Sovcomflot tankers complete Northern Sea Route voyages burning only LNG Russia's Sovcomflot reports that two of its 113,000 tankers, Mendeleev Prospect and Lomonosov Prospect, have successfully completed voyages eastbound along the Northern Sea Route (NSR) using LNG as their primary fuel.. Lomonosov
Lake Charles pilots take delivery of fourth Gladding-Hearn launch With three similar Gladding-Hearn pilot boats already in their fleet, the Louisiana-based Lake Charles pilots have taken delivery of another launch from the Somerset, Mass., shipyard. With a length overall of 70
Washington State Ferries picks Siemens for Jumbo Mark II hybrid conversions Washington State Ferries has moved a major step forward on its long planned conversion of its three Jumbo Mark II class ferries, the largest in the fleet, from diesel to hybrid electric
VIDEO: Wavefoil fits a ferry with "underwater wings" A Faroe Islands ferry, M/F Teistin, has become the first ship in the world to be fitted with retractable bow foils from Trondheim, Norway, based Wavefoil AS. The foils are designed to
ECR books first ship repair contract at new facility Ship repairer East Coast Repair and Fabrication, which is based in the Hampton Roads area with operations in Jacksonville, Fla., and San Diego Calif., is rebranding as ECR and making moves to
Alfa Laval boiler technology eases the path to LNG propulsion Alfa Laval is playing a key role in shipping's move towards LNG propulsion. Its technologies and expertise - especially in the area of boilers - are enabling vessels deal with boil-off gas
Navios Acquisition completes loan repayment Refinancing follows similar move by stable-mate Navios Partners
Vale suspends operations at Itabira mining complex Arctic Securities sees only a marginal impact to iron ore trade and dry bulk shipping
UK to uphold Maritime Labour Convention after EU exit 'The Maritime Labour Convention is a vital pillar of international law and we are pleased to see its inclusion in...
Novatek claims ice-classed LNG tankers cleared of Cosco sanctions fallout Yamal LNG operator says the six LNG vessels controlled by Teekay and China LNG are free of sanctions implication
Activity in tanker FFA trades soars on heated spot market Although volumes in the dirty tanker derivatives market have since fallen from the eight-year high in the week to October...
Italian regulators sign off 49% MSC stake in Messina Italy's competition authority has signed off an agreement to allow global container shipping company MSC to take a 49% stake...
Yard Talk | Another rough year ahead? Most shipbuilders have had a rough time in 2019, but next year is unlikely to be any better for the...
Vessels sanctioned for using Crimean ports Panama and Togo are among the seven registries that have de-flagged vessels this year for calling at ports closed by...
US-China tariff delay does little to stabilise freight demand The latest US-China tariff delay will do little to help stabilise a volatile freight demand environment. Scheduled tariff increases are...
K+N earnings improve on higher volumes Results for first nine months of the year show resilience to slowing growth and trade tensions
Top-ranked bunker suppliers boost storage off Singapore Equatorial Marine Fuel has joined at least two other major marine fuel suppliers licensed to trade out of Singapore, in...
Sovcomflot sends two tankers to China via Northern Sea Route Sovcomflot claims that LNG allows for a significant reduction of the vessels' emissions footprint, noting that this was an important...
Iran planning to build 200 cargo ships in domestic shipyards The shipbuilding programme would strengthen Iran's cargo-carrying capabilities and provide significant domestic employment
Carlyle Group quits US joint oil export project Despite the departure of Carlyle, port chief executive Sean Strawbridge said interest in the Corpus Christi project remains high and...
Golar Power scores second gas-to-power project in Brazil This is part of an interesting trend of resource-rich Brazil recently turning to LNG imports to fire up its power...
Evercore changes year-end outlook for dry bulk sector Evercore has changed its optimistic outlook for dry bulk shipping for the rest of 2019, giving a foggy forecast at best amid the sector's unpredictability and US-China trade tensions. Analyst Jon Chappell in June gave a bullish take for the fourth quarter based on positive momentum that may ease up due to slowdowns in Chinese coal and grain imports, offsetting favourable iron ore momentum. "Now,
BNP Paribas hesitant in financing low-emission shipping Financial feasibility of alternative fuels remains a question mark, according to a senior banker
Owner denies accusations its boxship was too slow The owners of the Warnow Whale insist the boxship is plenty fast. In a statement to TradeWinds through manager Marlow Navigation, the 1,300-teu, 2007-built boxship's owners are denying accusations made in a lawsuit that the ship could only muster 17.5 knots instead of the promised 19 knots. Lawsuit: ship too slow to carry bananas leads to six-figure losses "The owners have received a number of
Lloyd's of London hit by $250m black hole in marine revenue Analysis of half-year figures shows shipping insurance business in serious decline as syndicates quit loss-making lines
Glimmer of optimism for MPP sector despite stubborn rates Large projects and improving dry market point to a brighter outlopk
Carnival, Royal Caribbean partner up on Saint Lucia Financial terms for joint venture to build new port have not been disclosed
Tsakos takes on newbuilding, sends it out on long-term charter Tsakos Energy Navigation has taken delivery of an aframax tanker, immediately chartering it out. The Nikolas Tsakos-led, New York-traded shipowner announced the move Tuesday. The ship is one of four currently on order, built against contracts "to a major US oil concern". The company said on a TCE basis the deal will equate to roughly $200m over its minimum duration. Offshore Merchant Partners e
Scrubber delays in China unleash first wave of IMO 2020 disputes Contractual wrangles over the late delivery of exhaust gas cleaning systems are on the up and could be costly for owners, according to one leading P&I club
Scotline log carrier launched from Dutch shipyard Scotline has taken delivery of a brand-new log carrier from the Royal Bodewes Ship Yard in Groningen in the Netherlands. Scotline adds third newbuilding at Bodewes The 4,800-dwt open-hatch bulker Scot Explorer was launched on 11 October and will be flagged in the UK. Scotline said the vessel's "optimised" design means it is capable of carrying 7,000 cbm of sawn Swedish timber. It is the secon
US Coast Guard rescues seafarer in the Pacific In a nearly nine-hour mission that began late Sunday, US authorities rescued an ailing seafarer from a Norwegian-flagged tanker sailing in the Pacific Ocean. The US Coast Guard (USCG), together with the US Fish and Wildlife Service and Hawaii Disaster Medical Assistance Team (DMAT), medevaced a 32-year-old Latvian crewmember aboard the 50,000-dwt chemical tanker Leikanger (built 2016) from Midway
Gotland offloads d'Amico bulker bought for tanker conversion Swedish owner also confirms sale of product carrier to Italian group
Virgin Voyages boss says cruise line has sustainability in its DNA Entire industry 'gets a bad rap' when it makes environmental mistakes, says CEO Tom McAlpin
DNB moves in as Ship Finance sells more Frontline shares CEO Ole Hjertaker said the move frees up capital for the company
Teekay-China LNG Shipping vessels freed from US sanctions Sextet of Arcs caught up in US-Cosco sanctions tangle set to resume normal operations
Global Energy Ventures homes in on first CNG shipping project Start-up sees potential for eight compressed natural gas ships to be ordered over next 18 months
Maurice Brand jacks in retirement for compressed natural gas Compressed Natural Gas (CNG) shipping has been a nearly-ran for well over a decade with a myriad of designs and projects. A first mini CNG vessel has been built and is believed to be languishing in a Chinese shipyard after the Indonesian project for which it was constructed failed to materialise. PLN in CNG breakthrough Global Energy Ventures (GEV) executive chairman and chief executive Maurice
Insurer British Marine braced for cargoship Rhodanus claims Salvage and clean-up claims are due following successful refloating of grounded vessel this week
Ernst Russ expands fleet with German feedership German asset manager snaps up vessel chartered to Iceland's Eimskip
Clarksons Platou: fleet-growth discipline boosting Maersk profit Analyst Frode Morkedal believes Danish giant has improved load factor to reduce costs
Nigeria arrests men 'posing as armed tanker guards' Navy holds seven alleged impostors in Port Harcourt
Mercuria confirms first acquisitions since Aegean takeover Energy and commodity outfit starts growing the bunkering fleet it inherited from bankrupt Greek operator
Scrubber users will be held over a barrel if basic economics apply Inelastic market will allow bunker suppliers to squeeze price differential between MGO and HFO
De Stoop: Venezuela sanctions panic 'almost a hoax' Euronav CEO explains why tanker chartering paranoia was a bit of a fuss over nothing
Arc7 LNG carrier heads back to DSME for repair work Ice-breaking vessel checks back in at shipbuilder while still in its guarantee period with the yard
'Bright star' Alpha Adriatic born under restructuring cloud Former Uljanik Plovidba adopts new name but still faces court refinancing process
Polaris Shipping postpones Oslo initial public offering to next year South Korean bulker operator will wait until a Seoul trial into the loss of the Stellar Daisy is completed
MSC gets go-ahead for Messina partnership Italian competition authority clears Swiss giant to buy 49% stake in Italian con-ro specialist
Navios Acquisition pays off $198m debt early Sale and leaseback deals help Greek owner cut borrowings
Carlyle Group drops out of US VLCC crude terminal project Private equity giant gives no reason for quitting building facility aimed at improving shale oil exports
Offshore Merchant Partners eyes $11m profit from TEN stock resale Norway-based fund converts preferred TEN shares into common stock, lines them up for possible sale
Indonesian marine police crack down on local pirates Aggressive action by Indonesia's marine police is putting pressure on Southeast Asian pirates and the number of local attacks is falling, the crime-fighting International Maritime...
Socializing the autonomous robot An artificial intelligence expert discusses human-AV interaction in wake of recent decision to pull Starship Technologies' delivery robots from University of Pittsburgh campus.
California releases nation's first electric truck manufacturing standard Independent trucking group calls the rule "unrealistic"; environmental coalition says it doesn't go far enough.
Railroads face major challenges to jump-start their intermodal business Railroads face an uphill battle in elevating their intermodal business.
Canadian Trucking Alliance to ask next government to freeze - not scrap - carbon tax for diesel CTA President Stephen Laskowski says pivot reflects the political reality of federal election, which will see Trudeau and Liberals return to power weakened but in...
Tariff war zaps 'Star Wars' toymaker Hasbro Toy maker Hasbro reported lower third-quarter earnings, citing tariffs on Chinese products and higher supply chain costs.
Spring floods still drowning Midwest farms, grain carloads "Back in March it was horrible and depressing." But Midwestern farmers still struggling months after floods began.
Covenant blames weak freight environment for drop in revenue and net income in 3Q Covenant blames weak freight environment for drop in revenue and net income in third quarter 2019.
Canadian National sees third-quarter profit amid headwinds Despite lowering its operating ratio, the railroad tempers its 2019 outlook.
Experts warn of China's influence at U.S. ports Extension of "Maritime Silk Road" threatens U.S. economic, military standing.
Boeing's Q3 earnings release to be dominated by 737 MAX troubles Boeing Company's stock [NYSE: BA] has fallen 32% since documents turned over to Congress and the U.S. Federal Aviation Administration on Oct. 17 revealed that...
ELD compliance numbers stagnate ahead of December deadline The number of carriers running AOBRDs dropped under 5% several weeks ago and has remained below that mark since, suggesting most carriers have already made...
Dan Cushman dives into diversifying P.A.M.'s focus P.A.M. CEO and President Dan Cushman discussed his successful efforts to diversify the carrier's focus with FreightWaves CEO Craig Fuller.
DOT to audit FMCSA oversight of truck driver bans Review prompted by lax processing of driver convictions.
Ex-Dallas police officer pleads guilty to fraudulent ticket-writing scheme to collect federal grant money A former Dallas police officer pleaded guilty on October 16 to falsifying traffic tickets in order to collect overtime pay through a program funded by...
Freight Futures daily curve: 10/22 Trade executed in the November National Trucking Freight Futures contract; South and West futures remain volatile on Monday.
LNG shipping rates now far exceed crude-tanker rates Headlines have highlighted booming VLCC rates, but spot LNG shipping rates have now taken the crown.
Hyundai readies fuel cell heavy-duty truck and eco-friendly reefer Hyundai Motor Co. is expanding its fuel cell ambitions to heavy-duty trucks and trailers with a pair of concepts for next week's North American Commercial...
U.S. truckers to battle rain, wind, snow this Tuesday (forecast video) East Coast rain, Midwest wind, several inches of Rockies snow will give truckers trouble Tuesday, 10/22.
Government to request expressions of interest for 100% of Air India Privatization effort in 2018 failed to attract a single bidder
Barber's retirement overshadows UPS' third-quarter results The abrupt retirement of Jim Barber, UPS' CEO heir-apparent, overshadows company's third-quarter results
OFAC's '50% rule' challenges compliance The Office of Foreign Assets Control policy, which focuses on financial ownership of sanctioned individuals or entities, bedevils U.S. companies with sophisticated compliance programs.
HaulHub helps run heavy construction logistics operations at the touch of a button HaulHub is a logistics startup in the aggregate and asphalt industry that helps producers, carriers and construction crews collaborate together over a centralized platform.
Today's Pickup: Konexial acquires Axle Technologies AOBRD customers ELD maker Konexial is expanding its customer base through the acquisition of Axle Technologies' AORBD customer list. Also, FedEx and UPS ramp up drone deliveries,...
Kuehne + Nagel Q3 ocean growth offsets air decline The world's second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.
US to sell North Korean ship, pay proceeds to torture victims' families The Wise Honest illegally transported coal on behalf of the North Korean regime from November 2016 to April 2018.
Paccar beats Q3 estimates on strong truck deliveries (Update) Paccar Inc. delivered 31,000 trucks in the third quarter, helping the parent company of Kenworth Truck Co. , Peterbilt Motor Co. and DAF beat earnings...
Commentary: CSX offers the first trip compliance reporting Jim Blaze explains the new CSX trip compliance reporting... perhaps the first step for railroads to compete more effectively with the trucking industry.
GATX wonders if slowdown is on the horizon - UPDATE The rail equipment manufacturer sees high utilization rate but says economy faces uncertainty.
M&A bankers are looking for Amazon-proof logistics businesses Some investors prefer hard-to-disrupt niche businesses; others want to roll up e-commerce services and replicate Amazon's offering.
FUTURES 4: Crude settles higher as traders await fresh US-China news Crude futures settled higher Tuesday, but remained within a well-worn range as traders awaited fresh developments out of the US-China trade negotiations and upcoming weekly inventory reports.
DUBAI FUTURES: Crude spreads slip on cooling freight rates, open arbitrage Benchmark Dubai crude futures' spreads dipped in mid-morning trading in Asia on Tuesday, amid reports that cooling freight rates have reopened the arbitrage window for crude to flow into the region from the West.
CRUDE MOC: Uncertainty keeps Brent/Dubai spread in tight range Benchmark cash Dubai crude fell below ICE Brent futures Tuesday but remained close to parity with the global crude futures marker as uncertainty continued to dominate Asian crude markets.
SPOTLIGHT: Freight rates spike to record highs, but likely to cool off quickly VLCC rates have spiked to all-time highs as a number of factors -- from US sanctions on a Chinese shipping giant to ships going into dry dock for scrubber installations -- combined to reduce dramatically the effective VLCC fleet capacity.
ECUADOR DATA: August refined products output falls 0.6% on year Ecuador produced a total of 6.73 million barrels of refined products in August, a slight 0.6% decline from 6.77 million barrels a year earlier, but a marginal gain from 6.72 million barrels produced in July, according to statistics available Tuesday on the central bank's website.
ARGENTINA DATA: Refiners increase runs in August to meet fuel oil, diesel demand Argentinian crude oil processing in August rose 2.3% year on year as refiners boosted fuel oil production to supply the power sector, helping to compensate for a minor rise in diesel output and declines in production of gasoline, an industry report showed Tuesday.
Boskalis, GoodFuels eye 100% bio bunker fuel for dredging vessel Biofuels supplier GoodFuels and dredging contractor Royal Boskalis Westminster are preparing to run a dredging vessel on 100% bio-fuel oil, GoodFuels said in a press release.
Crude traders take smaller tankers to Asia from North Sea on high VLCC costs A Suezmax has been placed on subjects for a November voyage to the Asia-Pacific region from the North Sea, trading and shipping sources said Tuesday, a route usually plied on larger VLCC tankers.
Yamal LNG tanker JV 'no longer' under US sanctions: Novatek The joint venture that owns a number of specialized Arc7 icebreaker vessels serving the Novatek-operated Yamal LNG plant in northern Russia is no longer subject to US sanctions, Novatek said Tuesday.
Shipper Sovcomflot advances green shipping along the Northern Sea Route using LNG Sovcomflot is steadily introducing LNG as a fuel for large-capacity cargo shipping in the Arctic, it said.
REFINERY NEWS: S Korea's SK Incheon refinery conducting full turnaround "The full turnaround is part of efforts to make the complex cleaner," a company official said.
REFINERY NEWS: PetroChina Guangxi sends first gasoline cargo to India The cargo is in line with the usual specification standards for Australia, the source said.
Singapore's APEX launches LSFO futures contract ahead of IMO 2020 Besides the new APEX ABI LSFO futures, APEX had listed a physically deliverable fuel oil 380 CST futures contract in April.
External: Global Risk Management
BunkerTrace starts commercial operations to aid fuel control ahead of IMO 2020 By combining blockchain and DNA-based tagging, BunkerTrace creates an immutable audit trail.
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