NTSB to USCG: Act on duck boat safety As part of its ongoing investigation of the fatal July 19, 2018, accident involving a modified WWII DUKW amphibious passenger vessel, the National Transportation Safety Board has issued a Marine Safety Recommendation
Norfolk Naval Shipyard puts exoskeleton suits to work Norfolk Naval Shipyard (NNSY) says it has become a champion in utilizing innovative exoskeleton suit technology. The Robotics Subcommittee (RSC), a section of the NNSY Technology and Innovation Community of Practice (T&I
Bollinger to build ocean transport barge for GD Electric Boat Bollinger Shipyards has been awarded a contract to construct an ocean transport barge for General Dynamics Electric Boat. Bollinger President & CEO Ben Bordelon said that the barge will transport submarine modules
Italian-owned OSV hit by pirate attack in southern GoM Two crew members of an Italian flagged OSV were injured in a pirate attack in the southern Gulf of Mexico, Tuesday, according to multiple media reports citing Mexican Navy statements. One crew
USCG gives update on BWMS type approval program In a post on its Maritime Commons blog, the U.S. Coast Guard yesterday gave an update on its Ballast Water Management System type approval program, and guidance on several specific issues on
New, "future-proof" MAN engine controller platform passes TAT MAN Energy Solutions' electronic "ME" engine portfolio has reached another milestone: its Triton platform has passed its TAT (Type Approval Test) in Japan. "Triton is the new controller platform for our entire,
Ingalls starts construction of NSC 10 Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division yesterday officially started fabrication of the U.S. Coast Guard's newest Legend-class national security cutter (NSC) Calhoun (WMSL 759). The start of fabrication signifies that
Moore Maritime Index introduced by global network Ship operating costs tool seen as a replacement for OpCosts tool now maintained by rival BDO network, but takes 'completely...
D'Amico bullish on product tankers amid lower loss The company reported that cost efficiencies helped the bottom line
More work needed before a carbon levy, says Platten ICS chief Guy Platten hopes that by mid-2020 the 0.5% sulphur cap will be smoothly implemented
Hapag-Lloyd names new chief financial officer Mark Frese will take up the CFO role at the German container shipping line next March
International Group moves to boost competition The development appears to come in response to occasional suggestions that the IG acts as a de facto cartel, even...
Global oil and LNG trades 'transformed' by moving supply and demand geography The International Energy Agency forecasts the demand from Asia is expected to create the biggest shift in oil and gas...
MISC forecasts optimism for LNG shipping market MISC believes a surge in spot rates in the LNG shipping segment has raised expectations for a run-up to a...
Skuld seeks 'firmer' renewal pricing as combined ratio hits 114% 'After benign premium movements over a number of years, current premium rates are not sustainable and do not adequately support...
Transpacific box trade heading for first contraction in a decade Port throughput and trade figures indicate no frontloading boost for carriers in 2019
Daily Briefing Free to read: Main shipping lobbies edging closer to mandatory R&D fund | Rosneft grapples with unsold Venezuelan crude as exports...
Indian Oil starts sales of 0.5% sulphur content fuel oil in India Bunker fuel deliveries at other Indian ports will start by mid-November, the refiner said
Thailand to open up bids for first FSRU The 5m tonnes per annum project is expected to be tendered out by the first quarter of 2020 and sent...
RCL takes third-quarter hit on plunging freight rates The intra-Asia trade's strong potential for growth has attracted new players and intensified competition. The downside of this competition is...
ADNOC signs LNG deals with BP and Total Abu Dhabi used to export most of its LNG to one single utility in Japan. It is now seeking new...
Economou: 'We're all glorified taxi drivers' One of shipping's most famous Greek owners is not sure he'd counsel the young to enter the sector.
Arntzen and Bugbee mix it up in New York brawl Executives trade jabs on approach to capitalising and running companies as finance conference heats up in Manhatttan.
Poseidon Principles could be good marketing for banks The Poseidon Principles promise to make shipping greener - but it could also be great marketing for the participating banks. BNP commits to Poseidon code, Japan's banks remain on sidelines Parker forecasts bank stampede to sign up to 'green' Poseidon Principles By next year, the 12 member banks could be using principles data to trumpet how environmentally friendly they are to a market increasin
Bulker owners 'comfortable' with expected 2020 fuel price spread Dry bulk shipowners who have spent big money on exhaust gas scrubbers are happy with the forecasted price difference between IMO 2020 compliant and non-compliant fuels. The forward market expects a $236 per tonne average cost spread for 2020 between very low-sulphur and high-sulphur fuel oils, six weeks before IMO limit ship exhaust's sulphur content to 0.5%. Dry bulk's summer of love may be ove
The ins and outs at Maersk: Three years of executive changes Starting with the departure of chief executive Nils Andersen, strategic shift at Danish shipping giant has also seen several major executive moves
d'Amico eyes sales of older MRs after narrowing third-quarter losses Company executives are as bullish as ever as spot rates are moving higher with IMO 2020 about to come into force
Allianz shuttering underwriting centres in US and Asia Allianz Global and Corporate Specialty (AGCS) will no longer underwrite hull and marine liability insurance in North American and Asia. The German insurance giant announced Wednesday that it will consolidate domestic and international marine underwriting in London, Paris and Hamburg to improve profitability and "consolidate expertise at the scale that is needed to service customers effectively."
Diamond S fails to sparkle on MR disappointments Craig Stevenson-led owner reports better suezmax rates for current quarter after earnings miss.
Dutch salvor brought in to refloat grounded Indian tanker Marine Masters awarded contract to salvage stricken Elektrans vessel
Global Ship Lease plans senior notes refinancing The boxship lessor has not wasted any time in kicking off its fundraising after filing a $500m shelf registration three weeks ago
Industry group raises concerns over VLCC designs IMO called on to reassess newbuilding efficiency regulations for largest class of tankers
Yangzijiang confirms 11 orders worth $487m in second half of 2019 Chinese shipbuilder says bulker deals take orderbook to $3.18bn
JL Mowinckels buys stake in Japanese-built supramax Norwegian shipowner becomes commercial manager with large minority stake
Finland's Gasum buys Linde's LNG assets as it expands business Company snaps up liquefaction plant, two terminals and a pair of LNG bunker vessels
'Moderate' threat to vessels as Mexican cartels vie for control Dryad Global reveals background to shocking attack on Italian PSV this week
Seabury Maritime and Lloyd's Register team up on finance advice Seabury Maritime and Lloyd's Register (LR) are joining forces to provide financial risk assessments for owners. The US advisory firm and the UK classification society said they had formed a strategic partnership to look at operating and capital expenses. The partners will leverage their global capabilities, "vast market knowledge", and extensive networks to build a platform to help shipowners an
VLCC market cools down as futures and period rates slide While earnings prospects will remain strong in the months ahead, a supply overhang and slower oil demand are worrying for tanker players
Hyundai Heavy tries for EU approval of DSME merger South Korean shipbuilder has now set in train all competition reviews of $1.7bn deal
Massoel bulker goes to Greek buyer as sell-off continues Two of the Swiss owner's vessels were detained in the UK last month for non-payment of crew wages.
Total limbers up to launch hunt for LNG carriers in early 2020 French energy major Total is expected to come to the market early next year for LNG carrier tonnage as it lines up the vessels it needs for its expanding portfolio. Shipowners and yards appear to be aware of the incoming enquiry, although the number of vessels the major is expected to seek remains unclear. But Total is known to have been working on a project with yards to draw up specifications
Gunvor hires underemployed Russian LNG carrier Portovvy Trader Gunvor has fixed an LNG carrier that has been converted into a floating storage unit for a delayed midscale liquefaction project in Russia. Gunvor is understood to have taken on the 138,107-cbm Portovvy (ex-Excel, built 2003) for several months. Ice-belted FSU shifts off to Sharjah as project delays lengthen The vessel, which has been converted to serve as an ice-strengthened FSU for Gaz
China Merchants Energy set to award VLCC deal to DSIC State-owned shipyard and China Merchants Energy Shipping sign letter of intent, sources say
Tsakos Energy Navigation keeps silence amid spectre of punishing Sola TS master But could Norway's district courts be set to weigh criminal penalties against seafarers once again, following a high-profile accident involving a Norwegian frigate?
Pacific Radiance liquidates joint venture after legal losses Shareholders decide to wind up CA Offshore Investment after row over PSV newbuilding cancellations.
London Club joins rush to increase premiums P&I mutual to ask members for 7.5% more at renewal
Soren Toft confirms new CEO role after leaving Maersk Departed COO is reluctant to reveal new employer yet however
Hapag-Lloyd finds successor to Nicolas Burr as CFO Mark Frese brought in to replace outgoing finance chief from 1 March
Peninsula Petroleum adds seven tankers for IMO 2020 push Global bunker group acquires and charters in vessels including a panamax as it ramps up LSFO supply
Shipowners submit offers to Shell on LNG carrier newbuildings Energy major storms forward on its next set of vessels after locking away berth slots
Greeks to the rescue at Amver awards Laskaridis among local shipping companies recognised in Piraeus for saving seafarers
Pierre Dincq steps down at Exmar after 32 years Well-known face at Belgium shipowner says he is moving on to a life outside gas
Avenir LNG fixes second newbuilding to Golar Power Small-scale specialist wraps up deal to an arm of one of its parent founders
Greek police finally net fugitive financier Laimos in Athens Former head of Financier Investment Group finally seized after a decade on the run
Essar Shipping to fit scrubbers on VLCC and bulkers Indian owner says approach to IMO 2020 is a mix of retrofitting and LSFO
Eurotankers linked to Phoenix VLCC after Hermes deal failed Greek owner said to have added its second VLCC at firm price
International Group loosens rules on competition Controversial competition pact between clubs has been reformed
TechnipFMC takes $125m hit after selling cable-layer French contractor expects to deliver Global 1201 in December
Scottish ro-pax breaks down a day after refit A Scottish ro-pax has broken down on its first day back in service after a refit. CalMac's 8,700-gt Loch Seaforth (built 2014) was stuck in Stornoway with engine problems, the Scottish Daily Mail reported. The $54m vessel had just spent two weeks in drydock on Merseyside. It had also broken down last year, leaving 343 passengers and crew stranded, the report said. A CalMac spokesman told the n
Sembcorp Marine posts $52.5m loss in third quarter Singapore yard group continues to be impacted by sector challenges and intense competition
Impairments and weaker revenues trim MISC profit Malaysian tanker and LNG owner hurt by series of one-offs in third quarter
'Lack of transparency' stops Greek owners winning Japan loans Japan has no shortage of capital to lend, but lacks confidence in corporate structures, especially in Greece
Affinity: LNG not perfect, but it's the best future fuel option Broker continues to back gas as it is "the greenest large-scale shipping solution" currently available
BNP commits to Poseidon code, Japan's banks remain on sidelines French bank says it will offer loan discounts to shipowners borrowing for projects that cut carbon
Thieves target product tanker in Singapore Strait Attempted boarding is fourth such incident in a month in Traffic Separation Scheme.
Korea P&I calls for collaboration to stem losses and drive safety Chief operating officer says all insurers should put safety before competitive advantage and pool data, skills and resources
Mats Berglund bucks trend in asset-light world of handies Head of the largest handysize owner says pure chartering strategy fails to deliver in charter intensive segment
Freight forwarder Airspace Technologies relies on round-the-clock machine learning Rusnak conducted the most substantive machine learning in logistics presentation this writer has seen,
Southwest Airlines to begin bar coding cargo in 2020 Shippers will have more reason to "luv" Southwest Airlines when they get the same treatment as passenger baggage for tracking cargo with bar codes.
Singapore Shipping sees slide in revenues and profits Revenues were down, costs were flat, profits were down. It was largely an unhappy first half financial year for Singapore Shipping.
Rapid Fire Demos: Front-to-back-of-the-truck digitalization Digitalization has taken hold across every aspect of the trucking industry, from the back office and receiving dock, to the drivers, trucks and trailers, making...
Study finds $25.7 billion in US hospital supply chain overspending Hospital supply chains overspent to the tune of $25.7 billion in the 2018-2019, study finds
Revenues plunge but profits surge for Pan Ocean Pan Ocean, a mixed-fleet ocean shipping carrier, reported a double-digit revenue decline but experienced a double digit surge in profits in the third quarter of...
'On the Spot' live from Chicago: Are brokers willing to adjust their prices? FreightWaves CEO Craig Fuller joins the 'On the Spot' crew at FreightWaves Live in Chicago to deliver the weekly freight rates report.
Redwood Logistics takes next step in digital transformation The Chicago-based 3PL and TMS provider has launched a consulting service to help companies integrate its RedwoodConnect 2.0, and added two senior executives to promote...
Record Veterans Day snowfall sends Midwest traffic to screeching halt Hundreds of flight cancellations, multiple highway accidents in Midwest as record-setting snowfall makes mess of Veterans Day.
Selling outcomes rather than features propels Transplace (with video) Frank McGuigan, CEO of Transplace, in a wide-ranging discussion at FreightWaves LIVE Chicago, detailed Transplace's current status, market conditions, and how technology is driving an...
Where's my truck, and what's the value of that information? (with video) Vehicle and shipment tracking has undergone a revolution since the days of check calls, but more value needs to be provided to carriers to take...
Logistics companies can embrace automation while bypassing the hype cycle The tech uproar created a prime environment for startups to enter the space, providing innovative products and disrupting the status quo.
Amazon bars use of USPS delivery service for some seller-fulfilled goods Amazon bars Priority Mail traffic for seller-fulfilled shipments unless merchants buy the postage through it
Yang Ming reports lower revenue, larger loss in third quarter Yang Ming Marine Transport Corp. (TWSE:2609) said it had lower revenue and a larger loss in the third quarter of 2019 than in the same...
Freight Futures daily curve: 11/13 Trucking Freight Futures remain quiet on Tuesday as the markets look for fundamental drivers
Surface Transportation Board gets an earful The regulatory agency for rail receives a flurry of feedback on rail rate reasonableness and demurrage and accessorial charges.
Hapag-Lloyd adds sixth ship to transatlantic U.S.-flag service Hapag-Lloyd says addition of a sixth ship to one of its U.S.-flag transatlantic services will improve reliability.
Brake violations decline during latest inspection blitz 13.5% of trucks inspected in U.S., Canada placed out of service.
Schneider Transportation Management focuses in on driver experience In an industry in which every minute counts, all players can see big returns when one member of the supply chain integrates innovative technologies and...
Digital disruption will speed up supply chains, says J.B. Hunt's Simpson (with video) CHICAGO - The technology transformation that's underway in freight transportation is badly needed to eliminate billions of dollars in annual waste and improve service for...
Lake-effect snow still slamming the Midwest Another foot of lake-effect snowfall possible in parts of the Midwest. Icy spots, too, from Montana to Maine.
How Jordan Belfort finally figured out his 'why' (with video) Lean Tech brought the Wolf of Wall Street to FreightWaves LIVE.
Krispy Kreme delivery man given Sprinter van at FreightWaves LIVE FreightWaves donates new Daimler Freightliner Sprinter delivery vehicle to Jayson Gonzalez so he can continue his successful donut delivery venture in Minnesota.
Today's Pickup: Got (no) milk: Dairy giant Dean Foods files for bankruptcy Plus: Amazon takes a hit in Seattle; the first all-electric mobile health lab
J.B. Hunt's Shipper 360 offers customers multimodal visibility, predictive pricing Hunt thinks that an additional 7 to 11 million loads per year could shift from the highway to intermodal.
Amazon named FreightTech 25 champion two years running (with video) This year's list includes 16 returning winners from last year's awards and nine first-timers.
Tesla finally settles on Berlin for its next Gigafactory In a recent auto awards function in Germany, Elon Musk outlined Tesla's plans of setting up its fourth Gigafactory in Berlin.
First in a decade: Trans-Pacific box trade to contract this year Maersk, MSC, Hapag-Lloyd and COSCO will be the main market share "losers", says Alphaliner.
$400 million funding round values Convoy at $2.75 billion Founded by Dan Lewis, CEO, and Grant Goodale, CTO, in 2015, Convoy has closed a $400 million Series D round of funding, bringing total funding...
Airfreight prices climb, but for how long? Although air freight prices have been edging upwards, sources suggest the 2019 peak season might be short-lived.
Shadow of Brexit fuels Dutch warehouse logistics boom Brexit-driven scramble for supply chain properties continues as Tristan plans $165 million investment in Dutch logistics platform.
ICE LSGO backwardation collapses on weak fundamentals The prompt backwardation in the ICE low-sulfur gasoil futures narrowed sharply Tuesday, while overall sentiment felt softer amid doubts about the extent of the boost to middle distillates from the implementation of IMO 2020 on January 1.
380 CST bunker prices slump in China, Hong Kong ahead of IMO 2020 The Shanghai and Hong Kong delivered 380 CST bunker fuel price hit fresh lows Tuesday, amid continued destocking of the high sulfur grade ahead of the International Maritime Organization's low sulfur marine fuels mandate in January.
SINGAPORE DATA: Oct bunker fuel sales fall 9% to 3.77 mil mt Singapore's bunker fuel sales in October fell 9% year on year to 3.77 million mt, Maritime and Port Authority of Singapore data released Wednesday showed.
Strong demand keeps 0.5%S FO cracks at premium to gasoline The growing attraction of 0.5% sulfur fuel oil production is causing refiners to reduce run rates at fluid catalytic cracking units, one refiner said.
Key oil market forecasts from the IEA's 2019 World Energy Outlook The International Energy Agency published its latest World Energy Outlook on Wednesday, containing closely-watched, long-term forecasts for energy supply and demand to 2040.
FUTURES 5: Crude settles slightly higher on signs of economic strength Crude futures settled higher Wednesday bolstered by projections of economic expansion in the US and slowing output growth.
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