IMO panel backs away from ship speed or power limits This week's sixth session of the IMO Intersessional Working Group on the Reduction of GHG Emissions (ISWG-GHG 6) looks to have backed away from proposals to limit either ships' speed or ships'
Wärtsilä and PSA Marine ink LOI on smart technology Wärtsilä and Singapore-based PSA Marine have agreed to collaborate in the co-creation of smart technologies for the marine sector. The focus will be on solutions that are human-centric and deployable. The Letter
Ulstein: Zero-emission SX 190 could sea trial in 2022 Norwegian shipbuilder and designer Ulstein says it is ready to deliver a zero-emission offshore construction vessel within three years. The SX190 Zero Emission DP2 construction support vessel is Ulstein's first hydrogen powered
Conrad reports profitable quarter Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) today reported its third quarter and nine months 2019 financial results and backlog at September 30, 2019. For the quarter ended
Speculation grows over MSC top management shake-up MSC management remain quiet on rumours of a top level shake-up, but industry speculation suggests that veteran chairman Gianluigi Aponte...
EU opens tax probe into Italian ports The European Commission has launched an investigation into tax exemptions in place for Italian ports, while welcoming a Spanish commitment...
Sovcomflot benefits from stronger tanker market The higher spot rates are leading to much more appetite for period charters, said the company's chief financial officer
IMO snubs mandatory speed limits Regulators in London have shunned speed limits in favor of target-based greenhouse gas measures in a crucial loss for the...
Global Freight Awards 2019 winners announced We reveal the rundown of freight and logistics companies that walked away with gongs from this year's Global Freight Awards...
Shipping must collaborate to avoid cargo-related fires, industry told A revision to the special provisions in the International Maritime Organization's code of practice for the packing of cargo transport units...
Courts shine spotlight on shipping's 'victimless crime' Insurance fraud is contrary to all known ethical codes, religious or secular. It is also a serious criminal offence, which...
American Club levies big supplementary calls, as London Club goes for 7.5% rate rise Owners will have to put their hands deeper in their pockets for P&I cover next year, although clubs vary as...
The Lloyd's List Podcast: Have mandatory speed limits hit a road block? The campaign for mandatory speed limits for shipping suffered a blow during technical talks at IMO this week. For some...
Maersk to maintain cost focus following Toft departure The loss of its chief operating officer will not distract Maersk from continuing to drive its operating costs down
GasLog raises $98m from Norwegian bond sale Move sees LNG owner buy back $34.4m of bonds due in 2021
The Interview: Bronson Hsieh After three years at helm, the chairman of Taiwan-based Yang Ming has put the idea of ordering super-sized boxships on...
Vallianz sees challenging near-term conditions for OSV sector However conscious of its dependence on one main client, Vallianz is trying to broaden and diversify its revenue streams, and...
Pyxis optimistic about medium range tankers Greek owner says the numbers suggest a trend that goes beyond usual seasonal uplift
Daily Briefing Free to read: Russia key to global seaborne coal market | Viewpoint: A life of crime | Lack of confidence among...
Maersk lowers container growth outlook 'The organic volume growth in Ocean is now expected to be slightly below the estimated average market growth' of 1%...
Seaspan to acquire fleet of six containerships The six ships, totalling some 59,700 teu in capacity, now operate under long-term charter with 'a leading global liner'
Holland & Knight named US News maritime firm of the year Holland & Knight has been named maritime law firm of the year by US News and World Report. It was the fourth time the maritime practice has come away with the honour, having won in 2014, 2016 and 2018. Blue Fin Tankers targets Valero for damages over tainted fuel "We are proud of this honour, and recognise that it would not have been possible without the lasting partnerships and opportunities p
Hermitage Offshore shares, short interest make huge jumps Investors are flocking to Hermitage Offshore and its short interest has more than doubled in the last month. Shares in the Scorpio Group-backed, New York-traded company shot up nearly 70%, or $0.43, to $1.06 in late trading Friday. Trading volume peeked over 878,000 and the number of shares short hit 372,560, up from 145,320 on 15 October. Hermitage Offshore racks up another loss The Emanuele
Diamond S top private equity backers want out WL Ross and First Reserve retain Pareto in bid to sell more than 17 million shares over time.
Veniamis in play to buy Noble Group post-panamaxes Greek owner mulled to be benefitting from fleet wind-down of Singaporean commodity trader
Performance Shipping linked to Zodiac aframax Market rumours say Symeon Palios-led outfit is buying its third tanker
Petronas launches hunt for two bespoke-size LNG carriers Malaysian energy giant has plans to use vessels of variant sizes as it grows its business to reach new LNG buyers
VLGC rates touch four-year high as US exports boost market Rates also rise for midsize LPG carriers as bullish factors trickle down to the smaller tonnages
IMO agrees slow steaming is out, decarbonisation goals are in The International Chamber of Shipping and UK Chamber of Shipping have been the first to welcome the outcome of this week's meeting.
Maersk's Skou not afraid of rivals' big boxship newbuildings Danish line's boss says it and partner MSC have a competitive advantage when it comes to ship size
Sovcomflot profit surges in volatile tanker markets Russian state shipowner logged a bottom line of $26m as revenue increased in the third quarter
Evidence a Greek tanker caused spill? 'None whatsoever' Records retrieved from five tankers do not raise crude leak suspicions, top Greek government official says
Thoresen Shipping posts 'outstanding' profit Thoresen Shipping has bounced back after a tough second quarter with big headline numbers. Thoresen Shipping sees net profit shrink almost 70% The firm, which is part of the Thoresen Thai Agencies (TTA) group, reported profit of THB 234.5m ($7.8m) for the third quarter, up by 174% year on year. "We are pleased to achieve strong results in this quarter and in particular that our shipping segment
Crowdsourcing ship platform Marvest eyes third fund Hamburg company seeks cash to finance another bulker
Awilco LNG faces long wait for collision cash Norwegian owner less optimistic about getting its hands on money quickly
Belships profit hit by accounting tweak A change in the Oslo-listed shipowner's accounting principles had an impact in an otherwise steady quarter.
Hartmann Gas takes over Chinese handysize LPG carrier newbuilding Hartmann Gas Carriers of Germany is moving into the handysize LPG carrier segment by purchasing a newbuilding from Nantong Sinopacific Offshore & Engineering in China. The 22,000-cbm ship was originally ordered by Norway's Odfjell, but the contract was cancelled after heavy delays. Hafnia finally wins senior listing - but at what cost? Chengxi plots course into gas carriers and dual-fuel vesse
Soren Toft said to be taking over at Maersk's alliance partner MSC Swiss line not commenting on reports linking former COO to top job
New Fortress targets 10 LNG terminals by fourth quarter 2020 Co-founder, chairman and chief executive Wes Edens sees 'tremendous promise' in shipping
Hafnia Tankers draws support for Oslo deal pricing amid barbs Second financier says downsized equity sale nonetheless came close to net asset value of giant product tanker company
Koch stretches charters for new 2020 Bulkers ships US charterer adds another year to deals for Newcastlemaxes
Scrubber retrofits dent Okeanis but forward bookings 'impressive' Loss increased in third quarter but fourth quarter rates ahead of peers
Torvald Klaveness has no plans to wind down Bulkhandling Dry bulk company Torvald Klaveness of Norway has no plans to wind up its Bulkhandling pool despite scaling down as an operator of supramax bulkers. This pool has some 50 handymax and supramaxes. Klaveness this week announced that it would concentrate on the larger segments, through spin-off Klaveness Combination Carriers (KCC) and the larger Baumarine pool. Klaveness CEO Lasse Kristoffersen c
US attempt to wield shipping as diplomatic weapon spells unnecessary trouble Washington's approach on sanctions would push up compliance costs while undermining US dollars' long-term dominance
Maersk boosts profit despite lower global container demand Danish boxship giant's focus on capacity management pays off in third quarter
LNG faces possible funding issues after EIB ditches fossil fuels Wood Mackenzie says European bank's new financing criteria will make lending to gas projects very difficult
GasLog taps Norwegian bond investors for $98.4m Peter Livanos-backed LNG player has also acquired some of its bonds maturing in 2021
Team Tankers remains in the red as fleet clear-out continues Hans Feringa-led owner continues concentrate its efforts on younger, more sophisticated, deep sea assets
Canadian National laying off workers The railway cited challenging economic headwinds and could release up to 1,600 employees.
UPS to waive money-back guarantees if third parties use tracking data UPS to waive money back guarantees on late deliveries if 3rdparties access package tracking data
Lawmakers told foreign ships threatening US maritime sector Vessel group alleges "lucrative cost advantage" over American-flagged ships.
CarrierDirect: Effective trucking technology is more than a checklist item Thinking of technology as static is like buying 100 trucks and running them for 30 million miles -- something you set once and forget., according...
Jury slaps Georgia trucking company with $8 million verdict in motorcycle crash A Georgia jury awarded $8 million to a motorcyclist who was seriously injured when a dump truck hit an orange construction barrel, which ricocheted into...
Freight volumes fall for second straight week, uptrend in question Peak season woes continue
California intensifies efforts to slash railway emissions The initiative is part of a broader push to limit diesel emissions from freight facilities.
Delta refuses to sweeten Alitalia investment offer U.S. carrier remains firm with 10% offer
Freight Futures daily curve: 11/15 Trucking Freight Futures continue to be bogged down in a directionless and low volatility cycle.
Watch for five supply chain ERP trends in 2020 Enterprise resource planning will bring changes to supply chains in 2020. Kayla Matthews points out several technologies that will gain greater acceptance and use in...
Mafia blamed as $275 million of cocaine seized Europol believe Italy's 'Ndrangheta mafia is behind the use of Gioia Tauro as a cocaine hub for western Europe.
Hyundai Merchant Marine reports increase in revenue, smaller loss HMM had an increase in revenue and smaller loss in third quarter when compared to the same 2018 period.
China reopens market to US poultry imports U.S. poultry producers eye more than $1 billion market potential for China after being shut out for five years.
What blockchain means for lawyers, e-commerce merchants and financial services "Automation may not be a threat to lawyers; it might be a threat to young lawyers," Shane Orians said.
More snow bursts to slam the Northeast Snow squalls could be trouble for truckers across interior Northeast, while rain and wind dominate parts of the South.
FreightWaves Radio preview: the word from the floor of FreightWaves Live The events of the recently completed FreightWaves LIVE event will be "center stage" on this weekend's edition of FreightWaves Radio. Tune in to this Saturday's...
Today's Pickup: New Jersey slaps Uber with $650 million over driver classification Plus: Seattle money play: Convoy wins, Amazon loses
JD.com reports robust sales growth with the expectation for more Chinese e-commerce heavyweight JD.com reports strong growth across its platform, a trend the company expects to continue.
Has MSC signed up Maersk's Toft as CEO? The shipping grapevine is abuzz with rumors that the man who was Maersk's COO until Monday (Nov. 11) could soon be leading MSC.
Tankers delayed as bad weather hits port, STS operations in Med Gale and swell in the Mediterranean as well as bad weather around the Turkish straits are affecting port operations and ship-to-ship transfers, leading to delays of up to five days for vessels bunkering, loading and discharging, trading and shipping sources said Friday.
FEATURE: Refinery run cuts on horizon as global distillate margins narrow, traders say With oil processing margins from Europe to Asia trending downward, market sources this week have said that some refiners may be considering run cuts, which would likely tighten middle distillate markets and support cash prices in the spot market.
FUTURES 5: Crude settles higher on renewed demand optimism Crude futures settled higher Friday, following equities gains on some renewed global demand growth optimism.
China's Dalian FTZ new operational procedures to cut costs for bunker players Dalian FTZ's two models include ex-storage by cargo and distribute by small partials as well as optimizing two types of warehouse.
ADNOC on the hunt for refining projects in China, India, Indonesia, UAE "Our main strategy is adding value to every barrel of oil that we process," Hajri said.
Idemitsu not planning any Japan refinery closures before March 2023 "We intend to consider whether to keep the position of the seven refineries as it is, or restructure them," Kito said.
Japan delivered 380 CST bunker price falls to 2-year low "Demand is so-so for HSFO, while LSFO volumes have picked up," a trader said.
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