chalos joins Chalos & Co Timpone replaces Larry Rutkowski, while Billotti and Horto
- Former ABS executive Tikka joins Ardmore Shipping
Former senior American Bureau of Shipping executive join Ardmore Shipping's board. The Irish tanker owner announced Monday that Kirsi Tikka had joined its board. Tikka retired from the Houston-based classification society last summer, last serving as its executive vice president, senior maritime advisor. Shipping technology not yet exciting Ardmore Shipping No new ships and no share buybacks,
- Maersk India boxship trade falls in China, surges in Saudi Arabia
Maersk's India boxship business has fallen to and from China yet widened to Saudi Arabia and North America. India exports to the Land of the Red Dragon dropped 20%, driven by less demand for India-made textiles and apparels, according to the Danish liner giant. Imports to China fell 22%. "Amidst increasing global volatility, a slower local economy and the USA's withdrawal of preferential access
- UAE signs up to the US-led Gulf shipping defence coalition
Emirates joins the US, Saudi Arabia, UK, Australia and Bahrain in coalition against Iran, while France and German remain on sidelines.
- TEN to raise $34m in private share sale
US-listed Tsakos Energy Navigation (TEN) said on Monday it plans to raise more than $30m in a private placement of preferred shares to finance "general corporate purposes". Tsakos exec hits out at underwriters' silence over IMO 2020 TEN, which earlier this month confirmed placing an order for up to two 174,000-cbm LNG newbuildings at Hyundai Heavy Industries, said it agreed to sell 3.5 million z
- Scorpio sells two ultramaxes
Scorpio Bulkers plans to offload two ultramax vessels for just shy of $38m, having held them for sale for three months. The Emanuele Lauro-led bulker owner has entered into agreements with an unaffiliated third party to sell 64,000-dwt SBI Puma (built 2014) and 64,000-dwt SBI Cougar (built 2015) for approximately $37.9m in aggregate. Scorpio Bulkers kamsarmaxes good fit for conversions, says CSL
- Axxis Geosolutions signs LOI for two-year contract
But the ocean-bottom node survey company did not reveal in which region work would take place or for whom.
- Under the boardwalk: NYK harnesses tidal power in Singapore
New project sees electricity generated from turbines fitted by shipowner in Asian city.
- K Line Offshore promotes CFO Petter Nordby to top job
Move comes after K Line-controlled Norwegian offshore vessel company reports deeper loss
- Shell, Maersk and Trafigura lead zero carbon push as UN meets
New industry coalition aims to overcome today's lack of feasible zero-emissions ships by 2030 with wide range of participants
- Trafigura chips into $1bn loan pot for Chinese refiner
Commodities trader and shipowner Trafigura has joined a group of lenders providing a near-$1bn loan to Chinese independent refiner Shandong Qingyuan. The finance is backed by future oil sales. The deal highlights how China is opening up to trading houses, Reuters reported, with Chinese banks scaling down lending in the economic slowdown. Frontline sticks to 10 Trafigura tankers Qingyuan operat
- Russian marine agency plots order for 147 ships
Rosmorrechflot wants vessels for Northern Sea Route, ports and inland waterways.
- DNV GL charts roadmap towards a gas-fuelled, low-carbon future
Class society DNV GL says momentum for decarbonised fuels has never been greater in the marine sector
- Ismar settles in at Exmar: 'I am really a gas man'
Former Western Bulk chief executive said the company is looking to streamline the division
- Shipowner proves to be a Pioneer in championing gender equality
With women comprising half of its staff, including in traditionally male departments, Athens-based handysize specialist Pioneer Marine is showing how to nurture female shipping talent
- POSH Terasea hit by second loan default
Lender could call in receiver for two vessels as JV says it owes $7.1m under facility.
- TUI in pole position as Thomas Cook collapses
German tour operator and cruiseship owner set for dominant position in mass-market tourism sector.
- Borealis reveals fourth boxship buy in a week
Deal for Offen Group vessel cost it $10.75m.
- Slow steaming and scrubbers will not solve shipping's IMO 2020 fuel dilemma
The IMO must now work with oil majors to deliver a lower-sulphur alternative at a reasonable cost
- Stena Impero ready to be released, says Iranian official
A government spokesman did not elaborate on the ship's situation or specify when vessel might be allowed to leave Iran.
- Tufton Oceanic Assets share placing raises $31m
London-listed firm said to have attracted host of new investors in second equity raise in 2019
- South African LPG facility sets construction landmark
Four giant storage bullets arrive in Richards Bay aboard Chinese heavy lift vessel.
|SEPTEMBER 23, 2019|
- Norfolk Southern taps Mongeau for board seat
Norfolk Southern announced that Claude Mongeau has been elected as a director. The former Canadian National Railway head may be viewed as an effort to...
- Weekly DOE/EIA retail diesel price takes one of biggest jumps in last 7 years
The weekly average retail diesel price posted Monday by the Department of Energy (DOE) was in the top 20 biggest one-week increases in the history...
- Keep your eye on containers in global circulation
The number of containers is a better bellwether of global trade than the number of container ships.
- IKEA taps DHL for first outsourced distribution center in Canada
Swedish retailer opened a facility near Toronto to accommodate growing volumes of final-mile deliveries to region's fast-growing suburbs.
- Why Freight Derivatives Are Here To Stay in the Trucking Industry
Brian Aoaeh explains why the trucking industry is ready for freight derivatives.
- Lime reaches 100 million rides, pulls car-sharing from Seattle
Lime's shift away from car-sharing allows the company to transition into Seattle's first electric-scooter-share pilot.
- Tropical Storm Karen prompts warnings for Puerto Rico, Virgin Islands
Flooding, wind damage possible as Tropical Storm Karen moves through Caribbean islands. Eventual U.S. mainland strike possible?
- UPS is converting ground fleets to renewable natural gas
UPS was an early adopter of LNG, now it has its sights set on RNG.
- Amazon to open seventh fulfillment center in Ontario, Canada
Amazon to open its 7th fulfillment center in Ontario, Canada with a 1 million square foot building in Toronto
- Federal safety agency issues air brake recommendations to freight railroads
The recommendations by the National Transportation Safety Board relate to a fatal October 2018 accident in which a moving train struck a stationary one.
- Talking across the fence
Team of Rivals? The competing ports of Los Angeles and Long Beach are looking at additional ways to cooperate for their mutual benefit.
- Estes Express partners with DDC FPO for AI-powered freight billing processing
DDC FPO announced on Sept. 23 that Estes Express Lines will use its machine-learning, software-as-a-service (SaaS) program, DDC Intelligence, to mitigate its bill of lading...
- Pricing Demurrage and Detention
The U.S. Federal Maritime Commission (FMC) issued a proposed rule to promote "just and reasonable" demurrage and detention charges.
- Traditional freight brokers investing millions to stay on top
Traditional freight brokerages are ramping up technological spending to keep pace with the industry.
- Freight Futures daily curve: 9/23
Weakness in East drives National freight futures lower for the week ending 9/20.
- Today's pickup: Elon and Jeff: The Best of Enemies; India advances national logistics policy
Amazon's EV order a shot at Tesla; India advances national logistics policy.
- Former Arkansas CEO pleads guilty to two counts of tax fraud
Donald Tankersley, 76, former chief executive officer of White Dairy Ice Cream and Tankersley Food Service in Van Buren, Arkansas, pleaded guilty to two counts...
- Flooding, road closures continue in southeastern Texas
Interstate-10 bridge remains closed near Houston after last weeks flood damage. Other roads still underwater.
- 1,160 kg Indian Ocean ketamine seizure
The $42.3 million bust is the latest in a string of global maritime drug seizures at sea and in ports.
- Location intelligence is business intelligence
Data is enabling businesses across industries to optimize their resources and become more efficient, and commercial trucking is no exception.
- No-deal Brexit will have devastating impact, say EU auto trade groups
European auto unions and trade groups have come out with a statement that warns of a seismic impact on the auto economies of the EU...
- Port Report: K + N looks to offset carbon footprint by 2030
Forwarder outlines pathway to carbon neutral future as climate change takes on new urgency.
- Lawsuit sheds light on aborted Omnitracs deal
A Solera board member alleges that in 2017 Vista tried to force it to buy another portfolio company, Omnitracs.
|SEPTEMBER 23, 2019|
- Strong bunker prices help shipowners maintain freight rate gains
A recent rise in shipping freight rates looks set to remain amid surging bunker prices.
- Crude settles higher as market weighs Saudi output prospects
Crude futures ended higher Monday as the market continued to weigh up the prospects of returning production from Saudi Arabia.
- External: Global Risk Management
- Neste advances renewable product operations in China, Singapore refinery expansion
Neste will purchase renewable waste and residue raw materials from local collectors on the east coast of China.
- REFINERY NEWS: Nigeria plans full upgrade of all 4 plants: NNPC
"We will commence actual rehabilitation work in January," Kyari said in an NNPC statement.