Port Houston moves ahead on renewable energy Ports as well as shipping lines are making efforts to decarbonize. Among them is Port Houston. It is set to begin to purchase renewable electricity port-wide, In a move that would make
Damen inks ASD tug materials supply contract with Karachi Shipyard Speaking on the occasion of the contract signing, Haverkort said, "Damen is pleased to have been awarded this contract on the basis of the good cooperation between our two companies and of
Turn Services to acquire Jubilee Towing assets New Orleans headquartered barge fleeting and shifting specialist Turn Services has signed an agreement to purchase the assets of Jubilee Towing. Jubilee currently owns three towboats with a fourth boat under construction
Standard Club announces 7.5% general increases 'The cost and frequency of high value P&I claims across the market continue at similar levels to last year. It...
The Interview: Michael Khouri Light-touch regulator wants carriers to thrive as long as they follow the rules
Lloyd's List Europe Awards finalists revealed The Europe awards will recognise 'Excellence in Shipping'
Scorpio Bulkers declares special stock dividend Chairman and chief executive Emanuele Lauro said the special dividend was the appropriate step to take at this time
Businesses remain unprepared for no-deal Brexit Guidance published to advise importers and exporters on questions to ask of freight forwarders
More large ships in lay-up for scrubber retrofits Idle fleet numbers have risen sharply in the past three weeks as lines take ships out of service to have...
Artificial intelligence-based service to boost Calista supply chain platform The service is aimed at using the power of artificial intelligence to collate and analyse real-time data to help users devise...
Speculation rife over possible Singapore yard merger Investors have grabbed shares in three listed counters affilated with Keppel O&M and SembMarine, but given Temasek's deal does not...
Daily Briefing Free to read: Activity in tanker FFA trades soars on heated spot market | Novatek claims ice-classed LNG tankers cleared...
India bans single use plastic on ships in domestic waters The ban will see certain items barred immediately and further items being banned from January 1, next year.
US Gulf coast crude exports remain robust despite lack of deepwater terminals While 21 tankers loaded oil during the week ending October 18, just three of them were VLCCs: the 300,325 dwt...
Chinese yard wins arbitration case against Pacific Radiance unit SWS and Pacific Crest in 2016 reached a settlement on two sister PSVs, with the yard returning pre-payments for both...
Pirates target shipping off Singapore In two separate incidents, individuals boarded the two large vessels and in one case tied up and threatened a crew...
Carriers need to develop greener supply chains to meet IMO 2020 cost Carriers need to work with customers to develop green container supply chains in order to cover the costs of IMO...
Equinor sells Johan Sverdrup field first oil to Sinopec The Johan Sverdrup Phase 1 production came onstream on October 5 and was expected to ramp up quickly with eight production...
Greek owners remain most active vessel buyers Allied Shipbroking data shows Greeks spending $2.4bn in the S&P market during the first three quarters of 2019, although Chinese...
Shell reserves berths for raft of LNG carriers at Hyundai Heavy Energy major signs letter of intent for slots as enquiries for project business mount and yards seek to raise prices
MISC and AET eye $6bn projects in big bet on LNG as future fuel Future growth path for Malaysian energy transporter looks good as the oil, gas and offshore markets come alive
Phantom $300,000-per-day VLCC fixtures lasted merely hours Stellar deals all failed 'on subjects', leaving the highest firm fixtures done at closer to $200,000 per day
Graig to exit shipowning with sale of last vessels in centenary year Cardiff outfit looks to the future with new Diamond 2 ultramax design and Idwal Marine platform
Ocean Tankers in major IMO 2020 floating storage play The shipping arm of Hin Leong is the most aggressive shipowner in stationing VLCCs off Malaysia
AET to quit chemical tanker trade due to shift in priorities Tanker player's managers believe better returns can be made in other tanker segments
Japan's ONE eyes supersize containership newbuildings Up to 10 vessels of 23,000 teu are expected to be booked directly by ONE and not by its Japanese shareholders
Star Bulk Carriers pushes ahead with clear-out of old tonnage World's biggest scrubber player sheds supramax pair built in early 2000s
MISC chases international LNG and offshore projects MISC's announcement earlier this month that it was building two new LNG carriers at Samsung Heavy Industries against a 15-year charter contract with ExxonMobil's SeaRiver Maritime came as something of a surprise to the industry as the company has previously tended to concentrate on business for parent company Petronas. However, MISC president and group chief executive Yee Yang Chien wanted to cle
Costamare profit jumps on strong charter market Rising rates and growing fleet help Greek company nearly triple net income in the third quarter
DHT narrows losses in third quarter as rates soar DHT Holdings met expectations for the third quarter in a period punctuated by skyrocketing tanker rates. VLCC values could jump 50% over next two years as term rates rise Supply and demand factors key to VLCC earning peaks The New York-traded VLCC owner posted a $9.94m loss for the three months ending 30 September - good for a $0.07 loss per share, which was in line with Wall Street forecasts.
EPA anonymity 'raises significant questions' on credibility Environmental Protection Alliance denies any connection to shipowner Hudson Shipping Lines
GasLog companies keep pushing into long-term market CFO Alastair Maxwell said his company only wants 10% of its fleet exposed to the spot market
Scorpio Bulkers to 'keep everyone guessing' on Scorpio Tankers Scorpio Tankers stock as dividend is 'better than cash', president Robert Bugbee says
Great Eastern to sell two ageing suezmaxes Indian owner starts sale of its two oldest suezmax vessels.
Carras locks $110m capesize into two-year charter with Koch Logistics The Aquaprincess, probably the most expensive capesize ever built, was paid for in cash, so is finance-free
Gavel falls on Oxygen Maritime Management's Megacor Honami Greek buyers rumoured to have prevailed at Singapore product tanker auction
Scorpio Bulkers shares special dividend of STNG stock with shareholders Scorpio Bulkers has used shares in its tanker-owning sister company to reward investors in spite of the lacklustre performance of its own shares over the past quarter. IMO 2020 disruption will benefit scrubber 'fast lane' owners The New York-listed company declared a one-time dividend, in which 1 million shares in its affiliate Scorpio Tankers (STNG) will be distributed to shareholders. In ad
BASF to boost Quantafuel's recycled-plastics fuel output Vitol-backed producer also seeks to upgrade Oslo listing
Standard Club to raise P&I rates in 2020 Members of the London-based P&I mutual will have to pay more from next year
Workers walk out at Hyundai Heavy Industries Wage negotiations with management make little progress
Simpson Spence Young buys out Carnegie's stake in finance business Simpson Spence Young (SSY) is now the sole owner of its finance business, after acquiring its partner's stake in SSY Carnegie. SSY opens up in Dubai for bulker push The shipbroking firm established SSY Carnegie as a joint venture with Nordic investment bank Carnegie in 2016 and the company commenced trading in June 2017. The bank has decided to focus on its core Nordic business, but the two co
Greeks outspend Chinese with $2.5bn of ship purchases this year Allied Shipping Research puts Greek owners on top of S&P chart so far this year
Two bodies found on Tallink ro-pax Estonian police say deaths appear to be unrelated
Small firms shun scrubbers as IMO 2020 option, survey finds A TradeWinds knowledge survey has found large companies are more confident in their preparation for the bunker regulations
Fuel being removed from capsized boxship Small oil leak collected after Vietsun Integrity went over off Vietnam
Hong Kong shipping should wake up and smell the tear gas 'Don't quote me on this,' said one well-known Hong Kong shipping executive. This is what nearly all top shipping names are saying
China's drive for electric cars indicates the oil age is stalling The switch to electric vehicles may accelerate faster than many expect, raising urgent questions for the oil shipping business
Lord Browne appointed Windward chairman Former BP chief executive to head up and coming marine insurtech company
Teekay Shuttle Tankers denies its 'green bond' has flopped Finance chief says shipowner was environmentally progressive enough to take in most of the cash it sought in $125m deal, with more possibly to come
Glencore moves for second 2020 Bulkers newbuilding Trader charters fifth ship in series being built for Tor Olav Troim-backed company
UN shipping tribunal judge Alexander Yankov dies ITLOS says law professor passed away last week.
PTS takes over management of Lake House duo Private investment company Lake House has handed over management of two boxships to Hamburg-based PT-Shipmanagement (PTS). The London and Hong Kong-based fund said it picked PTS for its high level of digitalisation and improved transparency on costs. The two ships are 1,300 teu. One is the Charlie B (built 2010), which is the only vessel listed in the fleet of Inter Ocean Express of Hong Kong. T
'Weird things' happening in product tanker market ahead of IMO 2020 Scorpio Tankers' Robert Bugbee talks regulation disruption and the chance for zero fleet growth in the sphere
Polferries gives Nova Star a permanent home ST Marine's unwanted ferry is acquired by Polish charterer
Cargoship banned for a year over wage arrears Paris MoU takes action against Russian vessel for the second time
'Dieselgate' funds to finance US green ferries conversion Vessels up for conversion use 26% of the total diesel consumption by Washington ferry system
Female trio bring feminine touch to Spanish tug firm Historically male-dominated sphere holds no fears for intrepid women linked to the sea by family ties
Shipping urged to go green for public perception Bad public image is curbing the industry's ability to attract investments and talents, according to Alexander Saverys
India to ban single use plastic on ships in domestic waters Two stage implementation sees immediate ban on some items and further items banned from 1 January 2020
Mullen's LTL business shines in tepid quarter Performance from Canadian firm's less-than-truckload business help offset sagging truckload and oil services segments in weak energy and freight markets.
U.S. workers ratify labor deal with Air Canada Union members belonging to the International Brotherhood of Teamsters have ratified a new 10-year contract with Air Canada. The airline said it was notified of...
Catching Wall Street off guard, Tesla turns a profit, beats Q3 estimates Stock soars after the electric vehicle maker posts better than expected Q3 results.
Rush Enterprises reports solid Q3 but warns on used truck market Rush Enterprises Inc., the largest dealer network of commercial vehicles in North America, reported lower earnings and higher sales in the third quarter. But the...
Mexican government mulls legalization of 18 million "chocolate cars" Authorities in Mexico have proposed legislation to legalize around 18 million so-called "carros chocolates," or chocolate cars - vehicles illegally imported into the country from...
Landstar reports significant third quarter earnings miss The company warned of its upcoming poor performance in September but still missed analyst's earnings estimates.
Delta borrowing $1.5 billion to pay for LATAM Airlines stake Delta Air Lines [NYSE: DAL] is selling $1.5 billion worth of bonds to help pay for its 20% stake in South American carrier LATAM Airlines,...
US Customs officials seize shipment of counterfeit batteries Battery Council International, which represents U.S. lead acid battery manufacturers, praised the removal of the potentially unsafe products from the supply chain.
Updated: Not as bad as feared: ECHO beats on earnings and revenue In a tough freight environment, the Chicago brokerage outpaced Wall Street's expectations.
Canadian Pacific reports record-low operating ratio The railway also earned record third-quarter revenue.
Workhorse Group forms joint venture to advance truck-based drone business (with video) Electric truck maker Workhorse Inc. is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. for $4 million and forming a...
Self-driving startup Zoox raises $200M Self-driving startup Zoox has raised $200 million in new convertible note funding, according to media reports. The raise is part of a Series C round...
River Transport News publisher addresses issues facing river barge industry The network of barges that ship through the slow-moving powerhouse that is the U.S. river transportation system is critically important despite its low profile, according...
Intermodal drayage companies must embrace technology or die It is no longer enough to just provide excellent service. Now, companies must provide excellent service alongside speed, transparency and convenience.
Peak season for air cargo: past results, present challenges Market expert Jesse Cohen writes about the 2019 air cargo market to date, and industry personnel look ahead to 2020.
Amazon expands its in-store pickup service Counter, adds GNC, Health Mart and Stage Stores E-commerce giant Amazon.com, Inc. is expanding its in-store pickup service Counter, announcing on October 23 that it is partnering with GNC, Health Mart and Stage...
Freight Futures daily curve: 10/23 Trucking Freight Futures forward curve on Tuesday points to higher short-term National rates.
President Trump lifts sanctions on Turkey The Trump administration said the Turkish government satisfied the five-day ceasefire commitment in northern Syria.
Four rules of determining freight class when shipping machinery Determining freight class is a key to shipping freight successfully. Learn more about the processes involved in this article.
Knight Swift said its earnings would be weak; actual numbers back that up Intermodal was a particularly weak spot; OR at Swift a concern to Deutsche
Understanding startup investment dynamics within the logistics ecosystem Venture capital investment in the logistics sector has seen a steady rise in the last decade and shows no signs of abating in the near...
Driver arrested after 39 bodies found in truck container (With Video) U.K. police are investigating whether human trafficking gangs were behind the deaths after 25-year old driver is arrested on suspicion of murder.
Today's Pickup: Canadian cargo drone firm lands a big customer, DSV Drone Delivery Canada's sales agreement with Air Canada pays off as it reaches a deal to provide a drone platform at DSV Panalpina's facility near...
High impact snowstorm to slam Rockies tonight, Thursday "Travel will be quite treacherous." Significant snowstorm will be rough on truckers Wednesday night, Thursday, 10/23-10/24.
United Road adds heavy haul trucks to car carrier business United Road, which moves about 4 million new and used cars and light trucks a year, is expanding into Class 8 truck and equipment hauling...
Boeing's commercial airplane problems lead to sharp drop in Q3 income Updated 6:32 p.m. Aircraft maker Boeing [NYSE: BA] is reporting sharply lower earnings for its fiscal third quarter as the company deals with the grounding...
Scorpio begins slowly separating its conjoined twins Scorpio Bulkers plans to continue to monetize its position in related-party Scorpio Tankers.
China Eastern inks joint venture agreement with Virgin Atlantic, Air France and KLM Tie-up offers more options between Europe and China
Zimbabwe celebrating Anti-Sanctions Day The Southern African country's political leadership established the national holiday to protest longtime U.S. economic sanctions.
Transportation One levels up, hires Gillihan as chief revenue officer Gillihan plans to build a process-driven sales floor that can scale.
A conference on IMO 2020 impact shows how many questions remain as new rule approaches Diesel is a sideshow at the Argus Media conference but the impact on it is always in the background.
Norfolk Southern confident it can reach 2021 operating ratio target - UPDATE Further operational efficiencies will push the railroad to its target, the company said.
Tigers goes Dutch with Rotterdam mega-hub The need for dual-hub European logistics systems as Brexit looms is one reason the Hong Kong-based supply chain specialist is building a new hub.
Russia's Sovcomflot completes two LNG-fuelled voyages along North Sea Route Russia's Sovcomflot has completed two voyages along the North Sea Route (NSR) using cleaner-burning LNG as a primary fuel, the maritime shipping company said in a press release this week.
Newbuilt VLCC New Journey heads west with gasoil on board: traders The newbuilt VLCC New Journey is bringing gasoil from the Middle East to either West Africa or Europe, although the final destination remained uncertain, traders said this week.
MARINE FUEL ROUNDUP: IFS to supply 0.5% fuel at Malta from next week International Fuel Suppliers Limited will start supplying 0.5% bunker fuel at the port of Malta from next week, a company spokesperson said Wednesday.
Shipowners delay dry-docking, fitting scrubbers to capture high freight Shipowners have delayed dry-docking and retro-fitting scrubbers in order to benefit from a rising market, with freight rates reaching multi-year highs in the past few weeks.
PDVSA crude production in October down 55.5% from January Venezuela's state-owned PDVSA has seen its crude production drop to an average 672,000 b/d so far in October, down 55.5% from the 1.51 million b/d average in January, according to preliminary official figures reviewed Wednesday by S&P Global Platts.
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