TOTE awards Philly Shipyard a second RRF vessel drydocking Philly Shipyard, Inc. has been awarded a drydocking contract for the Ready Reserve Force (RRF) vessel, FSS Pollux. The vessel is owned by the U.S. Department of Transportation's Maritime Administration (MARAD) and
Foss inks U.S. offshore wind MOU with Østensjø Rederi Foss Maritime LLC, Seattle, has signed a Memorandum of Understanding with Haugesund, Norway, headquartered Østensjø Rederi AS to establish a partnership to provide domestic Service Operation Vessels (SOVs) for offshore wind projects
Navy starts second phase of "Ghost Fleet" unmanned vessel program The Navy's Program Executive Office Unmanned and Small Combatants (PEO USC) has started the second phase of an unmanned vessel program that it calls "Ghost Fleet Overlord." The program, developed by the
Stolt-Nielsen can meet contractual commitments after tanker fire The damage to Stolt Groenland is still being assessed, with no clear idea of how long repairs may take
Stena Bulk and Proman Shipping form methanol-fuelled tanker partnership The joint venture will begin with two medium-range tankers that have not been ordered yet, but are expected to be...
Singapore stockpiles IMO-compliant fuel in floating storage An estimated 4m tonnes of low-sulphur fuel oil is being stored on board 18 very large crude carriers around Singapore
India plans to divest stake in state-owned shipowner The administration of India's prime minister Narendra Modi is hoping to use proceeds from the sale to plug budget gaps...
Independent fleet that 'follows the cargo' Greek-owned fleet's global reach and trading patterns have always impressed - but, if anything, its footprint is becoming even more...
Minoan Lines aims for 'green ships, no debt' Minoan Lines has positioned itself to thrive in 2020, but fuel costs remain a volatile factor for any ferry operator
Greek tankers owners moving to LNG Years of experience in tanker ownership and operation are common credentials of today's liquefied natural gas carrier owners, and this...
Viewpoint: Credit where it's due Clever design went into making the vessel Aries Leader, a trailblazing pioneer in sustainable shipping, and we ought to think...
Daily Briefing Free to read: Brexit plan calls for customs clearance on intra-UK trade | Novatek ramping up LNG shipments via NSR...
BHP forms partnership with Klaveness on logistics platform The platform will improve the way the industry collaborates and shares scheduling and vessel information
Shrinking fleet may aid smaller dry bulk segment The dry bulk sector should end the year at least 10% higher on the Baltic index compared with 2018, said...
Oil spill from capsized car carrier at US port of Brunswick secured Capt Jonathan Tennant was praised for his action to put the car carrier in a location that allowed the port...
Lawsuit: Ship too slow to carry bananas leads to six-figure losses This case is bananas. Florida-based Great White Fleet filed suit against the 18,318-dwt boxship Warnow Whale (built 2007) and its registration company Princesia Shipping Wednesday for allegedly going too slow while moving cargoes of Chiquita bananas around Central America ahead of shipment to the US. Tug operators pulling for owed towing fees Interunity-linked shipowner fires back at Chembulk T
Bugbee buys Hermitage shares Hermitage Offshore president Robert Bugbee has upped his stake in the company. The New York-traded PVS owner announced after the close Wednesday that on 1 October the shipping veteran bought 70,000 shares at $1.03. Bugbee strikes for more Scorpio Tankers stock options Hermitage shares closed at $1.05 Tuesday and opened at $1.10 Thursday. Bugbee took a leadership role in Hermitage after the Sco
ClipperData expects LSFO to be 2020 fuel of choice Energy intelligence provider says industry fears that availability of new 0.5%-sulphur fuel products is receding
Sommer to succeed Stuart in Norwegian Cruise Line reshuffle Stuart to leave top job after three decades with the cruise group
Stena and Proman team up on new methanol tankers New joint venture will focus on newbuildings to boost use of sustainable fuel
Ship fuel 'DNA tracing' pilot scheme a success New venture deploys synthetic tagging in dredger's bunkers to reduce contamination ahead of IMO 2020
Ostensjo's Walland: new orders may be needed for US venture OSV owner says it will build new ships if it wins wind farm business
US sanctions turn up pressure on Cosco's international insurers Reinsurance market will likely rethink how it provides marine cover for giant Chinese shipping group
Russia's Novatek relaxed about Cosco joint venture Energy company says Yamal LNG project has all the necessary capacities to meet its contractual obligations
'Iranian tanker' moors alongside Adrian Darya 1 in Syria Image appears to show controversial VLCC preparing to offload crude cargo
Ian Webber says expensive $340m bond is now in GSL crosshairs Anyone looking for a likely use of Global Ship Lease's $51.7m in net proceeds from a follow-on equity sale may want to pay attention to a pricey $340m high-yield bond. The instrument, which predates GSL's merger last year with Poseidon Containerships, carries interest at 9.75%, making it the costliest debt on the owner's balance sheet. GSL's deal windfall grows as underwriters buy more GSL chie
No damage to boxship cargo after tanker clash ONE says chartered ship back in service after Greek collision
Gard seeks solution to boxship fires Norwegian insurer to host seminar on how to end shipping's biggest safety concern
Officer watching music videos before Priscilla grounded Distraction contributed to significant hull damage to Wagenborg vessel
Capital Maritime set to firm up world's first LNG-fuelled VLCC Greek owner on the cusp of taking a pioneering, apparently speculative move on large tanker newbuildings
SM Line hives off former Hanjin Shipping trio in $100m deal Owner sells its three biggest ships as interest in large tonnage picks up
Siem's Subsea 7 agrees 4Subsea takeover deal Norwegian oil and gas contractor to boost artificial intelligence operations
Container freight rates drop as slack season kicks in Container freight rates have fallen to their lowest level in several months as the traditional slack season kicks in. A composite of freight rates on eight east-west shipping lanes dropped to $1,262 per 40-foot container (feu) for the week to 26 September, according to the World Container Index (WCI). That is the lowest level since May 2018. The heaviest drops have been on the westbound Shangha
Pavimar to sell oldest bulker in renewal move Greek owner Pavimar is in the process of selling a 14-year-old supramax bulker in a move that will help to lower the age profile of its fleet. Sluggish handysize S&P market perks up as buyers break cover Medmar shutters, leaving chartered fleet in the lurch Brokers in the US and Greece said that the Ismini Panayiotidies-led company had sold the 53,000-dwt Ribbon (built 2005) to an undisclosed b
Government plots $184m sale of Shipping Corp of India Cabinet to consider proposal to offload entire stake in tanker, boxship and bulker owner
Greeks take a shine to ageing bulker tonnage SwissMarine Inc, Monte Nero and Valerie said to have pounced on panamax and kamsarmax vessels
SD supply ship tipped for conversion project High price explained by sale of PSV out of offshore market
Bijan Foroohari buys largest boxship amid fleet expansion German owner will be targeting vessels in the 2,000 to 3,500-teu segment, following the BH Mahia purchase
Stolt-Nielsen clears bond debt ahead of market upturn Norwegian chemical tanker owner redeems $148m issue, with another $212m in payments lined up
Singapore ship manager charged with serial corruption Individual could face up to 15 years in Changi Prison if found guilty of breach of trust charge
Asian yards pushing hard to meet 2019 sales targets Shipbuilders trying to catch up from slow start amid low newbuilding enquiry as owners hold back from ordering over concerns about market and fuel choices
US sanctions lead to big bulker queue in Iran Payment delays leave more than 20 ships stuck for over a month
Sinokor grows trading LNG fleet in hot market South Korea's Sinokor Merchant Marine is reactivating some of its LNG carrier tonnage from lay-up as the market begins to rise for winter. LNG carriers snapped up for multi-month business Sources revealed the company is in the process of returning four of its steam turbine vessels to the market after putting them into a yard for upgrades and refurbishment. They named the ships as the 125,568-cb
Sentiment soars for LNG ships as rates clip the six-figure mark Flex LNG ties up two ships on spot deals at high numbers but market players ask if this will be sustained
Wison Offshore & Marine pushes SPB for LNG bunker tanks Wison Offshore & Marine is building a new production line at its site in China to construct SPB-type LNG tanks. The Chinese shipyard has received some initial interest as it targets the rapidly emerging LNG bunker market. Senior vice president Maarten Spilker said Wison is seeing enquiries for of about 10,000 cbm and is planning to build a new structural workshop at its Nantong yard with phase o
Corruption probe rattles Greek ports A wide-ranging cartel investigation is rocking Greece's two major ports, with authorities suspending six pilots and the harbor master of Thessaloniki as well as the chief pilot in Piraeus. Their suspension, announced by Greece's shipping ministry late on Wednesday, comes after media reports that 18 individuals were facing charges for allegedly forming a ring to extort money from shipping companie
Samsung only Korean yard expected to meet 2019 order target But pace of newbuildings expected to pick up on back of IMO 2020 and strong LNG order pipepline
Hapag engineer proves engines aren't just toys for the boys On the advice of her ship's engineer godfather Svetlana Timm-Vengerov went to see - nearly 10 years on she doesn't regret it one bit
Tanker stocks keep pace with rising rates amid China sanctions With tanker rates surging, tanker stocks are following. Since the US slapped six Chinese companies with sanctions 25 September, several crude tanker owners have seen their share prices shoot up. Euronav, the New York traded owner with the biggest VLCC fleet, has seen its shares jump 9.26%, from $8.53 the day the sanctions were levied to $9.32 in late trading Wednesday. Frontline saw its shares
Capesize bulkers set for volatile market until year end Rates forecast to fluctuate between $22,000 to $45,000 per day over the next several months
UPS to invest $220 million in Louisville maintenance hangar UPS is adding infrastructure capacity for its airline to keep up with demand for Next-Day air volume.
Amazon scolded for being "evasive" on contract drivers Company insists contractors are held to "high standards."
6,000 Mexican auto workers laid off by the ongoing UAW strike against General Motors The United Auto Workers union strike against General Motors (GM) has forced GM to stop production at more factories across Mexico. General Motors announced it...
Metro Supply Chain acquires last-mile provider Custom Delivery Solutions Canadian third-party logistics provider purchases asset-based firms in Calgary specializing in large-format deliveries of consumer goods.
Expectations for peak trucking spot rates continue to moderate The forward curve inches lower.
Amazon Prime Air VP touts environmental, safety benefits of drone delivery (with video) Gur Kimchi talks about Amazon's approach to delivering packages to your doorstep via drone.
Trade uncertainty stunts Class 8 truck orders Preliminary September orders for Class 8 trucks improved over August but remained stagnant as fleets delayed booking new equipment in the face of ongoing trade...
Autonomous trucks reach a new milestone (with video) FreightWaves' Chief Analytics Officer Dean Croke (who also has been a professional truck driver), reviews the newest Freightliner Cascadia.
Linamar says GM strike costing up to C$1 million per day Canadian auto parts firm's shares plunge by more than 10% after it warns of earnings hit from a slowdown in General Motors orders.
Using technology to tame Fluctuating container rates The consultants Drewry and supply chain software company CyberLogitec say technology could help small and medium shippers by reducing volatile spot rates.
Carrier agrees to pay $22,500 to settle truck driver's EEOC lawsuit over service dog A Minnesota-based trucking company has agreed to pay $22,500 to settle a federal lawsuit stemming from allegations it required a truck driver to pay fees...
Tesla acquires Deepscale, accelerates towards road-ready robotaxis Deepscale's focus on computer vision to give cars "sight" is different from light detection and ranging (LIDAR).
Freight Futures daily curve: 10/3 Freight Futures mostly unchanged in quiet trading session on Wednesday.
Norfolk Southern rail bridge collapses in Missouri flooding "We don't know where the bridge went. We do know it went down, most of the middle sections did go down to the south."
TriumphPay announces partnership with U.S. Xpress TriumphPay announced that it has entered into a new partnership with U.S. Xpress to provide the company with real-time visibility into its brokerage payment services.
WIT salutes female-owned businesses, top companies for women in transportation The 2019 Top Women to Watch in Transportation also were recognized at the Women In Trucking conference.
Flash flood risk shifts to Southwest U.S. today More downpours add to flood threat in parts of Desert Southwest hit hard yesterday. New spots of flooding also likely.
Ryder transportation management director named Influential Woman in Trucking Ruth Lopez receives award at the Women In Trucking Association's annual conference this week.
Penske Truck Leasing adds electric yard tractor to its demonstration fleet The urgency to get zero-emissions trucks into testing in climate-conscious California continues with Penske Truck Leasing's purchase of a Kalmar Ottawa battery-electric model.
Today's Pickup: The Netherlands is shutting Europe's largest gas field in a push for renewables The Netherlands is closing down its Groningen gas field by 2022; the U.S. economy might be inching towards recession; electric vehicles will be the future...
Refineries push back against Washington crude-by-rail law; IMO 2020 cited File this one under the category of "be careful what you wish for." In a letter to the federal Pipeline and Hazardous Materials Administration (PHMSA)...
Positive conversations between fleets and drivers a basic necessity that's often ignored High driver turnover rates have been common in the trucking industry for several decades. Improving the quality of discussions between fleet management and drivers might...
CSX installs new leadership The new executives contributed greatly to CSX as the railroad made operational changes, the company said.
IMO 2020 and blank sailings to define Q4 container markets The introduction of new low-sulfur fuels, bearish demand and increased blanked sailings will bring more volatility to box markets in the coming months, says MSI.
Rocky economic data leads to uncertainty for pricing power Last Week's Pricing Power Index: 35 (Shippers) The trucking industry operates in a market based on real-time demand and supply. When demand is higher than...
Newly rebranded PowerFleet finalizes Pointer Telocation acquisition New Jersey-based telematics provider PowerFleet, Inc., formerly I.D. Systems, announced on October 3 that it has completed its acquisition of Pointer Telocation.
CBP ships apparel, generators to Bahamas for storm recovery (with video) "Items that likely would have been forfeited, slated for auction or destroyed as part of a final disposition are now going to help those in...
Commentary: A Green New Deal for freight transport? This Green New Deal for Freight Transport is a series of cost-effective practical steps, using existing technologies to achieve zero emission freight transport by 2050.
Trucking capacity in Mexico faces uncertainty with carriers ending, downsizing services (with video) As two large companies in the freight industry announced they were eliminating or scaling back trucking services in Mexico last week, industry insiders say cross-border...
Shippers hammer railroads with lawsuits over fuel surcharges Companies file a flurry of lawsuits against the big four U.S. Class I railroads, alleging their fuel surcharge programs violated antitrust laws.
Port Report: Mobile readying for big ships with dredging project Dredging could begin in late 2020 after port finishes shoreside upgrades.
Weakened oil complex settles near flat as macro concerns pile up The oil complex appeared to have halted its recent slide Thursday, helped in part by a rebound in equities.
SHIPPING QUARTERLY: Mixed signals for dry bulk shipping The dry bulk shipping sector will face competing pressures in the fourth quarter as the 0.5% sulfur cap rule pushes up premium fuel prices and affects supply.
Trial of bunker fuel tracking tool successful ahead of IMO 2020: BunkerTrace A pilot trial of BunkerTrace, a tracking tool for marine fuels created to enable transparency in the supply chain, was successfully completed this week.
Japan's Fuji Oil starts 0.5% sulfur bunker fuel oil supply at Sodegaura Japanese refiner Fuji Oil has started supplying 0.5% sulfur bunker fuel oil this month.
Japan delivered high sulfur bunker premium hits 8-year high amid tight supply "We have no offers for spot [HSFO bunkers] due to tight availability," a Japanese bunker trader said this week.
FEATURE: Clean tanker owners chase dirty product opportunities for higher margins One broker suggested a lump sum of up to $4.5 million could be made for an LR2 loading in US Gulf to ship to China, compared with $2.5 million carrying clean products.
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