New Orleans RTA picks new operator for problem-plagued ferries The New Orleans Regional Transit Authority (RTA) has selected Labmar Ferry Services LLC - a recently formed offshoot of offshore service vessel operator Laborde Marine - to take over operations of the
Port of Green Bay already tops 2 million tons for season With nearly 207,000 tons of cargo moved into and out of the Port of Green Bay, Wis., in November, total tonnage has now topped the port's goal of 2 million tons (2,081,962
MSC to use up to 30% biofuel in ships calling in Rotterdam MSC Mediterranean Shipping Company (MSC) reports that it has started to use biofuel in its vessels calling in Rotterdam, the Netherlands. The decision follows successful trials with biofuel blends earlier this year.
ABS grants AiP for LNG fueled Newcastlemax Classification society ABS has granted Approval in Principle (AiP) to Deltamarin and GTT for a dual-fuel Newcastlemax bulk carrier design. Deltamarin, GTT and ABS have been cooperating on the development of the
DVB quits shipping finance Despite the wider retrenchment of European ship finance, DVB was a Top 10 ship financier as recently as two years...
Liquefaction experts join forces to combat losses Southampton University's Marine and Maritime Institute has embarked on a three-year funded project to come up with good practice guidelines...
Angelicoussis inks new tanker and LNG 'package' at DSME The tankers are scheduled for delivery in summer of 2021 while the 174,000 cu m gas carrier is due in...
A 0.1% sulphur cap in the Mediterranean Sea is coming closer The governments involved have agreed on the next steps, but their roadmap leaves the possibility open that they will not...
Carriers slow to remove capacity ahead of Chinese New Year Fears grow of slew of late blankings as container lines react to seasonal slowdown
The customer should pay for cleaner shipping The basic flaw in the maritime business model is that the aim of the game is to control costs. That...
Free trade does little to boost India's exports India's withdrawal from the Regional Comprehensive Economic Partnership comes on the back of weak results from previous FTAs
BW LPG chief Martin Ackermann steps down Ackerman cites family reasons for going after more than four years at the helm
Daily Briefing Free to read: Bunker sales reveal progress in sulphur cap transition and compliance | Rising US LNG activity supports Atlantic...
AET signs off Shell charters for newbuild shuttle tankers The latest shuttle tankers going on charter with Shell are expected to support the energy giant's drive to lift more...
MSC listed among Europe's top 10 polluters UPDATED: MSC hits back at criticism of its environmental performance. It argues that its ratio of CO2 emissions per tonne...
Canada approves Chevron's bid to export LNG from Kitimat project The Chevron-operated project comprises upstream resource assets in the Liard and Horn River basins in northeast British Columbia, the 471-km...
AVIC quits shipbuilding after China Merchants' takeover The acquisition comes after Beijing last month established the new China State Shipbuilding Corp by combining the former CSSC with...
Top 10 maritime lawyers 2019 As part of our 2019 Top 100 most influential people in shipping series, we look at the very best legal...
Pittas family boosts Euroseas stake through various holdings Greece's Pittas family has bolstered its position in New York-listed boxship owner Euroseas over the past four months through three family-held investment vehicles. Eurobulk Marine Holdings, a holding company led by president John Pittas, bought 9.4% of Euroseas by taking up 4.23m shares on 8 November, according to an SEC document filed Monday. Containers Shareholders Trust, a holding company le
Global Ship Lease tenders almost entire $20m offer Global Ship Lease (GSL) tendered nearly all $20m of debt put up for repurchase through an annual mandatory offer. The New York-listed boxship owner bought back $17.3m of the outstanding 9.875% first priority secured notes due 2022, the company said Monday. The offer expired Friday. GSL expects to buy those notes Tuesday at 102% for a total purchase price of approximately $17.7m. Global Ship Lea
Havila bids for majority stake in Fjord1, mulls Kystruten merger The Saevik family has launched a bid to take control of the ferry operator that caused massive losses at one of its shipyards
Gaunt busts myth of anti-China bias in London Chinese yards can win in arbitration cases if they are prepared, says LMAA president Ian Gaunt
Iceland enacts sulphur cap that's more stringent than IMO 2020 The Nordic country is writing the IMO 2020 regulations into local laws, but with a tougher limit
Ofac's 10 commandments on how to avoid violating sanctions US government agency has detailed the most common features of transgressions
Alarm bells ring for shipping on growing sanctions action Analysis shows a four-fold growth in enforcement against maritime companies, forcing shipowners to rethink their compliance strategy
Pioneer Marine pockets profit with sale last supramax bulker Torben Janholt's Pioneer Marine is exiting the supramax bulker market after carrying out a very profitable deal for a 10-year-old ship. The Athens-based shipowner has sold the 56,000-dwt bulker Tenacity Bay (built 2009) to an undisclosed buyer for $8.8m, European and US brokers said. Torben Janholt's Pioneer Marine offloads another bulker Pioneer Marine, which is listed on the Oslo over-t
Teekay Tankers sells oldest suezmax to Greek buyer US-listed outfit also has two other 16-year-old tankers that are likely sales candidates
Navig8 links with CSIC Leasing on LNG-fuelled LR2 newbuilds Planned order by London-based operator marks first dual-fuelled tanker contract for Qingdao Beihai
Shipping has to do even better to deliver green industrial revolution Having made strides to cut greenhouse gas emissions, the industry now has to drive deeper change
Buoyant VLCC resales market leaves yards with few orders Shipbuilders suffering as newbuilding prices remain low due to regulatory uncertainty even as large tanker values strengthen
Tech pioneers tell of shipping's fragmented path to digitalisation Protagonists of Singaporean accelerator programme PIER71 liken shipping's digital challenge to a jigsaw puzzle
PIER71 developing smart solutions to real-time shipping problems PIER71 pioneers Freddy Boey and Mark Lim of the National University of Singapore say the tech accelerator is just one of many taking place worldwide that seeks to address the problems faced by the maritime industry. Following the formula, PIER71 works with all comers to seek technological solutions to real-time problems identified by industry players. In its recent Smart Port Challenge - the th
DFDS buys trucking firm to grow Europe-UK logistics business Danish ro-ro group DFDS is expanding its logistics services between continental Europe and the UK and Ireland by buying Dutch trucking company Huisman Group. DFDS cancels ferry swap deal with Moby Brexit fears take a bite out of DFDS forecasts and share price The Oslo-listed ferry company has acquired 100% of the Wijchen-based firm for an undisclosed price. DFDS said it expects the acquisi
Swedish Club to hike rates by 5% Protection and indemnity mutual said it is taking a "balanced approach" to premiums
Wilson grows its small bulker fleet with duo bought from Arklow Norway's Wilson has signed agreements to buy two small bulkers from Ireland's Arklow Shipping, which rose to fame this year for very different reasons. Wilson has agreed to buy the 5,000-dwt, open-hatch vessels Arklow Rover and Arklow Resolve (both built 2004). Wilson makes foray into 5,000-dwt bulker segment "The purchase is financed through equity and draw on the company's bank loan facility,
BW LPG chief executive Martin Ackermann steps down Singapore-based VLGC owner will ring in the New Year with a new chief executive
H-Line doubles up on LNG carriers at Hyundai Samho South Korean owner follows up September's Vitol-backed order with second ship
Angelicoussis back at DSME for two VLCCs and LNG carrier Greek shipowner's spree continues at favourite South Korean shipbuilder
Total shipping and marine fuels divisions join new regional hub in Singapore Energy company hopes new headquarters will drive operational efficiencies and accelerate innovation
MSC joins list of European Union's top 10 polluters Swiss liner company said to be responsible for 25% of the EU's container carbon emissions
Hermitage Offshore wins new $132m bank loan on Scorpio Services buy Top shareholder said to be kicking in $15m in new equity to secure financing carrying OSV owner through 2023.
Swire MPSV locates lost WW1 battleship off Falklands Singapore-owned vessel ends five-year hunt for German armoured battlecruiser sunk in 2014
Celadon's Mexican carrier Jaguar Transportation 'still pulling strong' Jaguar Transportation, the Celadon-owned carrier based in Mexico, says it will remain operational and continue its cross-border shipping. "Jaguar will operate in the same way...
UPS expands international air express network UPS expands worldwide air express networks
US senator pressures White House on mandatory hair testing Legislation demands OMB and HHS estimate rule publication date.
Henderson Bypass in Kentucky receives CSX Select Site designation Site is close to Interstate 69 and Ohio River.
US enters customs assistance agreement with Vietnam The agreement is hailed as "a critical step forward in our economic and security partnership."
Wabtec delivers fuel-efficient locomotives to Egyptian National Railways Railway Age reports Wabtec also will help ENR modernize its existing fleet.
US sanctions aim to topple Cambodian timber magnate Office of Foreign Assets Control adds Try Pheap and 11 of his companies to the Specially Designated Nationals and Blocked Persons List.
Freight Futures daily curve: 12/9 Trucking Freight Futures ended a generally negative week on a positive note on Friday.
Air cargo carriers seek new EU regulatory framework Airlines for Europe (A4E) lobbies policy-makers to support air cargo sector
Today's pickup: Blockchain's progress slows on lack of trust; a debt-you-can't-repay nod to Paul Volcker Blockchain needs trust to gain trust. A tribute to Paul Volcker
US exporters attempt to head off new content restrictions The Commerce Department is expected to propose new rules that lower the U.S. content threshold for licensable reexports and when foreign-made products are subject to...
Celadon's Canadian carrier Hyndman Transport shuts down Drivers "in shock" and blame the troubles of their U.S. parent company for causing Canada's largest trucking failure of 2019.
Asset-based digital marketplace Archerhub guarantees 100% hauls for all loads on its platform ArcherHub runs its own fleet that it uses as a backup for loads that go uncovered on its digital freight marketplace and thus guarantees hauls...
Snowy week ahead for several areas of the US Several inches to a foot of snow could delay truckers, freight in many states this week.
Freight tech investing hits $11.7 billion through third quarter, Pitchbook report says It's been another banner year for venture capital (VC) investment as investors sunk $11.7 billion in supply chain technology across 371 deals during the first...
MSC outlines lower carbon output for European vessel calls Move to establish green bona fides comes as the liner operator is called out for its carbon output.
KeepTruckin's AI focus driving down costs for customers R&D investment delivers top-5 status among FreightTech 25.
CBP expands e-commerce data pilot to ocean, international mail U.S. Customs and Border Protection said excluding ocean cargo from the Section 321 pilot program reduced "a substantial number of relevant shipments of potential participants."
Roadrunner sells flatbed unit, another step in restructuring Roadrunner Transportation continues to overhaul its portfolio with the sale of its flatbed unit.
East Coast ports poised to poach even more boxes from West Container industry veteran John McCown argues that the shift toward East Coast ports is inexorable.
Celadon Group makes bankruptcy official, shuts down after 34 years The official announcement followed a chaotic weekend of credit, customer, and driver issues,
Volvo invests in Silicon Valley transport start-up fund The Swedish truck giant's venture capital arm has invested an undisclosed sum in Autotech Ventures.
Rescue deal saves 6,500 jobs at Eddie Stobart Shareholders of beleaguered U.K. trucking company Eddie Stobart have gone ahead and accepted a £55 million rescue deal that would help the company come out...
Enterprise, Enbridge to jointly build VLCC crude export terminal off Houston Enterprise Products Partners and Enbridge have agreed to jointly develop a deepwater crude oil export terminal offshore Houston, the latest sign of consolidation in the crowded field of US Gulf Coast export projects.
Diverging demand for middle distillates sends gasoil soaring while jet slumps
Singapore port authority revokes IPP's bunker supplier license
High sulfur bunker fuel demand in Taiwan surges as supply in other North Asian ports drop
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