Harvey Gulf continues international push Two Harvey Gulf International Marine PSV 3250's arrived without incident in Nigeria on August 12, 2019 and immediately began one-year contracts (see earlier story). "We want to thank our local partner and
First barge launched at reopened Arcosa Marine facility A barge yard idled in 2015 is back in business with a splash. Arcosa Marine recently launched the first barge to be completed since it reopened its Madisonville, La., yard in April.
Donsötank Wuhu duo to have Hydroniq coolers Two 22,000 dwt oil products and chemical tankers on order for Sweden's Rederi AB Donsötank will feature hull-integrated seawater cooling systems supplied by Ellingsøy, Norway, headquartered Hydroniq Coolers. The vessels are being
Oldendorff newbuilds will be first bulkers with Azipods Two 21,500 dwt self-unloaders on order for Germany's Oldedorff Carriers will be the first bulk carriers to feature ABB's Azipod electric propulsion. The vessels are set for delivery to Oldendorff Carriers in
Teekay and Transport Canada working on low noise tanker Recognizing that marine species, including the Southern Resident killer whale, are impacted by underwater vessel noise, the Government of Canada has launched a Quiet Vessel Initiative. Transport Canada is finalizing an Agreement
Keppel Nantong holds naming ceremony for Singapore's first DF bunker tanker Keppel Offshore & Marine reports that Singapore's first dual-fuel bunker tanker was today named Marine Vicky by Ms Quah Ley Hoon, Chief Executive of the Maritime and Port Authority of Singapore (MPA),
Seastreak orders second 600 passenger fast ferry Designer Incat Crowther reports that Seastreak LLC, Atlantic City, N.J., has ordered a sister vessel to its Seastreak Commodore. Delivered last year (see earlier story) the Incat Crowther 45 design, 600 passenger
Sulphur cap to drive up marine fuel market value by 30% The red tape being imposed on the shipping industry in January 2020 is expected to push up the price of...
World boxship fleet update: A mood of caution Cosco's revelation that it has no plans to develop 25,000 teu containerships indicates a sense of collective caution among owners
Capesizes experiencing 'fragile spike' Brazilian iron ore volumes, while recovering, are still below last year's levels, according to BIMCO
Veteran master among 19 awarded Merchant Navy medal 'These remarkable men and women have gone above and beyond their duty to provide an invaluable service not only to...
Two workers die and 13 injured at Bangladeshi ship recycling yard Including this latest incident, 15 workers have lost their lives at Chattogram this year
Fuel contamination risk mitigated in Singapore Singapore Shipping Association president Caroline Yang says bunker tankers in the port would have to be equipped with two or...
Insurers brace for Hurricane Dorian claims Analysts at UBS have predicted that the total bill for insurers with a range from $5bn to $40bn, with $25bn...
Iranian oil tanker 'goes dark' off Syria The closely watched Adrian Darya 1 has not emitted an AIS signal since about 4pm GMT on Monday
Japan will not join US-led Strait of Hormuz protection force The Asian nation has close economic ties with Iran but is also a major ally of the US
Daily Briefing Free to read: Why the Adrian Darya 1 saga is an issue for the whole industry | US ports on...
Cosco Shipping quashes speculation about 25,000 teu newbuildings His remarks come after a Cosco Shipping research unit said in March that a technical study on developing the 25,000...
US Atlantic ports batten down ahead of Hurricane Dorian Georgia Governor Brian Kemp visited his state's port in Savannah on Monday, and learned of measures being taken by officials to secure...
Sovcomflot cautiously optimistic for the second half of 2019 Chief financial officer Nikolay Kolesnikov said that the company does not have plans to retrofit existing vessels with new engines...
Safe Bulkers makes headway with scrubber fittings Hajioannou company says it has completed a quarter of its installation programme
Trafigura opens position in Frontline after suezmax deal Trafigura has taken its stake in Frontline as part of its blockbuster deal to sell the John Fredriksen company more than a dozen tankers. The Swiss commodities trader disclosed its 16 million share stake in the New York-listed shipowner in a Securities and Exchange Commission filing Tuesday. Fredriksen still hungry for deals as hunt for succession looms Fredriksen working on VLCC merger deal to
Hurricane Dorian shutters Florida ports The storm has reportedly killed five in the Bahamas
Kumiai Senpaku inks 'first of its kind' dual-fuel LPG newbuilding Deal represents the first order for a small gas carrier that will run on LPG
No let up as rally in Hapag-Lloyd share price continues But stakeholder in city-state of Hamburg reaffirms support for the German city and is unlikely to cash in its chips
Scrubber makers should focus on long-term eco credentials, says Clean Marine CEO Short-term business prospects are buoyant with IMO 2020, but Nils Hoy-Petersen says cutting particulate matter emissions and the carbon footprint may be more crucial to the long-term application of scrubbers
Clarksons' Omar Nokta returns to head shipping research Top analyst is back to head bank's push in a vacuum left by departures of big names from other investment firms
War risk and cyber products evolve in marine insurance Underwriters develop and add new products to account for heightened political tensions and advances in internet technology
Marine insurance needs you, if it is to meet upcoming challenges Joint Hull Committee co-chair Paul Fry says the industry must respond as one if it is to tackle emerging risks and regulatory change
World War II bomb at Blohm+Voss blocks vessel traffic Ship traffic on the Elbe has been interrupted as Hamburg authorities disarm a 75-year-old bomb
Creditors agree crucial 3 Maj debt deal Bank repayments to be delayed as shipbuilder receives $22.15m new loan.
Polsteam logs big cargo increase as bulker market remains tough Profits rise further since Pawel Brzezicki brought in by government to revitalise Szczecin-based bulker giant
Neda returns to Hyundai for VLCC newbuilding Lykiardopulo company Neda Maritime Agency has gone back to Hyundai Heavy Industries (HHI), its preferred yard for large crude carrier newbuildings in recent years, to order yet another VLCC. Market sources are saying that the company has booked a single such unit at Hyundai Samho for about $91.5m. TradeWinds understands that no options are attached to the deal. The last VLCC Neda ordered, back i
Sovcomflot claims NSR first for LNG-fuelled tanker Russian owner completes first trip along the Arctic route by one of its gas-powered aframaxes.
Plan moves forward to resurrect large-ship construction in Poland State-owned Unity Line and Polferries behind $666m project for ropax quartet
Latsis spawns offshoot as home for LNG activities Greece's Latsis shipping group has set up a separate company that will apparently serve as a vehicle for its fledgling presence in the LNG sector. Latsco LNG Marine Management Inc obtained a licence to set up a shipmanagement office in Greece last month. The office of the Marshall Islands-based outfit resides in Latsis' corporate headquarters in Athens and is headed by senior group managers Geor
Zim brings in customers as digital 'influencers' Israeli line sets up panel for clients to guide its innovations.
TGP buys $489m chunk of Dream Cruises as loss cut Sale will strengthen owner Genting Hong Kong as it completes two huge newbuildings for brand.
P&P Shipping ends sale-and-purchase hiatus with supramax Low-key dry bulk specialist P&P Shipping has returned to the sale-and-purchase market to buy a Chinese-built supramax. The Piraeus-based company last bought ships as part of a fleet renewal in 2016. Its managers said at the time they would not consider any further expansion moves before digesting the two acquisitions they made that year. Almost three years on, with the dry bulk market looking in
Bangladeshi demo yard accident kills two NGO Shipbreaking Platform said incident happened at Chattogram based yard
Meriaura signs charter for biofuel vessels Finnish owner teaming up with Stockholm Exergi for CO2-neutral transport operations.
BoComm adds Torm quartet to Navios product tankers Torm has joined Navios in products tanker sale and leaseback deals with Chinese players
Atomflot signs $1.5bn deal for two more icebreakers Russia's nuclear agency Atomflot has ordered two additional multipurpose nuclear-powered icebreakers worth $1.5bn. They are the fourth and fifth in its Project 22220 series at the Baltiysky Zavod yard, it said. Demand for nuclear-powered icebreakers along the Northern Sea Route is growing, with the increasing cargo flow meaning that the era of the most advanced nuclear-powered icebreakers is not
Ex-Jebsen execs ramp up LNG bunkering plans Nicholai Olsen and Are Magnussen start operations with trucks, but plan to charter in ships.
Solstad CSV wins two-year extension on cross-Channel cable project Prysmian Powerlink has extended its contract on a construction support vessel (CSV) owned by Solstad Offshore by another two years. Solstad Offshore buys more time for debt talks Solstad still eyeing financial restructuring amid balance sheet pressure The 6,700-dwt Normand Pacific (built 2010) will continue working for the subsea power cable company until 31 December 2021. Prysmian has the opt
Donso fitting engine coolers to tanker newbuildings Swedish owner picks Hydroniq system to lower operating costs.
IUMI sees growth in database for large losses More countries join marine insurers project to develop global database of marine losses
Insurtech gathers momentum in marine sector Underwriters and brokers are increasingly using machine learned behavioural analysis to rate risk
Adrian Darya 1 goes dark in East Med Iranian VLCC looks to have switched off AIS as speculation mounts about destination of crude cargo.
Jefferies initiates Eagle Bulk coverage with buy rating Randy Giveans says sector outlook attractive and owner has significant operating leverage.
GC Rieber staff lose appeal against sackings Norwegian owner says court has kicked out legal action by 17 former employees
Ex-Hornbeck PSV re-emerges as superyacht 1997-built offshore vessel upgraded in US by VMAG.
Oldendorff set to give Azipods debut in dry bulk sector German owner says propulsion concept has "reduced the investment costs dramatically"
Lack of impairments helps stem red ink at Icon Offshore Malaysian OSV player says local upstream industry expected to gradually improve, but may be volatile
Singapore shipping exec faces five years in Changi for alleged corruption Director of marine services company Hai Hup Huat accused of offering money to acquire business deals
FreightWaves, one of the fastest growing tech companies in the South, is rapidly expanding FreightWaves has become the number one source of data and market insights in freight for one reason: our people.
Video: Volvo unit conducts Japan's first Level 4 autonomous trucking demo U.D. Trucks, the Japanese unit of Swedish truck maker AB Volvo. conducted the first test of an Level 4 autonomous truck in the island nation....
U.S. to leave global postal union next month barring last-minute action; exit could send global parcel rates soaring USPS' impending exit from Universal Postal Union could send international air parcel rates soaring
Montreal air cargo hub Mirabel gets C$107 million boost Canadian government and airport authority to invest in air freight and logistics at Montréal-Mirabel International Airport, the main production site for the Airbus A220.
CSX and Norfolk Southern ready themselves for Dorian The railroads say customers should expect delays and rerouting because of the hurricane
ONE, OOCL add reefer containers as fresh food trade set to expand Sixth largest container shipping firm cites Asian demand for fresh food as prompting the move.
Waiting to get rid of old telematics devices could cost carriers big Waiting until the last minute to switch from AOBRDs to ELDs could cost carriers time and money.
South Florida customs brokers, forwarders 'spared' by Dorian South Florida's customs brokers and forwarder employees begin returning to their offices, with the region mostly avoiding the damaging effects of the hurricane.
Commentary: Does Brazil's need for ethanol provide greater opportunities for U.S. farmers? Do U.S. corn producers have an opportunity to sell more to Brazil for ethanol production?
Truck Maintenance 101: Keeping your vehicle in tip-top shape Staying on top of repair and maintenance is one of the most important elements in securing your truck's lifespan.
Commentary: What's a rail freight KPI, and why care? Market Voice Jim Blaze contents that railroads are using the wrong KPIs to increase volume and capture market share from trucks.
ATA president tackles trucker safety American Trucking Associations President & CEO Chris Spear sits down with Craig Fuller on this episode of Fuller Speed Ahead.
Freight Futures daily curve: 9/3 Trucking Freight Futures lanes in and out of ATL up significantly in fear of Dorian
East Coast freight markets distorted by Dorian response Rates and rejections into the Southeast are elevated as trailers and tractors are staged for disaster relief.
Trans-border truck freight along the U.S.-Mexico border was down 1 percent in June Cross-border truck freight with Mexico dipped 1 percent in June, compared to the same period in 2018, according to recent data from the U.S. Department...
Federal agency rules misclassifying employees is not a violation Ruling considered a win for trucking companies.
Soybean and cattle farming to blame for Amazon rainforest fires How tariffs played a role in Amazon deforestation.
The for-hire trucking market does not have a driver shortage problem There isn't a driver shortage. In fact, there is a glut of capacity on the road, and not enough freight to haul.
E-scooters are not good for the environment, German government study finds As a medium of shared mobility. e-scooters are finding wider acceptance in Germany, but it is yet to be seen if they can decrease street...
'Last chance to evacuate' Jacksonville Northeast Florida readies for Hurricane Dorian, Uber and Lyft offer free rides, Georgia ports remain closed and UPS issues pickup and delivery advisory.
China begins probe into FedEx knives shipment to Hong Kong China has begun probe into charges FedEx handled restricted knives bound for Hong Kong
Shippers brace for sharp rise in ocean fuel costs as IMO 2020 looms The price of new IMO 2020-compliant low-sulfur fuels is already 30% higher than fuels currently in use, but costs will rise further as the Jan....
Hurricane Dorian inching closer to U.S. (forecast video) Major hurricane Dorian still on track to damage southeast U.S. coast.
Commerce stresses due diligence with exports to Pakistan The BIS Office of Export Enforcement has "revealed schemes" by Pakistani entities attempting to acquire U.S. technologies to support the country's nuclear program.
Tanker operators sanctioned for North Korean fuel transfers OFAC has added two Taiwan entities and another in Hong Kong, as well as their managers, to its list of sanctions for illicit ship-to-ship transfers...
CNH Industrial takes $250 million lead in Nikola's Series D round Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million...
Today's Pickup: Air cargo volumes still trending down, but maybe stabilizing Air cargo volumes dropped again in July, but may be stabilizing based on new data.
TruckIT brings visibility to the trucking marketplace TruckIT connects dump truck supply with demand through its marketplace, which helps contractors to plan their needs better and truckers to make more money in...
Intelligent Cargo Systems helps ships improve efficiency of port calls The London-based startup is helping ships to optimize their port docking time, allowing them to sail early and save on fuel by sailing slower.
How shippers can use a TMS to monitor carriers, boost freight efficiency Leveraging a TMS helps shippers improve their operations, but it can also ensure the carriers hauling their freight meet all regulations and adhere to contracts.
FIATA calls for carrier talks over fines Maersk, Hapag-Lloyd, HMM and OOCL have announced plans to impose penalties on shippers.
NCBFAA's longtime lobbyist rounds bases After 35 years representing the National Customs Brokers and Forwarders Association of America on Capitol Hill, Jon Kent has decided it is time to retire.
Dorian to shut U.S. Southeast ports, intermodal for much of week Hurricane Dorian's approach upward along the U.S. Southeast coast will shutter maritime and rail assets throughout the region during the week. Dorian was located just...
SUBSCRIBER NOTE: Platts to launch LNG Bunker Fuel price assessments Platts will assess the differential from the nearest LNG price assessment or netback published by Platts, publishing the final assessment on a flat price basis.
USGC Sep middle distillate deliveries to Europe so far at 700,000 mt "The arb economics are a little bit less attractive, I think less will come [into Europe] in September than in August," a diesel trader said.
Qatar Petroleum, Fluxys expand long-term deal for Zeebrugge LNG terminal Qatargas delivered its first LNG Q-Max, the largest class of LNG tanker to the Zeebrugge LNG terminal in July.
Japan looks to expand leasing oil storage capacity to producers Japan is looking to expand leasing crude oil storage capacity to producers by about 30%, or 4 million barrels, to enhance supply security.
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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