|AUGUST 19, 2019|
- A-E rate up 0.2pc to US$812/TEU, USWC off 7.3pc to $1,368/FEU
- OOCL cancels transpacific sailings due to insufficient demand
- CMA CGM ups Asia-West African rates $500/TEU on September 1
- Hamburg first half volume up 7.5pc to 4.7 million TEU, but bulk slips
- HKTDC's Belt and Road Summit Sept 11-12 at exhibition centre
- HKTDC welcomes the HK Government's economic relief measures
- Container volumes from Asia to US rose 3.2pc in July to 1,529,701 TEU
- Liberty makes war on equity in truckers' Hours of Service regulation row
- International Chamber of Shipping meet in London September 11
- Rotterdam launches PortXchange to provide digital shipping app
- Asia Terminals sees Q2 earnings rise 26pc due to Manila, Batangas growth
- Cathay CEO Hogg, chief commercial officer Loo quit after Beijing rebuke
- Thai air force devises Hong Kong contingency evacuation plan
- Hong Kong's Cathay Pacific must kow-tow to Beijing to survive
- Asia to lead demand for freighter, passenger planes in next 20 years
|AUGUST 18, 2019|
- A.P. Moller-Maersk shows strong gains in earnings & revenue in Q2
- Dry & other indexes up
- Expounding on locution of "Merchant" in a Bill of Lading (B/L)
- For the first time ever, an Indian flag vessel, Shreyas Shipping & Logistics' MV SSL Balaji, successfully handles locomotive cargo
- Indian Register of Shipping forges training partnership with Coast Guard
- Marine Container Services launches shipping portal in Kolkata
- Transition period for Sea Cargo Manifest Regulations
- Sunil Paliwal appointed CMD of Kamarajar Port
- Allcargo Logistics Park, Dadri flags off first road movement of Customs-cleared cargo from ICD Dadri to Nepal
- Exports show upward trend in July
- Govt mulls measures for easier flow of credit to exporters to spur growth
- High Level Committee recommends CSR expenditure to be made tax deductible
|AUGUST 19, 2019|
- Rolling out a short red carpet
- Dutch hinterland connections expanded
- Don Daseke steps down as CEO Americas
- New bulk transfer facility opened in Georgia
- Risks for container terminals underestimated
- DHL strengthens cooperation with Mattel in Australia
- Eastern Canadian airport to upgrade cargo facilities
- Agility's ebitda grows by 27% in H1/2019
- Changes in the management at Neska
- RCG seals the deal with Caterpillar
- Investing in the port of Novi Sad
- Flying horses and cows around the globe
- Quickpac comes to Basel
- UPS announces CFO succession plan
- Testing self-driving tractor trailers in Arizona
- "Curiosity of the Day"
- Port of Switzerland reverses the trend
- New Russian airport reaches for the stars
|AUGUST 16, 2019|
- Transpacific rates take a tumble as trade war ripples spread
- US intermodal sector loses market share for fourth consecutive quarter
- Analysis: what makes Expeditors the tastiest asset-light prey
- Latam narrows Q2 loss, but cargo showing disappoints
- Cathay CEO quits after carrier is caught up in Hong Kong protests
- M&A radar: The DSV show goes live on Monday as Ceva is the latest to poach Panalpina staff
|AUGUST 16, 2019|
- Scandlines to add rotor sail to hybrid ferry
Hamburg, Germany, headquartered ferry operator Scandlines has signed an agreement with Finnish rotor sail pioneer Norsepower Oy Ltd, to install Norsepower's rotor sail solution on board the M/V Copenhagen, a hybrid passenger
- CSA 2020 members welcome findings of SINTEF study
Members of the Clean Shipping Alliance 2020 (CSA 2020), which represents shipowners who have invested in exhaust gas cleaning systems (scrubbers) have welcomed a study published in June by Norway's SINTEF, one
- Conrad reports more red ink but adds to newbuild backlog
Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) today reported its second quarter and six months 2019 financial results and backlog at June 30, 2019. For the quarter ended
- Kongsberg Digital solutions will fast-track Korean autonomous ship R&D
Asker, Norway, based Kongsberg Digital has won a contract to supply a fully-featured bridge simulator for a new, state-of-the-art autonomous ship research facility in Ulsan, South Korea. The Korean government has committed
- Jim Kearns joins Jones Walker
Law firm Jones Walker LLP reports that James "Jim" Kearns has joined the firm as special counsel in the Maritime Practice Group in the Washington, D.C., office. Kearns is an experienced maritime
- Fincantieri Bay cuts first steel for Great Lakes bulker newbuild
Fincantieri Bay Shipbuilding, Sturgeon Bay, Wis., and the Interlake Steamship Company hosted a ceremonial first-cut-of-steel event Wednesday, celebrating the historic start of construction on the first U.S.-flagged Great Lakes bulk carrier built
|AUGUST 16, 2019|
- Gibraltar considers US move to block Iranian tanker departure
Allegations realting to the oil tanker Grace 1 contained in a US application are confidential and cannot be disclosed
- DSV near to closing Panalpina deal
Full integration of the two companies is expected to take two to three years
- Gulf is 'too dangerous' for private armed guards on ships
'Using private armed guards against state actors like the IRGC would be catastrophic, escalating any situation out of control, and...
- Seized UK tanker likely 'spoofed' by Iran
Analysis of AIS data by Lloyd's List Intelligence shows for the first time that Stena Impero fitted the pattern for...
- Eagle Bulk moves European operations to Copenhagen
Eagle's Copenhagen office will be headed up by Mathias Groenvald, who has more than 30 years experience in the dry...
- Harland and Wolff administrators allow time for rescue talks
Shipyard and engineering firm seeks buyer as workers' temporary layoffs extended
- Maritime Cities: Building the connected cluster
Heritage is best left to the tourist board. It will be the maritime cities that facilitate collaboration, connect and integrate...
- Swiss Re to drop London hull underwriting
'In London, we will discontinue underwriting from November 1. The underwriting will all be done out of the Italian office,'...
- Vale cuts iron ore output
The impact to iron ore production is estimated at 330,000 tonnes per month
- Pirates shoot at LPG carrier off Nigeria
The crew on the Wisdom Marine vessel retreated to the citadel and the master took evasive action
- Large lines should think about asset-sharing
The use of platforms to provide specialised services could allow carriers to focus on their core strengths
- Gibraltar's chief minister says Iranian tanker could leave today
Gibraltar Chief Minister Fabian Picardo decided to lift the detention order after written assurances from Tehran that the ship would...
- The Lloyd's List Podcast: Shipping's hydrogen future
CMB's chief executive Alexander Saverys believes that hydrogen offers shipping's best bet to reach a zero-carbon future and he is...
- Daily Briefing
Gibraltar orders release of Iranian tanker | Maersk chief says trade war threatens global growth | Viewpoint: The happy seafarer...
- BDI bounces towards new highs
Capesize segment bustles on iron ore trade, while panamaxes are enjoying their run mostly from split stems from the capesize...
- Sinanju seals two-year LNG-fuelled bunker tanker charter with Exxonmobil
The group will focus on building competencies in handling liquefied natural gas and will work towards bunker deliveries
- Samsung Heavy bags one more LNG carrier
Order comes following the company's deteriorating bottom line in the second quarter
- USCG increases OPA90 penalties in line with inflation
Some specialist insurers have announced that insured vessels will automatically still be covered, at no additional premium, until policy renewal...
- Marinvest eyes methanol as viable alternative
High uncertainty of availability of high sulphur fuel oil at ports around the world after the IMO global sulphur cap...
|AUGUST 16, 2019|
- Trans-Pac spot rate drop underscores modest peak forecast
- Midwest, NE truck lanes buck falling US rates
- 2019 JOC Directory of Trucking Companies
- Major container lines to study alternative fuels
- Fr. Meyer's Sohn: Forwarders fuel modern supply chain, not carriers
|AUGUST 16, 2019|
- Experts point to high level of demoralisation for cruise staff
Industry takes a split view on crew satisfaction with Seafarers Happiness Index ranking low for cruiseship staff, while industry body CLIA says job gratification is high among mariners
- Political unrest 'good for shipping' says Nordic American Tankers
The US-listed company narrows loss for the second quarter and launches reverse stock split to boost share price
- Genting Hong Kong secures $3bn loan for world's largest cruiseship newbuilds
The world's largest cruiseships by passenger capacity have secured bank and German export finance at a competitive rate
- BW Offshore FPSO contract extended in Gabon
One of BW Offshore's floating production, storage and offloading (FPSO) units has had its contract extended for a further 12 months in offshore Gabon. BW Offshore agrees to acquire stake in Brazil oilfield The 141,000-dwt FPSO Petroleo Nautipa (built 1975) is operating on the Etame field for Vaalco Energy, which has extended its contract for lease and operation of the unit. The firm period wa
- Sveaas-owned Kistefos taps bond market for $27.8m
Investment company reports first-half loss as Western Bulk weighs on bottom line.
- Mitsui & Co books another MR newbuilding at Samsung Heavy
Latest vessel set for delivery in 2021 as trading house takes its tally of MR units at the South Korean yard to six
- Boxship fires top of agenda for industry group CSSF
Containership safety body will report on measures to deal with fires in November
- Hopes lifted of possible buyer for Harland & Wolff shipyard
Administrators extend layoff of workers as talks point to potential 'credible offers' for Belfast builder
- Yangzijiang Shipbuilding buys back stock after share price crash
Investors have been dumping shares following news that Yangzijiang's chairman is assisting with investigations by the Chinese government
- K Line LNG carrier makes close call en route to US terminal
US Coast Guard to investigate passage of ship inbound to Corpus Christi facility
- ExxonMobil charters Singapore's first LNG powered bunker tanker
Global oil major fixes pioneer LNG-powered bunker tanker from Singapore's Sinanju Tankers
- Austal latest to be linked with former Hanjin Subic yard
Aussie fast ferry specialist "continually assessing expansion opportunities" but mum on latest rumours
- Modec raises $1.1bn for Petrobras project
Project bond issued in Singapore is used to refinance FPSO
- Samsung bags eleventh LNG carrier order for 2019
South Korean shipbuilder close to 50% of order target for this year following latest contract
- Norden secures more pellet shipment work from Enviva
Danish owner has also secured contract to ship coal from Indonesia to Hong Kong
|AUGUST 16, 2019|
- FreightWaves oil report: a narrowing Brent/WTI spread could spell doom for crude by rail
A lot of new pipeline capacity is kicking in and the need for trains is going to be greatly reduced.
- DOWN UNDER TRUCKING: female truckers expect discrimination
Australia's road transport industry has a way to go in ensuring gender equity. Research has found that female workers encounter misogyny, bullying and discrimination. In...
- UPS removes delivery surcharges for 2019 holiday season
Eliminating the residential fee reveals UPS' comfort level and ability to better engineer its network.
- Customs systems back online after outage at airports nationwide
U.S. Customs and Border Protection systems at airports nationwide encountered an unexpected outage Friday afternoon, leaving passengers waiting in extremely long lines, according to multiple...
- Tendered truckload volumes continue to post year-over-year gains
OTVI.USA began the week with a rocky start before recovering to finish the week.
- Former ATA official named deputy at federal highway agency
Mala Parker says she'll work to modernize U.S. roads and bridges.
- How time charters offer window on bulk shipping sentiment
Time-charter rates can offer a clearer view on future sentiment than headline-grabbing spot rates.
- FreightWaves announces expansion into Portland
FreightWaves is expanding with a new office in Portland, Oregon. There are opportunities for data scientists, software engineers and journalists.
- Getting to know FreightWise, the second-fastest growing company in the U.S.
FreightWise found a sweet spot in SaaS-based parcel and LTL managed transportation.
- Delta, Virgin Atlantic to expand cargo network between U.S. and U.K.
Expanded flight offerings will make moving goods between the U.S. and U.K. more convenient.
- Federal government offers $244 million in grant money for rail projects
The Federal Railroad Administration is asking freight and passenger railroads to apply for grants aimed at upgrading infrastructure or enhancing safety.
- Commerce piles on the Entity List
The Commerce Department's Bureau of Industry and Security subjects 17 overseas entities to stricter U.S. export licensing controls by adding them to the Entity List.
- Agility reports large increase in second quarter profitability
Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest...
- Severe storms, flooding for several states (forecast video)
Weather delays likely today, tonight in Plains and Southeast.
- Trucking fleets need introspection and technology to stay ahead in the market
Small fleets need to fully understand their financial situation, improve awareness of technology and have set processes in place to fluidly scale up the business.
- Today's Pickup: Mobile car pooling service Scoop raises $60 million
Plus: Amazon opens "4-star" store in Seattle: Postmates tests robots in San Francisco.
- Trucking Freight Futures Market Activity 8-09-2019
|AUGUST 16, 2019|
- ARA fuel oil stocks down 11% to 1.056 mil mt as Suezmax departs
- European middle distillates cracks hit 2019 highs as crude slips
- Gazprom Neft's 0.1% sulfur bunker fuel sales jump 11% in H1
- July Los Angeles container imports rise on year, Long Beach falls again
- Lower Malta bunker fuel prices draw buyers from Gibraltar
- Portuguese haulier strike eases as two unions reach agreements
- External: Global Risk Management
- Golden Ocean gets ready for IMO 2020 by opting for scrubbers, LSFO
For ships without scrubbers, Golden Ocean will prepare their fuel tanks to run on low-sulfur marine fuels.
- Fujairah-Singapore bunker price spread crunches to 2-month low
Fujairah bunker premiums have strengthened in August due to tight barging with some suppliers fully booked for deliveries until the middle of the month.
- Singapore middle distillate stocks rise 11% on week as gasoil exports fall
A closed arbitrage meant gasoil traders in Singapore had little incentive to shift barrels from Asia to the west this week, market sources said.
- Singapore heavy distillate stocks fall 10% on week as imports decline
On the Singapore bunkering front, selling pressure also emerged in recent weeks as sellers sought to clear high sulfur stocks before IMO 2020.