|AUGUST 16, 2019|
- Nansha doubles number of sailings to Rotterdam as PRD pivot port
- HMM narrows Q2 loss 76pc to US$93 million as revenues rise 12.8pc
- US delays imposing tariffs on certain imported goods until December 15
- Oakland lifts record 90,598 TEU of imports in July as exports rise 10pc
- Huawei to build 'irony army' in restructuring drive to survive US sanctions
- Portuguese government okays expansion of Port of Sines' Terminal XXI
- China warns India of 'reverse sanctions' if Huawei is blocked from market
- Montreal wins US$14 million in federal funding to ease truck congestion
- 3 robberies against ships in Indonesia, Malaysia August 6-12: ReCAAP
- Best Transportation tests Port of NY-NJ's first electric truck for containers
- US lawmaker drafts bill to attract and train more women truck drivers
- HAFFA warns Hong Kong airport disruption hurts cargo hub reputation
- Fraport H1 profit up 17pc to US$184.2 million as revenue rises 5.2pc
- Global air cargo demand falls 4.8pc in June for 8th straight month: IATA
- Forwarders trade air cargo derivates to counter volatility in spot market
|AUGUST 15, 2019|
- Growth outlook for global container throughput revised
- MoS lists key achievements of July 2019
- Panamax rates seen rising supported by strong demand for coal import from India
- RCL records net profit & increased lifting in Q2 2019
- Fumigation requirements to Australia & New Zealand
- Govt mulls reimbursement of various imposts on exports & relaxed lending norms to improve credit flow
- Latest edition of AEO Compendium published
- MALA 2019, the 10th edition, set to be a grand affair on Sept. 20 in Mumbai
|AUGUST 16, 2019|
- Grand new era in Guadeloupe
- Pallet network delivers a mountain range of pallets
- Haulier continues to expand its fleet
- Evergreen jacks up its profit
- Gebrüder Weiss offers truck parking spaces
- C.H. Robinson names Mike Zechmeister as CFO
- Silk Way Airlines USA appoints exclusive GSA
- LLamasoft lands JD Logistics supply chain deal
- Take-over enhances product portfolio
- Boxes keep flowing into Los Angeles
- Fadi Nahas appointed VP at Silk Way Airlines USA
- Hyderabad attracts Spicejet's freighter
- Oiling up for business in Oman
- New rail service between Lithuania and Ukraine
- "Curiosity of the Day"
- Richard Juergens moves from Oman to USA
- STS and RTG make hay while the sun shines
- Air Asia invests in e-commerce venture
|AUGUST 15, 2019|
- HMM to axe AEX and move towards early THE Alliance partnership
- Maersk reports a 'quarter of solid progress' as profits rise
- Deliveroo quits German food delivery market to seek 'opportunities elsewhere'
- HKIA gets injunction to stop protesters obstructing operations
- States seek to overturn directive on freight train crew size
- Supply chain radar: Feeling upbeat about Yang Ming, right?
- Supply chain radar: AP Møller-Mærsk enters 'new phase' but still hauling its old baggage
|AUGUST 15, 2019|
- Shell Ventures takes a stake in Corvus Energy
Corvus Energy reports that it has finalized an investment deal with Shell Ventures. The investment is a step towards Shell's ambition to decrease the carbon footprint of the energy products it sells
- Yangzijiang Chairman absent "assisting in confidential PRC investigation"
Shares in Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd fell 17.3% on the Singapore stock exchange today after the company revealed in a filing that its Executive Chairman and controlling shareholder Ren Yuanlin
- Neste to launch IMO 2020 compliant fuel
Finnish oil refiner Neste says that it is to start offering a new IMO 2020-compliant marine fuel. Neste Marine 0.5, containing 0.5% sulfur, will be introduced to the market during fourth quarter
- Coast Guard proposes requirement changes to PIC of fuel transfers
The U.S. Coast Guard is proposing to amend the requirements regulating personnel permitted to serve as a person in charge (PIC) of fuel oil transfers on an inspected vessel by adding the
- Digital tank gauging helps address BWTS approvals under IMO convention amendments
New amendments to the IMO Ballast Water Management Convention are due to come into force in October this year. Compliance with the BWM convention requires that water treatment systems be fitted to
- Carnival is first cruise line to receive Blue Angel award
Carnival Corporation & plc., the world's largest leisure travel company, recently announced that AIDAnova from its popular German brand AIDACruises is the first-ever cruise ship to be awarded the prestigious Blue Angel
- Port of Everett Commission names its first female CEO in 100-year history
The Port of Everett (Wash.) Commission on August 13 voted 3-0 to approve a contract naming the port's Deputy Executive Director Lisa Lefeber the next CEO, effectiveOctober 16. Lefeber is the first
- Port of Hamburg sees strong growth in first half of 2019
Germany's largest universal port remains on a growth course, achieving a distinct 4.1% advance to 69.4 million tons in seaborne cargo handling in the first half of 2019. Especially good growth trend
|AUGUST 15, 2019|
- Torm expects tanker boost to come within weeks
The company's exposure to the Middle East is limited to about 12%, in line with clean petroleum product trades through...
- Gibraltar orders release of Iranian tanker
UPDATED: Court rules that Grace 1 tanker seized last month is free to leave, however no movement on detention of...
- Neste introduces IMO-compliant low-sulphur fuel
The Finnish refiner will begin supplying the residual marine fuel oil 0.5% fuel during the fourth quarter of 2019
- Maersk chief says trade war threatens global growth
Consumer spending and changing trade patterns are protecting Maersk from the full impact of the trade war, but recession threats...
- Norden feels the heat from Trump's trade war, Brexit and IMO 2020
The company has signed two long-term charters for the transportation of wood pellets and coal
- OSV firms buoyed by Middle East business
The oversupply situation within the OSV sector continues to pose challenges for service providers as charter rates remain depressed amid...
- DBS backs Yangzijiang despite sell-off
DBS analyst Pei Hwa Ho argues Yangzijiang's share plunge appears 'overdone', considering the company's solid fundamentals
- Golden Ocean sees 'dramatic' recovery in dry bulk rates
Golden Ocean has exercised options for four more scrubbers, taking the total to 23 on its capesize vessels
- Daily Briefing
Shipping and Brexit: Johnson's prosecco politics lacks sparkle | Epic urges LPG discipline, Capital orders LNG | Yard outlook toughens...
- Nam Cheong returns to profit on chartering income
Nam Cheong jumped into the chartering market, expanding its fleet to 34 vessels at the end of June and achieved...
- Viewpoint: The happy seafarer
A new index measuring the happiness of seafarers is a welcome innovation, even if happiness is a relative yardstick
- Maersk boosts bottom line with improved unit costs
Carrier warns that trade tensions and macro-economic conditions could see volumes grow at the lower end of expectations this year
- Soyabean trade weakness persists
Clarksons expects no growth this year in soyabean trade, with a 4% rise predicted in 2020
- Thoresen Thai posts lower second-quarter profit
The company expects the Baltic Dry Index to continue its upward trend for the remaining quarters of the year
- Finalists announced for Lloyd's List Americas Awards
Judges shortlist finalists from North and South America and the Caribbean for the Lloyd's List Americas Awards and Future Fuels...
- Managing the broad scope of war risk
War risks can range across several different covers and both shipowners and underwriters need to ensure they are not unwittingly...
|AUGUST 15, 2019|
- LA-LB terminals expect smooth sailing for peak-season cargo
- Decarbonization pressures driving drastic changes in container shipping
- Private JNPT terminals resist incentives for Chabahar calls
- US truckload rates remain depressed this summer
- New Maersk booking reliability product making inroads
- Mallory Alexander building project cargo unit
- Maersk boosts profits, warns of tariffs slowing trade
|AUGUST 15, 2019|
- Gibraltar trumpets Grace 1 detention as sanctions enforcement
The arrest was "the most successful implementation" of EU sanctions, Gibraltar's Picardo said
- Eagle Bulk moves European office to Copenhagen
Eagle Bulk Shipping has moved its European office from Hamburg to Copenhagen to take advantage of the city's focus on maritime. Mathias Groenvald, a shipping executive, will lead the new location. "Given its significant concentration of drybulk activity, we believe that Copenhagen is the ideal location for our European commercial operations," chief executive Gary Vogel said in a statement. Eagl
- Grace 1 release fuels hope for Stena Bulk
The release of the Grace 1 is fueling hope the UK-flagged Stena Impero will soon be freed. The 50,000-dwt Stena Impero (built 2018) was seized 19 July by Iran, in suspected retaliation for the UK arresting the 300,000-dwt Grace 1 (built 1997) in Gibraltar 4 July. The Grace 1 was freed by a Gibraltar court Thursday. US bids to arrest Grace 1 amid continued Iran tension Stena Bulk lobbies govern
- Huangpu Wenchong dives into gas sector with TSM order
Second newbuilding contract for Chinese owner this year
- Hansa Tankers chem-tank pool swells with 10-ship boost
Company has added 10 chemical tankers, all fitted with scrubbers, from Songa and TRF
- Baltic Exchange Dry Index hits 2000 twice in one month
The dry bulk meter hit 2011 on 16 July, marking the first return to that level since December 2013.
- Concordia Maritime loss narrows in second quarter
The Swedish tanker owner is looking ahead to a stronger market and has rejigged its contract coverage.
- Chembulk Tankers takes ship to court with arrest order
An arrest warrant has been issued for an Interunity Management-controlled ship in a charter dispute with Chembulk Tankers. Connecticut company Chembulk filed a $2m lawsuit last week in a federal court in Baton Rouge, Louisiana, looking to arrest the 26,198-dwt Chem Ranger (built 2010). In addition to targeting the ship, the lawsuit focuses on registered owner Lantern Maritime as the defendant. O
- Maersk Line ramps up charters ahead of 2020
But chief executive Soren Skou sees slowing down ships and fine-tuning its network figure key to reducing fuel bill.
- JL Mowinckels Rederi sells last fully owned ship
Norwegian company says it has no plans to exit shipowning as it eyes tanker and bulker investments
- Arkon touts cost savings of LNG as fuel for boxships
German outfit touts savings of LNG as fuel, but calls for subsidies to cover further conversion costs of $9.4m per ship
- Baltic Exchange looks to expand number of LNG panellists
Big turnout for first engagement meetings with industry in London and Singapore
- New Fortress Energy eyes FSRU for next Angola job
Wes Edens-led company expects to put its Puerto Rico import project into operation by year-end
- Fujian Ocean affiliate takes ING to court in OW fallout
Zheng Yao Shipping Group seeks $1m after its ship was arrested and held up in 2016
- HMM culls standalone small-ship Asia-Europe loop
Decision comes ahead of South Korean owner's plan to join THE Alliance
- Neste to offer 2020 compliant fuel in fourth quarter
Refiner has yet to reveal supply points and technical specifications
- Oaktree's dry bulk buys reflect 'patience' with shipping
Shipping's largest private equity investor has built stakes in Eagle Bulk Shipping and Star Bulk Carriers while staying the course in product and chemical tonnage
- Torm seals sale and leaseback deals for six vessels
The owner had a profitable second quarter, despite refineries undergoing an unusually long period of maintenance.
- Tightening boxship market benefits owners of smaller tonnage
Rally for bigger containerships is beginning to filter down to sub-panamax arena
- Gibraltar court allows release of Grace 1
The Grace 1 will sail, despite US objections
- LNG market braces for fallout from Qatari LNG ship play
Qatar's huge LNG shipping requirement is already unsettling a largely upbeat sector after the Middle East Gulf state unveiled the extent of its ambitions in the first quarter of this year. Details of Qatargas' bumper LNG tender start to emerge Those following the business said there are rumours spinning around about the likely extent, type and timing of the upcoming orders, which are adding som
- Okeanis Eco Tankers slides into the red in weak market
Company fleet growth ratchets up with fourth VLCC newbuilding delivery as suezmax go in for scrubber-fitting
- Golden Ocean swells dividend despite loss on derivatives bet
John Fredriksen-backed shipowner quadruples payout to shareholders as earnings beat expectations
- AP Moller-Maersk profit beats forecasts as freight rates rise
Profit beats expectations but 'considerable uncertainties' lay ahead
- Sinokor sale of boxship trio for scrapping collapses
Cash buyer declines request to extend after seller misses cancelling date
- APL sells third German-built boxship for recycling
APL Singapore arrives at Alang anchorage for beaching in next few days
- Qatar makes first call on owners for its huge haul of LNG carriers
Middle Eastern gas-producing giant Qatargas sets out a schedule for what ranks as one of the world's largest newbuilding projects
- Eastern Pacific enters large size segment with Neu Gas trio
Purchase gives Singapore-based group larger LPG tonnage
- Epic Gas seeks to avoid expensive steel trap in recovering market
Charles Maltby keeps expansion in mind but profit tops his wish list
- Yangzijiang Shipbuilding resumes trading on SGX
Investors dump shares as the Dow plummets and the yard's chairman takes leave.
- NYK's OLIVE looks to improve work-lifestyle balance
Japanese owner invites employee's kids into Tokyo HQ in bid to change long-held working behaviour
- Waterfront says methanol is proven, future-proof fuel
Canadian tanker owner poised to receive world's eighth and ninth methanol-fuelled ships
- AVIC Maritime sees profit slide on weak newbuilding market
Marine and offshore solution provider completes AVIC Zhenjiang Shipyard disposal
- Yang Ming slashes the red ink in the second quarter
Fleet optimization helps improve finances, but Taiwan owner says supply is set to outpace demand
- Hyundai Merchant Marine trims Q2 losses
South Korea's largest shipowner sees improved second quarter, but warns of difficulties ahead
|AUGUST 15, 2019|
- Vancouver's record mid-year report can't hide trade turbulence
Canada's largest port saw increases in tonnage and containers during the first half of 2019, but individual cargo types painted a more complicated picture.
- Navistar cuts medium-duty truck production in Ohio
Navistar is the first to slow production lines for new trucks. It is targeting medium-duty units because inventories are up 30 percent year over year.
- Driver productivity and freight capacity in hours of service spotlight
Experts say revisions could help fix long-term market inefficiencies.
- Cass predicts economic contraction after eighth consecutive month of shipping declines
The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.
- International competition and trade uncertainty weigh on U.S. rail volumes for grain
Competition from other grain-producing countries weigh on U.S. grain exports - and on U.S. rail volumes for grain.
- Sehestedt joins FreightWaves as vice president of Association and University Development
Will Sehestedt will focus on building relationships on behalf of FreightWaves with associations and universities.
- Walmart spurs optimism with strong second quarter earnings
As the world's largest retailer, the company is often seen as a bellwether for the overall retail landscape.
- UPS buys stake in self-driving outfit TuSimple
It is the first time a transportation and logistics provider has invested in an autonomous trucking company.
- Trucker's dash-cam video gets driver fired
Canadian Larry Ash welcomes carrier's dismissal of fellow trucker he recorded making a dangerous pass in British Columbia.
- Avianca sees another loss during restructuring
Avianca continues to dispose of aircraft during its financial restructuring.
- Six drone delivery use cases and lessons for companies to use
Drones may be one of the key answers to last-mile delivery. Read about how drones are being used around the world.
- IMO 2020 could spark more shipping tie-ups with fuel sellers
Golden Ocean could be a trendsetter, buying a stake in a marine-fuel operation to offset IMO 2020 price and availability risks.
- North American rail volumes continue downward trend
Year-to-date North American rail volumes fell 2.3 percent last week. But what about for the rest of the year?
- Mixed signs from the economy as sales climb, industrial output declines
Retail remains a rare source of strength in the economy while manufacturing struggles
- There's an app for that: Providing driver value alongside freight visibility
Introducing an app-based visibility solution could be the answer to shoddy tracking updates.
- More sizzle in the Southwest, severe storms in Plains (forecast video)
Temperatures cracking 115° out west, storms and flooding elsewhere.
- Don Daseke steps down as company's restructuring continues
Don Daseke steps down as Chairman of the Board and Chief Executive Officer as the restructuring continues.
- U.K.'s Aspray Transport shutting doors after defaulting on £1.9 million debt
The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit...
- Maersk: Impact from US-China trade spat 'quite manageable'
The CEO of Maersk says the impact from the U.S.-China tariffs and trade tensions on global trade has been quite manageable."
- Port Report: East Coast notches first-half growth for box imports
West Coast sees slower import volumes as service changes and market downturn take toll.
- Today's Pickup: Workers are more concerned of people replacing them than robots
Workers scared of people replacing them than robots; oil markets face nightmarish scenario; German economy is slumping
- Mexican officials: wait times at Otay Mesa Port of Entry up to five hours
Truck wait times on the Mexican side of the Otay Mesa port of entry have jumped as the inspection process lengthens, leaving trucks backed up...
- Truck drivers generally pan proposed revisions to hours-of-service rules
Reaction is mixed among stakeholders to hours-of-service rule changes proposed by the Federal Motor Carrier Safety Administration.
- Box-ship giant Maersk reports huge rise in second quarter profit
Earlier today in Europe, Danish shipping giant A.P. Moller-Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings...
- Electric marine craft will revolutionize coastal operations but not long-haul shipping
News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets...
|AUGUST 15, 2019|
- Oil slide extends amid trade war concerns, stronger dollar
Oil futures settled lower Thursday amid a stronger US dollar and lingering macroeconomic growth concerns.
- Ecuador bunkers supply tight, prices see pressure from refinery maintenance
Availability of spot IFO 380 volumes has been talked tight in Ecuador this week amid unplanned refinery maintenance.
- IMO 2020 preparations and its impacts on US exports
Ahead of IMO 2020, shipowners are increasingly taking ships off the water for scrubber installations.
- US moves to seize Iranian oil tanker held in Gibraltar
- Logistics giant Maersk reports 7.5% drop in fuel use on efficiency gains
The company's Ocean division consumed a total of 2.777 million mt of bunker fuel in Q2, down from 3.002 million mt a year earlier.
- Finnish refiner Neste launches 0.5% sulfur bunker fuel ahead of IMO 2020
Finnish refiner Neste is launching its own brand of 0.5% sulfur bunker fuel.
- Denmark's Torm sees IMO 2020 boosting product tankers
Danish refined oil products tanker group Torm said Thursday it was well positioned to take advantage of IMO 2020.
- External: Global Risk Management
- Kinder Morgan bulks up Houston Ship Channel refined product and NGL facilities
Kinder Morgan's Pasadena facility will get the lion's share of the announced project spending.
- Chinese oil traders shun US crude as trade row deepens
Chinese buyers were unsure if Beijing would still back purchase commitments amid this fracas.
- First Europe-bound WTI cargo in Platts MOC sets sail from USGC
The ship is currently about 200 miles north of Mexico's Yucatan Peninsula.