VIDEO: Dive boat wreck raised as NTSB issues initial report Ten days the Truth Aquatics dive boat Conception burned and sank, killing 34 people, KTLA 5 today broadcast live coverage of the wreck as it was pulled from the water. Today, too,
Chevron Marine Lubricants launches new gear oils for marine clutched gear systems Chevron Marine Lubricants has introduced a new range of premium high-performance gear oils designed for use in industrial and marine clutched gear systems, where extreme load and shock load protection is required.
Vigor wins $17.6 million Navy contract Vigor Marine LLC, Portland, Oregon, has been awarded a $17,635,905 firm-fixed-price contract for a 63-calendar day shipyard availability for the regular overhaul dry-docking of USNS Henry J. Kaiser (T-AO 202). The contract
VIDEO: Marell debuts high speed Volvo Penta powered patrol boat Volvo Penta and Swedish boatbuilder Marell have joined forces to create the new Marell M15 patrol boat, a durable vessel designed for anti-piracy operations, border control, intelligence gathering, maritime security, and force
MARAD launches cargo preference training courses The U.S. Department of Transportation's Maritime Administration (MARAD) has launched newly-accredited, web-based training courses on cargo preference laws and regulations. The courses were developed in collaboration with Defense Acquisition University (DAU). They
Grand Bahama Shipyard resumes operations Grand Bahama Shipyard (GBS) reports that it has officially resumed operations, welcoming back its first commercial vessel, the 57,062-ton Agathonissos. Owned by Greece-based Eletson, it returned to the shipyard yesterday to complete
OMSA says report creates framework for OSV use in disaster response Offshore service vessels may soon be able to assist in disaster response situations without being hampered by overly strict or differing interpretations of U.S. Coast Guard (USCG) regulations. The National Offshore Safety
VIDEO: Greenpeace protest shuts down part of Houston Ship Channel The Coast Guard closed a portion of the Houston Ship Channel, from Light 102A to Light 104, today, due to a stunt by Greenpeace USA activists near Baytown, Texas. At 6:30 a.m.,
Kongsberg upgrade of Tidewater PSV includes advanced hybrid solution Kongsberg Maritime has won a contract to carry out a "full picture" upgrade of the 2011-built Tidewater Inc. (NYSE: TDW) platform supply vessel Bailey Tide that will include installation of a state-of-the-art
Wasaline RoPax to have Wärtsilä navigation and communications system The new Wasaline RoPax ferry, under construction at the Rauma Marine Constructions (RMC) shipyard in Finland, will be fitted Wärtsilä's Nacos Platinum navigation and communication system. The order for the system, placed
DNV GL sees fuel flexibility as key to shipping decarbonization A new edition of DNV GL's Maritime Forecast to 2050 released at London International Shipping Week 2019 focuses on the challenge of reducing the carbon intensity of the global fleet to meet
The Lloyd's List Podcast: LISW Day 4 - How to change the shipping industry As we near the final mile of the London International Shipping Week marathon, we join two of the race leaders...
Wan Hai wary of escalating Asian 'skirmishes' on trade Trade volumes may not be affected as much from US-China trade spat, but tensions are also rising between Japan and...
Yellowhammer blow to UK ports may bring new opportunities Ports condemn lack of Brexit planning but changing trading patterns could be of benefit
Futurist: Digitalise or die The music scene failed to recognise its own digital revolution and chief executive of The Futures Agency Gerd Leonhard fears...
UK Flag shakes off 'Brexodus' with new vision to become top performer UK flag seeks to widen the net and establish industry partnerships that will grow the flag after a recent period...
IUMI 2019: not exactly good, but definitely less bad 'Markets are challenged. Business hasn't been profitable. Underwriters lose their jobs. Marine business is closed for certain or for all...
Scrubber corrosion repairs required less than six months after installation Pipework problems are requiring costly repairs to scrubber systems less than six months after installation in some cases, corrosion experts...
Shell's Henderson aims for zero-incident future 'A zero-incident industry is achievable, but it will not happen overnight,' said Shell's vice-president
Baltic Exchange launches new index The Baltic Operating Expense Index will be published quarterly and based on assessments from three leading independent third-party ship management...
Indonesia's nickel ore export ban to hit supramaxes The recent ban could mean the market will lose 2m tonnes a month of supramax cargo
Viewpoint: The geopolitical seafarer The US is being far too draconian in the way it imposes sanctions on Iran. Seafarers of any rank are...
Hong Kong-flagged vessel detained in Australia for MLC contravention Just last week, another China-owned bulker Fortune Genius was detained, also over unpaid crew wages
Daily Briefing Zero-carbon shipping to double freight costs | Carbon fund and cargo collaboration can fund zero emission shipping| IMO 2020 refining...
US authorities allow two ships to sail out of Brunswick to test Golden Ray casualty 'This is not going to be a quick operation, the salvage operation... I don't think it is out of the...
Frontline, Trafigura extend option deadline on two suezmaxes Frontline will have a few more days to consider buying two more suezmaxes from Trafigura as part of a multi-vessel swoop. Both sides on 23 August announced a deal in which Frontline may buy up to 14 suezmax tankers from Trafigura for $675m. Trafigura happy to be exposed to Frontline equity prospects John Fredriksen's Frontline will buy at least 10 through the transaction, which had allowed the
Greenpeace shuts down Houston Ship Channel in plea for Green New Deal Greenpeace has blockaded the Houston Ship Channel - the US' largest fossil-fuel thoroughfare - by dangling two dozen climbers off a massive bridge over the busy waterway. The Amsterdam-based environmental group's 22 activists plan to hang from Baytown, Texas' Fred Hartman Bridge with climbing ropes for 24 hours into Friday. Calls to the Port of Houston and the Harris County Sheriff's Office have
OOCL finance chief: Green funding needs to be a 'carrot' Green financing hasn't yet taken hold in shipping - but it could, if done right an OOCL executive told attendees at the London International Shipping Week conference Thursday. Michael Fitzgerald, deputy chief financial officer at the Hong Kong liner company, said green financing has to be an incentive and every part of the supply chain needs to be involved. "If we're looking to make the changes
Giuseppe Bottiglieri to wait on scrubbers and focus on fuel availability Italian shipowner has begun technical preparation works for its 15-ship fleet, according to managing director Mariella Bottiglieri
Onorato's Moby Group benefits from 'positive trends' Italian ferry and ro-ro operator Moby Group saw a significant spike in half-year results. The Vincenzo Onorato-controlled owner's Ebitda came in at a €47.8m profit versus a €8.8m loss compared to the same period last year. Revenue jumped 8.7% to €256.3m, thanks to 'positive trends' both in the passenger and cargo sectors, the company said. Mediterranean passenger results benefited from pricing
Ship investors face tough regulatory environment Bahri and Wan Hai executives say better regulatory process for green shipping rules can benefit the whole supply chain
Japan 'regrets' Panama decision on canal tolls The Panama Canal Authority (ACP) is to push ahead with a planned increase in tolls across a broad range of ship types next year although the original January implementation date has been delayed to account for IMO 2020. In a statement the Japanese Shipowners' Association (JSA) said that it appreciated that the ACP would delay the hike in tolls until April rather than January 1 when shipowners wil
CMA CGM appoints new deputy chief financial officer CMA CGM has brought on a new bean counter to help with the books. The French liner giant has hired Olivier Casanova as its group deputy chief financial officer and chief financial officer for CMA CGM subsidiary CEVA Logistics. This is a newly created position, CMA CGM said. Prior, he was chief financial officer for sugar producer Tereos since 2012 after serving two years as PSA Peugeot Citroen
Fourth quarter is 'the quarter' for d'Amico Paolo d'Amico is tired of waiting for the IMO 2020 tanker rally - thankfully, he thinks it's right around the corner. The chairman of the Milan-traded shipowner told TradeWinds Thursday that he expects things to start peeking up next month, with the effects truly felt in the fourth quarter. "We keep speculations, we're speculating on what is going to happen, how it's going to happen," d'Amico sa
Boris Johnson's plan to shrink emissions? Just what on earth is the UK's prime minister up to here?
Helsinki Shipyard fixes finance for two cruiseships STLC and Finnvera coming up with cash for Vodohod vessels at Finnish builder.
Arctic the next frontier for navies in defending shipping Navies are already dealing with both state and non-state actors in a "grey zone", a Royal Navy vice admiral said
Star Bulk still on the prowl for fleet acquisitions, says Norton The president of Star Bulk also said delays in fitting scrubbers will support shipping markets until the end of the year
Shell offering training courses to improve seafarer wellbeing Major says it is applying what it has learned from its "Partners in Safety" Resilience programme
Sovcomflot and NYK refinance LNG duo with $176m loan Russian and Japanese owners sign up with three lenders to fund Sakhalin-2 carriers.
Data and people both key to future shipbroking success, Baltic-TW forum hears Digital analytics crucial and complementary tool to relationships and character in shipbrokers' toolbox
Straits Marine eyes expansion after tanker buy Malaysian fuels group gets discount on Hibiscus vessel as it ramps up operations.
Gunvor and Clearlake maintain indemnity in oil smuggling row UK judge upholds ruling that any claims against charterers by tanker owner Xiang Da Marine should be made in London not Singapore.
Cargoship banned over insufficient food for crew Sio Shipping vessel barred by Paris MoU after third detention in two years.
Petrobras stretches Solstad anchor-handler charters Brazilian major keeping Far Scout and Far Santana for another year.
TI opens US office as it expands with scrubber-fitted VLCC pool Tankers International breaks silence on new members and expansion plans
Drug-smuggling crew jailed for up to eight years Ukrainian seafarers from Carib Palm also fined $83m in France.
Boreal Transport inks electric ro-pax trio in Turkey Norwegian owner renewing fleet with electric vessels in debut Tuzla order
ExxonMobil homes in on MISC for first LNG carrier newbuilds Energy major has already selected Samsung Heavy Industries as its yard of choice as it swoops in on berths
ExxonMobil on the lookout for dual-fuel VLCC newbuildings Energy major set to join dash for gas with orders for up to eight LNG-fuelled ships
Chinese bulkers seized in Australian MLC clampdown Owners short-changing their crews on wages are feeling the wrath of the Australian authorities
Vopak expands LNG footprint with Colombia deal Dutch storage company set to partner Latin American gas player Promigas in infrastructure play
London's strengths remain despite repeated UK government blunders City's position as a major maritime centre is built on language, law and security - and policy will do little in the short term to change that
Yasa and Canfornav revel in brisk supramax market With freight rates increasing, the ship type is starting to sell well
Korean and Chinese yards to split Evergreen's 23,000-teu newbuild order Taiwanese owner opts to own all newbuildings and ditch chartering plan
Iran crude customers turning to Iraq to fill void Indian, China and Turkey emerging as big buyers of Iraqi crude, as volumes to US slide, says ClipperData.
Arun Sharma marks new era at IACS with IMO 2020 focus Indian Register head is first of new generation of members to hold chairmanship of the classification association
GMS spares 25-year-old panamax bulker from the scrapper's torch GMS has followed up a trading sale in boxships with a similar deal in dry bulk to cut scrap trade losses
Product tanker Megacore Honami heads for auction block Singapore's longest-held arrested ship will be sold in October
Werner sees a decent peak season, capacity shakeout coming Werner has seen freight fundamentals improve recently and is expecting the truck market to tighten as new regulation is implemented.
Potential tropical cyclone developing over the Bahamas Suspicious weather brewing in the Caribbean. Disturbance could soon become the next named storm of the 2019 hurricane season.
Carriers gaining momentum, but shippers still hold slight edge in the FreightWaves Pricing Power Index The weekly FreightWaves Pricing Power Index jumps 10 points in favor of carriers.
IEA: Trucks, ships may face less IMO 2020 risk than feared The International Energy Agency now believes implementation of the new fuel rule could be "much smoother than expected."
SmartDrive raises $90M for video-based safety telematics SmartDrive, a company that focuses on video-based safety and transportation intelligence designed to help truck drivers, has landed $90 million in outside funding, the company...
Flirtey unveils their new delivery drones, FAA approved The logistically challenging final mile of delivery accounts for 53% of the total cost of delivery. Autonomous drone technologies could drastically reduce that percentage.
Freight Futures daily curve: 9/12 Freight Futures data to watch today: Spot National vs Regionals The spot month National contract (FUT.VNU201909) closed down 0.35% to $1.467 per mile. Regionally, the East...
CSX chief outlines company's changing mindset as e-commerce grows CSX needs to be more proactive if wants to compete with trucks, CSX's chief said.
Flooding, severe storm potential in northern tier states (forecast video) Heavy rain, nasty storms will slow down truckers at times today. Plains, Great Lakes regions main targets.
Amazon to open Dallas regional air hub next month Amazon Air to begin flying at Dallas/Fort Worth regional hub next month
IAA 2019: Angela Merkel calls for close cooperation between auto industry and government German Chancellor Angela Merkel addressed the gathering at the IAA 2019 on sustainable mobility amidst heavy criticism over the event by environmental activists.
Rethinking urban mobility systems through data intelligence Understanding and analyzing data acquired from current mobility systems could help pave the way for sustainable and affordable mobility of the future.
Today's Pickup: More fleets use telematics, but few utilize its full capabilities More fleets are using telematics than ever before, but few are taking advantage of the full capabilities, a new report found. Also, author of controversial...
Driver appreciation week needs a focus on preventing workplace injuries The driver appreciation week is celebrated across the country to pay respect to the 3.5 million truckers who haul freight all year round, rain or...
Customs brokers lobby change to US bankruptcy law The NCBFAA proposes amending the U.S Bankruptcy Code to allow "subrogation" rights for customs brokers who have paid duties to the U.S. government on behalf...
Cross-border tech platform Forager closes $3.25 million seed round Forager wants to solve borders for shippers and transportation providers.
Peer-to-peer truck sharing platform COOP expands to Orlando Ryder System's peer-to-peer truck sharing platform COOP connects truck owners with businesses interested in renting vehicles, helping maximize vehicle utilization.
'Cyber deniers' are a threat to supply chain security Digitalization and automation are increasing the risk of cyberattacks, say intelligence agencies, but many shipping companies are refusing to act.
ATA considers raising diesel tax for truck-only lanes Option raised as part of Capitol Hill debate on congestion pricing
Going back to an old model to deal with classification issues: Scopelitis attorney The complexity of the question of driver classification is leading to new ways of dealing with it.
BLS' Monaco makes clear her views on driver "shortage": there is none There is no "perennial shortage" she tells the FTR conference in Indianapolis.
TL carriers seeing recent improvement Two of the nation's largest truckload carriers said they are seeing green shoots in freight demand.
Chinese port Yantai and Brazilian miner Vale enter into iron ore pact Yantai Port in northern China and the Brazilian miner Vale have signed a so-called strategic cooperation framework to promote the sale of Vale's iron ore....
1 on 1 with Matt Elenjickal: FourKites founder details company's rise FourKites was founded with the idea of developing a cloud-based SaaS platform that allows for seamless communication and real-time collaboration in the supply chain. As...
Port Report: Big ship calls almost double in New York-New Jersey Larger ships now calling as liner services have to reach Southeast Asia ports for East Coast discharge.
PORT REPORT: A "no deal" Brexit will cause supply chain chaos, says secret U.K. government report Truck capacity across the English Channel could be cut to 50% for up to three months, resulting in two day queues for drivers.
Global refinery throughputs to return to growth in Q4 as IMO 2020 looms: IEA Global refinery throughputs are expected to return to growth in Q4, after "the recent fall in global refining activity bottomed out in July," the International Energy Agency said in its monthly report Thursday.
APPEC: PetroChina to suspend direct imports of Venezuelan crude Direct imports of Venezuelan crudes, almost all heavy sour grades, will officially come to an end from October, a source at PetroChina with close knowledge of the matter told Platts.
Houston Ship Channel protests could crimp bunkers supply: sources A portion of the Houston Ship Channel closed early Thursday as Greenpeace activists suspended themselves from the Fred Hartman Bridge as part of protests timed to coincide with a scheduled Democratic Party debate in Houston.
APPEC: Scrubbers still integral for IMO 2020 compliance despite some unease Scrubbers will be vital to ensure compliance to the International Maritime Organization's low sulfur mandate despite facing skepticism from some quarters about their limitations, delegates said at an industry event this week.
External: Global Risk Management
INTERVIEW: INTERTANKO developing practical guide for implementation as IMO 2020 looms The joint industry guidance should be read together with the ISO/PAS, Harun said.
Fujairah heavy distillate stocks slide 14% on week amid robust bunker demand "We saw steady inquiries in recent weeks and the price difference to Singapore did help to sustain some buying interest," a bunker supplier said.
Asian gasoil to head West as EFS weakens to near 4-month low "At minus $14/mt levels, arbitrage for most places, including India to Europe should be open," a trader said.
OPEC holds 2020 demand forecast for its oil unchanged despite global slowdown In 2020, world oil demand is projected to increase by 1.08 million b/d, a 60,000 b/d downward adjustment from OPEC previous assessment.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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