|SEPTEMBER 25, 2019|
- Hong Kong exports forecast to suffer largest decline in a decade
- Smaller owners, feeder operators keep hold of majority share of intra-Asia market
- Low sulphur fuel availability remains a concern for container shipping lines
- Insurers probe scrubber-related problems amid heightened risks for vessels
- Busan Port and Adani Ports SEZ ink MOU to set up logistics businesses in India
- PSA's CTPL at Chennai port raises bar for terminal productivity in south, east India
- Hyundai fined US$47m for selling high polluting diesel engines to US
- FedEx slashes freighter capacity on weak outlook by retiring aircraft
- CEVA Logistics renews contract with helicopter manufacturer Helibras in Brazil
- Telair develops loading system for A320 aircraft that can be adapted to fit cargo
|SEPTEMBER 24, 2019|
- India can be a leader in medium-size shipbuilding, says Minister
- Indian Ports Association launches 100% free value-added service on PCS 1x: eInvoice, ePayment & eDO
- VCT emerging as transhipment hub on the East Coast of India
- A.P. Moller-Maersk upgrades its digital warehousing & distribution
- Commerce Ministry sends proposed National Logistics Policy to Cabinet for approval
- Tuticorin CFS Association receives international award for successful implementation of CoDEx at VOC Port
- Chennai-Kanyakumari Industrial Corridor project to commence soon, says TN Minister
- Making India a $5-trillion economy completely doable, says Piyush Goyal
- Measures being taken to eliminate coal imports by 2023: Minister
|SEPTEMBER 25, 2019|
- Tri-state area of the east
- Dunkirk: safe access for trucks
- Gefco Spain elects new CFO
- Expanded intermodal solution for shippers in the USA
- Enhanced tracking feature for Tigers customers
- Growth of container volumes less buoyant this year
- Biman shows interest in full freighters
- Hector Rail sells GB Railfreight
- John Good appoints new head of IT
- Kuehne + Nagel to offer CO2-neutral transports as from 2020
- The new "hydrotug" to float in 2021
- More capacity between London and Tel Aviv
- Digital transformation gathers speed
- New challenge for Rodrigo Flores
- Logistics for e-cigarettes
- "Curiosity of the Day"
- Drones provide Fedex with new wings
- Acquisition in ballast water treatment sector
|SEPTEMBER 24, 2019|
- Operators pledge emergency capacity to relieve post-Brexit shortages
- New call to end shipping surcharges: 'let's follow Sri Lanka's lead'
- MSC and Cosco drive huge growth at Abu Dhabi container terminal
- DX Group finally turns the corner, posting its first full-year profit
- Innovative modular system gives Lufthansa more agile bellies for cargo
- India's container trade slumps amid ripples from tariff tussles
- Nippon Express acquires 22% stake in India's FSC
- Supply chain radar: ZIM - weak financially where it matters most
- On the wires: Seaspan goes full steam ahead after debt deal
- M&A radar: DSV Panalpina - APAC leadership by country revealed...
|SEPTEMBER 24, 2019|
- Crowley strengthens charter servicing team
Crowley Shipping has added Jorge Caez to its chartering services team. As director of chartering, he brings significant experience to Crowley from the offshore, heavy-barge segment and bunker markets. He previously held
- Stena Impero still detained by Iran
In a statement issued today, Erik Hanell, President and CEO, Stena Bulk, said: "Despite public statements by Iranian authorities over the past three days that judicial proceedings have concluded, and the Stena
- NYK lays keel for world's largest LNG fueled PCTC
Japan's NYK Line held a keel laying ceremony September 20 at Shin Kurushima Toyohashi Shipbuilding Co. Ltd. to mark the start of construction of what will be the world's largest pure car
- IMS to manage five ARTCO long haul towboats
Hebron, Ky., based vessel management services specialist Inland Marine Service (IMS) has reached an agreement with Chicago, Ill., headquartered American River Transportation Company (ARTCO) under which IMS will be responsible for operating
- VIDEO: Tuco Marine introduces new ProZero FPSO Workboat
Faaborg, Denmark, based Tuco Marine Group has added a 9.5 meter workboat to its ProZero International FPSO range. Built on the proven, reliable and seaworthy ProZero hull platform, the new boat is
- Scorpio in $803 million swoop on 19 Trafigura products tankers
Scorpio Tankers Inc. (NYSE: STNG) reports that it has acquired subsidiaries of Trafigura Maritime Logistics Pte. Ltd., a wholly-owned subsidiary of Trafigura Group Pte Ltd, that have leasehold interests in 15 Medium
- VIDEO: Metal Shark adds autonomous vessel to stock boat program
Autonomous vessels are not only already here, but now one model is available virtually off the shelf. Jeanerette, La., based shipbuilder Metal Shark and Boston based Sea Machines Robotics have partnered to
- Moran Iron Works to fabricate new Lowell Showboat
Onaway, Mich., based Moran Iron Works has inked a contract with the City of Lowell, Mich., that will see Moran fabricate the latest iteration of the Lowell Showboat, the city's centerpiece attraction.
|SEPTEMBER 24, 2019|
- Kyklades agrees more suezmax newbuilds at Hyundai Samho
Move brings the Alafouzos-controlled company's private order book to six suezmaxes, which could ultimately end up in fleet of Oslo-listed...
- 'Illegal' Greek ferry strike goes ahead
Crews protested on Tuesday against impending new labour laws tabled by the new conservative government
- Leasing companies poised to grow tonnage with BSM China
Leasing companies looking to participate in tenders for long-term ship charters with the likes of BHP and Shell, are banking...
- Trade forecast to continue to evolve despite disruptions
Container trade volumes so far this year have been steady despite the trade tensions, says OOIL
- Denmark expands Dan-Bunkering probe over Syria sanctions
An undisclosed company and two unidentified individuals are also being investigated
- Scorpio Tankers buys 19 product tankers from Trafigura
Trafigura buys $135m stake in Scorpio Tankers and offloads $668m loan on the vessels
- Perfecting your RFP process
US trade spats, Brexit, the approach of IMO 2020 and other factors are forcing some companies to look outside their normal...
- Stena Impero still in Iran, says owner
The tanker has been held by Iran since being seized in July amid rising tensions in the Gulf
- IMO vessel efficiency regulations face criticism
A report commissioned by Australia, Japan, Norway and other nations claims the EEDI is flawed
- Boutique finance firm FDX Offshore buys out Womar
Chief executive officer Hans van der Zijde alluded to the fact that the move was partially driven by the sale...
- Daily Briefing
Free to read: Coalition of the willing is another warning for regulators | Shipping launches 'moon-shot' initiative to develop zero...
- Hafnia bets on spot market as rates soar
Demand for product tankers will improve in the final quarter of the year as IMO 2020 regulations set in, chief...
- Truckers call for supply chain optimisation at San Pedro Bay ports
'Everybody's got their own business interests,' says Weston LaBar, chief executive of the Harbor Trucking Association. 'And so that's one...
- Pacific Islands seek $500m in green shipping financing
The Marshall Islands, Fiji and others are eyeing a 10-year plan to modernise Pacific Island shipping and want to fully...
|SEPTEMBER 24, 2019|
- Second-hand multipurpose/heavy-lift sales gaining ground
- Contract freight market keeps wheels on US trucking
- Systems partnerships highlight need for shipper access
- Maersk aims for more US warehouse control with JDA pact
- Global volatility hits Indian container growth: Maersk
- Evolution of retail, restaurants to challenge US trucking
- Asia-Europe capacity builds ahead of early Chinese New Year
- Technology driving emissions reduction at LA-LB port
|SEPTEMBER 24, 2019|
- Global Ship Lease puts up $40m in shares for sale
Global Ship Lease has put a for-sale sign on part of the company with perhaps an eye on fleet expansion. The Ian Webber-led owner has begun a $40m fully underwritten public offering of Class A common shares and intends to give underwriters a 30-day option to buy another $6m in stock. As part of the offering, executive management has expressed an interest to buy $1.23m million in shares at the p
- Trafigura betting on product tankers with equity stakes
Trafigura's back-to-back blockbuster ship sales suggest it's betting on product tankers while cleaning up its balance sheet. In deals with Scorpio Tankers and Frontline, the Swiss commodities trader swapped ships for cash and equity, opening up major positions in both tanker owners with the IMO 2020 emissions regulations expected to kickstart a rally in the sector any day now. IMO 2020 fuel swit
- US West Coast ports raise concern over US-China tariffs
Northwest Seaport Alliance sends letter to US President Donald Trump
- Stena Bulk: Stena Impero still being held in Iran
Despite Iranian assurances the Stena Impero can leave, the tanker is still being held in the Islamic republic, its owner said Monday. The 50,000-dwt, 2018-built ship has been held in Iran since mid-July, with Iran teasing its release for several weeks. "Despite public statements by Iranian authorities over the past three days that judicial proceedings have concluded, and the Stena Impero is free
- Molaris set for loss on sale of Chinese-built post-panamax
Greek shipowner Stamatis Molaris is believed to be booking a loss on the sale of a post-panamax bulker that his company, Empire Bulkers, bought in 2013. Diligent Holdings' fleet mix tilts with fourth supramax purchase Trafigura takes in two Greek-owned tankers on short period charters Brokers in Europe and in the US said the 93,000-dwt Dimitra (built 2010) has been sold to another Greek buyer
- Marine insurers at IUMI event sense upturn is on the horizon
Mood at industry gathering is that premiums for cargo cover and hull and machinery are heading upwards
- 'World first': GEFO goes for gas to fuel chemical tanker
Hamburg owner says Tosca will be first small chemical tanker able to run on LNG.
- Greek handysize bulker owners trade up to supramaxes
Companies are shedding ageing bulkers and upsizing to younger, bigger tonnage
- Trafigura sells another 19 new tankers to Scorpio in $803m deal
The deal involving BoComm-financed vessels follows recent sale of 10 to Frontline in another ships-for-shares deal.
- Teekay LNG offloads MR product tanker as charter ends
Teekay LNG Partners has fetched a surprisingly low price for a 12-year-old MR tanker that was reported sold to a Greek buyer. Brokers in Europe and the US said Teekay Corp spin-off's 40,000-dwt Alexander Spirit (built 2007) has gone to Ancora Investment Trust for just $11.5m. Bahrain's new FSU arrives but terminal delays continue Shipping stocks pummeled as trade war escalates VesselsValue s
- NYK confirms order for biggest ever LNG-fuelled car carrier
Japanese owner says new vessel will be ready in 2020.
- MISC, NYK and Mitsubishi Corp team on ships for LNG Canada
Partners get moving on their LNG carrier requirements for Shell-led export project
- FDX Offshore takes over tanker pool manager Womar Logistics
Chemical tanker pool operator aiming to expand into other markets
- Topaz stretches ship drydocking gap to 7.5 years
Condition-based survey approach allows owner more time between shipyard stays.
- Kyklades Maritime orders two suezmaxes at Hyundai Samho
Greek shipowner already has four suezmaxes on order at Hyundai Heavy Industries in South Korea
- Stefanou brothers pounce on veteran panamax bulker pair
Deal highlights Greek interest in older bulkers
- JR Shipping adds pair of container feederships
Duo takes boxship fleet of Dutch group up to 20 ships
- DNB's shock $110m provision linked to Thomas Cook collapse
Bank says loan loss a result of "recent events", but won't confirm specific client.
- Wilh Wilhelmsen price jumps as it launches $31m buyback
Norwegian owner to offer to acquire up to 10% of the company.
- Lloyd's of London rocked by more sexual harassment claims
Survey finds nearly 10% of respondents have experienced sexual harassment in last year
- Chinese owners keep up their appetite for veteran bulkers
Private players take advantage of slumping secondhand prices, with one Fuzhuo owner even picking up a bulker that broke in half
- ADS completes its first VLCC scrubber retrofit
Oslo-listed owner already working on installation on second of its three tankers.
- Hunter reveals charter rate as it gets first VLCC
Norwegian owner's DSME delivery has been sold to SFI and leased back.
- Which containerships segment is the best investment? Experts are divided
Bigger containerships have outshone other sectors, but some believe smart money switch to smaller vessels
- Sirius Minerals plans to export potash from UK in jeopardy
Project that aimed to produce 20m tonnes of fertiliser in doubt after weak bond markets derail fundraiser
- Reed Smith poaches Clyde and Norton Rose lawyers
Global law firm adding to expertise in London and Hong Kong.
- Aframax rates surge on Saudi Arabia uncertainty
Volumes out of the Black Sea are already said to have 'exploded' following drone attacks
|SEPTEMBER 24, 2019|
- Town hall to focus on mounting airfreight bottlenecks in L.A.
Antiquated infrastructure, rising cargo volumes and poor logistics coordination are hindering efficient cargo transfers at L.os Angeles International Airport, raising costs for stakeholders.
- MAB Kargo launches halal logistics service
A subsidiary of the Malaysia Aviation Group has launched a halal logistics service.
- Trade and tariffs on ATA's political burner
CEO Chris Spear leading a behind-the-scenes approach to influencing White House.
- Experts say Nuevo Laredo should focus on becoming a logistics and foreign trade hub
The Mexican border city of Nuevo Laredo should "bet more on logistics and foreign trade" than on attracting more maquiladoras, according to trade experts. "Nuevo...
- Border wall funding will test proposed $18.1 billion CBP budget
The Senate Appropriations Committee's Democratic members are expected to reject proposed Department of Homeland Security fiscal year 2020 funding bill if $5 billion for southern...
- Seeking transformation, not disruption
Companies building supply chain software need to ease - not force - customers into adopting new technologies.
- Drone intelligence platform AirMap acquires Hangar Technology
AirMap, an airspace intelligence platform for the drone economy, has acquired Hangar Technology, an automated drone operations business. The acquisition, announced on September 23, continues...
- Alberta loses the ability to turn off oil taps - for now
Canadian federal judge suspends the province's law allowing it to restrict the flow of oil and gas products to other provinces until a full court...
- Freight Futures daily curve: 9/24
Freight Futures began this week where they left off last week.
- Port of Long Beach offers incentives to attract more container cargo
Port of Long Beach is offering incentive payments to ocean carriers in an effort to stabilize declining cargo volumes.
- APHIS readies automation for plant, animal product imports
The U.S. Department of Agriculture agency looks forward to receiving import documentation through Customs and Border Protection's International Trade Data System.
- Germany €54 billion climate package might be too little too late
Germany has unveiled a climate package which experts believe is not ambitious enough, coinciding with the time Germany inches closer to an economic recession.
- Mexico reaches new record for truck production, exports during July
Mexico's national association of heavy duty truck and bus manufacturers (ANPACT), reported the manufacture of commercial trucks grew 6% in July, producing 20,006 units, when...
- Kalitta Air may be forced to exit Schiphol operation
A dispute over slots may force Kalitta Ait to exit Schiphol Airport
- Flood threat persists in Southwest
Several inches of rainfall could flood parts of the Desert Southwest again, after water rescues on Monday.
- Technology plus people: C.H. Robinson paves way for more innovative future
C.H. Robinson talked to thousands of shippers and carriers. What the company learned prompted them to invest $1 billion into technology.
- Maersk's digital transformation shifts to warehousing
The shipping giant has teamed up with JDA to boost warehouse and supply chain visibility
- Norfolk Southern might owe millions for alleged contract breach
Declining coal consumption in the U.S. may have led to the dispute.
- Six smart factory developments likely in 2020
Smart factory owners are turning to advanced technology like artificial intelligence and big data to gain an edge in the digital industrial revolution.
- Port Report: Drug busts on boxships rise as does European trade
Container ships are setting new records, but for all the wrong reasons, as the vessels become an increasingly popular way to smuggle drugs. As FreightWaves'...
- ATA sees more tough times for smaller fleets
Larger fleets positioned to reap benefits from carrier bankruptcies
- How wind power could benefit rail shipping
Wind technology may be a solution for rail industry.
- Deutsche Bank turns bullish on transports for 2020
But a lot depends on stabilizing global growth and an industrial recovery in the United States.
- Today's Pickup: Dart celebrates history, truckers during Driver Appreciation Week
Dart Transit celebrated its 85 years in business and Truck Driver Appreciation Week earlier this month, awarding drivers raffle prizes that included a new pickup,...
- Why some freight brokers are jumping into private digital marketplaces
Parade helps freight brokers automate workflows, scale relationship management and grow digital bookings.
- Shipping must accelerate carbon cuts, coalition tells UN
Getting to Zero Coalition, which includes Maersk Line, calls for "commercially viable zero-emission vessels" to be deployed on deep sea trade by 2030.
|SEPTEMBER 24, 2019|
- Crude settles lower as geopolitical risk fades, growth concerns mount
Crude futures fell Tuesday as the geopolitical risk premium from the recent attacks on Saudi Arabian oil infrastructure faded.
- External: Global Risk Management
- Brazil's Petrobras offers new Tartaruga crude to China's independent refineries
The new crude stream hits the market at a time when Brazil is becoming an increasingly important crude supplier to China.
- WAF-East VLCC freight rate gains to 2019 high, extending gains after attacks
For loadings at terminals in NW Europe, one trader said that "sky high" bunker prices and limited HSFO supply caused "one big mess."
- LPG shipping rates climb on Saudi Arabia production uncertainty
"Still a lot of uncertainty around the Saudi recovery time," a market source said.
- Shipping industry eyes clean fuel switch in October: sources
"We will stop procuring high sulfur fuel oil by end-October," a global shipping operator said.