House Committee asks Elaine Chao for answers fo "troubling questions" Secretary of Transportation Elaine Chao's family ties to New York-headquartered bulk shipping operator Foremost Maritime Group are central to questions being asked in a letter sent her today by Rep. Elijah E.
Carnival names NTSB veteran to head new internal investigation group Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has appointed of Sandra Rowlett as vice president of the company's newly created Incident Analysis Group (IAG). Rowlett, who joins Carnival after a 27
Metal Shark delivers foil-assisted cat Jeanerette, La., headquartered shipbuilder Metal Shark has delivered a new excursion vessel to Southwest Florida tour and charter boat operator Pure Florida. Sea Flight is a custom 40' x 14' welded aluminum
VIDEO: Babcock to build new class of U.K. frigates The U.K. Ministry of Defence has chosen a team led by Babcock International Group PLC as the preferred bidder to deliver the Royal Navy's new class of warships, the T31 general purpose
Is the ferry industry ready for autonomous control solutions? Sadly, "hard" dockings of manned ferries happening too often. Meantime, new battery operated ferries will require repeated docking onto charging stations. Do autonomous or semi-autonomous solutions offer answers to these situations? Speakers
Eagle Bulk takes delivery of two 2015-built SDARI-64s Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NASDAQ: EGLE) has has taken delivery of first two of six Ultramax drybulk vessels that it recently agreed to acquire under two agreements worth a
Balenciaga builds a super silent research vessel A 61 meter ice class trawler being built as a research vessel by the Astilleros Balenciaga S.A. shipyard in Spain will have a complete MAN propulsion package. The vessel is under construction
IUMI looks for 'more positivity' as marine premiums grow 1% 'The hull and cargo markets appear to have bottomed out and we are beginning to see a modest uplift, albeit...
Shipping shakes off short-term Saudi disruption but awaits detail on energy trade outlook A squeeze in long-term supplies is not the issue given well-stocked oil reserves, even with the repair timeline likely to...
2020 sulphur cap complicating bunker effect of Saudi oil output cut Denmark-based supplier Monjasa sees supply for bunker market largely unaffected as Okeanis Eco Tankers expects Singapore bunkering to increase at...
Between Abqaiq and a hard place While immediate attention is being paid to oil price rises, the eventual timing of a restoration of Saudi Arabia's production...
M/Maritime adds two Japanese-built bulkers M/Maritime has now taken delivery of five new bulkers from Japanese builders this year
How to future-proof shipping Attacks on Saudi Arabian oil facilities follow an economic battle between presidents Trump and Xi, climate change, populism and digitalisation:...
Stena Impero to be released by Iran 'in days' Iran claims the British-flagged tanker and 16 seafarers still held will be released once legal proceeding are completed
Cosco Shipping names Feng as ports chairman Cosco Shipping Ports also appointed Zhang Dayu as its managing director
Between the lines: Blank sailing into the void All but three of the major main lane service offerings have suffered from blank sailings since their inception
Cargill and Maersk Tankers to run joint pool The new joint pool will have more than 60 tankers and both companies intend to further increase capacity over time
Aramco pleads for flexibility on crude grades and delivery schedules The drone attacks on Saturday hit output from the Abqaiq crude processing facility and a second plant at the Khurais...
Daily Briefing Free to read: Shipping's future lies beyond Brexit and beyond shipping | The Lloyd's List Podcast: The key takeaways from...
Golden Ocean invests more with Singapore Marine Golden Ocean is adding $9.5m of new equity and extending a shareholder loan of $700,000 to Singapore Marine
IUMI president reports expansion over past year 'The organisation benefits greatly from having a settled headquarters in Hamburg with three members of staff. That means IUMI can...
Asian importers confident of Saudi supply but cast wary eye on outage duration The drone attacks on Saudi Arabia's Abqaiq refinery and the kingdom's second biggest oilfield, Khurais, have resulted in a loss...
Equinor cleans up hurricane-damaged oil terminal in Bahamas 'A response team continues to assess the damage and plan the recovery work,' Equinor said. 'Initial recovery assets have been...
Tanker markets await repair timeline after drone knocks out half of Saudi oil production Abqaiq is the largest oil processing facility in the world and seen as the nerve centre of the Saudi energy...
USCG resumes Golden Ray salvage after storms The US Coast Guard (USCG) has resumed salvage operations for the Golden Ray, a Hyundai Glovis-owned car carrier that capsized in Georgia's St. Simons Sound. The procedure was suspended Sunday as a result of unsafe conditions caused by thunderstorms and heavy riptides. "We currently have approximately 160 local, state, and federal responders here to protect public health and the environment," sai
Marine insurance market contracts Conference hears insurance providers are increasingly pulling out of the marine market as latest figures show rates are not improving
VLCC rates surge on strong fixture activity after Saudi attacks Demand for spot VLCCs increases while VLGC and product tanker rates are little changed
Sembcorp sends FPSO to Brazil's Santos Basin Sembcorp Marine subsidiary Estaleiro Jurong Aracruz (EJA) has finished building an FPSO set for Brazil's Santos Basin. The P-68 newbuild left the EJA shipyard today and will be deployed to ultra-deepwater Berbigão and Sururu fields. FPSOs, FSRUs and offshore wind boost Sembcorp Marine coffers The 150,000-bpd vessel is built for Tupi, a consortium comprising Petrobras Netherlands, Total Brazil S
Anglo-Eastern, Exmar offer LNG management Anglo-Eastern Univan Group and Exmar Ship Management have joined forces to offer their services to LNG shipping. The two companies have formed joint venture AEX LNG Management focused on LNG carrier newbuilding supervision and vessel management for third-party owners. Based in Singapore, the new company will draw on Exmar's niche expertise in LNG and leverage Anglo-Eastern's systems, resources
Carnival expands environmental compliance effort Carnival Corp has bolstered its effort to improve its environmental track record, having devoted another new role and small team to that goal. The US cruise major has appointed Sandra Rowlett, a former US federal safety investigator, as vice president of an incident analysis group focused on health, environment, safety and security (HESS). She will also work to implement new global investigation
Abqaiq refinery attack could complicate IMO 2020 regulations The refinery shuttering could raise fuel costs or could function similarly to an Opec production cut
Fear of fuelling: Why IMO 2020 might not be so bad The switch to low-sulphur bunkers may be a feast for the lawyers, but how much upheaval will the change actually cause?
Penfield Marine's next focus is on building a suezmax presence And then there were suezmaxes. Penfield Marine executives Tim Brennan and Eric Haughn have found a new front for expansion, telling TradeWinds that the shipmanager is laying the groundwork to take in the larger tankers. "We're gearing up to add suezmaxes, probably the same as in panamaxes and aframaxes, where we charter in ships first and then go from there," company chief executive Brennan said
Oman Shipping refinances tankers with $110m loan Owner fixes funding with Standard Chartered for vessels including two VLCCs
Growth at home and abroad for pool player Penfield Marine Connecticut firm finds larger home while branching out into Singapore and expanding management footprint
Stena's Olsson makes peace gesture with Knotted Gun donation Stena supremo gifts sculpture created after John Lennon's murder to Belfast
Iran seizes another vessel in anti-smuggling drive Ship detained for allegedly trying to take 250,000 litres of fuel to the UAE.
Tanker loading halted at Ras Tanura following Saudi attacks Eight VLCCs are waiting outside of the world's largest oil terminal as market players mostly take a wait-and-see approach
Nordic American Tankers again claims Middle East uncertainty will bolster tankers The weekend's attacks on Saudi Arabian oil refineries is a good thing for the tanker market, according to Nordic American Tankers. The Herbjorn Hansson-led shipowner said in a letter Monday "that political uncertainty of this nature is normally good for the market" - echoing comments by the suezmax specialist after a previous spate of Middle East violence. 'Unprecedented disaster': Saudi attack
Saudi attacks cast cloud over IUMI talks More trouble for underwriters to consider as they gather in Toronto
RightShip blacklists owner for non-payment of crew wages Action taken by the ship vetting agency follows a spate of vessel arrests in Australia for unpaid wages.
G2 Ocean increases project cargo scope with new strategic hires Norwegian bulker operator expands into breakbulk sector in Germany and the US
Iran getting closer to releasing seized Stena tanker Iran is reportedly planning on releasing the 50,000-dwt Stena Impero (built 2019) "in days". According to Bloomberg, the Islamic republic's foreign ministry spokesman Abbas Mousavi said the judicial process for releasing the Swedish-owned, UK-flagged MR tanker is nearly complete. Stena Bulk says seven crew released in Iran Once that is done, he said, the Stena Bulk ship will be able to sail fro
The shipping noise | Maritime industry's next big environmental challenge Underwater sound pollution is increasing from shipping. Moves are afoot to quieten the oceans
Still bitter about those sweets: 20 Questions with Concirrus' Nick Roscoe What was your earliest memory? Cubs - I specifically remember playing crab football. Another early memory was school sports day. My friend always won everything and would be rewarded with a big pile of sweets. Although he was best man at my wedding, I'm still bitter about it! Did you go through training/university or straight into work? After school I went to Manchester University to do a History
Boskalis to build Iraq oil export terminal Oil ministry signs deal with Dutch contractor to diversify shipment routes.
Abracadabra: TradeWinds readers conjure up Boris captions Read the excellent suggestions for what is really going on in this photo.
It's time we faced the fact that banks and shipping don't mix Sovereign wealth funds, financial conglomerates and pension funds are better placed to provide future financing for shipping than banks due to the risks and cyclicality of the business
Rokke's Kvaerner eyes big growth in FPSOs and offshore Tycoon's contracting company wants to expand business by 40%.
Cargill and Maersk Tankers create 60-plus MR fleet Trader and shipowner aim to build pool with more vessels as they seek to cut emissions.
Relief as Hellenic Petroleum is ready to deliver on IMO 2020 Biggest refiner in the Eastern Mediterranean reveals it has made the grade on 0.5%-sulphur bunkers
'Unprecedented disaster': Saudi attack a major blow for tankers Clarksons Platou and BTIG say drone incident will hit VLCC demand, but product tankers could benefit.
Cyprus plans to scrap ship registration fees Move is part of bid to boost attractiveness of island flag.
Sumec plots course as new model Chinese shipowner The parent of New Dayang Shipbuilding wants to become China's answer to Japan's trading house builder-owners
Tanker and LPG equities to open lower in wake of attacks Tanker and LPG shipping equities are expected to open "significantly down" on Monday in the wake of the last events in Saudi Arabia, warns an industry analyst. Tanker market braced after attack knocks out half Saudi crude oil output "VLCC spot rates and FFAs [forward freight agreements] are likely to tumble," Cleaves Securities head of research Joakim Hannisdahl said in a note to investors. "Th
Trump opens Strategic Petroleum Reserve taps to ensure adequate crude supplies Saudi Arabia attacks said to be largest MEG supply disruption since the Iraq-Kuwait war
Peter Weernink takes back control of operator SwissMarine Singapore Marine buys SwissMarine as new bulker giant forged
Singapore's MPA warns owners of haze hazard to shipping Local authorities say the situation is likely to persist for several days, before improving
Forcing crew into "slave" labor gets ships banned from Australia Ship operators who engaged in "reprehensible," "dishonest and predatory" behavior by forcing crew to work without pay get their ships banned from Australia.
CEMEX bets on Canadian final-mile startup GoFor's U.S. expansion Venture capital arm of Mexican building materials company makes an undisclosed investment in Ottawa-based firm that focuses on last-minute deliveries in the construction industry.
Regional LTL A. Duie Pyle expands to West Coast through Oak Harbor partnership A. Duie Pyle extends service to the West Coast through partnership with Oak Harbor Freight
Oil on Monday closed nearer to day's highs than its lows; ULSD remains the laggard Oil markets completed their first full day of trading following the drone attacks on Saudi processing facilities, with the global crude Brent benchmark rising more...
How drone attacks impact shipping: crude tanker fallout The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part II: the impacts on the crude tanker segment.
Business lobbyist confident in U.S. weathering an oil price storm U.S. Chamber chief Tom Donohue also commented on status of China trade talks, USMCA.
Deutsche Post DHL opens innovation center for Americas DP DHL open s innovation center for Americas, the third center in its global network
Voyage Auto raises $31 million to expand self-driving technology While retirement communities have provided a controlled baseline to deploy their services, Voyage does not plan to stop there.
How drone attacks impact shipping: non-tanker fallout The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part I: the impacts on non-tanker shipping segments.
Trimble conference opener highlights new leadership, data-driven solutions Trimble (NASDAQ: TRMB) kicked off its 2019 in.sight user conference in Houston with an ode to technology's role in empowering collaboration and data-driven decision making....
Transplace Symposium focuses on future of carriers, supply chains and technology Transplace's 2019 Carrier Symposium in Dallas discussed the latest topics impacting the carrier industry, including both capacity excesses and shortages, ELDs, regulatory changes, and driver...
Former California DMV employee sentenced to 22 months in fraudulent CDL scam A former California Department of Motor Vehicles' (DMV) employee was sentenced to 22 months in federal prison for his part in a fraudulent commercial driver's...
Freight Futures daily curve: 9/16 Lower Friday spells end to a mostly down week for Freight Futures.
Today's pick-up: Musk invokes Amazon's name not in vain; Using a customer to rake XPO Tesla takes a page from Amazon in new logistics strategy for delivering vehicles. Union group uses customer as leverage to bash XPO
Georgia Ports Authority celebrates 'incredible' achievements Executive director and governor report volume records and expansion opportunities.
Industry digs into FMC's container availability interpretive rule The AgTC asked the U.S. Federal Maritime Commission to extend the comment deadline to Oct. 31, calling the rule "the most relevant and far-reaching initiative...
Bookkeeper sentenced to five years for embezzling over $800,000 from Indiana trucking company An Indiana woman was sentenced Sept. 11 to nearly five years in federal prison for embezzling more than $800,000 from a trucking company.
CBP seeks to expand e-commerce pilot participation The Express Association of America said additional industry participants in Customs and Border Protection's Section 321 pilot will "enhance" the agency's capability to target illicit...
Struggling used truck market dips for 10th consecutive month Preliminary used Class 8 truck sales fell for the 10th consecutive month in August as used trucks hit the market in bigger numbers because of...
Seven key steps in building a logistics crisis communications plan When something goes wrong, such as a fatal truck crash, how your company responds in the moments that follow can be critical to the long-term...
Shipping braces for fuel cost surge after Saudi oil attack With oil prices climbing 20%, bunker and BAF costs are expected to follow suit after Saudi drone attacks
Delta ups stake in Korean Air parent Hanjin KAL, controlled by the Cho family, remains the largest shareholder in Korean Air.
Convoy adds API access to its network for shippers Shippers, TMS and MTP providers have now been given access to Convoy's automated real-time pricing and capacity for both live and drop-and-hook loads through API...
IMC adds Pacific Northwest ports to U.S. intermodal reach IMC Companies added its eighth regional trucking branch with the addition of a new drayage and intermodal provider in the Pacific Northwest, The third-party logistics...
Volvo Trucks imports Dynamic Steering technology from Europe (VIDEO) Volvo Trucks will offer its Dynamic Steering system as an option in 2020. Volvo says it reduces the strain of maneuvering a heavy-duty truck steering...
Japanese shipowners in plea to Panama Canal Authority: consider your customers Japanese ship owners have called - very, very politely - upon the Panama Canal Authority to give greater consideration to the shipping industry when hiking...
Port Report: Further blank sailings forecast by container lines as spot rates tumble Carriers are set to withdraw more Asia-Europe sailings in Q4 as excess capacity drags on freight rates.
USGC HSFO swaps backwardation hits record levels amid tightness, rising cracksPrompt backwardation in the US Gulf Coast high sulfur fuel oil swaps market hit its steepest point ever Monday as volatility in the energy complex led the front-month swap to rise almost $11.50/ from Friday.
Americas bunkers prices rise on support from energy markets"For Panama I see quite a jump [in spot prices] due to what happened this weekend," a source said.
TANKERS: Americas VLCC rates jump over 17% on increased activity after Saudi attacksAmericas VLCC freight increased more than 17% on US Gulf Coast-loading markets Monday following the attacks on Saudi oil production infrastructure, as bullish owners took advantage of tightened availability in the Americas and a volley of freshly opened cargoes and pushed freight to match strengthened global VLCC sentiment.
Crude prices soar as Saudi attacks expose tight global spare capacityOil prices rallied Monday as markets evaluated the fallout from the attacks on Saudi Arabia's key Abqaiq processing facility and Khurais oil field over the weekend.
FUTURES 7: Oil rally holds as traders weigh Saudi supply loss, geopolitical risks
Asia HSFO market may reel under further supply pressure from Saudi attacks: traders"I think it's quite possible that [Saudi Arabia] would now look to substitute their crude burning with fuel oil," said a fuel oil trader.
Sovcomflot, NYK Line sign refinancing deal for two LNG carriersThe financing facility is in line with the adoption of Poseidon Principles.
External: Global Risk Management
Oil futures climb despite stock release plans after Abqaiq attackBrent and WTI appear to have stabilized around 10%-12% higher after the first three hours of trading, Hari said.
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