Waterways industry pioneer Charlie Jones dead at 101 The Waterways Council reports that yesterday afternoon, industry pioneer Charles "Charlie" Jones passed away. He was 101. Jones was Chief Executive Officer of Charleston, W. Va., headquartered Amherst Madison, Inc., a family
Blockchain and DNA based fuel tracking set to launch BunkerTrace, a blockchain and DNA-based fuels tracking solution, is to launch commercially following a successful trial in the Netherlands The solution, which adds DNA markers to fuel at every stage of the
Karin Gaskill promoted to VP human resources at three TOTE companies Jacksonville, Fla., headquartered TOTE, LLC has promoted Karen Gaskill to the newly created role of vice president of human resources for three of its four operating companies: TOTE Services, TOTE Maritime Puerto
ICT at sea: Inmarsat publishes best practices guide As day-to-day operations at sea become ever more reliant on Information and Communications Technology (ICT), satcom services provider Inmarsat has published a practical guide to help ship managers build onboard networks that
Containership fires: Time for action at IMO says IUMI This year has already seen an alarming number of containership fires including Yantian Express, APL Vancouver, Grande America, E.R. Kobe and KMTC Hong Kong. The escalation is of growing concern to IUMI
ABB, Keppel cooperate on autonomous tug for Singapore ops ABB and Keppel O&M's technology arm, Keppel Marine and Deepwater Technology (KMDTech, plan to jointly develop the technology for autonomous vessels and retrofit a 32-meter harbor tugboat with digital solutions. The aim
Maritime Partners christens second in newbuild towboat series Metairie, La., based Maritime Partners, LLC (MP) recently christened the 2,600 hp towboat M/V Ouizee at the John Bludworth Shipyard in Corpus Christi, Texas. The new 2,600 horsepower towboat is the second
Golden Ray: Responders report white smoke coming from ship White smoke was yesterday reported coming from the capsized car carrier Golden Ray, which remains on its side in St.Stephen's Sound, Georgia. By afternoon the Unified Command responding to the situation (USCG,
Opinion split on green bonds for tanker companies 'What investors are saying here is that use of proceeds is just as important as the underlying ethical improvement. Tanker...
Maersk raises earnings expectation Danish line records ebitda of $1.7bn in third quarter and lifts full year outlook
Atlantic grains offer dim prospect for bulker demand More significantly for bulker demand, says SSY, projections for Saudi Arabia's corn imports have been cut by 1.5m tonnes
Belgian port majors in merger talks Talks with a view to the '(phased) build-up of a possible merger' will take an estimated two years
Brussels battles Beijing's Belt and Road Infrastructure deal seeks to make financing more transparent and ensure environmental standards are met
Temasek's Keppel Corp offer renews yard merger speculation Sembcorp Marine's share price was boosted on Monday as investors digested the news of an equity injection into Singaporean conglomerate...
Total enters marine fuels venture with Zhejiang Energy The new Sino-French operation will supply 2020 sulphur cap compliant fuels to Zhoushan region
Keppel O&M and ABB team up on autonomous tug pilot project ABB touts the joint project - which will draw on its experience with a remotely operated ferry in Finland - as potentially...
Epic Gas completes refinancing of 20 ships The facility, which was mediated by a number of financial institutions, will refinance 20 of Epic's LPG carriers and potentially...
CMA CGM launches trade finance platform Shipfin Trade Finance programme to be rolled out in Asian markets to digitalise financing options
Chimbusco secures 4m tonnes of LSFO Chimbusco is a joint venture of Petro China and Cosco Shipping, the latter of which has already stored away 80%...
LNG carrier spot rates poised for surge as market tightens As global LNG prices rise, leading to open Atlantic-Pacific trading windows and increased seasonal demand for floating storage, the excess...
Daily Briefing Free to read: DNV GL thinking said to be too 'fossil-centric' | LNG marine fuel 'no better than gasoil or...
White smoke seen from capsized vessel near US port Salvors, on hand from all over the world, are still developing a plan to disassemble and remove Golden Ray's hull...
US authorises Plaquemines LNG for exports The facility will include up to three marine loading berths for ocean-going ships capable of receiving LNG carriers up to...
Ningbo Zrich takes supramax spending to $50m with Samudera ship Chinese shipowner's acquisition is said to be fifth in as many months, according to VesselsValue
Japan to link with France in effort to diffuse Gulf tensions France and Japan are reportedly readying an $18.4bn loan to the Islamic republic
Carnival seeks $778m in debt Carnival Corp is looking to inject hundreds of millions of dollars in fresh debt into its balance sheet. The Arnold Donald-led company is offering €600m ($778m) in 1% senior notes set to mature in 2029. Proceeds from the debt will go toward "general corporate purposes", the New York-listed cruise major said in an SEC document filed Monday. UBS downgrades Carnival shares to neutral as outlook di
Russia working on Northern Sea Route cargo shuttle service The proposed state-run venture would defray the high costs in the arctic shipping lane
Companies trade claims after off-spec fuel leaves bulker adrift The Nordic Bulk-owned supramax underwent a two-week blackout after being supplied with off-spec bunkers last year.
Ostensjo orders four wind farm vessels from Gondan yard New ships will be a third less polluting than current vessels.
Golar LNG nets second power plant and FSRU job in Brazil Company says floating storage and regasification unit selection is underway with start-up due in first half 2020
Secretive anti-scrubber group emails traced to shipowner headquarters TradeWinds has investigated the source of releases by the anonymous Environmental Protection Alliance - with unexpected results.
Maersk cheers market with profit upgrade as fuel price falls Danish giant makes surprise increase to annual profit forecast after stronger performance in its Ocean division
Bahri boosted by better tanker and LPG carrier rates Saudi state shipowner pushes up earnings in third quarter
Iran unveils plan to build 200 ships for $300m Government eyes construction of cargo vessels to boost domestic industry.
Nakilat profit jumps 10% as LNG carrier operations improve Qatar owner also boosted by cost-cutting and rising LPG carrier rates.
Total teams with Zhejiang Energy to push LSFO in China French major's agreement follows pledge in April to explore opportunities for bunker supply in country
GS Caltex signs new Hyundai Glovis VLCC in $178m deal South Korean refiner charters Samho newbuilding to carry oil from Middle East
VLCC values could jump 50% over next two years as term rates rise Surging period charter numbers leading to rising tanker prices, Cleaves says
Genting looks to turn $74m profit on controversial superyacht Malaysian group hangs for-sale sign on luxury vessel once owned by fugitive financier Low Taek Jho
Iran's ISOICO to repair holed suezmax Sabiti Yard says it will pay part of the costs of patching up tanker hit by missiles
CMA CGM offers financing to shippers Cash-rich French line wants to help customers develop their business with new joint venture
Temasek looks to gain control of Keppel with partial offering State-backed investor to undertake 'comprehensive strategic review' of company if successful
Scrap prices surprise as Petrobras auctions off three tankers Demolition broker Ed McIlvaney says recent VLOC and suezmax sales can be viewed as expensive
Value Maritime closes first separate scrubber lease financing Dutch manufacturer claims breakthrough deal with Beequip
Pacific Radiance out of pocket after losing PSV arbitration case Singapore owner to pay $4.55m after Hong Kong tribunal rules against it in SWS delivery row
Awilco LNG seals leaseback deal with Chinese lender Norwegian owner to close new 10-year facility for its two LNG carriers with CCB Financial Leasing.
Epic Gas refinances 20 gas carriers with $201m facility Singapore LPG carrier owner and operator also has $10m available for potential vessel acquisitions
Singapore to extend rebates for car carrier operators Maritime Port Authority to offer discounts on port dues for PCTCs for another three years
SSY: Floods and strikes set to boost Indian coal imports Extend monsoon season and industrial action set to curtail domestic production, says shipbroker
Trudeau, Liberals poised to secure re-election with weaker support Preliminary results in Canada's federal election point to a minority government that will require the support of parties, which may push for stronger environmental policies.
Zombie storm threatens Japan with rain, wind and floods Freight flows in and out of Japan may again be disrupted owing to the presence of ex-Typhoon Neoguri, located to the south east of Osaka,...
Trucking supervisor charged with payment fraud Chow Chi-yeung (42), a former logistics supervisor with cross-border trucking services company Extrans International of Hong Kong, has been charged with fraud.
UPS expands drone, other operations for healthcare companies; broadens e-commerce reach for smaller businesses UPS expands drone operations, healthcare and e-commerce services
Manitoulin acquires Montreal freight-forwarder ACS Canadian transportation and logistics firm makes second acquisition in two weeks, purchasing a company specializing in moving refrigerated cargo and renewable energy components across the...
Moody's sees 'significant' drops in Powder River Basin coal production Coal production in the region could fall significantly in 2020, affecting rail volumes.
FreightWaves announces 2020 FreightTech 100 The FreightTech 100 highlights the most innovative and disruptive companies across the freight industry, featuring both cutting-edge upstarts and top-notch traditional powers.
Commentary: Fresh opportunities bring new entrants into asset-based trucking Charley Dehoney writes about Jelani Hawkins, a former NFL player who has gone into trucking. Read about his new career.
Wing teams up with FedEx, Walgreen for milestone drone delivery FedEx Express [NYSE: FDX] on Friday used an unmanned aerial vehicle instead of a truck for last-mile residential deliveries on behalf of pharmacy retailer Walgreens....
Commentary: Will auto companies bring blockchain into real-world supply chains first? The global auto industry may be the first industry to use blockchain extensively. Read how and why.
Commentary: Port of Alaska's resiliency puzzle Logistics in Alaska can be both amazing and frustrating. Alaska is the most expansive and diverse logistics laboratory in the United States. Take the largest...
Freight Futures daily curve: 10/21 South and West freight futures tumble Friday, weighing on National average.
Improved ocean freight results boost Maersk's 2019 outlook Better fuel prices, capacity and cost management help push up results for worlds largest ocean carrier.
Commerce tightens export controls for Cuba The Trump administration said it is taking this latest regulatory action to further restrict the Cuban government's efforts to support Venezuela's Maduro regime.
Volvo Ventures invests in cybersecurity startup to protect its connected trucks AB Volvo through its venture capital group is investing in an Israeli cybersecurity startup while also combining all of its autonomous ventures into a single...
Drones will land ecommerce deliveries in your backyard soon Flytrex is an Israeli on-demand small payload drone delivery company that will be delivering products ordered online straight to the consumers' house.
Shipping stock, Italian style An exclusive Q&A with Carlos Di Mottola, CFO of Milan-listed D'Amico International Shipping.
CMA CGM launches trade finance service France-based carrier says its new Shipfin Trade Finance products will be made available in Europe and the U.S. next year.
SAP pivots to margins and profit SAP now appears to be emphasizing profitability and widening cloud gross margins over organic revenue growth.
Severe storm threat continues across South Severe thunderstorms possible across several southern states. Strong cold front tracking through region.
Today's pick-up: Sunrise may not be seen until 2023 New York to Sydney flights not to take off til 2023, Qantas CEO says. Kentucky needs infrastructure
Blockchain for fishing scallops to help reduce food fraud IBM Food Trust platform is collaborating with Raw Seafoods to use blockchain to create visibility within the seafood supply chain, starting with scallops fished in...
Hyderabad Airport launches air cargo charter program Air cargo charter operations are unusual in India
For Freight's Sake [podcast] - Valuations and Venture Capital FreightWaves CEO Craig Fuller and Dynamo Managing Partner Jon Bradford team up on this show about their vision and view of where the world exists...
Analysis: Delta-LATAM joint venture has strong cargo upside The joint venture between Delta Airlines (NYSE: DAL) and LATAM Airlines (NYSE: LTM) proposed last month was motivated by synergies on the passenger side, but...
US crude inventories likely higher last week on continued refinery maintenance US crude inventories likely climbed last week as refinery maintenance reduced demand while exports slipped, an S&P Global Platts analysis showed Monday.
FUTURES 5: Macroeconomic concerns weigh on crude The oil futures complex edged lower Monday on continued concerns about economic growth and bearish fundamentals.
Angola faces uphill battle to reverse output decline Angola's battle to stem its steep production decline is proving to be a long one, with hopes resting on the country's new licensing round, the first since 2011, along with the outcome of reforms by President Joao Lourenco.
Ecuador's Petroecuador restarts crude exports, lifts force majeure Ecuador's state-run oil producer Petroecuador restarted exports of heavy sour Oriente and Napo crudes early Sunday, according to a letter sent by the company to its clients Sunday.
MARINE FUEL ROUNDUP: Varo to supply IMO 2020-compliant fuel at Bremerhaven European downstream oil company Varo Energy has started VLSFO supply at Bremerhaven, Germany, in addition to existing supply at Hamburg, Germany, the company said in a statement Monday.
Saudi Aramco arm seeking to boost oil trading volumes by a third by 2022: executive Saudi Aramco's trading arm is seeking to boost its traded volumes of crude and refined products by a third to 6 million b/d by 2022 as it hunts for more storage globally, the CEO of the division said on Monday.
Tight HSFO supply in Singapore raises arbitrage premiums over European values Tight supply of high sulfur fuel oil in Singapore pushed premiums to a one-month high for derivative contracts measuring the arbitrage to Asia from Europe, amid rising freight rates and a shift toward low sulfur bunker fuels.
VPS launches new test for wax appearance temperature for VLSFOs The new test will help address bunker fuel quality issues.
Singapore HSFO market strengthens amid limited resupply of cargoes High freight costs and increasing demand for low sulfur fuel oil ahead of IMO 2020 was deterring traders from replenishing high sulfur fuel oil stocks in Singapore, limiting supply and supporting sentiment, sources said Monday.
Qatar Petroleum launches VLSFO bunker supply at Ras Laffan Between June 2017 and August 2019 it has supplied more than 1.5 million mt of bunker fuel at Ras Laffan.
Total, ZEG ink deal to develop LSFO market in China as IMO 2020 looms The agreement follows a memorandum of understanding concluded by Total and ZEG in April.
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