Everett Ship Repair offers new Pacific Northwest ship repair option Ice Cap Holdings, the parent company of Ice Floe, LLC, dba Nichols Brothers Boat Builders (NBBB) has expanded its shipyard presence to include a service and repair facility in Everett, Wash. Established
Viking Line newbuild is packed with climate smarts Finland's Viking Line says that its newbuild cruise ferry, the 63,000 gt M/S Viking Glory, will be one of the most climate-smart passenger ships in the world. It estimates that the ship,
EDBG to provide functional design for hybrid-electric WSF Olympic ferries Seattle, Wash., headquartered Elliott Bay Design Group (EBDG) reports that Vigor has selected it as the engineering firm that will provide functional design for the new Washington State Ferries (WSF) hybrid-electric Olympic
Gas Entec wins cargo handling EPC contract for Asia's largest LNG bunkering vessel Busan, Korea, headquartered Gas Entec Co. Ltd. (Gas Entec) has won a contract from Sembcorp Marine under which it will provide the engineering, procurement and construction (EPC) of the cargo handling system
Satcom milestone: KVH ships 10,000th VSAT system Maritime mobile connectivity leader KVH Industries, Inc., (Nasdaq: KVHI), has shipped its 10,000th VSAT satellite communications system. This is the latest milestone for a company whose maritime satcom innovation began in 2007
Expect general increases from most clubs, Standard chief executive predicts 'Most clubs would need to increase their rates, and I suspect that most clubs will announce a general increase,' says...
DHT to postpone scrubber fittings given tanker spot market bull run Company executives say that the highest rate it achieved during the recent market frenzy was $190,000 per day
Maersk seeks to create supply for demand In concentrating industry focus on a few viable options, Maersk hopes to build a market for vendors to sell into
Fuel price spreads show signs of IMO 2020 impact Heavy fuel oil prices have fallen to the lowest level in three years
Wind propulsion cuts Maersk Tankers emissions A year long trial cut down fuel consumption and emissions for the Maersk Pelican by 8.2%
Maersk calls for focused development of new fuels Danish carrier to focus on alcohol, biomethane and ammonia in an effort to concentrate industry efforts in developing new fuels...
Nippon Foundation chairman leads drive for ocean understanding through seabed mapping Merchant shipping has a role to play in mapping the world's ocean floors. The Chairman of Nippon Foundation told Lloyd's...
Stena Line fined £400k following vehicle incident Horrific injuries caused to a port service operative crushed by a van being reversed off the vessel Stena Lagan onto...
Viewpoint: Combining aid and training The call to locate a multi-purpose disaster relief vessel in the Caribbean is one the shipping authorities should heed
Shipping leads Moore Global move to become more interconnected Moore Stephens has rebranded to underline a more international and collaborative approach and the new Greek-led global shipping group within...
CDB offers $629m loans to Nigeria deepsea port Lekki port will become one of the deepest not only in Nigeria but also in sub-Saharan Africa when completed
Daily Briefing Free to read: Speculation rife over possible Singapore yard merger | More large ships in layup for scrubber retrofits |...
Costamare triples profit on back of post-panamax demand Costamare has also completed the refinancing of two 2013-built, 8,827 teu vessels for up to $94m with an unidentified European...
SembMarine awards LNG cargo system engineering contract to Korea's Gas Entec The 12,000 cu m LNG bunker tanker will be the largest in Asia when it enters in service in 2021
Cosco restructures LNG shipping business to avoid US sanctions But the move has not perked up CSET's share price on both the Shanghai and Hong Kong bourses
New Orleans port director leverages railroad to boost container throughput 'In our business, there is volatility in commodities,' New Orleans port director says. 'So we want to stay diverse in...
DHT results forecast fourth quarter for tankers DHT reported a third quarter loss, but $61,500 per day rates for the fourth quarter thus far
Safe Bulkers sees less profit, misses estimates Safe Bulkers' earnings have fallen amid higher expenses. The Polys Hajioannou-led owner's adjusted profit for the third quarter came in at $5.87m, down from $8.19m during the same period last year. Adjusted earnings per share (EPS) totalled $0.03, missing analysts' estimates by $0.01. Adjusted EPS attributable to common shareholders was $2.99m versus $5.32m a year ago. Revenue remained flat, e
Norden lowers full-year forecast on accounting error Norden has lowered its expectations for 2019 after discovering a mistake in its bookkeeping. The Danish owner and operator of bulkers and tankers lessened its forecast to $10m to $45m from $25m to $60m upon seeing the calculation error while updating estimates for its upcoming third-quarter earnings report. The miscalculation was related to adjustments to the tanker sector's profit but will not
Apparent US grace period sends tanker investors scurrying A heavily-legal notice from OFAC pushed tanker shares down Thursday
Castor Maritime buys Pavimar panamax amid fleet renewal Another 14-year-old bulk carrier has changed hands
Lines pay the price as shippers switch to low-emission services Operators under pressure to cut their carbon footprint or watch customers take their business elsewhere
Two shipowners do battle over Total's LNG bunker vessel Contest between membrane-type containment system and type-C cargo tanks kicks off again for major's second large unit
Nine ships could hit sales block as POSH winds up joint venture Robert Kuok-backed owner's AHTS partnership hits the buffers after loan defaults
Teekay group finally ready to meet with investors Having put its sanctions issues behind it, the Teekay group is ready to meet with investors. The shipowning group will meet with existing and prospective shareholders 14 November, the morning after it plans to release its third quarter earnings. Teekay-China LNG Shipping vessels freed from US sanctions Teekay had initially scheduled its investor day for 2 October, but postponed it indefinitely
Eastern Pacific turns to Hyundai Mipo for dual-fuel MR tankers Deal would be for two firm newbuildings with delivery in late 2021, plus two optional units
Shipping proves career of choice for Roed family's new generation Norse Group has re-entered bulker and tanker segments with 34-year-old Sebastian Roed at the helm
NGO Shipbreaking Platform warns dodgy demo deals are a 'serious crime' Recent fine on Wirana in Norway for attempting to scrap ship in Asia should serve as a warning to owners, says environmental group
Maersk, LR back alcohols and ammonia to solve eco-fuel question New study confirms best decarbonising options are new sustainable energy sources
Impairments drop at DNB as shipping and offshore improve But Norwegian lender hit by fall-out from Thomas Cook collapse in third quarter
Empros scoops up ultramax as Japanese ships go on sale Greek company strikes as more such bulkers become available on the secondhand market
Trading house Trafigura gets busy with MR tanker relets Koch Industries takes one ship for a year at more than $19,000 per day
V.Group recruits second new CFO in a year Shipmanager brings in Petter Traaholt to replace Alison Henriksen, who only joined in March.
Evergas multigas ship shifts to LNG under New Fortress charter Chemical giant Ineos relets Dragon-class vessel to supply gas-hungry Jamaica import projects
Dof Subsea wins new contracts in Africa and standstill with bondholders Two vessels owned by Dof Subsea have won contracts in Africa that will employ the pair for over 160 days. Dof eyes $22m in new equity to help rescue Dof Subsea Dof Subsea bondholders demand more information on refinancing The 6,000-dwt multipurpose supply vessel (MPSV) Skandi Seven (built 2008) has commenced a new contract, working on subsea infrastructure for an existing unnamed customer in An
Big firms tend to go early in shipping decarbonisation, poll finds A TradeWinds Knowledge survey has revealed companies with more than 50 headcounts are more keen in low-carbon shipping
Transpetrol secures long-term charter for MR newbuilding Belgian shipowner clinches long-term employment for 50,000-dwt vessel due for delivery next year
Union Maritime maintains momentum with ageing MR sales UK-based shipowner Union Maritime continues to be a very active player in the sale-and-purchase market with the sale of two MR tankers just a couple of weeks after buying two aframax tankers from the former fleet of Brightoil Petroleum. European brokers said Union Maritime has sold the STX-built, 51,000-dwt Chase and Lincoln (both built 2004) to an undisclosed buyer for $11m each. Union Maritim
Tanker surge sees Gundy's unified broking dream come together Braemar ACM chief reveals the teamwork that helped shipbroker capitalise on recent market turmoil
Braemar pulls together three-year plan as it reviews strategy Chairman Ronald Series tells TradeWinds that management must now decide how to resource the business after sale of most of technical division.
Norwegian Hull Club offers scrubber cover Shipowners can now insure against breakdown of IMO 2020 exhaust gas cleaning systems
Cosco rejigs shareholdings to free LNG carriers from sanctions Six Arc7 vessels for Yamal LNG owned by Teekay and Chinese partner to resume normal operations
Anthony Firmin appointed Britannia P&I chairman Former Hapag-Lloyd executive takes over from Nigel Palmer
Braemar cuts loss as core shipbroking business improves UK broker says investment is now paying off and company poised to capitalise on better shipping markets
Iraq readies itself for fully-loaded 14,000-teu boxships Basra port aims to attract more and bigger ships following investments in new berths, says ICTSI
ST Engineering faces $18m dispute payout to Hornbeck Singapore group's VT Halter Marine sees claim from owner reduced by arbitration panel
Fearnleys eyes Asia expansion as it marks 150th anniversary Norway's top shipbroking firm is expanding its footprint in Singapore, Astrup Fearnley group chief executive Even Matre Ellingsen has confirmed to TradeWinds. The men sculpting the future of 150-year old Astrup Fearnley The company plans to establish its LNG Advisory Services and grow the activities of Fearnley Offshore in the Lion City. News of the growth came as the top brass from the Oslo-ba
Growing China-Brazil ties driving surge in Asia-ECSA trade China's pivot away from US to South America suggest bright future for route, says ClipperData
WiseTech defends against second attack by J Capital Global logistics software developer WiseTech (ASX: WTC) has come under renewed attack from investment advisor company J Capital. WiseTech continues to reject all claims of...
TFI reveals trucking, logistics acquisitions Canadian firm's earnings report reveals August purchases of Quebec cross-border carrier Craler and Georgia-based logistics provider
Debt-burdened HMM to issue $562.4 million convertible bond South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond....
Forward Air steady against easier comps Forward Air management guided for negative EPS growth in the fourth quarter.
Alaska Air soars in Q3 Alaska Air Group [NYSE: ALK] has caught an updraft after initial turbulence digesting its 2016 acquisition of Virgin America, reporting third-quarter adjusted pre-tax profit margin...
Triple whammy hits Universal Logistics Q3 earnings General Motors strike, a personal injury lawsuit and soft freight market drive across- the-board losses.
Werner reports second-best ever 3Q earnings despite softer freight environment Werner Enterprises Inc. reported net income of $39 million, or $0.56 per share, for the third quarter in 2019.
TFI powers through flat quarter with resilient truckload businesses Canadian and U.S. trucking units continue to squeeze revenue and profits from uneven freight market as LTL and last-mile deliver uneven performance.
Amazon's third-quarter revenue surges, but so do its shipping costs Amazon.com. Inc. (NASDAQ:AMZN) late Thursday reported third-quarter revenue of $70 billion, a 24% increase over the same period in 2018, as well as a 46%...
Load volumes continue to decelerate into the peak holiday shopping season This Week's DHL Supply Chain/FreightWaves Pricing Power Index: 25 (Shippers) Last Week's DHL Supply Chain/FreightWaves Pricing Power Index: 25 (Shippers) Three-Month DHL Supply Chain/FreightWaves Pricing...
Flying freight: Delta Cargo Vice President spotlights the airline's freight operations Shawn Cole spotlights Delta's large-scale cargo operations, which is bigger than you might expect.
Trinity Industries reports improved year-over-year growth in revenue, operating profit and earnings per share Trinity Industries Inc. (NASDAQ: TRN) reported third-quarter net income of $49 million and earnings per share (EPS) of $0.39, compared to net income of $27.9...
Slump persists for North American rail volumes Rail volumes fell yet again and the industry is casting its doubts about the fourth quarter.
Cummins presses lawmakers on national emissions standard Truck engine maker testifies on prospects for "net zero" pollution by 2050.
Maersk outlines fuel choices for shipping's carbon-free future Ocean carrier says the onus in on marine fuel suppliers to scale up production to meet target dates.
NFI finds spotlighting female drivers helps recruit other women Drive My Way CEO also advises attendees at the Women In Trucking conference to use woman-to-woman messaging.
U.S. Commerce Department announces new anti-dumping investigation of Mexican steel rebar The U.S. Department of Commerce has opened an inquiry into whether companies are circumventing anti-dumping and countervailing duty orders on steel rebar from Mexico by...
Triton International says container lessors see continuing weak demand The container leasing company Triton International said it had "solid" financial performance in the third quarter despite weak leasing demand since last fall.
Norway's sovereign wealth fund acquires London logistics property Logistics investments are core assets for Norwegian oil fund
American Airlines beats Q3 earnings estimates despite operational, cargo difficulties Updated at 3:15 p.m. EST. Earnings call adds. Cargo business fell during a challenging third quarter for American Airlines [NASDAQ: AAL], which faced operational disruptions...
Smorgasbord of weather slowing down late-week supply chains Snowstorm causing problems in a once-thriving freight market out west. Fires, wind, rain in other regions of U.S.
Today Pickup: Fabric raises $110 million to grow automated retail logistics platform New York startup to jolt U.S. growth with micro-fulfillment centers that aim to give small retailers relevance in the Amazon age.
U.S. exporters feel lion's share of pain in U.S.-China trade dispute Lost in the US-China's trade war's impact on imports is the devastating effect on US exports
Smaller fleets resist dash cams despite their exoneration of drivers Among the resistant 30%, reasons to avoid dash cams range from protecting driver privacy to the fear of driver turnover.
DHT provides inside glimpse of crude-tanker 'frenzy' Top shipping execs reveal the inside story of the recent crude-tanker rate maelstrom.
K+N: Forget air cargo peak season this year The world's second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.
Daimler AG reports improved Q3 results but warns of tough times ahead Daimler AG reported high sales and earnings in the third quarter but is cautioning that tougher times lie ahead for its Mercedes-Benz car and Daimler...
SmartDrive Video Insights: what it takes to keep drivers in the fold The latest in a series of collaborative videos and commentary between FreightWaves and SmartDrive.
Old Dominion revenue drops for first time in three years as macro weakness bites Old Dominion posts first year-on-year revenue drop in 3 years as macro weakness hits home
Driver qualification, detention among DOT 2020 priorities Prioritizing high-risk motor carriers for interventions an added challenge.
Market to decide shipper bill for IMO 2020 Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.
Costamare sees better third-quarter thanks to having more ships Container ship lessor says charter rates on larger vessels is improving as supply falls.
China continues seaport consolidation as Dalian offer goes unconditional Broadford Global has made a mandatory unconditional offer for all the H shares in the dual-listed Dalian Port Co. (HKEX: 2880 and SSE: 601880) of...
Crude holds strength following Wednesday rally Crude futures settled higher Thursday, following through on Wednesday's rally on a draw in US inventories.
ARA diesel, gasoil stocks drop 4.2% on week: Insights Global Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub dipped 4.2% on the week.
South Korean Hyundai Oilbank to sell VLSFO from early November "Hyundai Oilbank [already] has some contracts for VLSFO supplies," a company official said.
Bunker industry faces $2-4 billion IMO 2020 credit squeeze "We are expecting a 30-40% price increase which automatically leads to a liquidity need of $2-4 billion going forward," Molfetas said.
Japan, Saudi Arabia to renew crude oil storage deal in Okinawa "It is significant to renew the joint crude oil storage project," Minister of Economy, Trade and Industry Isshu Sugawara said.
Lloyds proposes LNG terminal offshore Alaska North Slope to bring cargoes to Asia "We've been trying to market North Slope gas by pipeline for 50 years and nothing has worked," Treadwell 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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