White House unveils plans to get goods moving from ship to shelf The Port of Los Angeles is set to move to 24/7 operation as part of a broad range of initiatives to tackle port congestion and supply chain challenges. Following up on work
Capital Gas LNG newbuilds will have Wärtsilä shaft generators Wärtsilä is to supply four shaft generator systems to provide power take-off from the main engines for two 174,000-cubic-meter LNG carriers on order at the Hyundai Heavy Industries (HHI) shipyard in Korea
New report confirms pandemic accelerated shipping digitalization A report from satcom leader Inmarsat pinpoints the impact of COVID-19 in accelerating global shipping's digital transformation. Entitled "A Changed World: The state of digital transformation in a post-COVID-19 maritime industry," it
New storm clouds brew over Kings Point Sea Year The U.S. Merchant Marine Academy's Sea Year training program is again receiving unwelcome attention. Back in 2016, the U.S. Maritime Administration (MARAD) suspended the program. This came as the academy looked to
NTSB reports on bulker crane's costly contact with grain elevator The National Transportation Safety Board has issued a Marine Accident Brief on its investigation of a November 11, 2020, incident in which the boom of a bulk carrier's crane contacted part of
Maritime Partners christens its latest towboat Metairie, La., based Maritime Partners LLC has added another vessel to its fleet of over 550 vessels. The company recently held a christening ceremony for the second of two 78- by 34-foot
Maran Gas veteran Richard Gilmore to retire Departure of American veteran executive understood to be unrelated to news in same week that Angelicoussis has hired Sveinung Støhle...
LNG carrier rates skyrocket amid energy demand surge All routes are above $100,000 per day, according to the Baltic Exchange. The biggest gain has come from the Australia-Japan...
Investment this decade crucial for future fuel supplies - IEA The International Energy Agency warned of a looming risk of more turbulence for global energy markets, saying clean energy investments...
Empty containers expose supply chain fractures Huge trade imbalances between Asia and the big consumer markets in North America and Europe mean that millions of empty...
Performance management must be accurate and affordable Although hull performance management is a contributory element to emissions reduction and avoidance of spreading invasive aquatic species, measuring and...
China on track to marine hull number one slot within a decade Steady growth said to be built on domestic market, with some Chinese owners ready to pay higher prices on patriotic...
Felixstowe struggles to clear empty box pile-up Container shipping has found itself on the front line of a global economic upheaval as the world emerges from the...
'Amazing' dry bulk market here to stay with restrained orderbook Provided there is restraint in newbuilding ordering, the dry bulk market could sustain its strength until at least 2024, according...
US and China struggle to maintain tanker dominance Ridgeway Tankers chief says US is an inefficient exporter of oil. 'We do not have the deep-water ports yet that...
Pacific Basin optimistic on dry bulk shipping Pacific Basin pledges to place no orders until 'zero-emission-ready vessels' become commercially viable
Daily Briefing From lay-up to order boom: Car carriers race to replace flagging fleet | Pandemic impact behind second-hand vessel price increase...
MOL, Signal and IMC join marine tech start-up fund The corporate consortium approach backed by established industry leaders has resonated with the company as a way of supercharging start-ups...
Truckers warn federal regulators of drug-testing bottlenecks Owner-operators are warning the FMCSA that shortages at drug-testing clinics are threatening truck driver livelihoods.
Will regional parcel deal spark PE interest in national network? Does private equity see a future in a nationwide parcel network stitched together with regional players? The LaserShip-OnTrac deal may be the first step.
XPO settles 2 California worker classification cases for nearly $30M The Teamsters backed the actions and praised the "brave" drivers; the court suggested XPO might have had a strong case.
Hapag-Lloyd and CMA CGM 'temporarily' steering 2 services away from Savannah For the time being, two ocean services will not call Georgia's busy Port of Savannah.
Inflation alert: Container ship owners see boom through 2022 Liner deals in the ship-leasing market imply strong confidence in high freight rates for the foreseeable future.
Trailer orders ramp up in September, pushing existing bookings into 2022 The collision of supply constraints with pent-up equipment demand is pushing some 2021 trailer orders into next year.
Delta Air Lines on pace for $1B in cargo revenue in 2021 Delta Air Lines' recovery from the pandemic hit a high note in the third quarter.
Report: Shipping energy mix needs 70% green hydrogen-based fuels by 2050 The transportation industry needs to transition to cleaner fuels to keep global temperature rise below 1.5 degrees Celsius. Green hydrogen-based fuels have potential to decarbonize...
Ohi nabs $19 million for delivery in under 20 minutes The e-commerce fulfillment company gets a nice raise to deliver on its promise of "instant commerce" in 20 minutes or less.
Ship game White House looks to end port congestion; could chassis pools save shipping; data behind the shipping crisis and more
SONAR sightings for Oct. 13: Lanes to watch, outbound LA, updates and more Among the highlights: Houston to Dallas lane, outbound LA, shipper and carrier updates and more.
Rose Rocket raises $25 million for cloud-based TMS "Over the past decade, we've seen the industry shift from pen and paper to on-premise systems to using modern software," says Rose Rocket's co-founder.
FreightWaves Classics/Leaders: Estévan Ochoa was a freight hauler and a public servant Estévan Ochoa was a successful freight forwarder in the New Mexico and Arizona territories. Read his story in this FreightWaves Classics article.
Rail Roundup: Tiger Cool Express' cold storage, Greenbrier's leasing success Tiger Cool Express is acquiring a cold storage warehouse in the Pacific Northwest, while Greenbrier's leasing subsidiary is exceeding the target for the value of...
September Cass data underscores stalled shipments; expenditures surge Supply chain constraints are keeping a lid on freight volumes while rates continue to reach new highs, according to September data from Cass Information Systems.
'As I See It' from the Trucking Activist: Unavailability The federal government needs to focus on filling the millions of jobs available today. The trucking industry has great paying jobs with training available, job...
September container volumes near 2021 highs at Port of Virginia "The growth we're seeing is not artificial, and the movement of loaded and empty containers is up, for both exports and imports."
Walmart boosting off-peak container processing in LA by up to 50% Big-box retailers, FedEx and UPS have detailed plans to speed up container processing at the ports of Los Angeles and Long Beach.
Emerge draws investor attention with digital procurement, mini bids Freight is attracting record levels of investment right now, and Emerge's dedication to making the industry more flexible and efficient through digitization has drawn attention.
DoorDash announces $1M disaster-relief grant program for restaurants Saying the restaurants are the "heart of Main Street," DoorDash launches a $1 million grant program to assist those that suffer business disruptions because of...
New management of GXO stops into an online forum to tell its story The company is so new that there isn't any earnings history to discuss yet, but that will change in a few weeks.
Hurricane Pamela threatens to flood parts of Mexico, US Truckers face delays in the Plains the next two days as the remnants of Hurricane Pamela approach the U.S. (video forecast included).
Superhot airfreight market leaves shippers in the cold The traditional peak shipping season for air cargo is turning into super peak and a microcosm of the ocean shipping chaos. Turbulence ahead.
US refiners to see improved Q3 financial results on lower RINs, higher demand Stronger financial results are expected from US refiners when they release their Q3 earnings over the next few weeks, a testament in part due to rising demand for gasoline and diesel and lower compliance costs for renewable fuel programs.
Oil, gas sector sees little relief from White House move to tackle supply bottlenecks A White House initiative to address supply chain bottlenecks, announced Oct. 13, was not viewed as particularly helpful to the energy space as fuel prices continue their upward trajectory and higher home heating and electricity costs are expected this winter.
Oil price draws capital to Bakken, but drillers cautious about OPEC, pandemic With WTI crude futures at $80/b and Bakken barrels commanding a slight premium above that, large US drillers aim to boost Bakken production as they keep a cautious eye on OPEC supply and the pandemic going into the winter months, North Dakota's top oil regulator said Oct. 13.
US House panel approves tougher offshore rules after California oil spill The US House Natural Resources Committee advanced two bills Oct. 13 to set tougher safety rules and impose new fees on offshore operators after an oil pipeline ruptured off Southern California and polluted beaches.
North Dakota oil output rises 3% on month to 1.1 million b/d in August North Dakota oil production is back on the rise, albeit slowly, as operators bring drilling rigs back to the state in response to higher prices, according to the latest Department of Mineral Resources data released Oct. 13.
PetroTal says able to produce crude in Peru despite line outage Canadian producer PetroTal said it has enough crude oil storage capacity to maintain normal production at its Block 95 concession in the northern Peruvian jungle while pumping remains halted at Petroperu's 200,000 b/d North Peruvian Oil Pipeline.
HUNGARY DATA: Q3 fuel demand up 4.8% on year, led by diesel Fuel demand in Hungary increased in the third quarter rose 4.8% year on year, data published on Oct. 13 by the Hungarian Petroleum Association (MASZ) showed.
JAPAN DATA: Oct 3-9 oil product exports fall 1% to 4.22 million barrels Japan's oil product exports fell 1.4% on the week to 4.22 million barrels over Oct. 3-9, data released by the Petroleum Association of Japan showed Oct. 13.
JAPAN DATA: Oil products output falls 3.4% on week over Oct. 3-9 Japan's oil products output fell 3.4% week on week to 16.17 million barrels over Oct. 3-9, data released Oct. 13 by the Petroleum Association of Japan showed.
Delivered Marine Fuel 0.5% premiums at Zhoushan fall as suppliers make competitive offers Suppliers at the Eastern Chinese port of Zhoushan made determined offers Oct. 12 in a bid to cement Zhoushan's position as a key bunkering hub with competitive prices, market sources said.
Mexico's imports of US gasoline, diesel fall in September as demand dips Mexico's imports of US gasoline and diesel fell in September to their lowest level in more than six months as demand waned, data from the country's energy secretariat showed Oct. 11.
Supramax rates in US Gulf market hit all-time high amid supply shortage Supramax freight rates in the US Gulf surged to their highest levels on record during the week ending Oct. 8, as a surge in demand collided with exceptionally tight tonnage supply in the region.
Global power demand set to soar, focus on implementation, ambition gaps: IEA Global electricity demand is expected to increase 30% by 2030, intensifying the need to accelerate the growth in green power to meet net-zero targets, the International Energy Agency said in its annual World Energy Outlook Oct. 13.
Asian medium sulfur fuel oil prices firm as supply tightens for Oct loadings Higher prices for medium sulfur fuel oil can crunch margins for traders when blending costs are high. The market for the finished product 0.5% sulfur fuel oil has been lackluster and blending component values are rising.
FEATURE: Blue hydrogen lifespan raises questions over carbon offsets Many facilities proposed in the EU would be commissioned in the second half of this decade, raising questions over the need for significant carbon offsetting after 2050.
LNG suppliers balk at Pakistan LNG 8 cargo tender on new bid provisions The lack of supplier interest, despite record high spot LNG prices, has raised concerns that Pakistan could face severe gas shortages leading to energy rationing in the peak winter months.
Skyrocketing gas prices drive up ammonia costs: sources The trend remains bullish in Europe, although that is creating some panic in Mediterranean and North African markets where gas prices have not soared as high, the source said.
SUBSCRIBER NOTE: Platts launches global ammonia assessments Material from countries that are subject to international trade sanctions are excluded from the assessment process.
SINGAPORE DATA: Sep bunker sales dip 3% on month to 3.935 mil mt Bunker demand had only picked up during the last trading week of September in line with the brief softening in crude markers, industry sources said.
Zhoushan, Shanghai halt bunker operations amid Cyclone Kompasu: sources "Barge availabilities are tight now and this cyclone will only make the situation tighter," said the second bunker supplier.
Oil product stocks fall in Fujairah after middle distillates plunge 33% Barges at Fujairah were loading fuel oil out of inventories to fill orders delayed by Cyclone Shaheen, which hit Oman just south of Fujairah on Oct. 3, traders said. That left low sulfur fuel oil stocks limited, they said.
SINGAPORE DATA: Sep bunker sales dip 3% on month to 3.935 mil mt Bunker demand had only picked up during the last trading week of September in line with the brief softening in crude markers, industry sources said.
Global fossil fuel demand set for 2025 peak under net-zero pledges: IEA Published with a view to inform discussions at the COP26 climate talks in November, the closely watched long-term energy outlook includes the IEA's Net Zero Emissions Scenario which it first published in May, as a pathway to limit global warming to 1.5 degrees by 2050.
REFINERY NEWS: PDVSA processing rate at CRP complex rises to 23.6% Located in northwestern Venezuela, CRP includes the 645,000 b/d Amuay and 310,000 b/d Cardon refining facilities. It also includes the 16,000 b/d Bajo Grande asphalt plant, which has been out of service for several years.
India Reliance signs deals to develop low cost hydrogen, 'green' solar technology Hydrogen is a new field for the country that has a total power generation capacity of 388 GW and imports around 201.5 million mt or 4 million b/d of crude oil a year.
Renewable hydrogen could enable 80% reduction in global shipping emissions by 2050: IRENA IRENA said announced projects for renewable ammonia will total 17 million mt/year of production capacity by 2030.
Rotterdam FOGO bunker spread widens on heating demand
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