|AUGUST 30, 2019|
- Cosco consortium to buy 40pc stake in world's largest dredging company
- ZPH starts 3rd development phase of its port on Gaolan island, Zhuhai
- NWSA's January-July international box volumes reach all-time high
- Irish port prepares for Brexit by boosting customs facilities
- TSP could help the flow of goods in the event of no-deal Brexit
- PIL's fleet is awarded Environmental Ship Index certification
- Agility spends US$18m to boost 'green' logistics supply chains
- Asia Pacific air cargo demand slips 7.7pc amid worsening trade tensions
- Atlas Air's pilots ordered by court to accept arbitrated contract process
- Kansas City's July air freight volumes rise 2.7pc YoY to 17.5m pounds
|AUGUST 29, 2019|
- Business Reorganisation of Yusen Logistics Co., Ltd
- DNV GL awards thyssenkrupp first manufacturer approval certificate for 3D printing of spare parts for maritime applications
- India launches world's first-ever facial biometric data-based seafarer identity document
- Summit calls for balanced & sustainable shipping activities in Arctic waters
- High security alert at DPT after reports of likely underwater attack by trained commandos from Pakistan
- Cabinet approves sugar export policy for evacuation of surplus stocks during sugar season 2019-20
- MSMEs need to focus on exports, says Nitin Gadkari
|AUGUST 30, 2019|
- US short-line railroad changes ownership
- Elisabeth Castro Gomez to manage Logcoop's office in Spain
- Tiaca appoints Celine Hourcade
- DB Schenker automates logistics for Media Markt Sweden
- RZD: China - Madrid route needs an additional freight base
- JAL's first full freighter flights for nine years
- H1/2019 marks a turnaround for OOIL
- New heads in London and Hong Kong
- Heavy-duty truck producer celebrates milestone vehicle
- Gebrüder Weiss acquires forwarder KK+M in Tyrol
- CCPO opts for smart software to measure engine performance
- Switzerland adopts EU rules on drones and Brexit
- Carrier and forwarder integrate e-bookings
- Stiff competition for Basel Gateway Nord?
- German forwarder invests in new truck
- What options does the sulphur cap leave?
- "Curiosity of the Day"
|AUGUST 29, 2019|
- Carriers ditch constant chase for market share in a quest for profits
- US trucking casualties mount as driver shortage and rising costs bite
- Carriers' gamble with scrubbers 'vindicated', says Alphaliner
- Agility eyes greener supply chain tech to slash greenhouse gas emissions
- Comment: container spot rates and bunker cost summer trends
|AUGUST 29, 2019|
- Conrad Shipyard starts production on second MiNO design towboat
Conrad Shipyard, Morgan City, La., has started production on a second 6,000 HP inland towboat designed by MiNO Marine of New Orleans. The Subchapter M compliant vessel measures 166' x 49' x
- UPM Logistics to charter seven LNG fueled newbuilds
Helsinki, Finland, headquartered UPM Logistics says that it has entered into a long-term charter agreement with Finland's Bore Ltd and Defzijl, Netherlands, based Wijnne Barends that will see the design and building
- USDA study says U.S. Agriculture needs waterways upgrades
The National Grain and Feed Association (NGFA) and Waterways Council, Inc. (WCI) have commended the U.S. Department of Agriculture (USDA) for releasing a significant new study that quantifies the cost-savings and competitive
- New ethanol facility inaugurated
Tidewater Transportation and Terminals continues to build and grow its services and storage capacities along the Columbia and Snake Rivers. It recently held a ribbon cutting ceremony to inaugurate celebration a new
- Auto gasification solution will provide sustainable waste disposal for Princess Cruises vessel
Wärtsilä is to supply and install an auto gasification solution for Princess Cruises vessel Regal Princess. The technology will enable the safe disposal of waste from the ship through a self-fueling thermal
- Armstrong Marine delivers 40 ft research vessel
The College of Fisheries and Marine Science at the University of Alaska Fairbanks has added a new research vessel to its fleet. Named Nanuq, the 40 ft, aluminum hulled, vessel was designed
- USACE issues solicitation for cutter suction head dredge for Azerbaijan
The Marine Design Center (MDC) of the U.S. Army Corps of Engineers (USACE) has issued a solicitation to acquire a new, non-propelled, cutter suction head dredge. The project is being accomplished through
|AUGUST 29, 2019|
- Intercargo expresses 'deep concern' for missing seafarers
Intercargo urges prompt investigation by the Indonesian authorities into the cause of the incident
- Hafnia bets on tailwinds boosting product tanker market
IMO 2020 and reduced tanker availability should support the market even amid a backdrop of trade tensions and fears of...
- Sovcomflot plans Arctic energy projects
The company achieved significant growth in the first half of 2019 compared to the same period in 2018, exceeding our...
- Trafigura confirms link to VLGC orders
The vessels, which are scheduled for delivery in mid-2021, will be able to run on either liquefied petroleum gas or...
- Mixed signals for shipping from German lenders
'The shipping unit in particular should bring in a slightly higher revenue and profit contribution despite a challenging market environment'...
- Grindrod Shipping to increase stake in IVS Bulk
Grindrod's chief executive Martyn Wade says that the current states of the dry bulk and tanker markets present 'attractive' consolidation...
- Platts to start LNG bunker price assessments
The IMO global sulphur cap and increasing liquidity in LNG marketplace are two factors supporting the increase use of LNG...
- Cosco Shipping Ports aims for expansion despite slow economy
Zhang Wei says the port company has no plan to decelerate the expansion of its global footprint
- Awilco looks to recover all costs related to collision
Awilco says the WilForce can resume trading from mid-September following repairs at a yard in Singapore
- Global Ports Holding agrees Nassau cruise port concession
The investment by Nassau Cruise Port joint venture is expected to generate $35-$40m in annual revenues
- Iran to expedite legal process against seized British tanker
Iran's vow to press ahead with legal action against the Stena Impero will come as a blow to those hoping...
- Viewpoint: Coping strategy
Regardless of whether Britain leaves the EU on WTO terms or with a revised deal, as far as shipping is...
- BW LPG sees more balanced markets as it returns to black
In the short term, the Oslo-listed owner expected continued high US LPG exports to support the strong rates
- Daily Briefing
Free to read: Yard merger reignites talk of Samsung's shipbuilding exit | World's largest VLCC owner warns of crude shipping...
- BDI continues upward momentum
The increase in rates could spur interest among owners to lock in gains by chartering their capes and panamaxes for...
- CSBC wins scrubber contracts for two newcastlemaxes
Yard has won scrubber fitting contracts for nine vessels in total
- Trump trade policies stimulate growth for US waterways, conference hears
The recent widening of the Panama Canal has also opened up possibilities for trade and commerce along the Tenn-Tom Waterway...
- M&A activity may pick up in Australia's oil and gas sector
WoodMac estimates $32bn worth of oil and gas assets may change hands in Australia in the next few years
- US officials tout competitive advantages of America's inland waterway system
Secretary Perdue briefed agricultural and waterways stakeholders on a new study commissioned by the US Department of Agriculture highlighting the...
|AUGUST 29, 2019|
- NJ pushes fight over waterfront commission
- Florida ports monitoring approaching storm
- NY-NJ targets weekend labor efficiency
- India cabotage reform boosts DP World's Cochin volumes
- J.B. Hunt levies intermodal peak season surcharge: sources
|AUGUST 29, 2019|
- Top Ships plaintiffs appeal dismissal of fraud suit
Shareholder plaintiffs want higher court to overturn federal judge's rejections of their complaints.
- National Bank of Greece to sell €300m shipping loan portfolio
NBG cuts bad shipping loans while rival Alpha cautiously expands exposure to industry
- Golar LNG fixes charters as spin-off looms
The company also secured a $180m loan and suspended dividends
- Nobu Su appeals against prison sentence, makes more lurid allegations of fraud
Taiwanese ex-shipowner claims mental ill health meant he did not have the capacity to conduct court proceedings brought against him.
- Trio of cruise companies sued for doing business in Cuba
The Havana Docks Corp has sued four cruise companies for using facilities in Havana they say they rightfully own
- Frank 'cautiously optimistic' as Sovcomflot returns to profit
Russian owner's CEO also hopeful for tanker prospects in 2020.
- Color Group falls into the red in first half
Norwegian ferry company Color Group had a weaker result in the first six months this year. The Olav Nils Sunde-owned firm posted a pre-tax loss of NOK 108m ($12m), against a NOK 525m profit in the same period last year. The company experienced increased costs on the new 2,000-passenger ferry Color Hybrid. It was delivered from the domestic Ulstein yard in August. The ferry is being employed on
- Wan Hai Lines offloads boxship pair for recycling
But recycling market remains tough with many negotiations failing to produce results
- Private Pittas family vehicle Eurobulk makes rare second-hand buy
The private side of Greece's Pittas shipping clan notched up their first dry bulker purchase in three years. Family outfit Eurobulk snapped up the 82,800-dwt kamsarmax Yasa Neslihan (built 2005) earlier this month, company managers confirmed. The ship was previously controlled by Turkey's Yasa Shipping, which slated it for sale as early as in July last year. Further details of the deal were not
- MPC Capital expects more from shipping in second half
Hamburg asset manager's transaction fees down in first half, but shipping operations stayed busy.
- Holst set for full-time post at L&S
Wilhelm Holst is to work full-time as CEO of Oslo broker Lorentzen & Stemoco (L&S) as former Avance Gas chief Christian Andersen joins the company. Christian Andersen bounces back to head Lorentzen & Stemoco Holst has till now been part-time as CEO. Andersen will become chairman of the company, TradeWinds is told. He will sit on the board with owner Caroline Tidemand and Gunnar Rydning. Trade
- Jinhui Shipping cautious as macro picture remains uncertain
Jinhui Shipping and Transportation has admitted it is finding it difficult to plan for the future while the global economic picture looks uncertain. Jinhui tears up Chartworld deal over late delivery "We see that the trade tension is the biggest overhang that's affecting the sentiment in the shipping market," Raymond Ching, Jinhui's vice-president, said during a conference call with investors on
- 'Big Ben' loan sale chimes lower income for Germany's Nord/LB
German lender continuing with massive asset reduction plan as it exits the maritime arena.
- Djakarta Lloyd eyes IPO and new tankers, LNG carriers
State-owned Indonesian company wants $14m as it continues to switch from liner operations.
- US cyber raid 'hindered Iranian tanker attacks'
Officials claim they destroyed database that helped IRGC target ships.
- Awilco LNG pursues 'substantial claim' after smash
Norwegian owner expects to collect cash soon following collision involving WilForce in May.
- Anchor-handlers lead Indian subcontinent scrapping charge
Indian shiprecylers boost appetite for small offshore vessels
- Danish heavyweights combine to form More Ships
Former Maersk boss Nils Andersen among those downplaying new investment vehicle.
- Market turnaround propels BW LPG to profit and pay dividend
Singapore gas carrier specialist set to reward shareholders with 10 US cent dividend
- UPM takes newbuild tally of LNG-fueled ships to seven
Finnish forest products group signs up with Dutch owner for four more Lo-Los
- Stena profit shrinks as costs rise
Second quarter earnings down but EBITBA from tankers and gas carriers up in first half.
- Sealink International sees eightfold increase in Q2 loss
But Malaysian OSV shipbuilder and charterer points to improved vessel utilisation
- Grindrod Shipping set to buy out IVS Bulk stakeholder
Deal would give Singapore-based shipowner two-thirds stake in dry bulk arm
- Two elderly sisterships offered up for rare LNG scrap sale
Ship demolition remains a rare event in the LNG industry but that could be about to change as charters end and new ships are delivered
- Wuhu Shipbuilding bags German dual-fuel chemical carrier order
Chinese yard has been contracted to build at least two 22,000-dwt vessels for TB Marine
- Onex books LR2 tankers at Hyundai Heavy Industries
Middle East Gulf trading company has placed its first newbuilding order
- Latest nickel ore tragedy will set focus firmly back on vessel safety
Standards of Indonesia's national fleet will have to improve as more of the country's nickel ore cargoes will be carried on domestic ships such as the Nur Allya, which is feared to have sunk
|AUGUST 29, 2019|
- Hunt imposes intermodal surcharge to recoup cost of shuttling empty boxes
J.B. Hunt imposes peak season intermodal surcharge to recoup costs of returning empties
- FedEx buys Colombian freight forwarder, customs broker affiliate
FedEx acquires Colombian freight forwarder, customs broker
- Logistics sector prepares for Hurricane Dorian and the aftermath
Logistics and transport sector ramps up contingency plans for Hurricane Dorian, while continuing to operate until better forecasts are available.
- Impatient customers? Paying nothing for something? Heavy goods shippers face same e-commerce delivery pressures as smaller stuff
Retailers of heavy goods like furniture face the same e-commerce delivery pressures as retailers shipping parcels, survey finds
- COSCO Ports overseas assets push first-half results higher
COSCO Shipping Ports (HKEX: 1199) reported higher revenue and volumes for the first half of the year. But the spin-off of a stake in one...
- States and territories swept into FMCSA order ahead of Dorian
Drivers hauling supplies in response to storm will be exempt from hours-of-service rules.
- Greenbrier, CSX and Norfolk Southern announce executive appointments
The new appointments could indicate how the companies are preparing to respond to future market trends.
- WFS investing in Paris airport pharmaceutical center
The facility will be the only one owned by a ground handler dedicated to pharmaceuticals at Charles de Gaulle Airport.
- Tanker owner, operator fined $3 million for air pollution
A tanker owner and operator were fined $1.5 million each for violating environmental laws within the U.S.-Caribbean emission control area.
- PORT REPORT: China's port throughput volumes rise despite trade war
New official figures from China's Ministry of Transport show that the volume of containerized ocean freight, as measured in twenty-foot equivalent units (TEUs) through China's...
- Freight Futures daily curve: 8/29
Freight Futures lane to watch today: East US Long Haul Van Average
- Amazon considers investment in Gojek, Indonesia's super app
Analysts and investors wait to hear about Amazon's expanded presence in Southeast Asia and on-demand services.
- JetBlue rejoins cargo sector with more capacity for success
JetBlue is making its way back into air cargo after exiting the space in 2015.
- US DOT awards $225 million for rural bridges
20 projects in 18 states emphasized new bridge-building technology.
- NYK orders two heavy-lift ships
Japans NYK has ordered two new ships to respond to demand by shippers of wind turbine blades and other large equipment.
- Lufthansa, Deutsche Bahn settle air cargo dispute
The European Commission alleges that a price-fixing cartel in operation from 1999 to 2006 set the levels of fuel and security surcharges.
- Today's Pickup: China looks to resolve trade dilemma with the U.S. through negotiations
China looks to de-escalate tensions with the U.S.; German exports affected more by Brexit than trade war; Indian auto sector in trouble.
- 150 HVH Transportation drivers still stranded two days after company's abrupt closure
Two days after HVH Transportation's abrupt closure on Tuesday, August 27, truck drivers like James Delva are still stranded across the country without working fuel...
- Hurricane Dorian sending logistics teams into high gear (forecast video)
Bottled water by the truckload heading to Florida ahead of Hurricane Dorian.
- Ecommerce delivery does not increase carbon emissions, but weekly supermarket runs do
Last-mile movement is one of the least energy-efficient operations within supply chains, and efforts need to be taken to consciously reduce energy expended in that...
- The great opportunity that comes with your data
Technology such as dash cams, ELDs, telematics and even diagnostics systems are helping fleets better manage their drivers and assets, and the opportunities to use...
- US sanctions Hong Kong firm posing as back door to Iran
A Hong Kong firm was sanctioned this week by the Office of Foreign Assets Control for its alleged role in the illegal transshipment of U.S....
- Mixed reality might be the edge that the logistics industry lacked all these years
Mixed reality smart glasses allow workers to become hands-free with logistics operations, helping them to focus solely on the package at hand.
- Living in a Trucker's Paradise
A recent study found these cities to be the best for those who drive heavy-duty and tractor-trailer trucks.
- Seattle's economic strength buoys regional drayage carriers
Strong regional and transloading demand keep inbound numbers strong.
- Driverless trucks debated ahead of proposed regulations
ATA says rules should assume "drivers" will no longer be people.
|AUGUST 29, 2019|
- External: Praxis Energy Agents DMCC
- Hong Kong bunker supply to tighten further on HSFO import cuts ahead of IMO 2020
Currently, the situation in Hong Kong is very chaotic so we have to monitor all the cargo statuses daily, a trader said.
- INTERVIEW: Kuwait to pump heavy crude in 2020, targets 3.2 mil b/d output
The $10 billion Al-Zour refinery is due to come online next year after several years of delays due to parliament inquires.
- Fujairah bunker demand strengthens as discount to Singapore widens to new record
"Demand is good at Fujairah currently despite regional tensions, so I believe there has been some buying interest diverted," a trader said.
- LNG SHIPPING WEEKLY: Atlantic and Pacific shipping rates steady
Pacific and Atlantic LNG ballast rates were unchanged at 100%.