USCG Marine Board of Investigation to probe deadly dive boat fire The Coast Guard assistant commandant for prevention policy, Rear Adm. Richard Timme, announced Wednesday that he has convened a formal Marine Board of Investigation (MBI) to investigate the loss of the small
Great Lakes Dredge books contracts work $141 million Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) reports that he has been awarded several major dredging contracts totaling $141 million. The awarded work includes: Jacksonville Deepening Contract B Option (Capital Deepening, Florida,
ABB solution means Corsica Linea ferries will berth emissions-free in Marseille Three Corsica Linea ferries will cut emissions and noise pollution when berthed in the Port of Marseille, France. The three - Paglia Orba, Jean Nicoli and Pascal Paoli - are being modified
Does the U.K. need a "shipping czar?" Though the U.K. has long claimed a global lead in the provision of professional maritime services, it faces increasing competition from Singapore, the U.S., China and Norway. A new report from trade
Fortescue takes delivery of Schottel equipped Rotortug sextet The Damen Song Cam shipyard has delivered six Robert Allan-designed ART 85-32W Rotortugs to Perth, Australia, based Fortescue Metals Group (Fortescue). The advanced tugboats - FMG Dusky, FMG Tawny, FMG Spinner, "FMG
The Lloyd's List Podcast: LISW Day 3 - The cost of zero-carbon shipping How do we fund zero-carbon shipping and accelerate it beyond the current IMO targets? Double freight rates and use the...
Carbon fund and cargo collaboration can fund zero-emission shipping Tovald Klaveness chief Lasse Kristoffersen believes shipping should create a $20bn carbon fund modelled on Norway's NOx fund to plough...
Hydrogen will not drive emissions reduction, DNV GL warns LNG as a fuel could take up over 40% and ammonia 25% of marine fuel market in 2050, according to...
Zero-carbon shipping to double freight costs Shipping is one of the most expensive sectors of the economy to decarbonise, says the chair of the UK's Energy...
Owners should watch media coverage of sanctioned countries, lawyer advises 'One of the things you can say about Trump is that he is pretty open about everything he doesn't like...
IMO 2020 refining gains to give way as economies slow David Fyfe of Argus Media says that while IMO 2020 is supposed to fuel a bull run for refiners' yield...
Government says Brexit is 'opportunity' for UK maritime Maritime UK chairman Harry Theochari says Britain's shipping sector has survived other periods of disruption and will survive Brexit
US box imports surge ahead of tariffs Retailers are attempting to minimise the impact of the US-China trade war on consumers by boosting stocks before each new...
Shipping's green road is littered with regulatory hurdles Partners at shipping law firm fill audience in on technology, regulations and practicalities of meeting new responsibilities to the planet
Hapag-Lloyd adds online marine insurance Quick Cargo Insurance product will provide tailor-made cover that takes effect immediately upon conclusion of the contract
P&O to launch new cross-Channel freight service New ferry service is designed to bring fresh produce to the UK's southeast with shorter road haulage distances
CEBR says maritime sector contributes $57bn to UK economy New report shows that as well as direct contributions from the sector, shipping provides a multiplier effect to the wider...
Japanese refiner Cosmo Oil sees scrubbers as viable mid-term option According to general manager Mitsuyasu Kawaguchi, about 2,800-4,000 scrubber installations are expected by January 2020
Daily Briefing Owners open to fuel carbon pricing to curb emissions | Shell urged to share GHG emission savings | Former UK...
Piracy problem is a threat to Nigeria's maritime economy Nigeria would welcome a naval coalition in the Gulf of Guinea as part of efforts to stem the piracy tide...
Indian oil refineries to supply IMO 2020 compliant fuels by October IOC's Gujarat and Haldia refineries are set to produce 700,000 tonnes and 300,000 tonnes per year respectively of low sulphur...
Torm claims scrubber investments can help boost green credentials Torm has invested in installing scrubbers on board 34 tankers out of its 82-strong fleet
UK summons Iranian ambassador over oil sale The oil sale has been called out as part of a pattern of behaviour by Iran's government designed to disrupt...
Evergreen scraps chartering plan and orders ten 23,000 teu newbuilds Taiwanese carrier is said to be in talks with lenders, including the large bank-backed Chinese leasing houses, to finance the...
AM Nomikos lifts fleet size with South Korean supramax pair Greek company resumes expansion with pair from SK Shipping
Chengxi plots course into gas carriers and dual-fuel vessels Bulker specialist Chengxi has emerged as a prospective builder of a first LPG carrier and added a pair of self-unloaders
Tallink sails to Singapore with plans to expand in the region Senior executive Taavi Tiivel to be based in the city-state to explore opportunities in Asia for the Estonian ferry company
Chevron time charters Sun Enterprises' aframax newbuilds US oil major also adds one MR product tanker newbuilding to existing order at Hyundai Mipo
Chinese Maritime Transport poaches OOCL fleet management boss Taiwanese capesize owner has new president in wake of Cosco's OOCL takeover
Turkey's Arkas Holding clinches Chinese financing agreement Deal with Minsheng Financial Leasing underlines growing Chinese financing for Turkish shipping
DNV GL predicts nearly 40% growth in shipping demand by 2050 While coal and crude shipping demand is expected to fall amid energy transition, the classification society forecasts strong growth in LNG trade
Decision day for Worldscale looms to set 2020 bunker prices Tanker freight rate association has lacked real data to cost-in low-sulphur fuels amid fears of losses for owners if prices surge as forecast in next few months
Paschalis Diamantides linked to new outfit Velos Tankers Paschalis Diamantides, the son of major Greek shipowner Diamantis Diamantides, is believed to be behind Velos Tankers, a new company said to have two tanker acquisitions under its belt. Paschalis has so far been known as an executive at his father's companies Marmaras Navigation and Delta Tankers. Last November, it was Paschalis who announced the two companies' decision to order 10 scrubber syste
Director of Maritime swaps Westminster chaos for City calm UK's maritime director comes to London International Shipping Week for light relief in time of political turmoil
John Fredriksen makes a profit on sale of panamax bulker Private fleet also includes newcastlemaxes but Norwegian shipowner is undecided on future sales
SunStone Ship's first Infinity cruiseship comes sailing in China Merchants Heavy delivers first Chinese-built expedition cruiseship ahead of schedule
Sixth car carrier accident of 2019 prompts urgent safety questions Latest loss raises serious concerns over fires and capsizes after expensive run of incidents this year
DNV GL: LNG will be top marine fuel by 2050 as ammonia beats hydrogen One needs to be "nearly crazy" to predict wide adoption of hydrogen in the short run, says DNV GL's maritime chief executive Knut Orbeck-Nilssen
DryShips legal foes dispute weight of Top Ships ruling Judge's rejection of securities fraud allegations looms over parallel case against Greek owner and Kalani Investments
Top Ships prices $10m share offering Top Ships has raised $9.95m after selling 1.58 million shares at $6.30 each. The pricing reflects a 28% discount from Top's previous closing price of $8.74. The $9.95m is a gross sum before underwriting discounts, commissions and offering expenses. Each share will be sold with one warrant to allow the purchaser to buy the unit at $8.19 per share by 31 December. The buyer may also acquire the sh
Top Ships still answering queries in US SEC probe over Kalani As Evangelos Pistiolis' company seeks new money from US investors, it is still answering questions from securities regulators over past raises
US ethane exports wave nudges Ineos further into the public eye Privately owned Ineos has kept a low profile, but that probably will not last
Pacific Green Technologies hires ex-broker to sell scrubbers Former SSY, Skaarup Chartering and Torvald Klaveness executive joins expanding Oslo sales office
George Economou paying 21% discount to NAV for DryShips shares Investment advisor says $5.25 price to public shareholders nonetheless is 'fair' and in line with expectations on economic basis
GasLog sees LNG carrier newbuilding prices rising Company says 2050 emissions targets will shorten ships' useful life, pushing up financing costs and charter rates
Bulker captain dies as mooring line snaps Report says master killed on vessel in port of Ilo, Peru.
Three more Dof Subsea directors quit Norwegian OSV owner names two replacements as FRC appointees depart.
Baltic Exchange launches operating costs index UK organisation will cover bulkers initially, before widening scope of new tool.
Small LNG producer NorthStar Midstream plans raft of vessels Company aims to build on first order for an LNG bunker barge and become a first Jones Act mover
Navig8 Chemical cuts loss as revenue rises Norway-listed tanker owner keeps lid on operating costs but finance expenses rise.
ICBC finance exec seeks to strengthen post-Brexit UK ties Wang Zhenyong, deputy chief executive of lease financing at ICBC Leasing, said he is hoping to build on the Chinese bank's already strong relationship with the City of London post-Brexit. Speaking at the Chinese Shipping Association of London (CSAL) event during London International Shipping Week (LISW) he described the UK as a "key partner" in China's belt and road initiative. "In the shipping
Britannia P&I bullish as S&P reaffirms 'A' credit rating London-based P&I mutual buoyed by 'financial snapshot' as pressure mounts on peers
Shipping can go even further on emissions cuts, green groups say Shipping can have zero carbon emissions by 2050, as long as the IMO leads the way
Iran: Adrian Darya 1 sold oil at sea to private company Envoy to London says country has not broken assurances over Syrian discharge.
GasLog calls on charterers and owners to seek best-quality deals Peter Livanos-led company rebrands as it looks to a new era for LNG shipping
Nasdaq questions Performance's performance Greek boxship owner told to boost share price after falling below $1.
Kmarin adds two more VLOC newbuildings at Yangzijiang Shipbuilding South Korean operator has taken two options at around $75m apiece to add to its two firm vessels against a contract from Vale
POSH forges management alliance with CIMC OSV owner agrees deal with partner for semi-submersible unit as first step
Traditional panamax boxship values predicted 'to rise 50%' Post-panamax boxships are the star performer but mid-sized boxship might be the ones to back
Heavy-lift duo UHL and Ocean7 joining forces German and Danish operators opening office in Bergen together, with more to come.
Venture unveils plans to tackle tainted fuel ahead of IMO 2020 Insurers hear how tagging and blockchain technology can reduce fuel contamination incidents and claims costs
Hybrid cruiseship completes first Arctic crossing Hurtigruten hails voyage of Roald Amundsen through Northwest Passage.
New lease accounting rules boost carriers' margins IFRS 16 standard has improved container lines' results, but increased debt.
Anthony Veder beats a forward path on LNG bunkering Chief executive Jan Valkier tells shipowners to get onboard and look at their carbon footprint if they want to survive
Owners dive into Tankers International's new VLCC scrubber pool Hunter, Hartree and others commit vessels to pioneering venture.
Loaded bulker burns off Turkey Kiran Holding ship hit by blaze in Iskenderun.
Yards and owners jostle for Ineos' VLEC newbuildings Large vessels will be used to ship US ethane to new facility near Antwerp in Belgium
China-to-US box rates spike as demand for Asia-to-Europe trade falls Transpacific rates are surging, but Asia-Europe trade is looking wobbly again
Tufton Oceanic plots new share sale for ship buys UK owner going to the investor well again as it seeks further expansion.
Gibraltar: Syria discharge would render Iran's word worthless UK territory awaiting confirmation that Adrian Darya 1 has breached EU sanctions.
LNG newbuilding demand shifts towards project tenders Will independent owners end up competing for berth space with heavyweight charterers who are looking to secure bulk buys?
Teekay Offshore exercises shuttle tanker newbuild option DP2-rated vessel will join existing Heritage class shuttle tankers working off Canada
Indonesian nickel ore export ban set to hurt supramax trade Switch to refined nickel will mean greatly reduced export volumes for the bulker sector, says Banchero Costa
TS Lines reaps exchange rate windfall on Wenchong feeders Taiwanese liner operator is said to have saved up to $3m per ship by pushing deal into 2019
MISC gearing up for newbuilding order splurge Malaysian owner preparing for new growth phase, leading to potential multiple contract wins
Landstar guides lower due to 'tragic accident' and unfavorable market conditions Landstar System warns on earnings due to a "tragic vehicular accident" and weaker than anticipated market conditions.
Trump announces two-week delay to planned China tariff increase The announcement comes after Beijing announced its first round of tariff exemptions for U.S. goods earlier in the day.
Turbo-prop cargo plane crashes in Toledo, Ohio A Convair CV-440 cargo plane crashed outside Toledo Express Airport in Ohio Wednesday (Sept. 11) morning, killing the two people on board, according to the...
Fake NBA rings intercepted at L.A. airport cargo facility U.S. Customs officers at Los Angeles International Airport recently confiscated 28 counterfeit National Basketball Association championship rings with a retail value of $560,000, the agency...
Ships allowed to leave Port of Brunswick Two ships trapped in the Port of Brunswick since September 8 when the vehicle carrier Golden Ray capsized, have been allowed to leave, a prelude...
DHL Supply Chain becomes first 3PL to partner with Convoy DHL Supply Chain partners with load-matching platform Convoy, becoming the first 3PL to do so
5G technology could dial back precision hurricane tracking "If there are 5G signals operating where we are trying to sense the atmosphere it makes it more complicated to use the good observations, the...
'When rates really suck and drivers take it on the chin' A conversation about the future of autonomous trucking with pro-labor author and sociologist Steve Viscelli.
'Fuller Speed Ahead' spotlights Colombian nearshoring benefits Colombian nearshoring may be beneficial to those in the transportation and logistics industries.
Percentage of carriers still running AOBRDs could be higher than expected The three-week moving average of surveyed carriers reporting ELD compliance dropped to just 89.1%.
U.S. rail volumes still sluggish U.S. rail volumes are down nearly 4% year-to-date amid a 6.6% decline for coal and a 4% drop for intermodal.
UBS analyst likes C.H. Robinson's new technology CHRW is facing the toughest competitive landscape in decades, but still has a scale advantage and is investing in tech appropriately.
Boeing chief sees US-China trade war as sales risk for big jets Boeing Chairman and CEO Dennis Muilenburg on Wednesday expressed confidence the company would quickly overcome recent troubles with its new 737 MAX and 777X airplanes,...
Hours of service and the Alaska exemption Not many people are aware of this, but Alaska received a special exemption from the HOS regulations.
Delta Cargo brings on new senior leadership Delta Cargo taps three new leaders to help oversee operations, strategy and revenue.
European automakers to concentrate on affordable, sustainable mobility The European Automobile Manufacturers' Association explained its goals towards the future, which involve the creation of a comprehensive plan to enable zero-emission mobility across Europe.
Freight Futures daily curve: 9/11 Futures prices being driven by shifting freight flows to the East
AB5 passage upends California's independent trucking model Bill approved in state senate with no carve-out for owner-operators
Shipping coalition takes aim at IMO 2020 fuel preparations BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to "double their efforts" to ensure a smooth transition to low-sulfur fuel.
Shippers press Congress to reauthorize Ex-Im Bank The National Association of Manufacturers wants Capitol Hill lawmakers to pass another long-term extension of the bank's charter before its Sept. 30 expiration.
Why digital freight brokers might fail to disrupt the freight brokerage industry Brian Laung Aoaeh discusses innovation, technology, and disruption in the freight brokerage market.
YRC's new financing is part of its latest restructuring YRC Worldwide announces new debt financing agreement. The latest step in it's latest restructuring.
Uber and Lyft hold their breath in the wake of California bill Barclays and Macquarie estimated that the companies will spend an extra $2,000 to $3,600 per driver annually.
Ocean Rate Report: Jitters for bulkers, steady for boxes Dry bulk spot rates have pulled back from recent highs, while trans-Pacific container rates have held their gains.
Flooding, severe storms, snow to hit Great Plains (forecast video) Heavy rain, intense thunderstorms, early-season snow could all delay truckers in several states today, tonight.
Sticks and carrots drive heavy-duty electric truck adoption Greenhouse gas regulations are the sticks and incentives are the carrots in driving the heavy-duty truck and commercial vehicle industry to embrace electrification.
Shipping cyber terrorism threat heightened by digitalization Future attacks could be far worse than the $10 billion 'NotPetya' attack in 2017 that hobbled Maersk and cost FedEx $300 million.
Rivals, shareholders make bids for bankrupt Aigle Azur France's second-largest airline suspended flights Sept. 6.
Cathay Pacific cargo sector takes hit from Hong Kong protests Cathay Pacific saw double-digit drops in both tonnes of cargo carried and cargo and mail revenue freight tonne kilometres.
Today's Pickup: Idaho prosecutor drops drug trafficking charges against truck driver hauling hemp Plus: Ride-hailing, trucking companies await likely final passage of California labor bill
Federal labor board ruling seen as win for LTL employers Decision could make it easier for employers to make unilateral work-rule changes
Solving the jigsaw puzzle of filling aircraft with freight Airlines use a lot of skills to maximize freighter and wide-body space for cargo
7-minute, high-impact demos return for FreightWaves LIVE Chicago 7-minute company demos will garner a lot of attention at the upcoming FreightWaves LIVE Chicago conference, November 12-13.
Singapore HSFO backwardation, cash differential hit record high on prompt demand The Singapore 380 CST high sulfur fuel oil market in a display of strength hit record highs for both the cash differential and front-month backwardation spread on Tuesday, driven up by limited supply and prompt demand.
Rotterdam bunker market sees tight HSFO availability ahead of IMO 2020 Dwindling production of 3.5% sulfur fuel oil is curbing supply for the Rotterdam bunker market and supporting cargo differentials as refiners prepare for the looming 0.5% sulfur fuel cap despite residual demand for 3.5% product.
FUTURES 5: Oil complex settles lower on talk of easing sanctions, distillate stock build The oil futures complex settled lower Wednesday on a larger-than-expected build in US distillate inventories, and on a news report that US President Donald Trump had talked about easing sanctions on Iran prior to firing John Bolton, who was his National Security Advisor at the time.
APPEC INTERVIEW: Trafigura sees oil slump to $50/b unless OPEC cuts deeper "I think OPEC has been pretty good but...I think they need to do more than they are currently rather than less," Luckock said.
SUBSCRIBER NOTE: Platts proposes LNG FOB Gulf Coast Marker (GCM) assessment standard terms These terms would form the basis of the GCM assessment, and are being proposed on the back of initial feedback provided by market participants.
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