DHS cuts hurricane-hit Eastern Shipbuilding a break on OPC time deadlines The Department of Homeland Security easing the time deadlines in Eastern Shipbuilding's Offshore Patrol Cutter contract. The Department issued the following statement today. The Department of Homeland Security, after extensive analysis by
Robert Allan designs two river service fireboats for Bangladesh The Khulna Shipyard in Bangladesh is building two Robert Allan Ltd. designed fireboats. They are under construction for the Bangladesh Navy, which uses the old-style term "fire floats" to describe them. There
Hyundai Heavy EcoBallast BWMS gets U.S. Type Approval The Coast Guard Marine Safety Center has issued a Ballast Water Management System Type Approval Certificate to Hyundai Heavy Industries Co., Ltd., after a detailed review of the manufacturer's type approval application
Private equity investor takes majority stake in Foreship Finnish private equity investor Vaaka Partners has become the majority shareholder in Helsinki headquartered ship design and engineering specialist Foreship Ltd. Employing more than 100 naval architects and marine engineers, Foreship is
Wärtsilä wins two battery hybrid OSV upgrade contracts Norwegian offshore service vessel operator Atlantic Offshore has contracted Wärtsilä to engineer, supply, and install complete battery hybrid packages in two of its supply vessels. The upgrade project will be carried out
Iran suspects NITC tanker was struck by two missiles Iranian state-controlled media outlet PressTV reports that "two separate explosions, possibly caused by missile attacks, have hit an Iranian oil tanker operated by the National Iranian Tanker Company (NITC) near the Saudi
Why smart ports will be a game-changer for shipping Join two panels of experts at the Lloyd's List Smart Ports Forum, to be held in Dubai on November 20...
The Shipping Outlook: 2020 and beyond Lloyd's List's annual industry outlook event will gather the sharpest minds in the business to offer the inside track on...
How to innovate in shipping Join Lloyd's List during Hong Kong Maritime Week on 20 November to discuss the dynamic digital trends shaping shipping from...
UK signs Brexit freight capacity contracts worth $109m Up to £86m ($109m) of UK taxpayer cash will be used to fund a set of contracts handed out to...
CMA CGM makes formal offer for CEVA shares New strategic plan is expected to raise CEVA's revenue to $9bn as two companies realise economies of scale and reduced...
Korean Register launches drone surveys Working use comes after pilot project was completed with the University of Gyeongnam Geochang
How to plan for a future in flux Join Lloyd's List in Singapore on 17 October for an expert analysis of the future trade trends shaping shipping markets...
VLCC spot charter breaks $300,000 level on market disruption Euronav and Frontline are among those raking in huge charter contracts as sanctions and security issues hit market
China ramps up cement imports The move by China to source cement from Vietnam could have a double boost for dry bulk, as Vietnam would...
Ballast water focus must shift from equipment to compliance, workshop hears Workshop participants agreed that progress in ballast water treatment was being held back by an attempt to attain absolute elimination...
The Interview: Vincent Power The newly elected chairman of the European Maritime Law Organisation hopes to broaden the scope of interest beyond competition law...
Italy must integrate port reform and maritime governance Italy's maritime economy lacks the central oversight and organisation that benefit other European governments
Questions remain over carriers' ability to pass on 2020 sulphur costs Leading freight forwarder Kuehne + Nagel is extremely cautious about securing long-term contracts into 2020 against a backdrop of high...
Ocean freight peak season fails to materialise Carriers have little to look forward to on the transpacific trade as shippers look elsewhere
The Lloyd's List Podcast: Containers, shipmanagement and the casualty code In this week's review of the stories shaping shipping, our containers kingpins James Baker and Linton Nightingale discuss the peak...
Holyhead 'unprepared for no-deal Brexit' Holyhead port, a major link in the UK landbridge between Ireland and Europe, is not ready for a no-deal Brexit...
Time to take reefers to the 'next level' Maersk Line's head of global reefer solutions Anne-Sophie Zerlang Karlsen says she is continually lashing out at peers for calling...
Reefer rates on the rise despite softening perishables trade Slower growth in the overall perishables market will become a feature over the next few years
Is IMO 2020 the final nail in the conventional coffin? According to Great White Fleet president Stefano Di Paolo, the era of 'conventional reefer shipping is over'
Daily Briefing Free to read: Unipec joins ExxonMobil embargo on vessels linked to Venezuela | LNG oversupply forcing floating storage, says Poten...
Iranian tanker 'hit by missiles' in suspected terror attack Iran said one of its oil tankers has been hit by missiles near Saudi Arabia's port city of Jeddah, causing...
Supply tightness prompts upgrade on forecast LNG shipping rates A sharp contango is developing and shipping players are now motivated to move ships onto the water as quickly as...
Elba Island fires up LNG export project as first unit starts production Kinder Morgan Natural Gas South Region president Norman Holmes said the new start-up represents an 'important step' as the US...
Port of Los Angeles director calls for end to Sino-US trade war Imports at the nation's major retail container ports are expected to hit their highest level of the year in November...
Regulators must decide if unmanned vessels are 'ships' in legal sense, argues Jacobsson 'Significant work will have to be carried out in adapting maritime law to the requirements of unmanned vessels,' former IOPC...
Virgin Voyages CEO: Cruise sector is 'suffering' from gender imbalance Virgin Voyages is determined to provide the ultimate adults-only cruise experience, but that is not its only goal as a newcomer to the industry. The brainchild of Virgin Group's Sir Richard Branson is also set on bringing more women into a sector that, much like all of maritime, is very male-dominated, chief executive Tom McAlpin said. Virgin Voyages appoints first female Canadian master Global
Eagle on track with ultramax deliveries by IMO 2020 Stamford-based owner now has four of six units acquired in July buy delivered, all fitted with scrubber kits.
SFL starts moving Frontline shares, making $18.2m SFL Corp's Frontline sell-off has begun. According to Securities and Exchange Commission filings after the close Friday, SFL Corp sold off 1.6 million shares in its John Fredriksen-backed sibling in five blocks Thursday and Friday, netting the company $18.2m. Tanker owner Frontline filed papers with the SEC Wednesday disclosing SFL Corp could sell its entire 11 million share position. Friday, a
Silence from US on Iran tanker attack amid plans to send troops to region US official declines to comment on the attack, which could squeeze Iran's oil trade to Syria
Analysts: Geopolitics sweetening a recovering tanker sector With rates shooting up in recent days, at least 10 tanker stocks have hit 52-week highs
Euronav's De Stoop glee at VLCC rate boom revenge over scrubber rivals Tanker giant Euronav has expressed delight at cashing in on booming rates for its large crude tankers while rivals risk missing out as their vessels head to dry-dock for exhaust gas scrubber fitting. The New York and Brussels-listed company today fixed two VLCCs at rates sent skywards on a combination of a longer-term supply squeeze and panic over US sanctions against Chinese tanker owners. Chie
Shipowners 'vigilant' but undeterred after tanker attack in Red Sea Tanker market faces 'perfect storm' says Frontline boss, as owners re-evaluate security plans
Cosco suffers setback in Piraeus boxship port expansion plan Greece approves €611m investments by Chinese company, but additional boxship pier is not among them
Major charterers shun Venezuela-linked tankers Trafigura and four oil majors are said to be avoiding dealings with tankers that called in Venezuela recently amid heightened sanction risks
JSW Group to order another 14 mini-bulkers Indian owner pushing ahead with bid to create 32-strong fleet
Rebekka Herlofsen to leave Wallenius Wilhelmsen Rebekka Herlofsen is making a somewhat surprising departure from her position as CFO of Oslo-listed shipping giant Wallenius Wilhelmsen. Herlofsen came to the company in March 2017 and has been a "key contributor in the extensive merger process and establishment of Wallenius Wilhelmsen ASA," the company said. Female faces forge path for tomorrow's leaders Torvald Klaveness appoints new CFO
VLCC rates smash $300,000 per day after latest Middle East tanker attack Large tankers sailing away from booked scrubber fittings to cash in on red hot, fast moving market
Broker Ifchor eyes growth with new Singapore bulker desk Swiss shop expands in Asia to focus on smaller vessel sizes
BW LNG firms up two newbuilding options at DSME Andreas Sohmen-Pao-led company inches up fleet in red hot market
War risk costs poised to jump as China calls for calm Worries mount over Iranian retaliation following suezmax attack blamed on Saudi Arabia
Green and digital issues top agenda for shipping's rising generation Essay competition reveals ambitions and concerns of industry's young professionals
Oil spilled as Iranian tanker explodes off Jeddah in 'terror attack' Iran says NITC ship hit in apparent missile attack 95km from Saudi Arabian port
Governments need to act as manufacturing slowdown spreads Data even now points to negative signs in the US economy, which had so far been resilient.
Tsakos secures two-year Chevron deal as suezmax rates rise US-listed Tsakos Energy Navigation (TEN) has fixed out a 10-year-old suezmax tanker to oil major Chevron for two years at a strong rate. The 158,000-dwt Pentathlon (built 2009) has been fixed at $29,000 per day, according to European brokers. The charter comes amid rising rates for crude tankers. Clarksons' latest assessment of the rate on a one-year suezmax charter stands at $37,500 per day, up
Zodiac Maritime scores strong rate from Trafigura Trafigura has chartered an LR2 from Zodiac Maritime Agencies at what appears to be a strong rate as the healthy crude tanker market spills over into the product carrier sector. Trafigura clinches upsized $1.5bn finance deal Bonanza $100,000 VLCC rates as Cosco sanctions bite deeper The Dutch commodities trader has fixed the 114,000-dwt tanker Tavistock Square (built 2019) from the UK shipow
Family of missing Bourbon crew launch rescue appeal Fundraising effort and petition hope to maintain interest in looking for missing seven crew
China to 'ask US to end sanctions' on Cosco subsidiaries Move comes as VLCC rates surge to 11-year highs despite return of some Chinese vessels to the market
Pirates targeting bigger ships in Singapore Strait UK security firm says perpetrators' appetite now extends beyond just barges with scrap steel
Bernard Schulte backs Claritecs as digital bunker start-up raises $600,000 Singapore-based firm says latest funds will go towards product development and market roll-out
US shippers relieved by halt to Oct. 15 China tariff increase "Finally, a ray of hope for the U.S.-China trade relationship," said Myron Brilliant, U.S. Chamber of Commerce's head of international affairs.
Breaking News: Boeing separates CEO, chairman roles The Boeing Co.'s [NYSE: BA] board of directors late Friday afternoon replaced Dennis Muilenburg as chairman with independent director David Calhoun, but kept him in...
Amazon poised to 'double down' on in-house truckload program by rolling into power unit purchases Amazon ramps up truckload business by going all-in on power unit investment
Letter Ride LLC, an Amazon delivery partner, cuts almost 900 jobs in Texas and California Letter Ride LLC, a delivery service provider for Amazon, is cutting 423 positions at facilities across Texas. The company is eliminating jobs at its facilities...
Federal appeals court overturns nearly $800,000 award in Werner driver trainee FLSA lawsuit A federal appeals court overturned a nearly $800,000 damage award won by student drivers in a class action lawsuit against Werner after a jury found...
Nascent freight bull market marches on; volumes cool slightly from last week's pace Trucking volumes remain strong
Truckload estimates lower, sentiment higher Earnings estimates continue to be cut by equity analysts, however their outlook for the stocks is positive.
Wow Air expects December relaunch Business plan is murky for reincarnated carrier
Freight Futures daily curve: 10/11 Philadelphia to Chicago futures (VPC) rise on Thursday as market continues to focus on trade flows.
US presses Turkey with threat of economic sanctions The Graham-Van Hollen sanctions bill would cut off Turkey from U.S. military equipment and parts, as well as target foreign support of the country's oil...
Flexport acquires API developer focused on container visibility Freight forwarder Flexport acquired a startup that develops technology for tracking containerized goods. Burlingame, California-based Crux Systems said its technology "informs supply chain planning by...
Historic snowstorm to keep slamming Plains into weekend Up to three feet of snow Friday through Saturday for parts of Dakotas, Minnesota. Fierce winds, blizzard conditions.
Today's Pickup: Ambitious EU project aims to cut carbon emissions from logistics Plus: Safety drivers take center stage; mapping C02 emissions from passenger and freight traffic.
Attack on Iranian tanker stokes blazing VLCC rates VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax tanker.
Rail industry watches whether Alberta will encourage more crude-by-rail Reports have been surfacing that the Alberta government could grant more crude-by-rail contracts.
Checking your data - like checking your oil Accurate data and careful analysis enable fleets to reverse the trend of lower miles between unscheduled repairs.
Port of Los Angeles September volumes lower than in 2018 Port of Los Angeles container volumes dipped in September and its executive director called for a negotiated settlement of the U.S.-China trade ware.
Medical marijuana company to audit supply chain for importing Canadian cannabis into Germany Medical marijuana firm AMP will be pursuing a European Union Good Manufacturing Procedure (EU-GMP) audit to ensure quality and integrity of its pharma goods from...
Oil prices surge higher, then pull back, on news of Iranian tanker explosions The first news led to a spike that pulled back. But prices were higher as the U.S. trading day began.
FreightWaves Radio preview: Martinez' departure; the pricing power index What's next at FMCSA after Ray Martinez departs? Tune in to FW Radio.
Commentary: the demise of the freight brokerage Larger shippers must think beyond the short-term peaks and valleys.
Eddie Leshin returns to freight as CEO of Anthym Logistics The Backhaulers, Robinson, and Coyote veteran is back to build a brokerage on his own terms.
Explained: How and why Brexit will reshape Europe's logistics landscape Renowned logistics analyst explains how Brexit will impact cargo flows, liner shipping calls and European supply chain planning.
Japan starts 0.5% sulfur bunker fuel oil supply ahead of IMO mandate Low sulfur IMO 2020 compliant fuels are now available at 14 out of the 22 refineries in Japan.
Bunkering operations in Tokyo Bay, Nagoya halted as typhoon Hagibis approaches Bunker deliveries will be delayed during this period and are expected to resume from October 15, traders said.
Singapore middle distillate stocks fall for third week on regional demand, arbitrage Singapore's gasoil imports posted a sharp 40.2% week-on-week decline to 192,820 mt over October 3-9.
Istanbulbunker2020 group to adopt BIMCO terms for all deliveries "We added the Istanbul Annex due to special procedures in case of cancellation and untaken orders by buyers," the official said.
Monjasa enters S America 0.5%S bunkers market via first Colombia delivery Going forward, Monjasa will have both VLSFO and MGO 0.1% products available in Colombia, it said.
Gibraltar 0.5% marine fuel rallying versus 0.1% marine gasoil pre-IMO 2020 Many middle distillate traders and analysts expect the implementation of IMO 2020 to boost demand for middle distillates.
VLGC rates near 4-year high amid global moves to diversify LPG supply sources "I think Baltic will go above $80/mt soon; hearing level of last done fixture in the East is over $80/mt," one shipping source said.
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