Shell Ventures takes a stake in Corvus Energy Corvus Energy reports that it has finalized an investment deal with Shell Ventures. The investment is a step towards Shell's ambition to decrease the carbon footprint of the energy products it sells
Yangzijiang Chairman absent "assisting in confidential PRC investigation" Shares in Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd fell 17.3% on the Singapore stock exchange today after the company revealed in a filing that its Executive Chairman and controlling shareholder Ren Yuanlin
Neste to launch IMO 2020 compliant fuel Finnish oil refiner Neste says that it is to start offering a new IMO 2020-compliant marine fuel. Neste Marine 0.5, containing 0.5% sulfur, will be introduced to the market during fourth quarter
Coast Guard proposes requirement changes to PIC of fuel transfers The U.S. Coast Guard is proposing to amend the requirements regulating personnel permitted to serve as a person in charge (PIC) of fuel oil transfers on an inspected vessel by adding the
Digital tank gauging helps address BWTS approvals under IMO convention amendments New amendments to the IMO Ballast Water Management Convention are due to come into force in October this year. Compliance with the BWM convention requires that water treatment systems be fitted to
Carnival is first cruise line to receive Blue Angel award Carnival Corporation & plc., the world's largest leisure travel company, recently announced that AIDAnova from its popular German brand AIDACruises is the first-ever cruise ship to be awarded the prestigious Blue Angel
Port of Everett Commission names its first female CEO in 100-year history The Port of Everett (Wash.) Commission on August 13 voted 3-0 to approve a contract naming the port's Deputy Executive Director Lisa Lefeber the next CEO, effectiveOctober 16. Lefeber is the first
Port of Hamburg sees strong growth in first half of 2019 Germany's largest universal port remains on a growth course, achieving a distinct 4.1% advance to 69.4 million tons in seaborne cargo handling in the first half of 2019. Especially good growth trend
Torm expects tanker boost to come within weeks The company's exposure to the Middle East is limited to about 12%, in line with clean petroleum product trades through...
Gibraltar orders release of Iranian tanker UPDATED: Court rules that Grace 1 tanker seized last month is free to leave, however no movement on detention of...
Neste introduces IMO-compliant low-sulphur fuel The Finnish refiner will begin supplying the residual marine fuel oil 0.5% fuel during the fourth quarter of 2019
Maersk chief says trade war threatens global growth Consumer spending and changing trade patterns are protecting Maersk from the full impact of the trade war, but recession threats...
Norden feels the heat from Trump's trade war, Brexit and IMO 2020 The company has signed two long-term charters for the transportation of wood pellets and coal
OSV firms buoyed by Middle East business The oversupply situation within the OSV sector continues to pose challenges for service providers as charter rates remain depressed amid...
Golden Ocean sees 'dramatic' recovery in dry bulk rates Golden Ocean has exercised options for four more scrubbers, taking the total to 23 on its capesize vessels
Daily Briefing Shipping and Brexit: Johnson's prosecco politics lacks sparkle | Epic urges LPG discipline, Capital orders LNG | Yard outlook toughens...
Nam Cheong returns to profit on chartering income Nam Cheong jumped into the chartering market, expanding its fleet to 34 vessels at the end of June and achieved...
Viewpoint: The happy seafarer A new index measuring the happiness of seafarers is a welcome innovation, even if happiness is a relative yardstick
Maersk boosts bottom line with improved unit costs Carrier warns that trade tensions and macro-economic conditions could see volumes grow at the lower end of expectations this year
Soyabean trade weakness persists Clarksons expects no growth this year in soyabean trade, with a 4% rise predicted in 2020
Thoresen Thai posts lower second-quarter profit The company expects the Baltic Dry Index to continue its upward trend for the remaining quarters of the year
Finalists announced for Lloyd's List Americas Awards Judges shortlist finalists from North and South America and the Caribbean for the Lloyd's List Americas Awards and Future Fuels...
Managing the broad scope of war risk War risks can range across several different covers and both shipowners and underwriters need to ensure they are not unwittingly...
Gibraltar trumpets Grace 1 detention as sanctions enforcement The arrest was "the most successful implementation" of EU sanctions, Gibraltar's Picardo said
Eagle Bulk moves European office to Copenhagen Eagle Bulk Shipping has moved its European office from Hamburg to Copenhagen to take advantage of the city's focus on maritime. Mathias Groenvald, a shipping executive, will lead the new location. "Given its significant concentration of drybulk activity, we believe that Copenhagen is the ideal location for our European commercial operations," chief executive Gary Vogel said in a statement. Eagl
Grace 1 release fuels hope for Stena Bulk The release of the Grace 1 is fueling hope the UK-flagged Stena Impero will soon be freed. The 50,000-dwt Stena Impero (built 2018) was seized 19 July by Iran, in suspected retaliation for the UK arresting the 300,000-dwt Grace 1 (built 1997) in Gibraltar 4 July. The Grace 1 was freed by a Gibraltar court Thursday. US bids to arrest Grace 1 amid continued Iran tension Stena Bulk lobbies govern
Huangpu Wenchong dives into gas sector with TSM order Second newbuilding contract for Chinese owner this year
Hansa Tankers chem-tank pool swells with 10-ship boost Company has added 10 chemical tankers, all fitted with scrubbers, from Songa and TRF
Baltic Exchange Dry Index hits 2000 twice in one month The dry bulk meter hit 2011 on 16 July, marking the first return to that level since December 2013.
Concordia Maritime loss narrows in second quarter The Swedish tanker owner is looking ahead to a stronger market and has rejigged its contract coverage.
Chembulk Tankers takes ship to court with arrest order An arrest warrant has been issued for an Interunity Management-controlled ship in a charter dispute with Chembulk Tankers. Connecticut company Chembulk filed a $2m lawsuit last week in a federal court in Baton Rouge, Louisiana, looking to arrest the 26,198-dwt Chem Ranger (built 2010). In addition to targeting the ship, the lawsuit focuses on registered owner Lantern Maritime as the defendant. O
Maersk Line ramps up charters ahead of 2020 But chief executive Soren Skou sees slowing down ships and fine-tuning its network figure key to reducing fuel bill.
JL Mowinckels Rederi sells last fully owned ship Norwegian company says it has no plans to exit shipowning as it eyes tanker and bulker investments
Arkon touts cost savings of LNG as fuel for boxships German outfit touts savings of LNG as fuel, but calls for subsidies to cover further conversion costs of $9.4m per ship
Baltic Exchange looks to expand number of LNG panellists Big turnout for first engagement meetings with industry in London and Singapore
New Fortress Energy eyes FSRU for next Angola job Wes Edens-led company expects to put its Puerto Rico import project into operation by year-end
Fujian Ocean affiliate takes ING to court in OW fallout Zheng Yao Shipping Group seeks $1m after its ship was arrested and held up in 2016
HMM culls standalone small-ship Asia-Europe loop Decision comes ahead of South Korean owner's plan to join THE Alliance
Neste to offer 2020 compliant fuel in fourth quarter Refiner has yet to reveal supply points and technical specifications
Oaktree's dry bulk buys reflect 'patience' with shipping Shipping's largest private equity investor has built stakes in Eagle Bulk Shipping and Star Bulk Carriers while staying the course in product and chemical tonnage
Torm seals sale and leaseback deals for six vessels The owner had a profitable second quarter, despite refineries undergoing an unusually long period of maintenance.
Tightening boxship market benefits owners of smaller tonnage Rally for bigger containerships is beginning to filter down to sub-panamax arena
Gibraltar court allows release of Grace 1 The Grace 1 will sail, despite US objections
LNG market braces for fallout from Qatari LNG ship play Qatar's huge LNG shipping requirement is already unsettling a largely upbeat sector after the Middle East Gulf state unveiled the extent of its ambitions in the first quarter of this year. Details of Qatargas' bumper LNG tender start to emerge Those following the business said there are rumours spinning around about the likely extent, type and timing of the upcoming orders, which are adding som
Okeanis Eco Tankers slides into the red in weak market Company fleet growth ratchets up with fourth VLCC newbuilding delivery as suezmax go in for scrubber-fitting
Golden Ocean swells dividend despite loss on derivatives bet John Fredriksen-backed shipowner quadruples payout to shareholders as earnings beat expectations
AP Moller-Maersk profit beats forecasts as freight rates rise Profit beats expectations but 'considerable uncertainties' lay ahead
Sinokor sale of boxship trio for scrapping collapses Cash buyer declines request to extend after seller misses cancelling date
APL sells third German-built boxship for recycling APL Singapore arrives at Alang anchorage for beaching in next few days
Qatar makes first call on owners for its huge haul of LNG carriers Middle Eastern gas-producing giant Qatargas sets out a schedule for what ranks as one of the world's largest newbuilding projects
Eastern Pacific enters large size segment with Neu Gas trio Purchase gives Singapore-based group larger LPG tonnage
Epic Gas seeks to avoid expensive steel trap in recovering market Charles Maltby keeps expansion in mind but profit tops his wish list
Yangzijiang Shipbuilding resumes trading on SGX Investors dump shares as the Dow plummets and the yard's chairman takes leave.
NYK's OLIVE looks to improve work-lifestyle balance Japanese owner invites employee's kids into Tokyo HQ in bid to change long-held working behaviour
Waterfront says methanol is proven, future-proof fuel Canadian tanker owner poised to receive world's eighth and ninth methanol-fuelled ships
AVIC Maritime sees profit slide on weak newbuilding market Marine and offshore solution provider completes AVIC Zhenjiang Shipyard disposal
Yang Ming slashes the red ink in the second quarter Fleet optimization helps improve finances, but Taiwan owner says supply is set to outpace demand
Hyundai Merchant Marine trims Q2 losses South Korea's largest shipowner sees improved second quarter, but warns of difficulties ahead
Vancouver's record mid-year report can't hide trade turbulence Canada's largest port saw increases in tonnage and containers during the first half of 2019, but individual cargo types painted a more complicated picture.
Navistar cuts medium-duty truck production in Ohio Navistar is the first to slow production lines for new trucks. It is targeting medium-duty units because inventories are up 30 percent year over year.
Driver productivity and freight capacity in hours of service spotlight Experts say revisions could help fix long-term market inefficiencies.
Cass predicts economic contraction after eighth consecutive month of shipping declines The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.
International competition and trade uncertainty weigh on U.S. rail volumes for grain Competition from other grain-producing countries weigh on U.S. grain exports - and on U.S. rail volumes for grain.
Sehestedt joins FreightWaves as vice president of Association and University Development Will Sehestedt will focus on building relationships on behalf of FreightWaves with associations and universities.
Walmart spurs optimism with strong second quarter earnings As the world's largest retailer, the company is often seen as a bellwether for the overall retail landscape.
UPS buys stake in self-driving outfit TuSimple It is the first time a transportation and logistics provider has invested in an autonomous trucking company.
Trucker's dash-cam video gets driver fired Canadian Larry Ash welcomes carrier's dismissal of fellow trucker he recorded making a dangerous pass in British Columbia.
Avianca sees another loss during restructuring Avianca continues to dispose of aircraft during its financial restructuring.
Six drone delivery use cases and lessons for companies to use Drones may be one of the key answers to last-mile delivery. Read about how drones are being used around the world.
IMO 2020 could spark more shipping tie-ups with fuel sellers Golden Ocean could be a trendsetter, buying a stake in a marine-fuel operation to offset IMO 2020 price and availability risks.
North American rail volumes continue downward trend Year-to-date North American rail volumes fell 2.3 percent last week. But what about for the rest of the year?
Mixed signs from the economy as sales climb, industrial output declines Retail remains a rare source of strength in the economy while manufacturing struggles
There's an app for that: Providing driver value alongside freight visibility Introducing an app-based visibility solution could be the answer to shoddy tracking updates.
More sizzle in the Southwest, severe storms in Plains (forecast video) Temperatures cracking 115° out west, storms and flooding elsewhere.
Don Daseke steps down as company's restructuring continues Don Daseke steps down as Chairman of the Board and Chief Executive Officer as the restructuring continues.
U.K.'s Aspray Transport shutting doors after defaulting on £1.9 million debt The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit...
Maersk: Impact from US-China trade spat 'quite manageable' The CEO of Maersk says the impact from the U.S.-China tariffs and trade tensions on global trade has been quite manageable."
Port Report: East Coast notches first-half growth for box imports West Coast sees slower import volumes as service changes and market downturn take toll.
Today's Pickup: Workers are more concerned of people replacing them than robots Workers scared of people replacing them than robots; oil markets face nightmarish scenario; German economy is slumping
Mexican officials: wait times at Otay Mesa Port of Entry up to five hours Truck wait times on the Mexican side of the Otay Mesa port of entry have jumped as the inspection process lengthens, leaving trucks backed up...
Truck drivers generally pan proposed revisions to hours-of-service rules Reaction is mixed among stakeholders to hours-of-service rule changes proposed by the Federal Motor Carrier Safety Administration.
Box-ship giant Maersk reports huge rise in second quarter profit Earlier today in Europe, Danish shipping giant A.P. Moller-Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings...
Electric marine craft will revolutionize coastal operations but not long-haul shipping News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets...
Oil slide extends amid trade war concerns, stronger dollar Oil futures settled lower Thursday amid a stronger US dollar and lingering macroeconomic growth concerns.
Ecuador bunkers supply tight, prices see pressure from refinery maintenance Availability of spot IFO 380 volumes has been talked tight in Ecuador this week amid unplanned refinery maintenance.
IMO 2020 preparations and its impacts on US exports Ahead of IMO 2020, shipowners are increasingly taking ships off the water for scrubber installations.
US moves to seize Iranian oil tanker held in Gibraltar
Logistics giant Maersk reports 7.5% drop in fuel use on efficiency gains The company's Ocean division consumed a total of 2.777 million mt of bunker fuel in Q2, down from 3.002 million mt a year earlier.
Finnish refiner Neste launches 0.5% sulfur bunker fuel ahead of IMO 2020 Finnish refiner Neste is launching its own brand of 0.5% sulfur bunker fuel.
Denmark's Torm sees IMO 2020 boosting product tankers Danish refined oil products tanker group Torm said Thursday it was well positioned to take advantage of IMO 2020.
External: Global Risk Management
Kinder Morgan bulks up Houston Ship Channel refined product and NGL facilities Kinder Morgan's Pasadena facility will get the lion's share of the announced project spending.
Chinese oil traders shun US crude as trade row deepens Chinese buyers were unsure if Beijing would still back purchase commitments amid this fracas.
First Europe-bound WTI cargo in Platts MOC sets sail from USGC The ship is currently about 200 miles north of Mexico's Yucatan Peninsula.
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