VIDEO: Alfa Laval launches PureBallast 3 in bulker-fit configuration Alfa Laval is now offering an UV-based PureBallast 3 ballast water management system specifically adapted to the flow needs of bulk carriers. The bulker-fit configuration offers savings in footprint, installation and operating
Blount Boats to build two Chartwell designed CTVs for Atlantic Wind Transfers North Kingston, R.I., headquartered offshore wind farm support company Atlantic Wind Transfers has placed an order with Warren, R.I., shipyard Blount Boats for two state-of the-art Chartwell 24 Crew Transfer Vessels (CTVs).
IMO 2020 sets stage for "perfect storm" of litigation Low sulfur fuel regulations, set to come into force on January1, 2020, have the potential to present "the perfect storm" for litigators dealing with disputes between owners, charterers and bunker suppliers in
Fairbanks Morse engines to power Navy's seventh Expeditionary Sea Base ship Fairbanks Morse, an EnPro Industries company (NYSE: NPO), reports that it has been awarded a contract for four main propulsion diesel engines (MPDE) for the U.S. Navy's Expeditionary Sea Base (ESB) 7.
SeaDream and Damen cancel planned megayacht build Norwegian entrepreneur Atle Brynestad's SeaDream Yacht Club says that it and shipbuilder Damen have "in good faith and with mutual understanding" decided not to proceed with the building of a new 155
WinGD introduces new short-stroke engines Engine designer WinGD (Winterthur Gas & Diesel Ltd) has launched four new short-stroke engines to meet the economic engine speed requirements and space constraints on several vessel types. The range, starting with
$22.2 billion Virginia Class award is Navy's largest-ever shipbuilding contract General Dynamics Electric Boat Corp. (GDEB), Groton, Conn., has been awarded the U.S. Navy's largest ever shipbuilding contract. Worth $22,209,893,409 it covers the construction of nine Virginia-class submarines, eight with Virginia Payload
US tariffs on Brazilian steel - negative, muted or positive for dry bulk market? Brazil exported about 4m tonnes of steel products to the US this year, its biggest market, according to shipping association...
Diana set to continue shedding older tonnage Greek bulker owner is not in growth mode and will continue stock tenders until share price reaches satisfactory level
Forecasting the effects of world fleet decarbonisation options Applying the GHG Pathway Model based on long-term trends, the report projects possible pathways for the world fleet size, fuel...
New Year, new Lloyd's List print magazine The first hard copy print edition of the new monthly Lloyd's List magazine will arrive in the hands of subscribers...
Chinese ownership of foreign ports concerns are 'overstated' Slowing growth of Belt and Road Initiative and a focus on local consolidation limit Chinese terminal ambitions
DNV GL introduces class rules for using LPG as an alternative fuel The new rules cover internal combustion engines, boilers and gas turbines for both gas-only and dual-fuel operations
Navig8 Chemical Tankers joins Odfjell pool Navig8 deploys four of its 25,000 dwt stainless steel chemical tankers to Odfjell's pool
Shipbuilding executive cleared in US fraud case Jean Boustani, a salesman for Privinvest, an Abu Dhabi-based shipbuilder, was acquitted of three counts of conspiracy to commit fraud...
Supply chain braces for next industrial revolution Digitalisation is no longer a matter of choice but a matter of survival for the logistics sector
National Bank of Greece in talks to unload more shipping loans to Cross Ocean Under sub-participation rules, a loan may be transferred from one bank to another lender without the knowledge of the client...
Daily Briefing Free to read: Scrubber payback seen within a year as fuel oil spreads stay wide | Biofuels approaching commercial use...
CSSC and LR team up on marine decarbonisation research The two parties will explore the use of blockchain and digital technologies. They will evaluate various clean energy sources and...
Top 10 technology leaders As part of our annual Lloyd's List Top 100 most influential people in shipping on December 13, we look at...
Shell's LNG traders still reaping profits despite low prices Oil major able to take advantage of regional price disparities to turn around loss making trades
Hundreds of fisherman, others blame shipping companies for Houston oil spill Monday, 731 commercial fisherman and seafood companies filed papers blaming Kirby, K-Line and BW
Refineries 'suck up' for shipping in IMO 2020 switch Availability of 0.5%-sulphur fuel is not a major issue as the oil industry has done good preparation for shipowners, some experts say
Diana Shipping expects to make $7m from two new charters Diana Shipping is looking to become several million dollars richer from two fixtures to two Asian shipping companies. Diana Shipping to keep rebuying 'under priced' shares The Simeon Palios-led bulker owner has fixed 82,117-dwt kamsarmax Myrsini (built 2010) to Hong Kong's Asuca Shipping for 13 months to 15 months at $11,500 per day, starting Wednesday. The New York-listed company has also c
US blacklists six more Venezuela-linked oil tankers The US continues pressuring Venezuela economically to force out President Nicolas Maduro
Jefferies expects Danaos dividend on 'merry and bright outlook' Jefferies has predicted that Danaos will issue dividend payment in 2020 on the heels of a $54m equity offering as the investment banking firm also lifted its outlook on the boxship owner. "Time to DAC the halls with Danaos!" analyst Randy Giveans said in a client note, referring to the containership owner by its ticker symbol DAC. "Upgrading to merry and bright outlook". Jefferies improved its r
Havyard strikes agreement with lenders for embattled shipyard Havyard Ship Technology (HST) has reached an agreement with clients and lenders that should help the embattled shipyard secure its future and complete its current orderbook. Havyard fires chief executive as group bleeds money Havyard unit's equity lost as covenant breaches revealed "HST has now reached agreements with the shipowners who have vessels for outfitting at the shipyard, as well as G
Shipbuilding pushes forward against headwinds TradeWinds' latest business focus explores how the shipbuilding sector is working to claw its way toward profitability after a difficult year.
NRP teams with Empros Lines to add ultramax Norwegian investor builds owned fleet in tandem with Greek owner
First ship for MOL-Karpowership venture heads to Senegal in the new year Second under-conversion LNG carrier now set to become FSRU for Mozambique LNG-to-power project
Privinvest exec cleared in $2bn US fraud case Jean Boustani not guilty of fleecing investors involved in yard group's Mozambique projects
Total takes close look at issues with CS1 LNG carrier membrane tanks Work expected to continue well into 2020 on the LNG Unity
Graig celebrates 100 years in shipping with Cardiff knees-up Graig Shipping celebrated its centenary with dinner and dancing in Cardiff. About 250 guests joined chief executive Hugh Williams and his brother Chris, Graig's commercial director, at the Exchange Hotel, on the site where Welsh coal was traded for export until the 1970s. There were once more than 200 shipping companies listed on the Coal and Shipping Exchange in Cardiff Docks, amid a boom in ex
Captain Morgan orders four fast ferries at Wight Shipyard Maltese owner heads to the UK for new catamarans
Quiana fails to appeal arbitration award despite charterer owing hire UK court rules that Greek owner had no right to withdraw bulker from charter to Pacific Gulf Shipping
OW Bunker: Five years on, it's still getting physical The collapse of the marine fuels giant is still testing maritime law, especially regarding complex transactions involving middlemen that connect physical suppliers and shipowners
Inmarsat $6bn private equity takeover to go ahead Objecting hedge fund investors back down after refusal to increase offer price
Rosatom buys into Delo as $7bn shipping push continues Russian nuclear agency takes stake in Sergey Shishkarev's ports and logistics group to aid Arctic ambitions
CMES seals $332m VLCC order at Dalian Shipbuilding China Merchants tanker company says new generation vessels will be eco-friendly
Havila's equity $105m negative as bank talks continue OSV company still in discussions with lenders as 2017 refinancing deal set for November 2020 expiry
Bird lovers, green groups push for Mediterranean ECA Calls for ultra-low sulphur cap in the Mediterranean are gaining traction
Tanja Gullestrup brings the science of diversity to Pacific Green Tanja Gullestrup is using psychometrics to increase diversity at scrubber group Pacific Green Technologies
Problems with global sulphur cap still linger, Greece warns Greece, one of the most influential voices in the IMO, has warned that shipping is not yet ready for the global 0.5% sulphur cap, which is set to take effect next month. "A month before the implementation, availability, compatibility, safety and quality issues of the new fuels have not been resolved yet," Greek Shipping Minister Yiannis Plakiotakis said at last week's Navigator Forum, a shipping
Shipowners' hedging boosts FFA liquidity amid IMO 2020 volatility While scrubbers may complicate market dynamics, owners and charterers need to mitigate financial risks over fuel, leading to more speculative trading for funds
Restructuring 3 Maj shipyard reveals $105m loss Croatian shipbuilder saw revenue collapse in 2018
No kidding: Virgin Voyages goes adults only If you're not 18, you're not getting onboard. Sir Richard Branson is betting he has found an untapped market: cruises for grown-ups
Monte Nero linked to purchase of aframax from International Seaways Monte Nero Maritime has been linked to a purchase of an 18-year-old aframax tanker from US-listed tanker owner International Seaways. Brokers in the US and in Europe said the low-key Greek shipowner has sold the 112,000-dwt Seaways Fran (built 2001) for $13.6m. That's in-line with valuation platform VesselsValue's estimate for a vessel of the Hyundai Heavy Industries-built ship's characteristics,
Nigeria buying four vessels to kickstart new shipowner Shippers Council and Afreximbank in talks to acquire fleet for new service
Grindrod Shipping needs more time to complete IVS Bulk buyout Nasdaq-listed owner says talks continue on financing its acquisition of partner's 33.25% stake
Cobelfret sells third capesize in less than a year Cobelfret has sold a third capesize bulker in less than a year as it continues to trim its bulker fleet. US brokers said the Belgian bulker, ro-ro and ports company has sold the 176,000-dwt Lowlands Orchid (built 2005) to an undisclosed buyer for $15.9m. The Universal Shipbuilding-constructed Lowlands Orchid is due for special survey in October next year. The price is slightly lower than what
Jiangnan Shipyard outperforms Beijing's expectations Shipbuilder returns to car carriers after a three-decade absence from the sector
Former Teekay man John Adams to run V.Ships UK Experienced shipping executive tasked with implementing new fleet management model
Atle Brynestad ditches $180m Damen cruiseship order Norwegian shipowner's SeaDream Yacht Club says it is pursuing other newbuilding opportunities
Navig8 Chemical Tankers to enter ships in Odfjell pool Norwegian shipowner said tie-up represents another step in sector consolidation
Unifeeder acquires majority stake in Singapore's Feedertech Danish shipowner to expand operational footprint to Asia with latest acquisition
Berge Bulk early adopter of Wilhelmsen 3D printed spare parts program Singapore bulker giant one of six big names looking to on-demand manufacturing to "reshape maritime supply chain"
Sealink International slashes the red ink by over 70% Malaysia OSV firm said sector is more optimistic about prospects on the back of stable oil prices
Pollution crackdown to make Korean coal imports more volatile Asian nation likely to see more seasonality in volumes shipped into country, says Banchero Costa
Ocean shipping in crossfire again as trade war reignites Trade tensions look like they'll get worse before they get better, a negative for ocean shipping demand.
Transflo evolves to offer wide-ranging technology solutions From its origins in document scanning, Transflo has gone on to develop a broad spectrum of digital offerings for the trucking industry.
Saia gains, Old Dominion slips in fourth-quarter updates Saia, Old Dominion fourth quarter updates show that one may be gaining at the expense of the other
Halliburton among companies cutting 1,000 jobs in Oklahoma, Texas Halliburton Co. (NYSE: HAL) announced it is cutting 808 jobs with the closure of an office in El Reno, Oklahoma, according to the Houston Chronicle....
Swift confirms driver leader instructed truckers to drive in inclement weather Swift drivers react to driver leader's instructions to chain up and drive in inclement weather.
OFAC fires another sanctions salvo at Venezuelan oil tankers The Treasury Department agency is closely monitoring vessel name changes used by Venezuelan and Cuban authorities to sidestep U.S. trade sanctions.
Lightning Systems raises $41M as demand for electric trucks grows Electric powertrain manufacturer Lightning Systems announced a $41 million funding round to help meet growing demand for electric powertrains in U.S. commercial fleets. BP Ventures...
By land or sea? Massterly sees autonomous vessels competing with trucks Short-sea projects in Norway could lead to worldwide wave of crewless, emissions-free ships.
Bad oil news piles up in the Permian and for companies serving it: Dallas Fed Recent reports out of the Federal Reserve Bank of Dallas paint a gloomy picture regarding prospects in the U.S. oil industry. Even as U.S. crude...
Freight Futures daily curve: 12/3 Trucking Fright Futures open the month generally lower with volatility in the South.
Bad news, good news for dry bulk shipping Brazil's Vale has cut its iron-ore outlook for the first quarter, but revealed higher-than-expected projections for full-year 2020 and 2021.
Nor'easter impacts continue across New England Snowfall, gusty winds, transportation delays ongoing from Boston to Bangor. Troubles possible on I-95.
The staggering price tag associated with moving precious artwork Moving precious artwork is physically and mentally demanding work, requiring art logistics firms to micromanage every inch of the journey from one art house to...
Canadian Pacific breaks grain volume records again The railway attributes the record to its high efficiency train model and to collaboration with supply chain participants.
France's digital services tax sparks call for hefty US import tariffs An Office of the U.S. Trade Representative investigation concludes that a French tax on digital services discriminates against U.S. companies, such as Google, Apple, Facebook...
Improvements to PierPass have smoothed truck traffic PierPass says long late-afternoon queues at the entrance to container terminals om Los Angeles and Long Beach have been eliminated.
Introducing FreightWaves Passport Research New research products will be part of a continuing education platform for our audience.
Today's Pickup: EROAD, Georgia DOT earn global recognition EROAD and the Georgia Department of Transportation were among 12 recently honored for innovation at the International Road Federation's Global Road Achievement Awards.
Airforwarders Association and FreightWaves forge data and media partnership FreightWaves will work with AfA member companies to provide them with market intelligence, data-driven performance metrics, and unique operational insights.
Amazon.com's amazing rise wins it top FreightTech 25 honors Amazon.com's remarkable evolution has been driven by massive IT investments. Its success earned it the top spot in the FreightTech 25
Norfolk Southern makes changes to demurrage and accessorial charges The changes come as the railroad deploys precision scheduled railroading.
Canadian National cuts earnings outlook on strike hit CNl estimates eight-day disruption will trim C$0.15 per share from profits as CEO assures that recovery plan is "delivering results."
Freight brokers: How does your pay rank against your peers? We surveyed 402 freight brokers in the U.S. and Canada to learn more about base salaries, commissions and talent.
Back-office automation - a boon for broker growth and cash flow A broker's main job is to find carriers to move freight for shippers, but the reality is that brokers often spend more time than necessary...
New partners Nikola Motors and IVECO target Europe with alternative propulsion truck The partnership between IVECO and Nikola Motors announced in September will roll out its first battery electric truck to European buyers in 2021. A fuel...
Brexit explained: What US shippers need to know Expert explains why shippers based in the U.S. and beyond should prepare urgently for the worst-case scenario - a no-deal Brexit in 2020.
Logistics firm Vos Logistics makes strategic acquisition to expand services in the Benelux region Vos Logistics has acquired SNEL Shared Logistics, which operates a 65,000 m2 warehouse in close proximity to the major Dutch cities of Amsterdam, Rotterdam, Den...
RBOB crack spreads continue to weaken as refiners exit maintenance Prompt NYMEX RBOB crack spreads continued to weaken Tuesday, as the return of refineries from fall maintenance is expected to add barrels to storage.
Novorossiisk bunkering operations suspended by bad weather Bunkering operations at the Russian Black Sea port of Novorossiisk have been halted because of a storm, a bunker supplier said Tuesday.
Singapore-delivered 380 CST bunker falls to 3-year low amid weak demand The delivered 380 CST bunker price at key bunkering hub Singapore plunged to a three-year low as demand for high sulfur fuel oil continued its downtrend ahead of International Maritime Organization's lower sulfur marine fuel mandate from January 2020.
Open interest for Singapore Marine Fuel 0.5% swap surges as IMO 2020 nears Open interest for the Singapore Marine Fuel 0.5% swaps traded on the Intercontinental Exchange surged as markets prepared to move to using cleaner bunker fuel come January 2, 2020
IMO 2020: MGO versus 0.5% bunkers, a battle of low sulfur fuels With less than a month until the IMO 2020 mandate, which will see the sulfur cap on marine fuel drop from 3.5% to 0.5% -- discussions over the switchover to complaint fuels continue apace.
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