Port of Baltimore receives federal grant to strengthen security The Maryland Department of Transportation Maryland Port Administration (MDOT MPA) announced August 13 that it has been awarded $703,116 in the most recent round of funding through the Federal Emergency Management Agency's
Prominent fast-ferry builders choose MAN engines Australian shipbuilders, Austal and Incat Tasmania, have ordered a total of eight MAN16V28/33D STC engines in connection with the decision of the Government of theRepublic of Trinidad & Tobago to build one
Carnival Corporation Announces Two New Appointments to Its Compliance Departments Carnival Corporation & plc, the world's largest leisure travel company, announced the promotion of ChrisDonald to senior vice president of corporate environmental compliance and the appointment of Peter Anderson to its newly created position of chief
DNV GL supplies ShipManager Hull software to realize Saipem 7000's digital twin Saipem, an energy and infrastructure solution provider, is implementing DNV GL's hull planned maintenance system, ShipManager Hull, based on 3D digital twins of crane and pipelaying vessels. DNV GL will supply its
St. Croix County upgrades with new Lake Assault rescue boats The St. Croix County Sheriff's Office, located in Hudson, Wis., recently took delivery of a custom-built Lake Assault Boats rigid hull inflatable boat (RHIB). The new craft enhances the office's patrol capabilities
DEME's New Dredger "Bonny River" Features SCHOTTEL Propulsion Solutions SCHOTTEL recently announced that the trailing suction hopper dredge named the Bonny River, built at Royal IHC's Chinese partner yard COSCO Guangdong Shipyard, features its propulsion solutions. Recently handed over to the
Freight forwarders hit back on cargo misdeclaration fines 'It's interesting that they talk about fines, because I don't think that in the private sector you can fine people...
Pangaea posts reduced profit but continues to 'outperform' market Net income falls to $4m from $5.8m in the second quarter a year ago, as revenues dip by 16%
Stena chief seeks diplomatic support as concerns grow for 23 detained crew Stena Bulk chief executive Erik Hanell has spent the past month trying every possible avenue open to secure the release...
UPDATED: Sanctions-busting tanker de-flagged by St Kitts & Nevis registry Bonita Queen's movements follow a similar pattern of behaviour used by other Chinese-owned or Iranian-controlled ships to avoid detection and...
Yang Ming says trade war is weighing on demand But it argues its fleet renewal plan has helped improve cost structure
Brexit uncertainty forces DFDS to downgrade earnings expectations Ro-ro owner sees revenues and profits grow in the second quarter but Brexit casts cloud over the remainder of the...
Malaysia developing $477m oil storage and bunker facility next to Singapore The company has been in discussions with various investors from the Middle East, mainland China and Hong Kong as well...
HFW takes over old Ince & Co Monaco office Shipping law firm HFW is opening a Monaco office next month, after hiring seven lawyers from the old Ince &...
Moore Stephens strengthens shipping service Accounting and consultancy network has been a leading brand name in shipping for 75 years but has now formalised a...
UPDATED: Iran says UK may release Grace 1 oil tanker The IRNA news agency, citing the deputy head of Iran's ports and maritime organisation, Jalil Eslami, said Britain was interested in...
Fredriksen enters bunkering joint venture with Trafigura Frontline and Golden Ocean Group will acquire 10% and 15% interests in the venture respectively
Daily Briefing Box: China's Asian rivals begin to take up the slack | Tankers: Aframax Earnings Under Pressure | Dry: Grains offer...
Seafarers to receive extra payments if attacked in Strait of Hormuz While the attacks have thus far only affected tankers, the IBF said it wanted to show leadership and prompt action to...
ICTSI first half volumes up 7% on operational ramp-ups and new terminals in Papua New Guinea Looking ahead ICTSI said that although its business remained relatively unscathed by current geopolitical headwinds, it remained vigilant and would...
IMC founder Frank Tsao dead at 94 His early success in dry bulker business had crowned him as one of the four magnates, or 'kings' as the...
South Korea eyes support for US-led coalition in Strait of Hormuz Although South Korean authorities say there is no plan to join a US-led coalition, observers note that additional parliamentary approval...
Pioneer Marine remains profitable despite weak rates Pioneer Marine boasts a $3.7m profit for the first six months of the year
Shipping stocks rise on Trump tariff delay Taxes postponed on several Chinese imports until 15 December, primarily boxed goods such as cell phones, laptop computers, toys and apparel.
Bahrain's new FSU arrives but terminal delays continue Start-up schedule expected to slide into fourth quarter as shoreside works continue
Japan P&I Club goes 'back to basics' as outlook brightens Mutual sees its rating lifted by S&P after profitable 2018 boosts free reserves
DHT Holdings fixes out scrubber-fitted VLCC on three-year deal DHT Holdings has locked one of its scrubber-fitted VLCCs into a three-year charter. The New York-traded company announced that one of its 2012 built ships would earn a base rate of $30,000 per day from the deal. DHT will also bank all earnings up to $37,500 per day as part of the package, with income above that level shared with the charterer. The contract will begin after the scrubber retrofit
Second suit filed in Teekay Offshore take-private move Two shareholders say Brookfield breached its fiduciary duty to shareholders
Ship recycling innovator Tom Peter Blankestijn dies Green shiprecycling pioneer Tom Peter Blankestijn has died at the age of 58. The managing director of Rotterdam-based Sea2Cradle suffered an acute heart attack on 12 August. Wouter Rozenveld, business partner and director operations of Sea2Cradle, informed colleagues in an email in which he said Blankestijn died despite efforts by ambulance and hospital staff to save him. The other 2020 deadli
Cosco Singapore posts profit as focus shifts to logistics Cosco Shipping International (Singapore) has posted another profitable quarter and has announced a new chairman and plans to expand its logistics offering. Cosco lines up scrubbers for 23 vessels The Singapore-listed division of the Chinese shipping conglomerate recorded net income of SGD 1.71m ($1.23) during the second quarter. The result is 30% lower than that seen at the same point in 2018.
d'Amico and Glencore joint-venture linked to product tanker sales A joint-venture between shipowner d'Amico and trader Glencore is believed to have sold one or two of its vessels. d'Amico and Mitsubishi make second MR disposal in 2019 TradeWinds reported back in June the 47,147-dwt Glenda Megan (built 2009) and 44,999-dwt Glenda Meredith (built 2010) were being marketed for sale. Brokers now report the Glenda International ships to have been picked up at a pr
LNG carrier watch starts as market awaits first Freeport LNG cargo Newest US liquefaction project prepares for first export shipment
Clarksons and Enerjen Capital aim to put power back in the hands of bunker buyers The world's largest shipbroker is collaborating with the energy hedging specialist to provide physical and derivatives solutions for IMO 2020
Wah Kwong Shipping chief executive David Palmer retires David Palmer is retiring as chief executive of Wah Kwong Shipping but still plans to keep his hand in the shipping industry, in which he has worked for 43 years. Wah Kwong places first VLCC newbuilding order for a decade Palmer will step down in September and plans to take his remaining annual leave during the last weeks of his contract, he told TradeWinds. "In just three weeks, I will have rea
Iranian officials expect UK to release detained Grace 1 tanker soon A tanker at the hub of a dispute between Britain and Iran will soon be released, officials said on Tuesday. Could detained Grace 1 be poised to sail from Gibraltar? ITF agrees Strait of Hormuz 'extended risk zone' British marines took control of the 300,600-dwt Grace 1 (built 1997) in early July with the ship since detained in Gibraltar. Today Dryad Global suggested the tanker could soon be re
Utkilen reveals profit growth amid continued renewal drive Chemical tanker owner locks in charters for stainless steel newbuildings
International Maritime Carriers founder Frank Tsao dies at 95 One of the creators of the modern Hong Kong and Singapore shipowning scenes has passed away
2020 Bulkers starts earning with Newcastlemax delivery The delivery means Tor Olav Troim's first pure shipowning company will have income to offset its outgoings.
Brexit fears take a bite out of DFDS forecasts and share price Fears around Brexit have led DFDS to cut its full year outlook, sending shares in the Danish ferry owner spinning downwards today. Hapag-Lloyd sticks to forecasts despite geopolitical trouble 'Go-getter' Pilides helping to sell Cyprus as hub for global shipping Its stock slumped by more than one tenth in early trading after it warned of "exceptional uncertainty" around the UK's pending exit f
John Fredriksen teams with Trafigura to forge new marine fuel giant Frontline's Macleod tells TradeWinds that new venture will serve group companies and third parties
'Go-getter' Pilides helping to sell Cyprus as hub for global shipping Enthusiasm and business nous of former executive is aiding the island nation's reach around the world
EU approves state aid for Croatian LNG FSRU Project gets backing as it will "contribute to the security and diversification" of energy supplies
Sincere Navigation set to return to black later this year Taiwanese capesize owner suffered in the first six months of 2019 due to Vale mining woes
Could detained Grace 1 be poised to sail from Gibraltar? VLCC's release could be an attempt to reduce UK's foreign policy issues in run up to Brexit, says UK security firm
Houston Ship Channel 'just as important as Strait of Hormuz' US oil and gas pipeline operator says importance of Texas waterway has been "unappreciated"
Malaysia's Sime Darby buys Gough of New Zealand Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch,...
Weaker logistics and U.S. revenue hurt Titanium in second quarter Canadian transportation firm posts a 19 percent drop in revenue on tougher freight market on both sides of the border.
The only certainty for equity markets and transportation stocks is uncertainty Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season,...
Tropical Storm Krosa may cause shipping troubles in eastern Asia Japan's busiest port in potential path of Tropical Storm Krosa. Slow downs likely for a couple days.
Canada invests over $100 million in rail-related infrastructure projects The announcements confirming Canada's planned investments in rail infrastructure come as the country prepares for a federal election in October.
Workhorse Group prospects brighten as production of electric step vans for UPS nears Cowen analyst Jeffrey Osborne has raised his estimate for Workhorse Group Inc. shares from $2.00 to $4.00 based on the company beginning production in the...
Fitzgerald Glider Kits potentially on hook for $83 million in taxes Government denies claims the IRS misled company on excise tax rules.
Small fleets continue to lag behind larger peers in ELD compliance Waiting until December to start running ELDs could leave some carriers in a lurch.
Menzies acquisition secures foothold in Canadian air freight market Vancouver-based GTO Global Logistics acquired by Air Menzies International, providing "an important advantage a major global trading route."
West Coast volumes poised to rip Multi-modal data and channel checks with freight brokers point to a good setup for peak season.
Commentary: Three observations about the adoption of distributed ledger technology in supply chain Distributed Ledger Technology (DLT) and blockchain is becoming more mainstream. Information about a new study of DLT provides details.
Bond agencies lower UPS debt ratings, urging cash flow prudence as pension obligations loom Two bond rating agencies downgrade UPS debt, urging caution in how it allocates free cash flows
Ten things to consider before buying your next Class 8 truck Images: Jim Allen/FreightWaves Deciding to purchase a Class 8 truck is a large and serious investment. Truck drivers often dream about the day they drive...
Celadon announces former Swift head will lead trucking unit turnaround The transformation continues at Celadon Trucking with former Swift Transportation chief taking the helm.
Commentary: What's in a railroad map? As railroads cut less profitable routes, shippers should learn as much as possible about railroads plans for future service.
No major rate swings expected for air cargo amid protests at Hong Kong Airport As protests continue at Hong Kong International Airport (HKIA), the disruption has not caused major delays in air cargo shipments or dramatic increases in rates,...
Yang Ming reports operating profit in second quarter Yang Ming had an operating profit in the second quarter but notes U.S.-China trade conflict has weakened demand for container transportation.
Stormy up north, dangerous heat down south Severe storms in the Northeast, life-threatening heat spreading across the South.
Air cargo stakeholders should be focused on Hong Kong's bigger political picture Ongoing political unrest has taken its toll on business sentiment throughout Hong Kong.
First Freightliner eCascadias readied for customer testing Daimler Trucks is sending the first two eCascadia Class 8 battery electric-powered trucks to fleets in Southern California in late August as part of a...
Prime Air Drone Development Amazon nears U.S. release for Prime Air drone deliveries.
USTR delaying tariffs on phones, laptops from China Some tech goods, including cellphones, laptops and video game consoles, won't be subject to Section 301 tariffs when a new round takes effect September 1.
Gas stations dry up in Portugal amidst trucker strike Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.
Today's Pickup: Kraft taps FourKites' Facility Manager to cut dwell times FourKites has connected the truck to the distribution center with its new Facility Manager solution, providing new levels of visibility into operations.
Phononic reinvents the way cold supply chains work Phononic provides semiconductor chip solutions that help companies replace inefficient and bulky compressors, heat sinks and fans used for cooling and heating products moving in...
Cargo activity at several Texas airports showed significant increases for first half of 2019 In Texas, several major and regional airports posted large increases in air cargo trade for the first six months of 2019. Amarillo International Airport's trade...
Port Report: July imports flat at the Los Angeles-Long Beach gateway But Japan's biggest shipping line looks to restart Long Beach service after summer hiatus.
Massive rise in profit for port operator ICTSI Manila, Philippines-based international container terminal operator, ICTSI (PSE: ICT) has reported a massive increase in profit and a substantial increase in revenues for the first...
Solid results for oil and gas explorer and transporter INPEX Japanese gas explorer, prospector and transporter INPEX (JPX: 1605), which is listed on the Tokyo Stock Exchange, announced a solid upswing in revenues, operating income...
Americas bunkers markets reassess August outlook amid pressure North American bunkers markets opened this week under renewed pressure from upstream energy sectors.
Stena Oil to supply IMO 2020-compliant fuel oil in Scandinavia The VLSFO specification parameters include 0.47% sulfur content, 234 CST viscosity and a density of 0.945, it said.
Oil rises as US scales back tariffs, lifting demand outlooks Oil futures settled higher Tuesday as the market re-evaluated demand outlooks.
US crude inventories likely lower as refinery runs remain high Analysts polled by Platts were looking for refinery runs to be unchanged last week at 96.4% of capacity, on average.
Frontline, Golden Ocean Group, Trafigura form bunkering joint venture ahead of IMO 2020 "We believe that marine fuel market disruptions will be brought on by the implementation of IMO 2020 regulations," Dam said.
Freeport LNG terminal could see first tanker arrive within days: cFlow The Mitsui and Kansai Electric Power owned LNG Jurojin listed a captain's destination of US FPO with an estimated arrival of Thursday.
CSA supports study showing heavy fuel oil with scrubbers helps cut CO2 emissions The industry has long realized that there is an energy penalty differential in the production of fuels, Adams said.
August ICE LSGO futures delivery at 2,645 lots The buyers were BP with around 1,650 lots and Shell with around 1,000 lots, sources said.
US Aug middle distillate deliveries to Europe top 1 mil mt: cFlow Market participants expected between 1 million and 1.5 million mt of diesel from the US to land in Europe this month due to a fairly open arbitrage.
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