Capt. Anne McIntyre is new San Francisco Bar Pilots Business Director A former Columbia River pilot and Oregon pilot commissioner, Capt. Anne McIntyre has joined the San Francisco Bar Pilots as Business Director, bringing with her a strong background in pilot association management
Austal USA gets $21.5 million Navy award for LCS 18 PSA Austal USA, LLC, Mobile, Ala., has been awarded a $21,529,121 fee task order under a previously awarded basic ordering agreement to accomplish advance planning, material procurement and work in support of the
Will LEO be shipping's new green fuel? A papermaking byproduct often burned in pulp mills as fuel could be shipping's green new fuel. Called lignin, it's an organic copolymer found in wood - and it's what makes newsprint turn
Volvo Penta Americas to have new President Martin Bjuve, currently CFO and SVP Business Office. Volvo Penta, is to succeed Ron Huibers as President of Volvo Penta Americas. Huibers, a 26 year Volvo veteran, is moving on to another
Stena Ropax set for delivery voyage from Yellow Sea to Irish Sea Stena Estrid, the first of five vessels being built in China for European giant Stena Lines, has successfully completed three days of sea trials in China's Yellow Sea. After performing well in
CBP Jones Act proposals could have big impact on U.S. offshore On October 23, 2019, U.S. Customs and Border Protection proposed substantial changes to its interpretations of the Jones Act that will affect both the offshore oil and gas and offshore wind industries.
Charles Gittens joins SEACOR Island Lines leadership team Charles Gittens has been named President and Chief Commercial Officer of Fort Lauderdale, Fla., based SEACOR Island Lines. He joins Island Lines with over 15 years of experience in servicing customers with
GasLog Partners maintains growth forecast US-listed partnership posts net earnings of $29.4m compared with $33.02m in the year-earlier period
Maritime trade forecast to see 3.4% annual growth to 2024 A new normal for maritime transport is in the making, with effects permeating all aspects of the industry, from demand...
Navios Containers eyes higher average rates in 2020 US-listed boxship owner says it is 'well-positioned' in a rising market despite third-quarter dip
Shipping 'leading from the front' with lending initiative Other industries are being urged to follow shipping's example of aligning bank lending to shipowners with environmental targets
Weakening of correlation between LNG price spreads and trade flows Higher spot prices in Asia are no longer a guaranteed draw for LNG cargoes these days
The search for shipping's green tipping point Shipping is going to require clean, cheap energy to completely transition to zero-emission fuel options - and much depends on how...
Ports in Iraq and Brazil hit by protests Protests have affected operations at the Umm Qasr port near Basra and at the Santos port in Brazil
Poland to award first LNG carrier charters in first quarter The Polish state-owned oil and gas firm seeks about six LNG tankers starting from as early as 2022 for its...
Newbuilding hiatus could be just the ticket Whereas before size, durability and trade suitability would pre-empt the sign-off for newbuildings, adding fuel choice to the mix has...
Significant transpacific ocean freight price rise is forecast Early indications give hope for carriers attempting to raise rates on the transpacific trade
Tanker markets can look back on an extraordinary year The pace and duration of further falls of VLCC-assessed rates will be tested by the global economic headwinds and revised oil...
Cyber attack on Asia Pacific ports could cost $110bn 'High levels of underinsurance in Asia, which is also home to nine out of ten of the world's busiest ports...
Singapore MPA signs decarbonisation and digital tie-up with DNV GL A one-stop digital portal for regulatory transactions in Singapore was also launched
Australia starts to supply VLSFO The availability of VLSFO or compliant fuels is increasing rapidly as the IMO deadline approaches, according to IBIA
Carrier emissions down 10% in five years Larger, modern vessels and energy-efficiency measures help to reduce box shipping's carbon footprint
Daily Briefing Free to read: Manufacturing shift in Asia poses a conundrum for carriers and ports | Will good times ever return...
Data sharing is essential in race to cut shipping's tragedies Shipping needs to establish an anonymous independent database that is capable of collecting data from all sectors, say those aiming...
International Propeller Club elects Niels Aalund as president Mr Aalund also produces the highly regarded West Gulf Maritime Association 'Daily Industry Update Report', which briefs the trade on regional...
Texas LNG project attracts Middle East investment The firm is awaiting final approval by the Federal Energy Regulatory Commission for the project, which will liquefy natural gas...
Shipping ill-prepared to deal with future challenges A new report underlines the many challenges the shipping industry is grappling with, and warns that it is least prepared...
Chief executive ascends to board at Fredriksen's SFL SFL Corp's chief executive is taking a seat on the board. The New York-traded owner of bulkers, boxships and tankers disclosed that Ole Hjertaker took departing director Harald Thorstein's position Monday. Hjertaker has been chief executive of the John Fredriksen-backed leasing company since 2006 and had spent the previous three years as the company's finance chief. Thorstein had been on the bo
ITF repatriates nine in cases of 'modern slavery' The International Transport Workers' Foundation is trumpeting the repatriation of nine seafarers who suffered "notoroious cases" of modern slavery. In the first instance, the union was able to secure the repatriation for three Pakistani seafarers who worked nearly two years aboard an Iranian-flagged ship without pay. Sri Lanka files 7,573 charges over alleged arms transfers "Over the past two y
Sanctioned Cosco subsidiaries back off troublesome tankers Pair drop management of three ships after being blacklisted by the US
The four pillars that support Carnival's cultural change Ethics chief says the cruise giant wants to set a new course as a world leader in environmental stewardship
UN: global shipping trade suffers in era of uncertainty Report finds stormy seas as owners go up against political and structural headwinds
Hurricane Dorian washes out Royal Caribbean results The cruise major took a 13 cent hit on its earnings per share for the third quarter
Lindblad expects higher 2019 revenue amid lower quarterly profit Lindblad Expeditions expects more revenue this year compared to 2018 amid lower earnings for the third quarter, thanks to a payment of nearly $5m to Uncle Sam. The New York-based company expects tour revenue for full-year 2019 to come in between $341m to $346m, reflecting a 10% to 11% growth from last year's $309.7m result. New York-listed Lindblad is basing its forecast on an 11% upswing in Lin
Cosco's tanker arm reports strong third-quarter results The Chinese state conglomerate's container unit sees flattish profits in the same period
Philly Shipyard results improve as yard gets back to work Philly Shipyard has won a new shipbuilding contract since its last earnings report and is no longer idle, but this has not prevented the yard from posting a loss for the third quarter. Philly Shipyard nabs government contracts after lying idle The Oslo-listed shipyard recorded a net loss of $9.0m for the third quarter and a loss of $15.2m for the first nine months of 2019. The results are a ma
Navios Containers' results sink amid rising management fees Navios Maritime Containers reported a slump in third-quarter profit, adding to a sharp fall in earnings for the first nine months amid rising management fees. The Angeliki Frangou-led boxship owner's net profit through September dropped 64.7% to $4.57m, driven by a 19.7% fall in Ebitda to $41.4m. Earnings per share (EPS) also took a hard fall, declining 66.7% to $0.13. The Nasdaq-listed company
Fredriksen extends $275m Frontline finance by six months Tycoon providing funding until at least May 2021
Euronav's De Stoop tells IMO to focus on 'low-hanging fruit' Tanker executive weighs in ahead of meeting this month to discuss decarbonisation measures
Oktoberfest celebrations at Penfield Marine go down a storm Penfield Marine is not a German company - its headquarters are in Fairfield, Connecticut - but the tanker operator has been staging its own version of Munich's Oktoberfest for its pool partners and other guests since its launch in 2012. This year Penfield took the party to the beach in Fairfield near the lighthouse from which it takes its name. Despite some bad luck with the weather - a classic
Laskaridis adds to PSV fleet with Simon Mokster deal Greek owner takes another supply vessel for work outside the offshore sector
GasLog Partners sticks to growth guidance despite profit dip New York-listed owner still expecting distribution growth of between 2% and 4% for 2019
Fincantieri cries foul but rumours of antitrust probe prove true Italian shipbuilding giant says stock price hit on reports of deeper investigation into STX France takeover
Solstad anchor-handlers win long-term contracts in Australia Two anchor-handlers owned by Solstad Offshore have won contracts at the Ichthys LNG development in Australia. Solstad returns to South Africa with Total charter deal Inpex Operations Australia has fixed the 24,000-bhp vessels Normand Scorpion (built 2009) and Normand Sirius (built 2014) on three-year contracts at an undisclosed rate. The two anchor handlers are expected to mobilise from Broom
Dof kicks off refinancing plan by decreasing its share capital The offshore support vessel owner needs to reduce its shares' nominal value in order to raise further equity in the future.
Teekay Shuttle's Tesla-beaters expose the gulf in 'green' shipping Teekay's four new tankers will cut emissions by more than all the Teslas in Norway, but can crude oil tankers ever be called 'green'?
IOPC Funds nears closure on 2007 Hebei Spirit oil spill Compensation payments finalised for South Korea's biggest pollution case
Investor Robotti urges Tidewater to merge again US investment advisor writes to OSV owners' board to recommend further consolidation in sector
Only owners' greed will stop VLCC rates hitting $300,000 Bulker model and US shale revolution shows that shipping companies can believe in sustainably high rates, Kepler Cheuvreux says
Survey surprise: tanker players show more preference for LNG fuel than boxship sector A TradeWinds Knowledge survey reveals tanker market participants are keen for LNG propulsion despite limited intake so far
FSO could head to Bangladesh after $3m scrap sale Veteran storage unit needs a clean before beaching
Roxana Shipping locks LR1 tanker into period charter Modern LR1 fixed by Koch Industries for about a year
Arendals Dampskibsselskab treads cautious path to fleet growth Norwegian shipowner says long-term charters are what will drive potential fleet acquisitions
Polembros Shipping makes good on post-panamax growth plan Spiros Polemis-led outfit confirms Japanese and Chinese-built bulkers are now joining its fleet
Killing carbon will open new $1trn fuel market to shipowners A shift to fuel ships with non-polluting hydrogen will generate big new opportunities says Bryony Worthington
FPSO impairment pushes Ocean Yield to $63m loss Rokke company still trying to find employment for Dhirubhai-1
Cargill's Dieleman urges IMO to act fast on carbon laws or risk chaos Trading giant's Jan Dieleman calls for a clear legal framework on decarbonisation to give business a secure environment to invest for a cleaner industry
Boskalis to convert vessel for $334m wind farm contract Dutch owner to work with Hwa Chi Construction on 600 MW plant off Taiwan
Ince's Lum joins Clyde & Co as a partner Disputes specialist will re-join Shanghai office in December
HHI wins first approval for DSME merger - from Kazakhstan South Korean group clears first regulatory hurdle for huge yard tie-up
Nordea adds $254m of provisions after ECB talks Oil and offshore loans continue to weigh on Nordic shipping lender
Vitol's Aussie arm now offering VLSFO to owners Viva Energy Australia claims product is the first low sulphur fuel to be produced locally
Swire teams with top pulp maker to launch Kiwi-Asia service Tie-up will offer monthly frequency for pulp, timber and forest product related cargoes
Parker forecasts bank stampede to sign up to 'green' Poseidon Principles Citi's Michael Parker expects nearly all 'serious' lenders to shipping to sign up to Poseidon Principles in the next year
Wisdom set for kamsarmax order double at Tsuneishi Zhoushan Taiwanese owner said to be attracted by Tsuneishi's good price and shipbuilding quality
Shortcuts on Berge Bulk handysize landed two men in hospital Injuries could have been worse after fall arrest equipment used found to have been used incorrectly
Ageing Chinese ropax sold for scrap as interest wanes for large ferries The Yong Xia is among a handful of larger ferries sent for recycling in 2019
Environmental, economic and cyber risks loom, but shipping fears it's not ready Study for Global Maritime Forum reveals awareness of key issues but admission few are prepared for possible impact.
MPA and DNV-GL in decarbonisation and digital tie-up Singapore also launches one-stop portal for maritime transactions as Global Maritime Forum rolls into town
Revenues flat, box volumes up, profits down for Cosco Shipping Ports Hong Kong-based port operator Cosco Shipping Ports (HKEX: 1199) has announced mixed results for the third quarter of 2019. Revenues were flat and profits were...
Hub Group sees no peak season coming While Hub Group reported a good quarter, its near-term outlook is pretty rough. In short, Hub Group doesn't see a peak season coming in 2019.
Navistar skips incentive chase to get electric trucks to diesel price parity Navistar is skipping the chase for incentives on demonstration electric trucks to consult with customers on custom-built zero-emission medium-duty models with total cost of ownership...
Building an entrepreneurship ecosystem: Craig Buerstatte urges cities to invest in their future Ecosystems of entrepreneurship are popping up in cities across the United States. Innovation is no longer exclusive to Silicon Valley.
Trimble takes revenue hit from challenging market Trimble misses revenue estimates for third quarter of 2019.
Lyft gets a lift in Q3, beats estimates on revenue and earning per share But the ride-hailing company still posted a net loss of $463.5 million.
COSCO SHIPPING Q3 operating profit more than doubles COSCO SHIPPING Holdings said its third quarter profit more than doubled.
Airbus results show uptick in revenue and earnings Results mainly driven by higher deliveries, a favorable mix and foreign exchange rate development
Donaldson partners with Geotab for "the best filtration monitoring in the market" Donaldson hopes to release this solution in 2020 for commercial trucks, which will increase visibility for fleet managers and ultimately save money.
Drayage Update - The importance of chassis and addressing the shortage Market Expert Henry Byers sits down with FreightWavesTV Anchor Emily Szink to talk chassis. Chassis are an extremely crucial part of the drayage process. This...
Device compliance continues to creep up as carriers ditch AOBRDs More carriers install ELDs as compliance deadline nears.
Bendix details product updates, pathway forward Bendix introduced several new products and updated a number of others at its press conference at the North American Commercial Vehicle Show in Atlanta.
Congressional milestone may lead to billions for port funding U.S. House green-lights measure to improve big-ship access.
US House lawmakers take aim at Turkey with their own sanctions bill The PACT Act closely mirrors the unsuccessful Graham-Van Hollen Turkey Sanctions Bill in the Senate.
FreightWaves NOW: Freight broker performance and the Drayage Update In this episode of FreightWaves NOW, Meteorologist Nick Austin tells you about an impending snow storm in the Midwest, FreightCaster Kyle Cunningham dives into our...
Freight Futures daily curve: 10/30 Spot month Trucking Freight Futures contracts are generally quiet approaching expiration.
Heartland Express posts a clean quarter amid "softer freight demand" Heartland Express continues to perform. The carrier posts another solid quarter in the face of a "softer" environment.
Mom and pop store digitalization startup raises $40 million in Series C financing ElasticRun is an Indian logistics startup that connects convenience stores within specific regions and relays goods between them based on demand and lull times.
Atlas Air loses money from Q3 operations Updated at 8:40 p.m. Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), buffeted by a weak global airfreight market exacerbated by trade disputes and disruptions from...
Midwest bracing for Halloween snowstorm (forecast video) Several inches of snowfall, gusty winds, travel troubles heading to several Midwestern states as October ends.
Orbcomm sells off on quarterly report as it pushes subscription service Orbcomm, Inc. (NASDAQ: ORBC) sees its shares sell off after its quarterly report. The company's transition to subscription service, and the accompanying delay in revenue,...
Uber, Lyft, DoorDash try end run of California's AB5 with new bill Backers seek to put ballot initiative to state voters with aim to redefine independent contractor drivers.
U-Freight Group unit launches Philippines delivery service Platform addresses lack of delivery options in the Philippines
Today's Pickup: Canadian carrier sees Uber Freight as a "game-changer" Montreal-based Transport DSquare got an early taste of the platform on a Mississauga-Montreal haul and sees good things for the Canadian freight market.
Jacobs to introduce cylinder deactivation technology, improved engine brake Jacobs Vehicle Systems is introducing a new engine brake designed for lower rpms as well as two new technologies for improving fuel economy and reducing...
Hope lingers for trans-Pacific box-rate bump Even with a 15-20% increase in container freight costs from Asia to the U.S., prices would still be far below 2018 rates.
Saia third quarter EPS hit by lower shipment weights, facility expansion costs; revenue stayed strong Saia withstands, as best as it can, a weak macro to post decent third quarter results
FedEx, UPS begin the great last-mile delivery divergence Expect rate divergences between FedEx and UPS into 2020, led by dramatic changes in last-mile deliveries
Commentary: Modern autonomous supply chains need an easy way to enable trust and security Brian Aoaeh writes about threats to supply chains from cyber attacks and the need for increased cyber security.
Truck manufacturers lose first round in price-fixing battle Tribunal rules $6 billion class action against manufacturers DAF, Daimler/Mercedes, Iveco, MAN and Volvo/Renault can proceed.
Hendrickson launches next-generation heavy-duty rubber suspensions for vocational trucks Hendrickson Truck Commercial Vehicle Systems unveiled its next-generation heavy-duty rubber suspension for the vocational truck market, the Haulmaax EX, at the North American Commercial Vehicle...
Why an audit of the supply chain starts with people One way to control supply chain costs is to regularly audit your logistics operations, but doing so, and doing so correctly, are two different things.
Size of C.H. Robinson's miss surprises Wall Street analysts Analysts now want CHRW to cut costs.
Everoad bags a €100 million contract with Groupe Casino for supply chain digitalization French freight technology startup Everoad has forged a strategic partnership with French mass-retailer Groupe Casino to help digitalize its supply chain.
Paws on the ground, nose in the air U.S. freight forwarders have increasingly embraced canines as part of their technology-driven air cargo security programs.
Cooper Tire builds its long-haul tire portfolio Cooper Tire has added a long haul tire to its Pro Series, giving it a full complement of tires for each position on commercial vehicles....
Super-powerful cyclone threatens Arabian Sea shipping and ports Ocean shipping along the coast of Oman, in the Middle East and throughout the Arabian Sea, is being disrupted by Cyclone Kyarr - the most...
Uber Freight announces Canada and cross-border expansion Bill Driegert discussed both the Canadian and Polish expansions.
No impact on Russian FO expected from delay on river fleet sulfur cap Russia's plan to delay the introduction of a low sulfur cap on marine fuel used by its river fleet is not expected to impact the country's fuel oil market.
Total Q3 oil and gas output hits record high in 'volatile' environment Total's oil and gas production hit a record high 3.04 million barrels per day of oil equivalent in the third quarter.
Crude settles lower following 5.7 million barrel inventory build Crude futures fell Wednesday after the US Energy Information Administration reported a 5.7 million barrel build in crude inventories.
Norwegian Hurtigruten targets biodiesel for significant emission cuts Cruise provider Hurtigruten is currently testing biodiesel that could reduce greenhouse gas emissions by as much as 95% compared to traditional marine fuels.
Pemex trades HSFO woes for sweet-sour volatility With the new formula, Pemex will no longer have to worry about ongoing volatility in HSFO.
Global tonnage tightens on sanctions, tankers barred after Venezuela voyage Chinese major Unipec cancelled its charters with Cosco, a move a number of international trading houses followed.
Maersk and partners to develop biofuel for shipping "Our customers' ambitions on sustainability are increasing rapidly, and we applaud this development," Maersk said.
Petronas to charter 7,500 cu m LNG bunker vessel from MISC, Avenir: company The vessel will be capable of providing bunkering services to LNG-fueled vessels across Malaysia and transporting smaller scale LNG cargoes in Asia.
INTERVIEW: Freepoint crafts strategy to push for LSFO, LNG growth in Asia "In the oil business the most interesting thing now is the IMO deadline," Ouyang said.
Japan to review oil reserve systems amid Middle East tensions: METI minister "While we will closely monitor the Middle East situation, we will rigorously consider the future of the petroleum reserves," Kajiyama said.
India prime minister seeks Saudi partnership on strategic oil reserves Modi said he was grateful for the project and urged other energy companies to "make the most of the opportunities" in India's growth plans.
Singapore delivered 380 CST bunker premium at new record high on tight supply "Demand for [380 CST] bunkers remains firm on the whole, and the delivered market is seeing very good premiums now," a bunker trader said.
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