NYC claims victory against billboard barge company Today, the New York City Law Department announced the settlement of a lawsuit against Ballyhoo Media. According to the City, the company had repeatedly violated local laws by displaying Times Square-style billboards
CBO: Navy shipbuilding plan would average $31 billion a year The U.S. Navy and the nonpartisan Congressional Budget Office (CBO) seem to just count things differently. Inevitably, the CBO finds that the Navy lowballs the estimated costs of its shipbuilding plans. In
Cargill, Maersk Tankers and Mitsui collaborate to cut shipping GHG emissions Moves to cut shipping's emissions of global greenhouse gases (GHGs) continue to gain powerful support. Today, Cargill, Maersk Tankers and Mitsui & Co said they have established a strategic collaboration to accelerate
Bourbon: Banks make takeover offer A company owned by a group of French banks has made a takeover offer for Bourbon Corporation. As we reported earlier, the offshore services giant sought restructuring protection from the Marseilles Commercial
MAN and Kongsberg ink MOU on common data infrastructure MAN Energy Solutions has signed an MOU with Kongsberg that will see it investigate the possibility of using Kongsberg Digital's data-infrastructure solution, Vessel Insight, to securely collect and transmit data using MAN
Hamburg looks to shore-based power to cut emissions The port will spend around $83.5m to power up berthed boxships with electricity from 2023
Malta opens ship registry office in Greece New office opens in the Maltese embassy in Athens
No-deal Brexit threatens UK's maritime legal standing While the future relationship between the UK and European Union is still uncertain, leaving the EU without an agreement may...
Cargill joins Maersk Tankers and Mitsui for decarbonisation project The three companies will collaborate to utilise existing technology and develop new decarbonisation devices as they push the climate change...
Cosco Shipping woos forwarders as it clarifies end-to-end strategy Cosco Shipping thinks the idea that a few big fish can go about removing all the smaller players that currently...
Boxship upsizing continues apace On the Asia-northern Europe trade, average capacity has increased to more than 16,000 teu and will likely rise to closer...
Innocent passage under threat, says Ecsa chief 'We are seeing an increase in states using innocent ships and seafarers for political purpose. The European Union should be...
Hong Kong's LNG terminal will have capability to supply bunker vessels Hong Kong's FSRU is set to begin operations in 2021 and time is running out if parties plan to start...
Okeanis buys two suezmax newbuilds from Kyklades Okeanis will spend almost $130m to buy the two scrubber-fitted vessels from its chief executive's private company
Registry calls for review of IMO's casualty investigation code Liberian registry's chief operating officer Alfonso Castillero says blame should not be aimed squarely at flags or owners for failing...
Novatek considering Arctic LNG transhipments owing to US sanctions Novatek's Arctic LNG export facility is currently serviced by Cosco-affiliated vessels
Boxship sector faces IMO 2020 liquidity calls Larger boxship players, which are better-placed to pass on higher fuel costs through bunker adjustment factors, may still need the...
Daily Briefing Free to read: Gasoil demand linked to IMO 2020 to push oil prices higher | Weak box peak season laid...
A&R Logistics partners with US ports to cope with booming export trade in resins Construction and development are under way, with a completion date forecast for the fourth quarter of 2020. But completion of...
Petronas secures LNG offtake deal with South Korean power producer South Korean gas users are now importing LNG directly instead of sourcing the fuel from Kogas
ExxonMobil's joint venture signs on JGC consortium for Rovuma LNG ExxonMobil has said it will spend $500m on the initial construction phase of Rovuma LNG, which is scheduled to come...
DP World completes phase one at Ecuador's Posorja container port DP World is responsible for the design, financing, construction and operations of the facility for a period of 50 years...
APL steps up rail departures from Los Angeles Previously exclusive to shipments on APL's Eagle Express 1, the Eagle Reach Guaranteed rail delivery will be extended to the...
DryShips shareholders approve plan to go private DryShips' investors have shown strong support for George Economou's plan to take the diversified owner off Wall Street, approving it by an overwhelming majority. Almost all 77.8 million voted shares - 98.8% - represented by 90% of all stakeholders on Wednesday approved the previously announced plan of merger entered into 18 August 18. SPII Holdings, privately owned by DryShips chief executive Ge
Dry bulk shipping sees higher US soybean exports this year "Too early to call the season a success", Bimco chief analyst Peter Sand says
Horizon and Kotug launch Canadian joint venture Horizon Maritime and Kotug International are joining forces to provide tug and terminal services in Canada. The two companies announced the joint venture, called Kotug Canada, Wednesday. "We are very pleased to partner with the world leaders in sustainable marine towing operations, combining our local experience and expertise to offer Canadian customers a top-notch level of towage services," sai
Detained North Korean bulker sold to mystery buyer The US has sold a North Korean bulker detained in April - but won't say who bought it or for how much. The 27,881-dwt Wise Honest (built 1989) was sold 12 September, according to the US Marshals Service, and was towed from the port of Pago Pago in American Samoa Tuesday. "The US Marshals held a sealed bid auction for the seized vessel" from 31 July to 9 August, a service spokesperson said Wednes
Hapag-Lloyd accuses Chinese company of abandoning cargo A second shipping company has taken Shanghai-based CTS International Logistics to court, accusing it of abandoning dozens of containers in Hong Kong. Hapag-Lloyd filed a $1.8m lawsuit in Los Angeles federal court Monday. The German line operator's lawyers alleged Chinese government-linked company arranged for the German company to transport of 76 containers reportedly filled with copper ingot fr
Financier challenges bulker sale amid month-long standoff Four vessels in the fleet of Swiss owner change hands, but one transaction is under fire because the ship allegedly went to an affiliate
Michael Webber lays out his LNG deck on marine midstream part of chain Rising utilisation will help buoy up freight rates, analyst says
VLCC earnings reach 11-year high despite return of Cosco Crude tanker rates enjoy further hikes with US sanctions on Iran and Venezuela creating short-term imbalance
Bulker stocks rise amid China trade deal news Bulker stocks have taken an upward swing amid news Wednesday that China may be open to a trade deal if the US stops implementing more tariffs. The Asian country would accept a partial deal if President Donald Trump ceases the taxes on Chinese imports, Bloomberg has reported. Since the trade tussle's early 2018 beginning, US has imposed tariffs on $550bn in Chinese imports while China has taxed $
CMA CGM at vanguard of liner gas charge French giant leads pack with more than 20 vessels as lines turn to gas
Teekay Shuttle Tankers is first Western company to complete green bond placement Teekay Shuttle Tankers (TST) has become the first Western shipping company to complete a placement of green bonds, which will partly finance four newbuildings. Teekay eyes first western green bond issue for newbuilds as capital hunt steps up Teekay Offshore exercises shuttle tanker newbuild option The Oslo-listed company today placed $125m in senior unsecured green bonds, which will be listed o
Dr Peters down to last tanker as Moundreas swoops for VLCC German vessel fetches $22m from Greek owner as tanker sales continue in hot market
TradeWinds survey: main bunkering hubs well prepared for IMO 2020 In January 2020, 18 of the world's largest bunkering ports generally can supply HSFO, MGO and LSFO, according to a TradeWinds Knowledge survey
Grimaldi: shipyard talks for ropax duo are 'very advanced' The Grimaldi Group is set to raise its newbuilding programme to 19 ropax, ro-ro and pure car and truck carrier (PCTC) vessels. Italy's largest shipowner will shortly place orders for two new ice-class ropax vessels, managing director Emanuele Grimaldi told the Euromed convention in Sicily. Grimaldi blasts speculation by refiners ahead of IMO 2020 Talks with three shipyards that are interested i
Hoe Leong plots shipping exit as it sells OSV duo Singapore-listed group offloading vessels as part of restructuring deal with lender UOB.
Oltmann linked to Performance boxship buy German owner said to have acquired Greek owner's ship in $20m deal
Mitsui joins Cargill and Maersk Tankers to trial green shipping technologies The collaboration ultimately aims to produce its own off-the-shelf solutions that can be used by others.
Norway heads to court over Tsakos tanker collision Trial next year will decide who bears responsibility for catastrophic accident that sank frigate
Ship blazes need legal response to be stopped - Grimaldi Italian owner argues rules are needed for dangerous cargoes in containers and tests on batteries in electric cars
Shipping equities to hibernate for some time yet, owners say Heavyweight owners are singing the blues about the current state of their affair with equity markets
Cyprus celebrates shipping prowess but threats lurk As island expands its maritime hub, costs are rising and old problems with Turkey fester
TradeWinds study: Shell most aggressive in decarbonisation among charterers Energy major is assembling a chartered fleet of at least 18 tankers that can run on LNG
Grounded car carrier's hull insured for $87m Golden Ray's insured value exceeds market value, according to analysts
Canopius-AmTrust syndicate merger creates top-five force Canopius' market share at Lloyd's of London speciality market has been expanded by the consolidation of two major underwriting platforms
Don Harrell re-emerges at Willis Re as underwriters find jobs in market rebound Leading marine specialists who found themselves out of work in market cutbacks are back
Ex-Eimskip CEO tries to end antitrust probe after nine years Gylfi Sigfusson fails in first attempt to halt investigation he claims has violated his human rights
No crew found in Bourbon Rhode search after 'distress' signal Vessels investigate source of signal to no avail following anchor-handler sinking
Passengers protest on NCL cruiseship Cancelled trips and unsanitary conditions prompt furious passengers to take action
EA Technique reveals order for tanker trio China's Ningbo Zhenhe and its own yard building vessels for Petco contract
Chief officer dies after mooring line snaps Another seafarer injured during accident on cargoship in Spain
Okeanis confirms declaration of Alafouzos suezmax options Oslo-listed owner pressing ahead with tanker order at Hyundai Samho
Banks offer to take over restructuring Bourbon Shares suspended in Paris until commercial court completes analysis of options for OSV company
Hafnia 'contemplating' listing on Oslo Stock Exchange BW Group-controlled owner has retained financial advisors, but releases few other details
Malaysia's Kasi targets LNG bunkering vessel simulator training Sabah-based company looks to take advantage of growing fleet of vessels in Asia
Carnival breaks ground on Japan's 'first cruise terminal' Sasebo facility set to open in middle of 2020 under 20 year deal with cruise giant
John Larkin switches gears to private equity (with video) A veteran investment banker in the transportation & logistics sectors, Larkin changed his focus to private equity.
Super Typhoon Hagibis still eyeing Japan this weekend Supply chains in Tokyo Bay, surrounding areas may come to standstill as Super Typhoon Hagibis approaches.
General Motors lays off another 615 workers at two auto factories in Mexico The United Auto Workers (UAW) strike against General Motors (GM) continues to take a toll on its Mexico-based facilities. GM announced October 7 it was...
Choptank and Syfan: Trucker Tools improved visibility at an affordable cost The visibility solution takes workload off the brokers and Smart Capacity lets them cover freight faster.
Week 40 picks up where third quarter left off Carloads on the railroads remained under water in the first week of the fourth quarter 2019. Intermodal weakness will be in the spotlight as third...
Arkansas trucking company owner charged in human trafficking case The owner of an Arkansas-based trucking company has been charged with rape, patronizing a victim of human trafficking and sexual indecency with a child, according...
American Airlines to resume Boeing 737 MAX service in January American Airlines [NYSE: AAL]said it expects to begin phasing in the Boeing 737 MAX into service by mid-January, nearly nine months after aviation authorities grounded...
Shift to first Influential Woman in Trucking finalist Jodie Teuton is the first woman to chair the American Truck Dealers Association.
Trump administration to consider mirrorless trucks DOT safety group seeks comment on replacing rearview mirrors with cameras.
CBP grounds import of fake Air Jordans Customs and Border Protection officers said the counterfeit footwear, which was recently seized at the L.A./Long Beach seaport complex, was mis-declared as "napkins."
Commentary: What opportunities exist for tech startups in food supply chains? Since writing about the challenges ahead for food supply chains, I have been thinking about how perishable foods and other items are transported from one...
ATA's Spear sees other ways to pay for infrastructure in the next decade The American Trucking Associations urges a federal fuel tax increase to pay for infrastructure improvements, but ATA President Chris Spear sees that approach evolving in...
Freight Futures daily curve: 10/9 Freight futures looking beyond the East region for some direction on Tuesday.
UPS widens net in new partnership to reach small to midsize retailers Shippo's 35,000 businesses can now easily create an account with UPS and those customers can receive its discounted daily shipping rates of up to 55%.
Port of Los Angeles OKs report for West Basin Container Terminal Port of Los Angeles approves environmental plan for terminal that accounts for 17% of its container volume.
IATA: Slowdown in airfreight demand accelerated in August The International Air Transport Association said Wednesday that overall global demand for airfreight declined at a faster rate in August than July, contracting 3.9% compared...
Major snowstorm plowing through northern Rockies Early season heavy snow, blizzard conditions slamming northern Rockies, northern Plains for next few days.
EC investigating Boeing-Embraer joint venture Deal is clone of Airbus-Bombardier tie-up
Today's Pickup: 'Stink fruit' cargo spoiled an Air Canada flight Pilots donned oxygen masks and returned to Vancouver after shipment of durian filled the 767 with the fruit's notoriously noxious aroma.
UPS to add 6,000 natural gas vehicles over next 3 years UPS will add 6,000 natural gas vehicles over the next three years as part of an agreement with Agility Fuel Solutions, which will supply the...
Analysts lowering estimates heading into earnings season - what to watch for Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many...
TMS or MTS? Why shippers no longer have to choose At one point, if companies wanted goods to move, they had to either invest in an expensive transportation management system, or turn over their operation...
Beyond Stevens, a report lays out tough times for drivers operating in Permian Basin New pipelines are proving bad news for truckers, according to this RBN Energy report.
Port Report: Resin exports to grow with new Charleston warehouse Houston still the main gateway for resin shippers, but other Southeast ports growing as well.
Truckstop.com and Schneider complete 'Book It Now' pilot Brokers will be able to offer core carriers guaranteed freight and rates at the click of a button.
China establishes yet another freight train route to Europe that is over 7,000 miles long The Chinese city of Yiwu has announced a new freight train route to Belgium's Liege, with trains expected to finish the journey in about 20...
2 U.S. plants to become victims of Continental's transformation Continental AG released its strategy to ensure its sustainability for future generations, and it involves closing several plants over the next six years, as it...
BiTA welcomes logistics real estate leader Prologis Prologis, the global leader in logistics real estate, has joined the Blockchain in Transport Alliance (BiTA).
All in the family AGT Global Logistics founder Angela Eliacostas credits the success of her company to values ingrained in childhood.
Rush Enterprises appoints Elaine Mendoza as first female board director Rush Enterprises Inc. (NASDAQ: RUSHA) recently announced the appointment of Elaine Mendoza as a new independent member of its board of directors. Mendoza becomes the...
Truckstop.com loads, capacity now available within Axele system Users of Axele by Optym now have access to Truckstop.com's loadboard within the Axele system thanks to a new integration.
Maersk: Shippers will only pay for IMO 2020 'cost recovery' Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.
Spanish Repsol's Q3 oil, gas production rises 3% on year to 712,000 boe/d
Yamal LNG tankers impacted by US sanctions 'operating normally': Novatek CFO "It is up to the owners of the tankers to resolve the issue," Gyetvay said.
MARINE FUEL ROUNDUP: Evrasia Bunker to supply 0.5%S at Novorossiisk in Nov This comes as the IMO 2020 rules is less than three months away.
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