Lucas Vos takes helm at Stolt Tankers Lucas Vos is to become President of Stolt Tankers, with effect from October 11, 2019. Vos, who was most recently CEO at Royal FloraHolland, succeeds Mark Martecchini, who will assume management of
VIDEO: TSB Canada warns on girding risks facing tugs The Transportation Safety Board of Canada today released its its investigation report (M18P0230) on the August 2018 girding and capsizing of the tug George H Ledcor. The TSB says that its report
OSG hopes for U.S.-flag future for two Korean-built newbuilds Overseas Shipholding Group, Inc. (NYSE: OSG) has taken delivery of two 50,000 dwt class product and chemical tankers from South Korean shipbuilder Hyundai Mipo Dockyard Co., Ltd. The Overseas Gulf Coast and
Bourbon Rhode: Death toll mounts Bourbon Offshore today reported the death of another crew member following the sinking of the tug Bourbon Rhode in the Atlantic Ocean on September 26. The Bourbon Rhode had 14 crew on board
Response to capsized car carrier continues Salvage workers are continuing to lighter the car carrier Golden Ray, the vessel that capsized Sunday, September 8, in St. Simons Sound, Brunswick, Georgia. The capsize was followed by a dramatic rescue of
Svitzer selects Schottel for tug trio building at ASL Two tractor tugs and one ASD tug currently under construction at ASL Shipyard, Singapore for Svitzer will be equipped with rudderpropellers from Spay, Germany, based Schottel, the German propulsion expert. All three
Eidesvik picks Wärtsilä for hybrid upgrade project Norway's Eidesvik AS is to upgrade its 2015-built construction vessel Viking Neptune. It has selected Wärtsilä to engineer, supply, and commission a hybrid propulsion system for the vessel. Wärtsilä says this latest
Banner year for Port of Beaumont The Port of Beaumont, Texas, has recorded what Port Director Chris Fisher calls a "banner year." For the first time in the port's 103-year history, more than 6.5 million tons of cargo
Iran to build two oil refineries in Gulf of Oman port The two refineries will have a total daily refining capacity of up to 450,000 barrels per day
UK's revised Brexit plan calls for intra-customs clearance on Irish Sea 'We will potentially need to create border infrastructure and complexity at even more UK ports than we're currently anticipating. None...
Trading platform could improve box booking White paper calls for open online booking system to help carriers visualise demand and stabilise load factors and rates
Maersk said to be considering sale of Rotterdam terminal Maasvlakte I is the older of two terminals at the Dutch port owned and operated by APM Terminals, which opened...
Hapag-Lloyd rules out Arctic shipping The box carrier claims use of Arctic passages is currently 'out of the question' due to environmental risks
Management club underlines loyalty to Cyprus Cyprus has long been a major shipmanagement centre and managers tend to have remained true to the island for many...
CSSC Shipping seals four ice class post-panamax bulker deal with Pangaea The new vessels will be used in support of Pangaea subsidiary Nordic Bulk Carriers' 10-year contract with Baffinland to utilise...
Carriers caught between higher costs and lower earnings Charter rates rise for larger vessels as scrubber installations take ships out of service
Greek-owned fleet continues to dominate According to LLI data, Greeks control more than 18.8% of the world dry bulk fleet and 19.8% of the world...
Athens - the hub that never had to try too hard The maritime cluster of Athens has existed for 2,000 years, but it has never been officially recognised until now
Avenir joint venture wins $28m LNG bunker tanker contract from Petronas LNG The joint venture between MISC and Avenir will provide inroads into the LNG bunkering market here as other companies in...
The interview: Theodore Veniamis Others need to speak up on a 'potentially catastrophic' implementation of sulphur cap, says Greek shipowners' leader
Daily Briefing Free to read: Cosco parent begins marine insurance exit from London as sanctions bite | Veniamis: 'It's not too late to...
GTT ties up with DSEC for LNG hybrid vessel Ponant, the owner backing construction of Le Commandant Charcot, touted this newbuild as the world's first hybrid electric ship propelled by liquefied...
Novatek ramping up LNG shipments via NSR to Asia 'Developing further the navigational efficiency via the NSR combined with the construction of LNG transhipment complexes in Kamchatka and Murmansk...
Sempra Energy agrees to supply LNG to China Three Gorges Corp 'This initial agreement with CTG represents an opportunity to support strong growth in natural gas demand in Asia, with future...
Pangaea confirms China pair with financing twist Ed Coll-led niche specialist is turning to Chinese leasing company and a Connecticut private equity partner to bankroll latest fleet additions in Arctic trade.
Underwriter B Riley FBR is buyer as well as seller in GSL follow-on deal Global Ship Lease happy with $55m windfall and with its bankers, who supported upsizing sale by buying $15m of the stock
Idan Ofer fixes LPG newbuild into three-year, $27m charter Midsize spot rates climbing, with more period activity
Investor unhappy with Brookfield's Teekay Offshore bid JDP Capital Management argues that Brookfield Business Partners is trying to take Teekay Offshore on the cheap
Data shows Iran-linked dark operations and STS transfers continue despite sanctions Data analysis firm Wandward says new STS hubs for suspected Iranian shipments are emerging
Webber: tanker tailwinds 'among strongest in a decade' One of shipping's most influential equity analysts has returned to coverage of the sector, but under his own shingle this time. Veteran researcher Michael Webber is back and so is his trademark "corporate governance scorecard," which examines the management practices of shipowners. And as Webber promised before he "hopped off the stagecoach" - allusion to the logo of former employer Wells Fargo
Aissot set for sizeable profit by reletting Evalend tanker newbuildings Dubai-based owner charters out two of its 11 VLCCs from Greek owners
Cosco Shipping Energy needs to be transparent if it wants to stay afloat Caught in the crossfire of the US-China trade war, Cosco's prized tanker subsidiary must do much more to reassure shareholders and business partners
Death toll mounts after Bourbon anchor-handler sinking Fourth body found following loss of Bourbon Rhode in the Atlantic
SD turns eye-catching $2.4m profit on PSV sale Oslo-listed owner sells large ship for much more than it paid for the unit in weaker markets
Watch the moment Stolt tanker exploded Camera captures devastating blast on Stolt Groenland in South Korea
Greece's Leon Shipping linked to purchase of GEM tanker Leon Shipping & Trading, a low-profile tanker owner from Greece, is believed to be behind one of several tanker sales reportedly carried out by Dubai-based player Gulf Energy Maritime (GEM). Gulf Energy Maritime linked to string of LR1 tanker sales Gulf Energy Maritime tied to $64m LR2 market exit
Peninsula prepares for IMO 2020 with $800m cash pot Bunker and tanker group adds to Asian finance facility led by HSBC
Charter rate of Avenir LNG's first small-scale ship emerges Level could set new benchmark for growing LNG bunker vessel supply market
Bugbee strikes for more Scorpio Tankers stock options President adds potential 100,000 shares to options for 150,000 acquired last week
Ostensjo and Foss team up for US offshore push Norwegian owner teams with US partner to focus on wind projects
Ince adds first shipping partner in Gibraltar Anne Rose tasked with developing practice in important shipping hub
Beazely claims war risk rates need to rise Senior underwriter says premiums are not high enough to cover worsening risk picture, particularly in the Middle East Gulf
Owners buying IMO 2020 'cheat devices?' No, just scrubbers Another week, another mainstream media outlet discovery of dastardly exhaust gas cleaning plot
Greece's Thenamaris offloads 18-year-old MR product carrier Diversified Greek shipping giant Thenamaris has sold its oldest tanker, an 18-year-old MR. US brokers said the Martinos family company's 39,000-dwt Searambler (built 2001), which has an ice-class 1A notation, has gone to a Russian buyer for $7.9m. Aframax earnings to heat up on Russia and Norway crude supply Peter Weernink takes back control of operator SwissMarine Thenamaris did not reply to
Karadeniz denies buying aframax for fleet of power stations Karadeniz Holding has denied reports that it has bought an aframax tanker to add to its rapidly growing fleet of floating power stations. Several broker reports earlier this week identified the Turkish company as the buyer of the 105,300-dwt Happy Century (built 2001) for $12.5m, with the intent to convert the vessel. FSRU for world's first LNG-to-power project near completion Karadeniz to co
Navig8 unveils plan for free online fuel benchmarking site Group with fingers in every piece of the IMO 2020 pie is poised to go live with platform for bunker pricing and quality reports
Graig Shipping marks centenary with 100km charity cycling event The Tour de France it was not - but that did not stop some of London's top sale-and-purchase brokers from donning their Lycra for a bike ride in the Welsh countryside in aid of charity. The event, which raised more than £30,000 ($36,830), was held to mark the 100th anniversary of UK-based shipowner Graig Shipping. A wet and windy September morning saw 75 riders embark on the 100km ride on a rout
UECC adds third battery hybrid car carrier Owner declares option for another vessel at Jiangnan Shipyard in China
Chad Call steps up to CFO role at Zeamarine Former Intermarine man succeeds another as Michael Dumas resigns
Cobas continues shipping push with Hoegh LNG buy Spanish fund builds stake to more than 10% in Norwegian operation
Bulker damaged after hitting pier in Brazil Port of Imbituba operational after incident involving Wisdom Marine vessel .
Hong Lam Marine books four small tankers in China Singapore bunker tanker owner expected to take delivery of first ships by 2021
Sri Lanka files 7,573 charges over alleged arms transfers Ukrainian master is finally indicted, four years after vessel was seized
Sempra Energy eyes potential China LNG supply deal US firm says agreement is an opportunity to support strong growth in Asia's natural gas demand
China's one-party rule struggles to catch up to economic miracle Sanctions and Hong Kong protests show how country's outmoded politics stand in the way of commercial gains
Vortexa: Euronav's ULCC Oceania arrives off Malaysia Ship adds to at least 3.5mt of IMO 2020 compliant bunker fuel said to be floating in tankers in region
Ocean Rate Report: Sanctions still stoking supertankers Crude tanker rates continue to surge, driven by geopolitical tensions. Meanwhile, container rates remain weak.
Canadian National truckers ratify new contract Unionized Canadian drivers for CNTL approve four-year agreement that increases rates for wait times and mileage.
Loss of Parcel Select business could hit USPS hard, consultancy says USPS faces big revenue, volume erosion from loss of big Parcel Select customers, ShipMatrix says
Third quarter carload declines worst yet in 2019 Heading into earnings season, the railroads clearly have a revenue headwind as carloads declined again in the latest week.
Surface Transportation Board issues two proposed rulemakings The rulemakings address cost of capital calculations and rail performance data for chemicals and plastics traffic; shippers also press Board to act on fuel surcharges.
Searcy Specialized president voices opinion on hours of service debate Dan Doran suggests the industry should've focused on HOS revisions before discussing ELDs.
Anheuser-Busch charges into California electric truck demonstration race Anheuser-Busch is one of the biggest customers in line for hydrogen-powered fuel cell electric trucks from Nikola Corp., iNow, it is jumping into California's electric...
Indiana short line, rail groups file lawsuit over Illinois' crew size law Groups say existing federal laws trump Illinois' mandate on train crew size.
IMO 2020: diesel - crude spread blows out to widest level this year Energy markets appear to believe that capacity constraints will raise diesel prices next year.
Food-delivery apps add more supermarkets to their routes Postmates just announced a partnership with Walgreens and Duane Read stores - all 174 of them - in Manhattan and Brooklyn.
Airbus issues stark warning on WTO tariffs WTO green-lights $7.5 billion of tariffs
Traton charges ahead with €2 billion investment in electric, autonomous vehicles Truck subsidiary of Volkswagen AG will split investment into electric vehicle and software development to speed introduction of alternative fuel and self-driving commercial vehicle options
Virgin Atlantic seeks to expand cargo footprint Tel Aviv is the carrier's latest destination
Officials in South Texas looking at China for new factories and jobs Officials with the McAllen Economic Development Corporation (MEDC) will soon take a second tour of China to look for new partnership opportunities in that country....
YRC combines long-haul, regional operations in Michigan YRC merges terminals in northern Michigan in first step of network optimization plan since landing new financing
Freight Futures daily curve: 10/2 After a lower contract roll, Freight Futures start looking to fundamentals.
Kriska buys two small Canadian carriers Ontario-based firm acquires Trailwood Transport, an automotive specialist located near two Honda plants, and nearby Nexus Freight, which will bolster local capacity.
Shifting freight demand from truck to rail will improve air quality, study finds Maintaining strict emissions regulations and levying a carbon tax on freight movement will help reduce mortality rates due to air pollution.
CBP presses continuing education for customs brokers The National Customs Brokers and Forwarders Association of America will work with U.S. Customs and Border Protection to develop the education program.
Some small carriers still clinging to old telematics devices into fourth quarter Only 5% of carriers are still using automatic onboard recording devices (AOBRDs), according to a FreightWaves survey conducted in conjunction with EROAD and CarrierLists.
Delta projects strong 3Q despite cargo slump [Editor's Note: The photo has been updated to reflect a plane currently in service] Delta Air Lines' [NYSE: DAL] cargo volume fell 10.5% in September...
Civil construction equipment industry thrives in the face of slowing economy The civil equipment industry is thriving in the face of an overall manufacturing and industrial slowdown with demand for 5G fiber-optic cable installations and state-funded...
Today's Pickup: This drone could save your life Deliveries of automated defibrillators by drone beat paramedics by seven minutes to simulated cardiac arrest patients during round of test flights in Canada.
Food as Software Growing investment and consumer interest in laboratory-grown meat will change the dynamics of the industry.
Flood risk ongoing in Plains states today (forecast video) Several Plains states will have wet, slushy or snowy roads today with flash flooding likely in some areas.
Thomas Cook airport slots coveted by other carriers With Thomas Cook in liquidation, lucrative take-off and landing slots are highly prized
AvatarFleet President offers solutions to 'the driver problem' AvatarFleet is in the business of simplifying the process in which transportation companies find not just drivers, but safe drivers.
GE pays $2.7 million fine for Cuban sanctions violations The U.S. Treasury Department's Office of Foreign Assets Control said three GE subsidiaries failed to use "reasonable care" by accepting payments from a Cuban entity...
Salesforce forecasts 13% holiday e-commerce growth in 2019 (with video) Salesforce drew on three years of data from 4,500 e-commerce sites to generate its forecast.
ChemDirect joins blockchain alliance ChemDirect, an online marketplace serving the chemical industry, announces it has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to determining best practices...
TruckPark adding more than 10,000 truck parking spaces to reservation app TruckPark offers drivers the chance to reserve a parking space at dozens of locations throughout the country. A new partnership with Storemytruck.com will expand those...
Liner customers "bewildered" by new low-sulfur fuel charges From Oct. 1 new low-sulfur fuel charges are being levied by some container lines with more to follow through Q4. Use of the fuels is...
Rotterdam 0.1%, 0.5% bunker fuel spread narrows on rising 0.5% demand The price spread between Rotterdam 0.1% marine fuel oil and 0.5% marine fuel oil narrowed in September .
Bunker operations at Zhoushan to resume Thursday after typhoon Bunker delivery operations at the key Chinese bunkering port of Zhoushan will resume Thursday at 8 am (0000 GMT) after typhoon Minag moved out of the area.
External: Global Risk Management
Bunkering at S Korean Busan, Ulsan ports suspended on typhoon Mitag "The terminals are closed now and will open from October 4," a South Korean trader said.
Japan delivered Marine Fuel 0.5% bunker premium hits record high on growing demand Japanese companies gear up to supply 0.5% sulfur marine fuels.
Shipowner group BIMCO proposes IMO limit ship power to curb GHG emissions Focus should be on emissions and, by proxy, power, BIMCO said.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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