Canadian Coast Guard takes delivery of second OFSV Seaspan Shipyards' Vancouver, B.C., shipyard has completed delivery of CCGS Capt. Jacques Cartier, the Canadian Coast Guard's second Offshore Fisheries Science Vessel (OFSV). The delivery took place exactly five months and two
Golding Barge Line expanding Vicksburg operations The Mississippi Development Authority reports that inland water transportation company Golding Barge Line is expanding operations in Vicksburg. The project is a $20-million corporate investment and will create 25 jobs. "Mississippi's transportation
USCG returns most New York Waterway ferries to service, but ups inspections Coast Guard Sector New York has returned to service 18 of the 23 New York Waterway ferries that had been initially suspended for a series of safety concerns in the week leading
Austal USA delivers EPF 11 The U.S. Navy accepted delivery of its eleventh Expeditionary Fast Transport (EPF) vessel, the future USNS Puerto Rico (T-EPF 11), from shipbuilder Austal USA in a Dec. 10 ceremony held aboard the
SEA\LNG study makes strong case for LNG as a VLCC fuel The SEA\LNG coalition has released the results of an investment study that, it says, shows that LNG is "a compelling investment solution" for VLCCs operating onthe Arabian Gulf to China trade route.
Seamen's Church Institute hosts River Bell Awards Luncheon The Seamen's Church Institute (SCI) has presented its prestigious River Bell Award to Delbert R. Wilkins of Illinois Marine Towing. The award was presented December 5, 2019 at SCI's 20th Annual River
Damen supports Colombian research vessel project Damen Shipyards Group is to provide Colombian shipbuilder Cotecmar with design, engineering and technical assistance for the construction of an 83 m x 16 m Scientific Marine Research Vessel (Buque de Investigación
Schottel to propel hydrogen-fueled ferry Two new environmentally friendly vessels for Norwegian ferry operator Norled will be propelled by high efficiency azimuth thrusters from Schottel. One of the two LMG Marin designed vessels - currently under construction
Ventspils port calls risk breaching US sanctions The Latvian port is a key Baltic distribution point for middle distillates such as diesel and gasoil as well as...
IMO 2020 will benefit US oil producers and refiners, White House official forecasts US refineries which have downstream units that upgrade residual oils into more valuable and lower-sulphur products are well positioned to...
IMO warns against 'trouble' and 'confusion' for global decarbonisation efforts amid EU emissions push The IMO secretary general says he intends to travel to Brussels, while industry lobbies express concerns over Commission and Parliament...
National Bank of Greece set to complete sale of bad ship loans US private equity firm Cross Ocean Partners is acquiring ship loans that are in default for about half their original...
Byzantine Maritime group orders two LPG carriers with dual-fuel option Hyundai Mipo-built vessels may be among the first with dual-fuel LPG-burning engines
Collaboration the key to stopping misdeclared cargo Regulations designed to promote competition and transparency may, unintentionally, be an impediment to shipping's efforts to clamp down on misdeclarations...
Viewpoint: The salvors' lifeblood The International Salvage Union is reshaping itself to offer up risk foresight for those in the shipping industry as well...
Daily Briefing Free to read: European Commission unveils plan to regulate shipping emissions | Saudis in tender for first ships to feed...
US sanctions Iranian shipping firms for smuggling weapons to Yemen 'Today's designations put the world on notice that those who engage in illicit transactions with these companies will risk exposure...
MOL orders next-generation coal carriers The group anticipates ongoing orders for EeneX vessels and expects them to play a leading role in its coal carrier...
Elba LNG readies first shipment and lends shine to US exports LNG tanker Maran Gas Lindos is loading the first shipment at Elba Island
Epic Crude Holdings begins oil exports from Texas terminal Epic repurposed the former International Grain Port Terminal to begin exporting crude while it has a larger export facility under...
POSH set for delisting in January The Singapore Exchange is set to lose yet another offshore listing following the delistings of Vard and Otto Marine
ONE to offer slots on Nyshex ONE will start posting offers on the exchange this month for transpacific eastbound trade
The 5 lifetime achievers 2019 As part of our annual Lloyd's List Top 100 most influential people in shipping series, we recognise individuals for their...
Concord Maritime buys first vessel in Arcadia deal Ben Ognibene-led commercial management and pooling outfit will employ Samsung-built aframax in Dakota Tankers pool.
Christen Sveaas converting $13m of debt into Western Bulk equity Move is part of attempt to strengthen company's finances and could also involve two other share issues
Diana Shipping share buyback oversubscribed, but it won't take them all Diana Shipping shareholders may not get exactly what they planned in a buyback that has been oversubscribed nearly fivefold, but they will at least get something. The New York-listed owner plans to repurchase only some of the 12.2m shares that investors tendered in a programme offering to buy only 2.74m units at $3.65 each. The so-called prorated offer, which expired Wednesday, will provide Sime
Malaysia seizes drifting tanker with lone engineer aboard 61-year-old Vietnamese man detained for further questioning
Scrubbers may not last - but they will make fast cash Critics claim gas exhaust systems will damage the environment, but for adopters it is all about the money
P&I clubs urge caution after US sanctions Latvian port Government to take over Ventspils after measures against board member Aivars Lembergs
IMO 2020 will not boost refining runs - IEA Net refining runs will not increase next year because labour strike-related outages will offset the expected boost in low-sulphur fuel production, according to the International Energy Agency (IEA). Tanker players fear soft oil demand more than deeper cuts by Opec+ In a new report, the agency said global refining throughput is set to see a quarter-on-quarter fall in the final three months of 20
Wellard sells world's biggest livestock carrier for $53m Australian owner offloads Ocean Shearer to boost its finances
SEA/LNG makes the investment case for LNG-fuelled VLCCs Study claims payback period on a dual-fuel large tanker operating between Middle East and China is three to five years
Massive variation found in lines' LSFO surcharges Alphaliner says it can see no correlation between size of extra fees and operators' efficiency
NRP snares Genco Raptor with Greek partner Norwegian owner snaps up another bulker with W Marine
New York case reveals fresh details behind fraud allegations against NewLead Holdings Amid pursuit of Michael Zolotas' assets, several people well known in ship finance have been named in connection with the former shipowner's activities
Sanctions and green shaming reveal tattered corporate veil New digital world is creating a huge change in the transparency of shipping, with uncomfortable consequences
Petronas open to ordering third FLNG newbuilding Malaysian energy major weighing up market case for another gas unit
Cargoship grounds in Tunisia after dragging anchor Veteran Hamada S stuck on beach in Bizerte after storm
Signature Living backs out of cruise plan for floating beach club British hotel group puts veteran Funchal back on the sales market
Byzantine Maritime orders LPG newbuildings at Hyundai Mipo Dockyard Greek shipowner emerges behind order announced by South Korean firm
Saga LNG Shipping prototype goes into spot market business Shipowner and investor David Wu says his new midsize LNG carrier design is proving itself for possible long-term charterers
Pavilion Energy poised to make call on LNG newbuild duo in 2020 Singapore gas company plans to target breakbulk activities and LNG bunkering as it expands its business in South East Asia and Europe
MOL contracts pair of 'next generation' coal carriers Japanese shipowning giant said it anticipates ongoing orders for "optimal coal carrier" design
Pavilion Energy to open doors in Europe with Madrid office Pavilion Energy group chief executive Frederic Barnaud has said his company's efforts are focused on bringing Iberdrola's portfolio into its operation, as it eyes making inroads in Europe. Pavilion paid €115m ($127.4m) for the LNG assets of Spanish energy company Iberdrola in June as a step towards becoming a global player. The company officially opened its new European headquarters in Madrid in
Clarksons says newbuilding orderbook at 15-year low Significant decline in contracting has also seen forward cover at big three Asian nations shrink
Kwok bid to take POSH private goes unconditional Singapore-listed offshore vessel operator has also extended closing date of the offer by one week
Feds advance plan to limit transportation WiFi capacity Mobility group slams spectrum cut as "reckless decision."
Forward Air to buy most of Linn Star to expand last-mile network Forward Air to become top 5 final-mile provider with acquisition of most of Linn Star
Bennett International Group expects growth in diversified services David Carpenter and Praveen Boppana discuss the Georgia-based logistics company's expanding ventures.
APM Terminals opens container terminal on Italian Riviera A new APM Terminals container terminal in Italy also expects to capture cargo moving to and from Switzerland, Germany and France.
Hapag-Lloyd taps Blume Global for managing global drayage Fifth largest global carrier is responding to customer interest in greater container visibility.
Canadian National grain shipments return to pre-strike levels Canadian National's grain shipments gain momentum with eight-day strike in the rearview.
Freight Futures daily curve: 12/12 Trucking Freight Futures notch fourth consecutive session of gains on Wednesday.
Hong Kong discounts airport fees for cargo shipments Cathay Pacific didn't waste anytime jumping on the Hong Kong airport's offer to subsidize rebates of terminal handling charges as both organizations look to attract...
ONE making ocean freight slots visible on digital exchange Japan's leading boxship carrier becomes seventh to join NYSHEX's platform for guaranteed slots.
There will be diesel reaction to IMO 2020, but it's mostly muted: JP Morgan A recent report by JPMorgan Chase sees a diesel market reaction coming as a result of IMO 2020, but its tone and forecast are restrained...
Major snowstorm continues to slam western US (with forecast video) Snow, blizzard conditions not letting up across mountains of western U.S. Icy weather possible in the South.
California's AB 5 will impact trucking companies and shippers Assembly Bill 5 limits companies from classifying workers as independent contractors rather than employees to save operational expenses.
FMCSA extends drug clearinghouse deadline for state agencies Delay to provide more time to develop proper IT platform.
Today's Pickup: Saudi Arabia's Aramco becomes world's most valuable publicly-traded company Aramco crosses $2 trillion valuation; German economy looks vulnerable than ever; Autoworkers vote for a new contract at Fiat Chrysler.
US sanctions snare more air, ocean transport operators linked to Iran The Treasury Department's Office of Foreign Assets Control warns U.S. companies to exercise due diligence against entanglements with sanctioned transportation services providers.
Refraction launches robotic lunch delivery in Ann Arbor Less than six months after Refraction came out of stealth mode, the robotics startup is launching its first food delivery service, for residents of Ann...
Celadon's closure an opportunity for other companies in turbulent times Celadon Group's (OTC: CGIP) shutdown comes after cross-border shipping had already lost several other full truckload (TL) carriers this year that provided Mexico service. Matt...
SUKU, DreamView Studios partnership brings transparency to virtual world across industries On Dec 10, industry agnostic supply chain ecosystem SUKU announced a partnership with DreamView Studios. The platform, enabled by blockchain, and media ecosystem produces photo-real...
Carriers regaining the mojo: Power shifts toward carriers a third consecutive week (with video) Momentum for carriers holding as volumes, rejections and rates are moving in their favor.
Freight-tracking startup FourKites focuses on innovation, global expansion FourKites ranked No. 8 on the FreightTech 25 list of the most innovative and disruptive companies.
Chinese export contraction continues as US tariffs bite After adjusting for Lunar New Year distortions, the growth rate for Chinese exports to the U.S. in November was the lowest since January 1996.
Making the Steel City a hub for freight - FreightWaves Insiders [podcast] Michael Ceravolo of Beemac Logistics and Jordan Reber of ARL Logistics are making Pittsburgh a hub for supply chains.
Analyst: Fuel costs set to double, box lines rush for scrubbers Shipyards are facing a scrubber stampede as container lines seek to sidestep paying for low-sulfur IMO 2020 bunkers beginning on Jan. 1.
Air cargo may be poised for a 2020 upturn IATA is optimistic that the trade wars, geopolitical tensions, Brexit and social unrest of 2019 will be less damaging in 2020, offering air cargo stakeholders...
IEA lowers estimates of refinery throughput growth The International Energy Agency on Thursday lowered its Q4 2019 and Q1 2020 refinery throughput forecasts, bucking previous expectations that the IMO low sulfur cap on marine fuel would boost runs.
MARINE FUEL ROUNDUP: Monjasa opens first supply area in Houston Bunker fuel supplier Monjasa has announced an expansion of its Americas operations, with the opening of its first physical supply area for all grades of marine fuel in Houston.
HSFO cracks strengthen as IMO deadline approaches European high sulfur fuel oil barge cracks have seen unexpected strength this week as the IMO 2020 sulfur deadline is only 20 days away.
US sanctions on Iranian oil impeding foreign investment, slowing exports: official US sanctions on Iran's oil exports have caused revenue losses for Iran exceeding $50 billion, severely hindered the country's push to expand refined-product exports, and ended foreign investment in its energy sector, Brian Hook, the US State Department's special representative for Iran, said Thursday.
Global fuel oil demand in 2020 to fall 4.6%: IEA Global fuel oil demand will average 6.148 million b/d in 2020, a 4.6% drop from 6.440 million b/d in 2019, the International Energy Agency said in its December report published Thursday.
FUTURES 4: Crude settles higher on US-China trade deal hopes Crude futures settled higher Thursday, rising along with equities on optimism that the US and China would come to a trade agreement soon.
Russian 2019 river navigation closes, last activity in southern Russia Navigation was completed in late November on the river Neva, which is the main part along the Volga-Baltic route.
FUJAIRAH DATA: Refined product stocks rise 2.5% on light distillates gain Stocks of light distillates rose 15% to a three-week high of 5.377 million barrels.
Platts Analytics raises global oil demand growth as IMO 2020 kicks in "Diesel demand growth will be extraordinary in 2020, due to IMO specification change," said Claudio Galimberti, Platts Analytics head of demand.
Denmark's Monjasa expands physical supply operations to Houston "The large distances leave room for several suppliers in niche markets within this massive port area," it added.
Russia's Gazpromneft Marine Lubricants starts production in Singapore Localizing lubricant production at the AP Oil partner facility will cut delivery times, the company said.
Shell sees LNG as starting block for shipping's energy transition "There's an urgency to reduce carbon emissions now; we can't sit back and wait for all the research on these new fuels," Henderson said.
Tight fuel supply, busy barge schedule put strain on Med bunkering activity "The whole of the Med is tight on HSFO and VLSFO," one bunker buyer said, adding that quoted bunker prices were higher as a result.
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