|AUGUST 14, 2019|
- Gap widens between LA and Long Beach as US tariffs bite
- US threat to impose tariffs on China imports likely to push up rates
- Savannah reaches milestone with throughput of 4.5 million TEU
- Office of Management and Budget gives Hours of Service critical review
- China to fight America's tariffs on Chinese imports with countermeasures
- New deal paves way for US to triple beef exports to European Union
- Evergreen levies US$35,000 per box fine for misdeclared hazmat
- Details of US-Mexico-Canada trade deal ironed out by lawmakers
- Trump's cheap drug import plan hits brick wall, pharma would be hurt
- Re-flagging of ships is easy, but not in the crew's best interest
- Macao's boxes moved over land as port cargo falls 7.3pc
- Most Hong Kong freighter flights unaffected by cancellations
- Deutsche Post DHL, Austrian Post sign parcel delivery agreement
- Japan Airlines and Kalitta Air enter freighter codeshare agreement
- Cargo-partner opens warehouse in Slovenia for contract logistics
|AUGUST 13, 2019|
- Over 2,000 ships to install scrubbers this year to meet IMO deadline of Jan. 2020
- RCL launches new billion-baht container vessel; hopes to achieve 10 pc growth this year
- Yang Ming registers increased consolidated revenues & business volumes in Q2 & H1
- India seen needing to resolve differences with US to benefit from US-China trade war
- Mansukh Mandaviya reviews working, ongoing projects & future plans of Mumbai Port
- Shanghai is the world's best-connected port
- Finance Minister assures no penalty on failing to meet new CSR norms
- India Customs & Post move forward with the exchange of electronic advance data
- Monetary limits for filing of appeals by Income Tax Dept further enhanced by CBDT
- Replacement for MEIS urged
|AUGUST 14, 2019|
- New vehicles to mine 500,000 t of salt in Ireland
- Ulan Bator Railway faces a serious task
- ICTSI celebrates a successful first half of 2019
- HFW to launch Monaco office with new team
- Qantas prepares for first A321 freighter operations
- Turning point on the east-west axis
- HMM joins up two of its services in the APAC region
- Pamyra expands into Switzerland
- Dachser to build hub in northern Germany
- GAC appoints new vice president for Americas Region
- Trumpets and fanfares for Air Partner
- Reducing Tyrol's truck traffic by 1,300 vehicles per day
- Final result of the public exchange of Panalpina shares
- Gebrüder Weiss opens office in Uzbekistan
- Bremen restores the river Billerbeck to its natural state
- "Curiosity of the Day"
- United Cargo paves way for new online portal
|AUGUST 13, 2019|
- Rotterdam unveils digital data solution to get ports talking to each other
- FTZ designation aims to boost Montreal's international cargo flows
- Scrubbers will help shipping hit greenhouse gas reduction targets
- Etihad decides not to reinvest in India's Jet Airways
- Cargo on the rise at Texas airports in H1
- Market Insight: Is the Maersk family ready for another dance?
- Supply chain radar: DSV + Panalpina - here comes the love...
|AUGUST 13, 2019|
- Port of Baltimore receives federal grant to strengthen security
The Maryland Department of Transportation Maryland Port Administration (MDOT MPA) announced August 13 that it has been awarded $703,116 in the most recent round of funding through the Federal Emergency Management Agency's
- Prominent fast-ferry builders choose MAN engines
Australian shipbuilders, Austal and Incat Tasmania, have ordered a total of eight MAN16V28/33D STC engines in connection with the decision of the Government of theRepublic of Trinidad & Tobago to build one
- Carnival Corporation Announces Two New Appointments to Its Compliance Departments
Carnival Corporation & plc, the world's largest leisure travel company, announced the promotion of ChrisDonald to senior vice president of corporate environmental compliance and the appointment of Peter Anderson to its newly created position of chief
- DNV GL supplies ShipManager Hull software to realize Saipem 7000's digital twin
Saipem, an energy and infrastructure solution provider, is implementing DNV GL's hull planned maintenance system, ShipManager Hull, based on 3D digital twins of crane and pipelaying vessels. DNV GL will supply its
- St. Croix County upgrades with new Lake Assault rescue boats
The St. Croix County Sheriff's Office, located in Hudson, Wis., recently took delivery of a custom-built Lake Assault Boats rigid hull inflatable boat (RHIB). The new craft enhances the office's patrol capabilities
- DEME's New Dredger "Bonny River" Features SCHOTTEL Propulsion Solutions
SCHOTTEL recently announced that the trailing suction hopper dredge named the Bonny River, built at Royal IHC's Chinese partner yard COSCO Guangdong Shipyard, features its propulsion solutions. Recently handed over to the
|AUGUST 13, 2019|
- Freight forwarders hit back on cargo misdeclaration fines
'It's interesting that they talk about fines, because I don't think that in the private sector you can fine people...
- Pangaea posts reduced profit but continues to 'outperform' market
Net income falls to $4m from $5.8m in the second quarter a year ago, as revenues dip by 16%
- Stena chief seeks diplomatic support as concerns grow for 23 detained crew
Stena Bulk chief executive Erik Hanell has spent the past month trying every possible avenue open to secure the release...
- UPDATED: Sanctions-busting tanker de-flagged by St Kitts & Nevis registry
Bonita Queen's movements follow a similar pattern of behaviour used by other Chinese-owned or Iranian-controlled ships to avoid detection and...
- Yang Ming says trade war is weighing on demand
But it argues its fleet renewal plan has helped improve cost structure
- Brexit uncertainty forces DFDS to downgrade earnings expectations
Ro-ro owner sees revenues and profits grow in the second quarter but Brexit casts cloud over the remainder of the...
- Malaysia developing $477m oil storage and bunker facility next to Singapore
The company has been in discussions with various investors from the Middle East, mainland China and Hong Kong as well...
- HFW takes over old Ince & Co Monaco office
Shipping law firm HFW is opening a Monaco office next month, after hiring seven lawyers from the old Ince &...
- Moore Stephens strengthens shipping service
Accounting and consultancy network has been a leading brand name in shipping for 75 years but has now formalised a...
- UPDATED: Iran says UK may release Grace 1 oil tanker
The IRNA news agency, citing the deputy head of Iran's ports and maritime organisation, Jalil Eslami, said Britain was interested in...
- Fredriksen enters bunkering joint venture with Trafigura
Frontline and Golden Ocean Group will acquire 10% and 15% interests in the venture respectively
- Daily Briefing
Box: China's Asian rivals begin to take up the slack | Tankers: Aframax Earnings Under Pressure | Dry: Grains offer...
- Seafarers to receive extra payments if attacked in Strait of Hormuz
While the attacks have thus far only affected tankers, the IBF said it wanted to show leadership and prompt action to...
- ICTSI first half volumes up 7% on operational ramp-ups and new terminals in Papua New Guinea
Looking ahead ICTSI said that although its business remained relatively unscathed by current geopolitical headwinds, it remained vigilant and would...
- IMC founder Frank Tsao dead at 94
His early success in dry bulker business had crowned him as one of the four magnates, or 'kings' as the...
- South Korea eyes support for US-led coalition in Strait of Hormuz
Although South Korean authorities say there is no plan to join a US-led coalition, observers note that additional parliamentary approval...
- Pioneer Marine remains profitable despite weak rates
Pioneer Marine boasts a $3.7m profit for the first six months of the year
|AUGUST 13, 2019|
- Can 'smart containers' prevent ship fires?
- Savannah intermodal surges as rail work pushes ahead
- Yang Ming sees darkening container outlook
- US delays tariffs on key Chinese imports
- Correction: US imports from Asia rise ahead of peak
- Top 50 trucking company rankings 2018
- Funding to aid Montreal port truck flow
- Seed investment targets carrier cash flow woes
|AUGUST 13, 2019|
- Shipping stocks rise on Trump tariff delay
Taxes postponed on several Chinese imports until 15 December, primarily boxed goods such as cell phones, laptop computers, toys and apparel.
- Bahrain's new FSU arrives but terminal delays continue
Start-up schedule expected to slide into fourth quarter as shoreside works continue
- Japan P&I Club goes 'back to basics' as outlook brightens
Mutual sees its rating lifted by S&P after profitable 2018 boosts free reserves
- DHT Holdings fixes out scrubber-fitted VLCC on three-year deal
DHT Holdings has locked one of its scrubber-fitted VLCCs into a three-year charter. The New York-traded company announced that one of its 2012 built ships would earn a base rate of $30,000 per day from the deal. DHT will also bank all earnings up to $37,500 per day as part of the package, with income above that level shared with the charterer. The contract will begin after the scrubber retrofit
- Second suit filed in Teekay Offshore take-private move
Two shareholders say Brookfield breached its fiduciary duty to shareholders
- Ship recycling innovator Tom Peter Blankestijn dies
Green shiprecycling pioneer Tom Peter Blankestijn has died at the age of 58. The managing director of Rotterdam-based Sea2Cradle suffered an acute heart attack on 12 August. Wouter Rozenveld, business partner and director operations of Sea2Cradle, informed colleagues in an email in which he said Blankestijn died despite efforts by ambulance and hospital staff to save him. The other 2020 deadli
- Cosco Singapore posts profit as focus shifts to logistics
Cosco Shipping International (Singapore) has posted another profitable quarter and has announced a new chairman and plans to expand its logistics offering. Cosco lines up scrubbers for 23 vessels The Singapore-listed division of the Chinese shipping conglomerate recorded net income of SGD 1.71m ($1.23) during the second quarter. The result is 30% lower than that seen at the same point in 2018.
- d'Amico and Glencore joint-venture linked to product tanker sales
A joint-venture between shipowner d'Amico and trader Glencore is believed to have sold one or two of its vessels. d'Amico and Mitsubishi make second MR disposal in 2019 TradeWinds reported back in June the 47,147-dwt Glenda Megan (built 2009) and 44,999-dwt Glenda Meredith (built 2010) were being marketed for sale. Brokers now report the Glenda International ships to have been picked up at a pr
- LNG carrier watch starts as market awaits first Freeport LNG cargo
Newest US liquefaction project prepares for first export shipment
- Clarksons and Enerjen Capital aim to put power back in the hands of bunker buyers
The world's largest shipbroker is collaborating with the energy hedging specialist to provide physical and derivatives solutions for IMO 2020
- Wah Kwong Shipping chief executive David Palmer retires
David Palmer is retiring as chief executive of Wah Kwong Shipping but still plans to keep his hand in the shipping industry, in which he has worked for 43 years. Wah Kwong places first VLCC newbuilding order for a decade Palmer will step down in September and plans to take his remaining annual leave during the last weeks of his contract, he told TradeWinds. "In just three weeks, I will have rea
- Iranian officials expect UK to release detained Grace 1 tanker soon
A tanker at the hub of a dispute between Britain and Iran will soon be released, officials said on Tuesday. Could detained Grace 1 be poised to sail from Gibraltar? ITF agrees Strait of Hormuz 'extended risk zone' British marines took control of the 300,600-dwt Grace 1 (built 1997) in early July with the ship since detained in Gibraltar. Today Dryad Global suggested the tanker could soon be re
- Utkilen reveals profit growth amid continued renewal drive
Chemical tanker owner locks in charters for stainless steel newbuildings
- International Maritime Carriers founder Frank Tsao dies at 95
One of the creators of the modern Hong Kong and Singapore shipowning scenes has passed away
- 2020 Bulkers starts earning with Newcastlemax delivery
The delivery means Tor Olav Troim's first pure shipowning company will have income to offset its outgoings.
- Brexit fears take a bite out of DFDS forecasts and share price
Fears around Brexit have led DFDS to cut its full year outlook, sending shares in the Danish ferry owner spinning downwards today. Hapag-Lloyd sticks to forecasts despite geopolitical trouble 'Go-getter' Pilides helping to sell Cyprus as hub for global shipping Its stock slumped by more than one tenth in early trading after it warned of "exceptional uncertainty" around the UK's pending exit f
- John Fredriksen teams with Trafigura to forge new marine fuel giant
Frontline's Macleod tells TradeWinds that new venture will serve group companies and third parties
- 'Go-getter' Pilides helping to sell Cyprus as hub for global shipping
Enthusiasm and business nous of former executive is aiding the island nation's reach around the world
- EU approves state aid for Croatian LNG FSRU
Project gets backing as it will "contribute to the security and diversification" of energy supplies
- Sincere Navigation set to return to black later this year
Taiwanese capesize owner suffered in the first six months of 2019 due to Vale mining woes
- Could detained Grace 1 be poised to sail from Gibraltar?
VLCC's release could be an attempt to reduce UK's foreign policy issues in run up to Brexit, says UK security firm
- Houston Ship Channel 'just as important as Strait of Hormuz'
US oil and gas pipeline operator says importance of Texas waterway has been "unappreciated"
|AUGUST 13, 2019|
- Malaysia's Sime Darby buys Gough of New Zealand
Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch,...
- Weaker logistics and U.S. revenue hurt Titanium in second quarter
Canadian transportation firm posts a 19 percent drop in revenue on tougher freight market on both sides of the border.
- The only certainty for equity markets and transportation stocks is uncertainty
Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season,...
- Tropical Storm Krosa may cause shipping troubles in eastern Asia
Japan's busiest port in potential path of Tropical Storm Krosa. Slow downs likely for a couple days.
- Canada invests over $100 million in rail-related infrastructure projects
The announcements confirming Canada's planned investments in rail infrastructure come as the country prepares for a federal election in October.
- Workhorse Group prospects brighten as production of electric step vans for UPS nears
Cowen analyst Jeffrey Osborne has raised his estimate for Workhorse Group Inc. shares from $2.00 to $4.00 based on the company beginning production in the...
- Fitzgerald Glider Kits potentially on hook for $83 million in taxes
Government denies claims the IRS misled company on excise tax rules.
- Small fleets continue to lag behind larger peers in ELD compliance
Waiting until December to start running ELDs could leave some carriers in a lurch.
- Menzies acquisition secures foothold in Canadian air freight market
Vancouver-based GTO Global Logistics acquired by Air Menzies International, providing "an important advantage a major global trading route."
- West Coast volumes poised to rip
Multi-modal data and channel checks with freight brokers point to a good setup for peak season.
- Commentary: Three observations about the adoption of distributed ledger technology in supply chain
Distributed Ledger Technology (DLT) and blockchain is becoming more mainstream. Information about a new study of DLT provides details.
- Bond agencies lower UPS debt ratings, urging cash flow prudence as pension obligations loom
Two bond rating agencies downgrade UPS debt, urging caution in how it allocates free cash flows
- Ten things to consider before buying your next Class 8 truck
Images: Jim Allen/FreightWaves Deciding to purchase a Class 8 truck is a large and serious investment. Truck drivers often dream about the day they drive...
- Celadon announces former Swift head will lead trucking unit turnaround
The transformation continues at Celadon Trucking with former Swift Transportation chief taking the helm.
- Commentary: What's in a railroad map?
As railroads cut less profitable routes, shippers should learn as much as possible about railroads plans for future service.
- No major rate swings expected for air cargo amid protests at Hong Kong Airport
As protests continue at Hong Kong International Airport (HKIA), the disruption has not caused major delays in air cargo shipments or dramatic increases in rates,...
- Yang Ming reports operating profit in second quarter
Yang Ming had an operating profit in the second quarter but notes U.S.-China trade conflict has weakened demand for container transportation.
- Stormy up north, dangerous heat down south
Severe storms in the Northeast, life-threatening heat spreading across the South.
- Air cargo stakeholders should be focused on Hong Kong's bigger political picture
Ongoing political unrest has taken its toll on business sentiment throughout Hong Kong.
- First Freightliner eCascadias readied for customer testing
Daimler Trucks is sending the first two eCascadia Class 8 battery electric-powered trucks to fleets in Southern California in late August as part of a...
- Prime Air Drone Development
Amazon nears U.S. release for Prime Air drone deliveries.
- USTR delaying tariffs on phones, laptops from China
Some tech goods, including cellphones, laptops and video game consoles, won't be subject to Section 301 tariffs when a new round takes effect September 1.
- Gas stations dry up in Portugal amidst trucker strike
Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.
- Today's Pickup: Kraft taps FourKites' Facility Manager to cut dwell times
FourKites has connected the truck to the distribution center with its new Facility Manager solution, providing new levels of visibility into operations.
- Phononic reinvents the way cold supply chains work
Phononic provides semiconductor chip solutions that help companies replace inefficient and bulky compressors, heat sinks and fans used for cooling and heating products moving in...
- Cargo activity at several Texas airports showed significant increases for first half of 2019
In Texas, several major and regional airports posted large increases in air cargo trade for the first six months of 2019. Amarillo International Airport's trade...
- Port Report: July imports flat at the Los Angeles-Long Beach gateway
But Japan's biggest shipping line looks to restart Long Beach service after summer hiatus.
- Massive rise in profit for port operator ICTSI
Manila, Philippines-based international container terminal operator, ICTSI (PSE: ICT) has reported a massive increase in profit and a substantial increase in revenues for the first...
- Solid results for oil and gas explorer and transporter INPEX
Japanese gas explorer, prospector and transporter INPEX (JPX: 1605), which is listed on the Tokyo Stock Exchange, announced a solid upswing in revenues, operating income...
|AUGUST 13, 2019|
- Americas bunkers markets reassess August outlook amid pressure
North American bunkers markets opened this week under renewed pressure from upstream energy sectors.
- Stena Oil to supply IMO 2020-compliant fuel oil in Scandinavia
The VLSFO specification parameters include 0.47% sulfur content, 234 CST viscosity and a density of 0.945, it said.
- Oil rises as US scales back tariffs, lifting demand outlooks
Oil futures settled higher Tuesday as the market re-evaluated demand outlooks.
- US crude inventories likely lower as refinery runs remain high
Analysts polled by Platts were looking for refinery runs to be unchanged last week at 96.4% of capacity, on average.
- Frontline, Golden Ocean Group, Trafigura form bunkering joint venture ahead of IMO 2020
"We believe that marine fuel market disruptions will be brought on by the implementation of IMO 2020 regulations," Dam said.
- Freeport LNG terminal could see first tanker arrive within days: cFlow
The Mitsui and Kansai Electric Power owned LNG Jurojin listed a captain's destination of US FPO with an estimated arrival of Thursday.
- CSA supports study showing heavy fuel oil with scrubbers helps cut CO2 emissions
The industry has long realized that there is an energy penalty differential in the production of fuels, Adams said.
- August ICE LSGO futures delivery at 2,645 lots
The buyers were BP with around 1,650 lots and Shell with around 1,000 lots, sources said.
- US Aug middle distillate deliveries to Europe top 1 mil mt: cFlow
Market participants expected between 1 million and 1.5 million mt of diesel from the US to land in Europe this month due to a fairly open arbitrage.