Jotun Signs 42 Vessels HPS Contract with Wallenius Wilhelmsen Jotun, Sandefjord, Norway, signed an agreement August 8 with Norwegian company Wallenius Wilhelmsen to provide its Hull Performance Solutions (HPS) anti-fouling coating system across 42 vessels in the leading shipowner's advanced Ro/Ro
Port of Los Angeles Breaks July Record with 912,154 TEUs For the fourth consecutive month, the Port of Los Angeles has set a new single-month cargo record. In July, the port moved 912,154 twenty-foot equivalent units (TEUs)-the busiest July in the port's
PetroLogistics Awards McDermott with FEED Contract for 500 KTA Gulf Coast PDH Project McDermott International Inc. announced August 12 that it has been awarded a sizeable contract by PetroLogistics ll LLC to perform the front-end engineering design (FEED) services for a propane dehydrogenation (PDH) facility
ABB Names Björn Rosengren as CEO The board of ABB has unanimously appointed Björn Rosengren as its CEO. He will join ABB on February 1, 2020, and succeed CEO Peter Voser in this role on March 1, 2020.
MARAD Seeks Comments on Domestic Maritime CoE Designation Policy The U.S. Department of Transportation's Maritime Administration (MARAD) recently announced progress in establishing Centers of Excellence for Domestic MaritimeWorkforce Training and Education (CoE), which would recognize and support community colleges and training
Aframax earnings under pressure as North Sea and Baltic crude exports drop Refinery closures, pipeline problems, unscheduled maintenance and unplanned outages at oil fields have all lessened demand for aframaxes
One seafarer missing after fire on supply vessel in Bay of Bengal The Indian Coast Guard is dealing with the second reported fire in the region in recent days
Grains from Black Sea provide some support to dry bulk market Strong exports from the Black Sea region expected to continue over the coming months, says grains consultancy BullPositions
Maritime industry must open up about cyber crime Organisations within the maritime industry are often reluctant to report cyber attacks for fear of reputational damage
China's Asian rivals begin to take up the slack Vietnam sees the fastest growth in exports to the US in the wake of the Sino-US trade spat
Pyxis posts second-quarter loss despite uptick in rates Nasdaq-listed owner of six tankers sees net revenues decrease to $6.5m, from $7m in the same quarter a year earlier
Clarksons reports difficult year for its financial division Clarksons says it had a particularly strong performance in its broking division in the first half of the year
Daily Briefing Iran responsible for 70% of misrepresented bills of lading | Global box volume growth is braking sharply | The Lloyd's...
The Standard Club gains Hong Kong licence New branch will be led by Michael Turnbull as chief executive
APL containership catches fire off Indian coast The were no reports of injuries to the crew and initial checks showed the vessel is stable. The vessel has...
Kidnapped Turkish crew released Nearly a month after 10 Turkish crew were abducted from the Turkish-flagged 8,928 dwt Paksoy 1 general cargo vessel off...
Merger with CSSC won't create a monopoly, says CSIC chairman Chairman of China Industry Shipbuilding Corp claims the two only account for less than 50% of the country's total shipbuilding...
Ezion suffers from delay in rescue plan The group also had to dump assets in a weak market and cut rates as it struggled to keep afloat...
Andersen takes over at Avance Gas Ulrik Andersen has taken the reins at Avance Gas - along with the option to buy 750,000 shares. The John Fredriksen-backed, Oslo-traded gas carrier owner disclosed Monday that Andersen had been issued the options, which vest annually over the next three years and come with a five-year term. BTIG backs Avance Gas to swing back to black as VLGC rates spring to life Avance Gas eyes Fredriksen-driv
Turkish seafarers kidnapped in Nigeria released The 10 seafarers returned home Sunday after being kidnapped 15 July
Carnival names new chief ethics and compliance officer Arnold Donald-led company is required to create such role as part of $20m fine for violating five-year probation tied to environmental wrongdoing.
ITF agrees Strait of Hormuz 'extended risk zone' Crew entitled to improved wages and benefits if vessel is attacked
Pioneer Marine relives 'unpleasant memories from 2016' Torben Janholt-led handysize specialist turns a profit in the second quarter amid challenging market.
Ardmore Shipping explains rare step of revealing net asset value Differences in methodology aside, the Irish tanker owner's self-reported valuation is generally in line with analysts' estimations
APL containership hit by fire off western India A fire broke out aboard an APL boxship off the coast of western India Friday night. According to the Indian Coast Guard and local media reports, the fire started on the 10,106-teu APL Le Havre (built 2012) while the ship was about 40 nautical miles offshore. The cause of the fire is not known, but it reportedly struck four containers. All 26 crew members are said to be safe. One seafarer killed
Macroeconomic fears sting shipping stocks to wipe out this year's gains Shipping stocks have felt the force of the latest shots fired in Donald Trump's trade war with China with market turbulence in the past week wiping out year to date climbs. Red arrows were seen in every core shipping market last week as LNG carrier and dry bulk owners joined tanker and LPG peers in seeing their market values fall as a group. "Investors are fearing demand growth and the global
One seafarer killed in anchor handler fire off India A seafarer has died and another is missing following a fire onboard an anchor handing supply tug off the coast of India, according to reports. Kastrup out as APL CEO, Courquin in The blaze broke out onboard the 3,955-hp Coastal Jaguar (built 1983) near the port of Visakhapatnam on Monday, The Times of India reported. Twenty-eight of the vessel's crew were rescued by the Indian Coastguard, acc
Eagle Bulk Shipping reloading shelf after $122m purchase Eagle Bulk Shipping is feathering its potential war chest for possible purchases with a $750m shelf filing. Nasdaq-listed Eagle has logged the fresh shelf filing following a major summer swoop for six ultramax bulkers. Thanassis Martinos back in S&P market with Norden supramax buy Eagle Bulk Shipping eyes growth options after six-ship deal While a shelf filing does not mean a further equity ra
Vitol deepens tanker ownership with Navios Acquisition VLCC purchase Trading giant Vitol is believed to have deepened its interest in VLCC ownership with the purchase of a tanker from Navios Maritime Acquisition. Multiple brokers are connecting the London headquartered company with the acquisition of the 305,100-dwt Nave Electron (built 2002). Angeliki Frangou's Navios Maritime Acquisition sells oldest VLCC Vitol shows tanker appetite with time charter of quar
Swedish shipowner Gotland disposes of two product tankers Swedish tanker and ferry owner Rederi AB Gotland is selling two of its product tankers. US brokers say the Guangzhou built 39,000-dwt Alice (built 2013) and the sistership Ami (built 2012) have been sold for $40m enbloc. Laurin Maritime buys back tanker from KS owner It is being suggested that Amoretti Armatori of Italy is the buyer. Officials at both the seller and reported buyer have yet t
Fearnleys chief Kristian Sorensen expects 'nice year' after 2018 revenue jump Operating margin remains steady but broker's chief executive says political instability could have an impact on S&P deals
Pyxis Tankers stays in the red during 'choppy' second quarter Eddie Valentis backed Pyxis Tankers chalked up a second quarter loss in a difficult freight market. The product tanker specialist booked a $1.6m loss in the three months to the end of June, a little deeper than the $1.3m red number seen a year earlier. Valentis, chief executive of Pyxis, said in a statement the company has expected the chartering environment for product tankers to be choppy in t
APL and Vale buck demolition trend to send boxship and bulker for scrap APL and Vale are sending ships to Alang despite a depressed scrap market
Andi Case rules out newbuild 'shock wave' and eyes capital markets 'game changer' Orderbook not a threat to shipping industry's rebound
Scotland's Ferguson yard sunk by LNG-fuelled ferry job Revived privately-owned Scottish shipyard to go into administration amid talk of nationalisation plan
Siem Offshore sells multipurpose PSV to Nigerian owner Siem Offshore has sold a multipurpose field and ROV support vessel (MRSV) to buyers in Nigeria. Kristian Siem steps back on to Siem Offshore board The Oslo-listed owner has signed an agreement to sell the 4,214-dwt Siem Marlin (built 2009) for an undisclosed price. The buyer is Lagos-based Marine Platforms, an oil services company that operates in Nigeria and the African continent, according
Reederei Krey snaps up Nord/LB MPP duo in fleet renewal bid Acquisition of pair is an 'opportunity', says German shipowner
Clarksons books 'robust' first half performance as shipbroking results shine Shipbroking giant Clarksons has chalked up improved first half results in the face of a weaker dry cargo market, an ongoing trade war between the US and China and a period of constrained capital markets activity. London-listed Clarksons pointed to a strong showing from its shipbroking operation for the improved numbers and remains confident of an ongoing recovery in shipping markets and a disrupt
Stevenson signals Diamond S Shipping set to renew its MR fleet Connecticut-based shipowner knows the time is right as average fleet age hits 10 years
Wayne State University launches new mobility center The Center for Advanced Mobility marks another stage in the evolution of Detroit as a hub for new transportation technologies.
UPS takes rare step outside four walls, names Pepsi executive new CFO UPS hires Pepsi executive as CFO in rare move going outside the company
Crew safe after container fire on APL Le Havre off India Coast A container fire aboard the APL LeHavre comes as many liner companies are cracking down on misdeclared cargo.
Temperature-controlled storage provider sees "favorable" outlook Americold Realty Trust sees favorable refrigerated warehouse supply and demand dynamics continuing.
First quarterly drop in USPS' package, shipping volumes in nine years sends warning flares USPS' first quarterly decline in package volumes in 9 years throws up warning flares over lost business from its biggest customers
Pakistani startup Airlift raises $2.2M as investors flock to transit-hailing apps Traffic congestion in the developing world is driving a flourishing on-demand bus market.
Former Delta Air Lines safety chief sworn in to lead FAA Dickson will take on oversight of Boeing 737 MAX grounding.
Service reliability issues and trade uncertainty could help push U.S. rail volumes lower U.S. rail carloads no longer appear to be following the lead of broader economic indicators. Why? Look to concerns about rail service reliability and trade...
Marine terminals look to tech to keep trucking on track at ports Shifting rules at marine terminals pose challenge to drayage.
The six most common reasons cargo gets held up in customs Learn about the six most common reasons cargo gets delayed during the customs process.
Deliveroo is leaving the German last-mile food delivery market U.K.-based Deliveroo is exiting Germany, citing difficulties in maintaining the level of customer service that it offers across its other markets.
Today's pick-up: Son of Spaghetti Junction; YRC in consolidation mode Atlanta is building Spaghetti Junction II. UK drug companies will take matters into their hands to get goods to market in no-deal Brexit; YRC consolidation...
Commentary: The logistics of a college football game College football season is about to start (YES!!!). This article focuses on the logistics of moving a college team's equipment from its home location to...
Air Canada boosts Transat bid by C$200 million Canada's largest airline gets backing from Transat's largest investor for C$720 deal after real estate developer attempted to block acquisition.
Does Hong Kong airport closure signal troubled days ahead for air cargo? Continued cancellations could have a marked impact on air cargo.
Feds fund trucking improvements at the Port of Montreal Canadian government to invest C$18.5 million for logistics system, bridge, signs and "intelligent" communications to boost flow of trucks as part of a broader effort...
U.S. Energy Projections to 2050 EIA projects that, for the first time since the 1950s, the United States will export more energy than it imports by 2020.
Port Report: NY-NJ port moves container via electric truck Third busiest U.S. port prods carriers and owner-operators to use low- and zero-emissions trucks.
Redwood Games raise $130,000 for juvenile diabetes research The seventh annual Games were the biggest yet.
BREAKING NEWS: Hong Kong Airport Shutdown All flights into and out of Hong Kong have been shut down by the Hong Kong Airport Authority owing to the occupation of the airport...
Argentina's populist opposition win may put energy investment hold Argentina's leading opposition coalition, a left-wing populist alliance that ruled the country from 2003-15, swept the national primaries on Sunday.
US shale oil output to climb 85,000 b/d on month in September: EIA US shale oil output will increase to nearly 8.77 million b/d in September, up 85,000 b/d from August.
Oil slightly bullish, shrugging off tumble in equities Crude futures held in positive territory Monday, even as equities tumbled on global growth concerns.
Saudi Aramco expands in India with deal for Reliance Industries' stake
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