Crowley strengthens charter servicing team Crowley Shipping has added Jorge Caez to its chartering services team. As director of chartering, he brings significant experience to Crowley from the offshore, heavy-barge segment and bunker markets. He previously held
Stena Impero still detained by Iran In a statement issued today, Erik Hanell, President and CEO, Stena Bulk, said: "Despite public statements by Iranian authorities over the past three days that judicial proceedings have concluded, and the Stena
NYK lays keel for world's largest LNG fueled PCTC Japan's NYK Line held a keel laying ceremony September 20 at Shin Kurushima Toyohashi Shipbuilding Co. Ltd. to mark the start of construction of what will be the world's largest pure car
IMS to manage five ARTCO long haul towboats Hebron, Ky., based vessel management services specialist Inland Marine Service (IMS) has reached an agreement with Chicago, Ill., headquartered American River Transportation Company (ARTCO) under which IMS will be responsible for operating
VIDEO: Tuco Marine introduces new ProZero FPSO Workboat Faaborg, Denmark, based Tuco Marine Group has added a 9.5 meter workboat to its ProZero International FPSO range. Built on the proven, reliable and seaworthy ProZero hull platform, the new boat is
Scorpio in $803 million swoop on 19 Trafigura products tankers Scorpio Tankers Inc. (NYSE: STNG) reports that it has acquired subsidiaries of Trafigura Maritime Logistics Pte. Ltd., a wholly-owned subsidiary of Trafigura Group Pte Ltd, that have leasehold interests in 15 Medium
VIDEO: Metal Shark adds autonomous vessel to stock boat program Autonomous vessels are not only already here, but now one model is available virtually off the shelf. Jeanerette, La., based shipbuilder Metal Shark and Boston based Sea Machines Robotics have partnered to
Moran Iron Works to fabricate new Lowell Showboat Onaway, Mich., based Moran Iron Works has inked a contract with the City of Lowell, Mich., that will see Moran fabricate the latest iteration of the Lowell Showboat, the city's centerpiece attraction.
Kyklades agrees more suezmax newbuilds at Hyundai Samho Move brings the Alafouzos-controlled company's private order book to six suezmaxes, which could ultimately end up in fleet of Oslo-listed...
'Illegal' Greek ferry strike goes ahead Crews protested on Tuesday against impending new labour laws tabled by the new conservative government
Leasing companies poised to grow tonnage with BSM China Leasing companies looking to participate in tenders for long-term ship charters with the likes of BHP and Shell, are banking...
Trade forecast to continue to evolve despite disruptions Container trade volumes so far this year have been steady despite the trade tensions, says OOIL
Denmark expands Dan-Bunkering probe over Syria sanctions An undisclosed company and two unidentified individuals are also being investigated
Scorpio Tankers buys 19 product tankers from Trafigura Trafigura buys $135m stake in Scorpio Tankers and offloads $668m loan on the vessels
Perfecting your RFP process US trade spats, Brexit, the approach of IMO 2020 and other factors are forcing some companies to look outside their normal...
Stena Impero still in Iran, says owner The tanker has been held by Iran since being seized in July amid rising tensions in the Gulf
IMO vessel efficiency regulations face criticism A report commissioned by Australia, Japan, Norway and other nations claims the EEDI is flawed
Boutique finance firm FDX Offshore buys out Womar Chief executive officer Hans van der Zijde alluded to the fact that the move was partially driven by the sale...
Daily Briefing Free to read: Coalition of the willing is another warning for regulators | Shipping launches 'moon-shot' initiative to develop zero...
Hafnia bets on spot market as rates soar Demand for product tankers will improve in the final quarter of the year as IMO 2020 regulations set in, chief...
Truckers call for supply chain optimisation at San Pedro Bay ports 'Everybody's got their own business interests,' says Weston LaBar, chief executive of the Harbor Trucking Association. 'And so that's one...
Pacific Islands seek $500m in green shipping financing The Marshall Islands, Fiji and others are eyeing a 10-year plan to modernise Pacific Island shipping and want to fully...
Global Ship Lease puts up $40m in shares for sale Global Ship Lease has put a for-sale sign on part of the company with perhaps an eye on fleet expansion. The Ian Webber-led owner has begun a $40m fully underwritten public offering of Class A common shares and intends to give underwriters a 30-day option to buy another $6m in stock. As part of the offering, executive management has expressed an interest to buy $1.23m million in shares at the p
Trafigura betting on product tankers with equity stakes Trafigura's back-to-back blockbuster ship sales suggest it's betting on product tankers while cleaning up its balance sheet. In deals with Scorpio Tankers and Frontline, the Swiss commodities trader swapped ships for cash and equity, opening up major positions in both tanker owners with the IMO 2020 emissions regulations expected to kickstart a rally in the sector any day now. IMO 2020 fuel swit
US West Coast ports raise concern over US-China tariffs Northwest Seaport Alliance sends letter to US President Donald Trump
Stena Bulk: Stena Impero still being held in Iran Despite Iranian assurances the Stena Impero can leave, the tanker is still being held in the Islamic republic, its owner said Monday. The 50,000-dwt, 2018-built ship has been held in Iran since mid-July, with Iran teasing its release for several weeks. "Despite public statements by Iranian authorities over the past three days that judicial proceedings have concluded, and the Stena Impero is free
Molaris set for loss on sale of Chinese-built post-panamax Greek shipowner Stamatis Molaris is believed to be booking a loss on the sale of a post-panamax bulker that his company, Empire Bulkers, bought in 2013. Diligent Holdings' fleet mix tilts with fourth supramax purchase Trafigura takes in two Greek-owned tankers on short period charters Brokers in Europe and in the US said the 93,000-dwt Dimitra (built 2010) has been sold to another Greek buyer
Marine insurers at IUMI event sense upturn is on the horizon Mood at industry gathering is that premiums for cargo cover and hull and machinery are heading upwards
'World first': GEFO goes for gas to fuel chemical tanker Hamburg owner says Tosca will be first small chemical tanker able to run on LNG.
Greek handysize bulker owners trade up to supramaxes Companies are shedding ageing bulkers and upsizing to younger, bigger tonnage
Trafigura sells another 19 new tankers to Scorpio in $803m deal The deal involving BoComm-financed vessels follows recent sale of 10 to Frontline in another ships-for-shares deal.
Teekay LNG offloads MR product tanker as charter ends Teekay LNG Partners has fetched a surprisingly low price for a 12-year-old MR tanker that was reported sold to a Greek buyer. Brokers in Europe and the US said Teekay Corp spin-off's 40,000-dwt Alexander Spirit (built 2007) has gone to Ancora Investment Trust for just $11.5m. Bahrain's new FSU arrives but terminal delays continue Shipping stocks pummeled as trade war escalates VesselsValue s
NYK confirms order for biggest ever LNG-fuelled car carrier Japanese owner says new vessel will be ready in 2020.
MISC, NYK and Mitsubishi Corp team on ships for LNG Canada Partners get moving on their LNG carrier requirements for Shell-led export project
FDX Offshore takes over tanker pool manager Womar Logistics Chemical tanker pool operator aiming to expand into other markets
Topaz stretches ship drydocking gap to 7.5 years Condition-based survey approach allows owner more time between shipyard stays.
Kyklades Maritime orders two suezmaxes at Hyundai Samho Greek shipowner already has four suezmaxes on order at Hyundai Heavy Industries in South Korea
Stefanou brothers pounce on veteran panamax bulker pair Deal highlights Greek interest in older bulkers
JR Shipping adds pair of container feederships Duo takes boxship fleet of Dutch group up to 20 ships
DNB's shock $110m provision linked to Thomas Cook collapse Bank says loan loss a result of "recent events", but won't confirm specific client.
Wilh Wilhelmsen price jumps as it launches $31m buyback Norwegian owner to offer to acquire up to 10% of the company.
Lloyd's of London rocked by more sexual harassment claims Survey finds nearly 10% of respondents have experienced sexual harassment in last year
Chinese owners keep up their appetite for veteran bulkers Private players take advantage of slumping secondhand prices, with one Fuzhuo owner even picking up a bulker that broke in half
ADS completes its first VLCC scrubber retrofit Oslo-listed owner already working on installation on second of its three tankers.
Hunter reveals charter rate as it gets first VLCC Norwegian owner's DSME delivery has been sold to SFI and leased back.
Which containerships segment is the best investment? Experts are divided Bigger containerships have outshone other sectors, but some believe smart money switch to smaller vessels
Sirius Minerals plans to export potash from UK in jeopardy Project that aimed to produce 20m tonnes of fertiliser in doubt after weak bond markets derail fundraiser
Reed Smith poaches Clyde and Norton Rose lawyers Global law firm adding to expertise in London and Hong Kong.
Aframax rates surge on Saudi Arabia uncertainty Volumes out of the Black Sea are already said to have 'exploded' following drone attacks
Town hall to focus on mounting airfreight bottlenecks in L.A. Antiquated infrastructure, rising cargo volumes and poor logistics coordination are hindering efficient cargo transfers at L.os Angeles International Airport, raising costs for stakeholders.
MAB Kargo launches halal logistics service A subsidiary of the Malaysia Aviation Group has launched a halal logistics service.
Trade and tariffs on ATA's political burner CEO Chris Spear leading a behind-the-scenes approach to influencing White House.
Experts say Nuevo Laredo should focus on becoming a logistics and foreign trade hub The Mexican border city of Nuevo Laredo should "bet more on logistics and foreign trade" than on attracting more maquiladoras, according to trade experts. "Nuevo...
Border wall funding will test proposed $18.1 billion CBP budget The Senate Appropriations Committee's Democratic members are expected to reject proposed Department of Homeland Security fiscal year 2020 funding bill if $5 billion for southern...
Seeking transformation, not disruption Companies building supply chain software need to ease - not force - customers into adopting new technologies.
Drone intelligence platform AirMap acquires Hangar Technology AirMap, an airspace intelligence platform for the drone economy, has acquired Hangar Technology, an automated drone operations business. The acquisition, announced on September 23, continues...
Alberta loses the ability to turn off oil taps - for now Canadian federal judge suspends the province's law allowing it to restrict the flow of oil and gas products to other provinces until a full court...
Freight Futures daily curve: 9/24 Freight Futures began this week where they left off last week.
Port of Long Beach offers incentives to attract more container cargo Port of Long Beach is offering incentive payments to ocean carriers in an effort to stabilize declining cargo volumes.
APHIS readies automation for plant, animal product imports The U.S. Department of Agriculture agency looks forward to receiving import documentation through Customs and Border Protection's International Trade Data System.
Germany €54 billion climate package might be too little too late Germany has unveiled a climate package which experts believe is not ambitious enough, coinciding with the time Germany inches closer to an economic recession.
Mexico reaches new record for truck production, exports during July Mexico's national association of heavy duty truck and bus manufacturers (ANPACT), reported the manufacture of commercial trucks grew 6% in July, producing 20,006 units, when...
Kalitta Air may be forced to exit Schiphol operation A dispute over slots may force Kalitta Ait to exit Schiphol Airport
Flood threat persists in Southwest Several inches of rainfall could flood parts of the Desert Southwest again, after water rescues on Monday.
Technology plus people: C.H. Robinson paves way for more innovative future C.H. Robinson talked to thousands of shippers and carriers. What the company learned prompted them to invest $1 billion into technology.
Maersk's digital transformation shifts to warehousing The shipping giant has teamed up with JDA to boost warehouse and supply chain visibility
Norfolk Southern might owe millions for alleged contract breach Declining coal consumption in the U.S. may have led to the dispute.
Six smart factory developments likely in 2020 Smart factory owners are turning to advanced technology like artificial intelligence and big data to gain an edge in the digital industrial revolution.
Port Report: Drug busts on boxships rise as does European trade Container ships are setting new records, but for all the wrong reasons, as the vessels become an increasingly popular way to smuggle drugs. As FreightWaves'...
ATA sees more tough times for smaller fleets Larger fleets positioned to reap benefits from carrier bankruptcies
How wind power could benefit rail shipping Wind technology may be a solution for rail industry.
Deutsche Bank turns bullish on transports for 2020 But a lot depends on stabilizing global growth and an industrial recovery in the United States.
Today's Pickup: Dart celebrates history, truckers during Driver Appreciation Week Dart Transit celebrated its 85 years in business and Truck Driver Appreciation Week earlier this month, awarding drivers raffle prizes that included a new pickup,...
Why some freight brokers are jumping into private digital marketplaces Parade helps freight brokers automate workflows, scale relationship management and grow digital bookings.
Shipping must accelerate carbon cuts, coalition tells UN Getting to Zero Coalition, which includes Maersk Line, calls for "commercially viable zero-emission vessels" to be deployed on deep sea trade by 2030.
Crude settles lower as geopolitical risk fades, growth concerns mount Crude futures fell Tuesday as the geopolitical risk premium from the recent attacks on Saudi Arabian oil infrastructure faded.
External: Global Risk Management
Brazil's Petrobras offers new Tartaruga crude to China's independent refineries The new crude stream hits the market at a time when Brazil is becoming an increasingly important crude supplier to China.
WAF-East VLCC freight rate gains to 2019 high, extending gains after attacks For loadings at terminals in NW Europe, one trader said that "sky high" bunker prices and limited HSFO supply caused "one big mess."
LPG shipping rates climb on Saudi Arabia production uncertainty "Still a lot of uncertainty around the Saudi recovery time," a market source said.
Shipping industry eyes clean fuel switch in October: sources "We will stop procuring high sulfur fuel oil by end-October," a global shipping operator said.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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