Pirates snatch seven crew members from Swire Pacific AHTS Swire Pacific Offshore (SPO) yesterday confirmed that its 2002-built, Singapore flagged AHTS Pacific Warden, was attacked offshore Equatorial Guinea on November 20, 2019 at approximately 05:00 local time. The vessel was supporting
Rolls-Royce inks 10-year, 17-tug service deal with Svitzer Rolls-Royce has signed a 10-year service agreement with global towage and marine services operator Svitzer A/S. Called a Global Frame Value Care Agreement (VCA) it covers spare parts deliveries in six countries
December Seaway stoppages would cost economy $193 million a week The Chamber of Marine Commerce warns that closing the St. Lawrence Seaway in December to accommodate higher water outflow at the Moses-Saunders dam would cost the Canadian and U.S. economies US$193 million
Anglo-Eastern to digitalize fleet operations Hong Kong based ship manager Anglo-Eastern has partnered with Wärtsilä to digitalize its fleet operations. The technology solution, which will be rolled out to the Anglo-Eastern's global fleet of more than 600
Ecochlor brings NanoVapor VOC gas-freeing to the maritime industry Maynard, Mass., headquartered Ecochlor has reached an agreement to represent Woodlands, Texas, headquartered NanoVapor, Inc., in the maritime industry. The NanoVapor technology is designed to improve crew safety while significantly reducing time
Metal Shark marks ferry construction milestone Jeanerette, La., headquartered shipbuilder Metal Shark has delivered its thirtieth passenger vessel since June of 2017. Its latest ferry delivery, a 97-foot, 350-passenger, USCG Subchapter "K," welded-aluminum, high-speed, low-wake catamaran, was handed
Global tanker tonne-mile demand falls on US energy independence Crude tanker tonne-mile demand reveals rising exports from the US Gulf are failing to compensate for US refiners importing less...
CMA CGM eyeing shortsea expansion, says finance chief CMA CGM has made several eye-catching acquisitions in the shortsea field in recent years, including Containerships and Mercosul Line
Maritime UK calls for Brexit resolution to allow focus to move on 'We hope that the result of this UK general election provides stability and a clear way forward for the country...
France plans European naval mission for Strait of Hormuz About 10 European and non-European countries could join the new naval mission
Maersk finance chief quits to join General Electric Carolina Dybeck Happe has accepted a new opportunity outside the firm, Maersk said
Greek master dies in ore carrier fire Dry bulk operator Maran Dry Management declined to identify the 40-year-old master, but said his family had been notified and...
Flex LNG unveils 10-year charter deal for newbuild The 173,400 cu m LNG carrier, to be named Flex Artemis, is being built at South Korea's Daewoo Shipbuilding &...
Anglo-Eastern will roll out digital solution for fleet The digital solution integrates previously disparate processes to optimise planning, weather routing, fuel consumption and speed of a vessel
CMA CGM to raise $2bn in asset sales The carrier giant plans to sell stakes in 10 port terminals attached to its joint venture with China Merchants Port...
Daily Briefing Free to read: International Group told to slim down | Podcast: The view from Hong Kong and Dubai | IMO...
Wideshine linked to $377m VLGC lease with CSSC Shipping Sinogas Management, the designated manager of the very large gas carrier newbuildings, is part of Guangzhou-based Wideshine Enterprise, according to...
Second wave of US LNG projects receive regulatory approvals Project owners still face the challenge of securing offtake during a time of slowing demand in Asia even after receiving...
Diversified portfolio keeps tariffs at bay in Florida's Port of Jacksonville Jaxport, already Florida's number one port, is bound to see even greater numbers as development continues
Livestock carrier capsizes in Romania with more than 14,000 sheep on board According to Lloyd's List Intelligence, Queen Hind, which is listed as a vehicle carrier, listed heavily to starboard and water...
Port of Jacksonville starts construction of new container terminal The improvements at Jacksonville come as the port's throughput numbers continue to climb. In October, the port said it moved...
Crew abducted from vessel off Equatorial Guinea Seven crew were abducted by assailants while the anchor handler was carrying out offshore field operations
Bumi Armada third quarter utilisation rate rises to 58% amid fleet optimisation Meanwhile, compatriot offshore player Dayang saw vessel utilisation at its OSV unit Perdana Petroleum hit 91% up from 79% in...
SocGen loses regional trade finance heads for Asia Société Générale told Reuters that Damien de Rosny and Timothy Siow had left the bank, without providing further details
Cruise ship runs aground off Thailand's Phi Phi Island Vessel is part of move by French owner to expand into expedition cruise sector
Global Ship Lease buys two post-panamaxes on longterm fixes Boxship player Global Ship Lease (GSL) plans to further expand its fleet with two vessels fixed on charters for at least the next four years. Ian Webber-led GSL plans to buy two 2004-built, 6,080-teu post-panamaxes from Black Pearl Containers for $24.5m total. The seller is controlled by former shareholders of Poseidon Containers, which GSL acquired in November 2018. The ships come with charter
Nordic American Tankers sees strongest market in decades Nordic America Tankers has seen spot rates more than double so far in the fourth quarter. The Herbjorn Hansson-led shipowner reported Monday that its spot fleet of 21 suezmax tankers were earning an average of $34,000 per day with roughly 70% of trading days booked. The same ships earned just $15,900 per day in the third quarter. "We currently have the strongest tanker market that we have seen
Navios Holdings deepens loss amid Navios Containers listing Navios Maritime Holdings widened its third-quarter loss amid losing control of Navios Maritime Containers, which debuted on US markets in December 2018. The Angeliki Frangou-led boxship owner reported $39.1m in net loss attributable to common shareholders versus a $1.82m attributable net deficit during the same period in 2018. The 2019 loss included a $61.7m hit as a result of losing control of
Teekay Tankers shares up and down after reverse split Teekay Tankers shares went on a roller coaster Monday after the company enacted an eight-for-one reverse split. The New York-listed afaramax specialist completed the previously announced split before the open. During the trading day, shares went as high as $21.01, a jump of $1.09 from its Friday evening close, but finished the day $19.65, down $0.27 or 1.38%. Shipping guru Martin Stopford warns
GasLog chief executive Paul Wogan shifts base to Greece Company head has already relocated and is now working out of the owner's Piraeus office
Euroseas wants to grow fleet amid narrowing losses Euroseas expects to keep adding boxships to its fleet while the sector's vessel supply growth remains timid. The Aristides Pittas-led boxship owner has already expanded its fleet by 70% since August. The Greek company first added four used feeders to its boxship collection and then took delivery of four intermediates last week, bringing its vessel count to 19. BlackRock's Euroseas stake falls am
Carolina Dybeck Happe leaves AP Moller-Maersk Danish boxship giant reeling from the departure of second senior board member
NYK Line and Pertamina in talks over LNG joint venture Japanese shipping conglomerate and Pertamina's shipping unit sign a MOU over energy shipping
PL Ferrari urges action as P&I claims to rise further in 2020 Insurance broker says clubs need to start charging more as premiums have fallen $370m since 2016/17 policy year
Maran Tankers sells oldest VLCC for further trading Greek shipowner's 20 year old ship believed to have fetched $18m
CMA CGM plans $2bn in asset sales to finance Ceva acquisition Sale and leaseback of vessels and terminal sales to help improve French liner operator's balance sheet
Benetech ups LR1 stakes with Gulf Energy Management ship Michael family-controlled venture buys its third large product tanker in three years
Global trade flows reveal lasting impact of US-China stand-off If trade talks were really progressing, US exports to China would be ticking up, not down
Author offers tall tale of a panamax named Max People in the shipping business often get all sorts of questions from their children about what they do. Such questions from his youngsters, Lucas, Alex and Gregory, inspired journalist Thrasy Petropoulos to write his first children's story. Still bitter about those sweets: 20 Questions with Concirrus' Nick Roscoe Can you really turn your ship into a convertible? Max Panamax and the Western Ke
Livestock carrier sector under scrutiny after ship goes down with 14,000 sheep Crew safe after Queen Hind capsizes off Romania
Inmarsat, Standard Chartered drop Prince Andrew sponsorship Satellite communications group and lender confirm end of support for embattled UK royal
Crew rescued after small containership sinks off Indonesia Mitra Sejahtera XI went down on Saturday morning
Shipbuilding struggles as uncertainties swamp markets Shrinking global orderbook leaves black hole for yards to fill for 2021, but brighter prospects beckon
Gunvor fixes Fredriksen LNG newbuilding for up to 10 years Flex LNG says contract with commodities giant includes a firm five year charter period
Hojgaard takes the helm at Hong Kong Shipowners Association Chief executive of Anglo-Eastern becomes only the second non-shipowner to hold post of chairman
Samsung to pay $75m fine over Brazil drillship bribery scandal South Korean yard group said to have offered Petrobras officials money to award charter to newbuilding client
Crew snatched from Swire anchor handler off Equatorial Guinea Singapore-based owner confirms seven crew missing, while remaining eight are safe
Costs blowout swings CJ Century Logistics into third consecutive loss Despite solid revenues, costs at CJ Century Logistics surged and the company has reported a third consecutive quarterly loss.
Taurus sells US logistics real estate portfolio for $614 million Taurus Investment Holdings sells its US logistics warehouse portfolio to Investcorp
Apple dinged $466,912 for US sanctions violations For two years the software company's sanctions screening failed to detect a Slovenian app store developer and its owner who were placed on the Specially...
'Every option' on table to end CN strike, Canadian minister says Federal Minister of Agriculture suggests government would consider back-to-work legislation or binding arbitration for striking Teamsters members as disruption brings 37% in drop in Canadian...
Another autonomous trucking startup pushes back against Andrew Yang "The belief that technological advancements of labor-saving equipment will lead to long-term unemployment is a fallacy that can lead to great harm," Pronto CEO says.
Daimler Trucks recalls Western Star sleeper cabs for window issue Daimler Trucks North America is recalling 2,725 Western Star brand 4900 and 5700 sleeper cabs from the 2016-2020 model years. About 4% of the recalled...
Bulk booze by sea - Part 2: The present and future (with video) A look at today's containerized ocean transport of alcohol via bottle, can, keg, flexitank and ISO tank container - and how this mix could change...
Senator introduces bill penalizing sub-standard on-time performance The bill introduced by Sen. Dick Durbin (D-Illinois) would allow Amtrak to sue freight railroads for not giving Amtrak preference on freight rail-owned track.
Freight Futures daily curve: 11/25 Outbound LAX Trucking Freight Futures had a tough week on weak port data.
US fines shipbuilder over $75 million in bribe scheme Conspiracy involved sale of offshore drill ship to Houston chartering company.
Today's pickup: A race to the bottom in e-grocery delivery; Stylish delivery robots; Pooping while you work at UP Price wars in e-grocery delivery hurt everyone; Pooping while u work at Union Pacific; Getting snazzy in delivery bots
Butler Intermodal Terminal seeks Midwest customers The terminal wants to be an alternative for those needing intermodal services to the U.S. West Coast.
Loadsure joins Blockchain in Transport Alliance London-based Loadsure has joined the Blockchain in Transport Alliance. Learn more about Loadsure, as well as about the largest commercial blockchain alliance in the world.
Former nuke material transport logistics exec guilty of bribery Mark Lambert, who served as co-president of nuclear materials transport specialist TLI, will be sentenced by the District Court of Maryland on March 9, 2020.
Commentary: When transport markets fail Darren Prokop writes about the need for a solution to repair and improve the nation's highways and bridges. What are the options and is there...
Europa Worldwide gets new head of property to manage construction of its £60 million futuristic warehouse Logistics service provider Europa Worldwide is constructing a state-of-the-art logistics facility in Midlands Logistics Park in Corby, England.
Chris Easter is taking Daseke on a transformational journey Chris Easter took over as interim CEO of Daseke in September and is now being tasked with leading a transformation of a company known for...
CMA CGM aims to raise $2 billion to pay loans on CEVA purchase CMA CGM reported solid results for the third quarter of 2019. However, those results were weighed down by the costs of financing its purchase of...
Platform Science headlines freight companies named to CNBC Upstart 100 list Platform Science headlines a list of freight-focused companies honored in the CNBC Upstart 100 list for 2019. Upstart 100 recognizes companies poised for breakouts as...
Goldman sees OPEC cuts holding Brent around $60/b in 2020 S&P Global Platts Analytics expects Brent crude futures will briefly break through $65/b in January on support from the IMO 2020 marine fuel specification changes before falling to back to the "low $60s" by the end of 2020.
ICE LSGO speculative net length slumps 11,011 contracts on week The selloff in the paper market at the beginning of last week came on a weaker outlook rather than reflecting the physical prompt market, market participants said.
US maritime industry fears recent government proposals may weaken Jones Act The US maritime industry fears a Trump administration proposal to modify decades of ship transportation rulings could weaken Jones Act enforcement, potentially altering a century of legal precedent governing movement of crude oil, refined products and other commodities between US ports.
First 0.5% marine fuel trade takes place against LSGO in European paper market It marks the first time there has been a LS Gasoil vs 0.5% Marine FOB Rotterdam trade on ICE and shows a market trend towards the pricing of low sulfur Marine fuel against LSGO.
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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