Evergreen orders six giant box ships at Samsung Heavy South Korean shipbuilder Samsung Heavy Industries (SHI) reports that it has won orders worth a total of $920 million from Taiwan's Evergreen Marine Corporation for six large containerships with a capacity of
St. Louis region ports make major infrastructure investments The four public ports in the St. Louis region are making an infrastructure investments of more than $20 million to attract site selectors looking for property with access to the inland waterways,
International Seaways sells 49% stake in Q-Flex quartet to Nakilat Nakilat (Qatar Gas Transport Company Ltd.) has paid $123 million in cash to take full ownership of four Q-Flex LNG carriers from joint-venture partner New York City headquartered International Seaways, Inc. (NYSE:
Seaspan Shipyards makes VP appointment Seaspan Shipyards, North Vancouver, B.C., has appointed Amy MacLeod as its new Vice President, Corporate Affairs & External Communications. Based in Ottawa, MacLeod will be responsible for developing, managing and maintaining strategic
Wärtsilä wins order for LNG bunkering simulator As the use of LNG as a marine fuel grows, demand for training for LNG bunkering vessel operators has been rising. Malaysia's Kasi Group has responded by placing an order for an
Marcon brokers sale of two U.S.-flag tugs Marcon International, Inc. of Coupeville, Wash., has recently brokered the sale of two U.S-flag tugs as the sellers,Crowley Maritime Services and Kirby Offshore Marine, continue to upgrade their fleets. Crowley Marine Services
China-built jack-ups find work in a recovering market 'Stranded' China-built jack-ups, which some previously expected to be scrapped, have beaten expectations by finding work through bareboat charters with...
UK government reveals updated plans to contend with WTO Brexit The UK has confirmed that under the terms of a WTO Brexit, it would not impose border checks on goods...
Shipping confidence dips further as trade tensions intensify Broking saw the biggest slump in confidence in the three months to the end of August, according to the BDO...
Fuel DNA tracking finds favour ahead of 2020 A number of large shipowners and at least five ports are interested in a new fuel product that utilises blockchain
Weak box peak season laid bare Global box volumes grew by a measly 0.7% in August, according to CTS
The Interview: Vincent Power The newly-elected chairman of the European Maritime Law Organisation hopes to broaden the scope of interest beyond competition law to...
New container index shows equipment availability CAx container availability service allows users to plan for box availability
Ulsan ban on dangerous goods cargo continues at several terminals The measure is effective for several terminals located under the Ulsan bridge, including Terminal 9, where the Stolt-Nielsen chemical tanker...
Gasoil demand linked to IMO 2020 to push oil prices higher Rystad Energy says refineries are being motivated to increase crude runs to satisfy higher marine gasoil demand. Any shortfall in...
Boxship order slowdown offers opportunity for new technologies Industry discipline and reduced ordering could provide a golden opportunity to meet IMO 2050 demands
Daily Briefing Free to read: Eastern Pacific supersized its dual-fuel LNG boxship order to 22 ships | Tanker rates soar as two-tier...
Panama Canal expansion drives continuing growth at US east coast ports The volume of containers passing through east coast ports has increased by 46.8% since 2008, while growth along the west...
International Seaways prepaying $100m in debt International Seaways is prepaying some of its debt. The New York-listed tanker owner announced that it would prepay $100m of its 2017 term loan facility with cash from vessel sales and the sale of its LNG joint venture announced yesterday. International Seaways sells stake in Nakilat LNG joint venture Nakilat eyes savings after buying out International Seaways quartet The company will incur a
Philly Shipyard nabs government contracts after lying idle Beleaguered Philly Shipyard has inked its second government contract in three months. The Oslo-listed, US-focused shipbuilder announced 3 October that it was taking the 49,000-gt fast supply ship Pollux (built 1973) on drydock after it finishes work on sister ship Antares. Philly Shipyard remains idle as cash burn goes on Union rallies in Washington to save Philly Shipyard The contract for the
Nordic American Tankers shares still flying high, get upgrade Since 25 September, shares of the suezmax tanker owner have jumped from $1.97 to $3.71
Iranian oil minister: 'We use any methods' to export oil Meanwhile, more Cosco-connected ships are implicated in transporting Iranian oil
'Greta Thunberg may come after open-loop scrubbers' warns Arntzen Ship finance veteran Morten Arntzen says 'nobody puts open loop scrubbers on their ships to clean the environment'
BC Ferries to raise $188m with 30-year bond issue British Columbia Ferry Services is seeking hundreds of millions of dollars in debt for major spending and day-to-day operations. The Canadian owner of 36 ferries is working with several banks to issue CAN 250m ($188m) in senior secured bonds by 15 October at 2.794% interest per year. The banks backing the bonds, which will mature in 30 years, include RBC Dominion Securities, BMO Nesbitt Burns,
Trio sue, look to collect from shutdown Medmar Three companies are chasing Medmar for more than $3.7m after the Greek charterer abruptly closed its doors in late September. Dan-Bunkering, Cockett Marine Oil and Moran Towing are looking to garnish property and funds held by Medmar, according to court papers filed in Maryland federal court last week. Medmar shutters, leaving chartered fleet in the lurch Medmar debt chase lifts veil on collaps
Tanker rate surge unstoppable as VLCCs hit $120,000 per day Suezmax tonnage close behind in one the strongest daily gains in the past decade
Star analyst Webber tries on one for the thumb Shipping analyst takes home fifth consecutive Institutional Investor award for work at former employer Wells Fargo.
GasLog floats nine-year-old LNG carrier for sale in hot market Sale could put down a marker for tri-fuel diesel-electric vessels of this vintage
TradeWinds survey: IMO 2020 and decarbonisation are good for bottom line The number of respondents in a TradeWinds Knowledge survey who feel positive business impact from environmental regulations is more than double those who are negative
Nakilat eyes savings after buying out International Seaways quartet Qatar owner says move to take over joint venture is part of strategy to control its own tonnage
Dof eyes $22m in new equity to help rescue Dof Subsea The proposed equity raise is being supported by a major Dof shareholder affiliated with the group's chairman
Excelerate Energy boosts business with FSRU and new project Steven Kobos says nothing is off the table in expansion strategy
Excelerate's Steven Kobos pleased with Bangladesh, Boston and a visionary backer Excelerate Energy has just celebrated its first year in Bangladesh, where it provided a complete package, including an FSRU, to Petrobangla for the country's first LNG import terminal. Steven Kobos said the gas has had a huge impact on Chittagong, Bangladesh's second-largest city, bringing 550MW of power stations, two fertiliser plants and steel production back online and increasing residential s
CMA CGM says logistics company left cargo in Hong Kong CMA CGM is suing a state-linked Chinese logistics firm, alleging the company lied about the contents of more than 100 containers it left in Hong Kong. The lawsuit, filed in Los Angeles federal court last week, names CTS International Logistics as the defendant and seeks $1.8m. Lawsuit: ship too slow to carry bananas leads to six-figure losses Royal Caribbean sues agent for failing to pay subcon
Wilh Wilhelmsen expresses confidence in case against Humpuss Norwegian shipowner has pursued $32m claim for 10 years
Cosco-linked ships suspected to have carried Iranian crude and LPG A Windward analysis finds some Cosco arms may have worked closely with Kunlun Shipping in sanctioned trades
Hapag-Lloyd follows CMA CGM in Arctic shipping pledge German container line will not run vessels through northern passages on environmental grounds.
Rules that govern International Group Agreement to be revised Revisions to the regulations that govern competition between protection and indemnity mutuals are imminent, according to broker Gallagher. The International Group of P&I Clubs' International Group Agreement (IGA) rules do not allow members to discount on premiums to win business from fellow members. This has led to accusations the International Group operates as a cartel. International P&I carte
UK to lead Stolt tanker blast probe Leading accident investigation organisation entrusted to uncover why Stolt Groenland exploded
Monjasa and Geogas carry out first LSFO deal in Colombia Danish group provides IMO 2020-compliant fuel to LPG carrier in Cartagena.
Eastern Pacific inks $1.5bn Hyundai dual-fuel boxship deal Eleven-ship order ups outfit's total spend on 15,000-teu vessels at yard group to nearly $3bn
Vitol converts Quantafuel debt to equity Trader and shipowner takes stake in Norwegian producer of sustainable ship fuel from recycled plastic
Huge Cosco boxship runs aground while bunkering Cosco England manages to refloat after dragging anchor near Skrypleva Island in Russia.
Fredriksen's Northern Drilling cancels DSME drillship Tycoon tears up contract for resale at South Korean shipbuilder
'Low instinct and nationalistic bias' - Thomas Rehder slams US sanctions policy German shipowner Thomas Rehder found harsh words to criticise US-inspired trade wars on Monday, highlighting growing anxiety Washington policies cause amid maritime players, especially in Europe. Olympic locks second VLCC in multi-year deal at bumper rate EU wants open-loop scrubbers discussed, and quickly "The leading economy in the world has been resorting to schoolyard bullying measures,"
Olympic locks second VLCC in multi-year deal at bumper rate Onassis company Olympic Shipping and Management has concluded yet another juicy chartering deal for a scrubber-fitted VLCC, extending a rally that sees time charter rates climbing to their highest level in years. Bonanza $100,000 VLCC rates as Cosco sanctions bite deeper Company's chief executive George Karageorgiou confirmed broker reports, according to which Mercuria fixed the 319,000-dwt Ol
Samsung puts pen to paper on Evergreen mega boxship deal Taiwanese owner's newbuildings to be world's largest containerships by a mere eight-teu
OSM Maritime's Larsen to step away from management Norwegian ship manager appoints new chairman and new chief executive in board shake-up
Belships offloads oldest bulker with bareboat-sale deal Norwegian bulker owner does S&P deal with Turkish owner 23 years after the last deal
Exposé of immigration scheme in Canadian trucking prompts warning from feds The Canadian government says employers who abuse the foreign worker program face "serious consequences" after a newspaper investigation reveals how some carriers with bad safety...
ATA cuts deal with UrbanVolt to sustainably remake member warehouses The American Trucking Associations is working with UrbanVolt to sustainably makeover member facilities in a cash-free affinity deal in which companies would pay UrbanVolt about...
CSX and Union Pacific make changes to sales and marketing teams Excerpt: The companies promote and assign new roles to longstanding employees.
Most new US crude now sold overseas - and share is growing For a window on future demand for U.S. crude oil, look to international markets, as ever-more U.S. volumes head to sea.
FedEx, Walgreens add returns to their joint portfolio FedEx, Walgreens add returns services to portfolio
Investors acquire a majority stake in Australia's Hobart Airport A rare stake in an Australian airport has hit the market.
YRC reorganizes U.S. operating structure into four divisions, 17 operational areas YRC Worldwide morphs into four U.S. divisions, 17 operating areas in effort to streamline operating structure
Neither rain nor sleet nor snow... Plus.ai partners with the Minnesota Department of Transportation to see how its self-driving trucks perform in cold weather.
CBP releases new AD/CVD module in ACE "This new module will make it easier for Commerce and CBP to monitor and uphold our trade laws," Executive Assistant Commissioner Brenda Smith of CBP's...
Over 300,000 auto sector jobs gone in India; government is in denial The Indian economy is crumbling on the back of an engineered crisis brought on by current government through measures like demonetization, a botched attempt at...
Matt Silver looks to simplify cross-border shipping Matt Silver wants to automate cross-border freight; an industry that many find difficult to manage.
Transplace announces payment processing enhancements Transplace announced continued improvements in its payment processing platform. Through its ongoing collaboration with TriumphPay and Bank of America, the company said that continued progress...
SMC3 expands into truckload market with carrier costing, shipper procurement programs SMC3 has set its sights on providing data services to truckload after decades of serving LTL exclusively
Family files $10 million lawsuit in fatal crash despite truck driver being cleared of any wrongdoing The parents of two children killed in a fatal crash during a snowstorm in March 2018 have filed a $10 million lawsuit, alleging negligence against...
Carriers in Washington State look to block meal/rest break rules Chances considered strong for federal hours-of-service preempting state law.
Federal Railroad Administration offering grants for passenger rail repairs Awarded projects could benefit freight rail indirectly.
Boeing deliveries plummet in Q3 Commercial airplane deliveries at The Boeing Co. [NYSE: BA] nose-dived by two-thirds in the third quarter compared to the same period in 2018 and by...
Freight Futures daily curve: 10/8 Atlanta market freight futures strengthen on Monday as a result of trade flows.
Commentary: CSX beta test trip plans score card introduced Jim Blaze writes about the competitiveness of railroads vs. trucks and the railroads' lack of interoperability.
Commerce adds 28 Chinese firms to Entity List The Commerce Department said the Chinese government and commercial entities added to the export control list participated in human rights violations against China's Muslim ethnic...
Major snowstorm still on track to slam northern Plains (forecast video) Abundant snowfall, 40-mph winds in Montana, Wyoming the next two days. Significant disruptions to regional supply chains.
FMC's 2020 vision U.S. Federal Maritime Commission Chairman Michael Khouri talks with American Shipper about priority container shipping regulatory issues for fiscal year 2020.
Merging or acquiring? Make sure the trucks are legally yours "I can license a 26,000-pound vehicle at 80,000 pounds, it doesn't mean it's legal. It's understanding the local regulations to license it properly to match...
Some like it cold SeaCube Container Leasing has rapidly expanded its refrigerated container fleet and is now the third largest lessor of reefers and largest lessor of gensets.
St Louis Lambert Airport moves closer to privatization St Louis Lambert Airport is seeking an investor
NCBFAA wants CBP follow-up from weekly trade calls The association, which represents the country's customs brokers and freight forwarders, seeks better engagement between Customs and Border Protection and industry software vendors.
Today's Pickup: J.B. Hunt, Schneider lead SmartWay Excellence Award winners The EPA named its annual SmartWay Excellence Award winners on Oct. 7, 2019. J.B. Hunt is one of 72 companies to be honored this year,...
DSV Panalpina to pause acquisitions The chairman of DSV Panalpina says the company will concentrate on bringing Panalpina into the fold for 12-18 months, before its next acquisition, which may...
Avianca financing is in documentation Colombia-based passenger and cargo operator raising cash
From banker to Amazon transportation director Elena Bernardo strayed from a "super safe" career to one that put her on the front lines of technological innovation.
Truck driver sues BNSF over collision with alleged "uncontrolled" railcars (with video) A Kansas truck driver has filed a lawsuit against BNSF, alleging negligence, after his tractor-trailer collided with railcars after leaving a grain elevator near Greenfield,...
Around 34 VLGCs fitted with scrubbers pre-IMO 2020, 11 next year: Fearnleys "We then see more than 80% of the trading fleet will need to run on marine gasoil, or ultra low sulfur fuel oil, from the very start of 2020," it said.
Shanghai 380 CST bunker premium hits record high as replenishments dry up Regional HSFO supply is expected to remain tight as suppliers transition to LSFO production.
TANKERS: Asian dirty rates see biggest one-day gain of 2019 as Cosco sanctions bite The US sanctions on Cosco Dalian company, imposed on September 25 for violations of sanctions against Iran, have reduced global VLCC supply by 5%.
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