ClassNK to shipowners: Don't wait to install BWMS Back in September 2018, classification society ClassNK analyzed the retrofitting status of ballast water management systems (BWMS) on its registered ships and found that, for many of them, the installation deadlines set
Cosco sanctions send 'shockwave' through tanker markets as charterers reject Chinese tonnage The Trump administration's blacklisting of several Chinese companies including two Cosco units has seen tanker rates surge as charterers rushed...
Weak demand forces box carriers to lower rates Against the grain of expectation, the traditional pre-Chinese Golden Week rush proved to be a no show
Kathy Metcalf wins Lloyd's List Lifetime Achievement Award Kathy Metcalf won the Lifetime Achievement Award at the Lloyd's List Americas Awards in Houston yesterday. Other awards recognised excellence...
Bunker tax exemptions cost EU $26.3bn The Netherlands and Belgium are missing out the most, according to T&E. But the Commission has warned taxation would lead...
Maersk Tankers buys seven AET vessels All seven of the vessels acquired by Maersk Tankers will operate in its handy tankers pool
IMO urges maritime industry to empower women Grassroots initiatives and practical steps such as Maritime UK's Women in Maritime project to assist companies in recruiting and retaining...
New grants handed out for UK ports' post-Brexit preparations As taxpayer cash is handed out to ports, the UK Major Ports Group says the key message to British business...
Piraeus Propeller Club elects Frangoulis as president He succeeds George Xiradakis, who has held the post of president since 2013
Viewpoint: Are you feeling vulnerable? If our dependence on sea trade is to continue, we need to think about how maritime supply lines need to...
E2Open extends Avantida platform into Asia Avantida claims recent efforts in Europe and North America eliminate one empty container truck ride every 30 seconds
Daily Briefing Free to read: Cosco sanctioned by the US | Uncertain green ship rules slow newbuild investments | CMA CGM stands...
Order contract dates pushed back to 2015 distorting supply picture, says MSI Over the course of the next five years, we will see an uplift in contracting increasing by 24% versus the...
CSET orders two LR1s at Cosco Dalian for $68m The newbuildings will help the group to capitalise on the improving market with economies of scale as well as an...
Cosco unit halts stock trading amid sanctions fallout Cosco Shipping Tanker (Dalian) Co holds a 50% stake in China LNG Shipping, a level that can make the latter...
Second LNG freight swap trades on nascent indices As the LNG market becomes more commoditised, the freight market is now starting to catch up in terms of transparency...
Shipowners growing smarter about balance sheets An industry long obsessed with leverage is learning to value cash and conservatism, says Apollo man Art Regan.
Big names form Latin American shipbroking venture Ifchor and McQuilling establish new dry cargo chartering operation in Lima
Bugbee buys call options on Scorpio Tankers Robert Bugbee is looking to cash in on the tanker rally. The Scorpio Tankers president has purchased a call option to buy 150,000 common shares of the New York-traded tanker owner at $28. The option comes with an expires in January 2020 and has a $492,000 consideration. Trafigura sells another 19 new tankers to Scorpio in $803m deal Scorpio Tankers shares closed Wednesday at $27.30 and rose to
Baltic Dry Index slide takes it below 2,000 as rally reverses course The Baltic Dry Index (BDI) has dropped below 2,000 points for the first time since mid-August. On Thursday, the BDI fell 90 points to 1964, with capesize, panamax, supramax and handymax indices all seeing red, too. "There's nothing wrong with the underlying markets. We're still at very high levels," said Arctic Securities analyst Jo Ringheim. Baltic and brokers are better together - for now, at
Tanker forecast in Miami Beach is looking hot ASBA panelists lay out arguments that IMO 2020 rates stimulus already taking shape months ahead of emissions deadline.
Cosco becomes 'shipping's Huawei' as US sanctions over Iran boost tanker rates Charterers rush to find replacement vessels after Washington put Cosco Dalian on sanctions list, with a wider fallout expected in other segments
GTT sees use for GBS structures in small-scale LNG As French designer details its scoop on huge job for Novatek's Arctic LNG 2 project
Carnival sees $200m fuel bill hike from low sulphur fuel rules Cruise behemoth will double its use of marine gas oil next year to comply with new IMO 2020 low sulphur regulations
Interunity-linked shipowner fires back against Chembulk in charter row Lawsuit by Lantern Maritime follows Chembulk action over termination of Chem Ranger charter
Clarksons Platou says markets are at pivotal point: 'It's go time!' Analysts see sector at "pivotal" point as IMO 2020 effects become clearer.
AL Group poaches Lomar's Nick Bailey to boost commercial desk Bunnemann brothers-controlled outfit takes on senior manager for new role working with investors
Rosneft starts Far East LSFO bunkering Russia's Rosneft has begun supplying vessels with low-sulphur fuel oil (LSFO) in the far east of the country. Shell carries out first LSFO physical cargo trade Its RN Bunker is providing RMLS 40, the sulphur content of which is below 0.5% to meet IMO 2020 requirements. The first 200 tons of the new fuel was supplied to a bulk carrier in Nakhodka waters, it said. Low-sulphur fuel is also used b
Massoel trims fleet further with sale of handysize bulker Massoel of Switzerland has sold another bulker as it continues to trim its fleet. According to European brokers, it has disposed of the 20,000-dwt Arosa (built 2002), which was constructed at Sekwang Shipbuilding. Bryn Skaugen to exit shipping with stake sale in Massoel venture Massoel bulker crew freed by pirates The vessel has gone to an Egyptian buyer for $4.5m. VesselsValue estimates t
New UK research ship receives royal seal of approval Merseyside shipbuilder Cammell Laird welcomed the Duke and Duchess of Cambridge and Sir David Attenborough to polar ship's naming ceremony.
Excelerate Energy gets nod for Philippines FSRU Houston-based regasification specialist will develop, design, permit, construct, finance, and operate new facility
WIN GD claims it can cut methane slip by up to 50% Swiss engine manufacturer WIN GD says it can reduce methane slip - the amount of methane that is reduced into the atmosphere during the combustion process - in its next generation of low-speed engines by up to 50%. Rolf Stiefel, vice president of sales and marketing at WIN GD, told a group at Gastech in Houston that the company's upcoming XDF 2.0 low pressure engine would be able to cut methane s
Diamond S investors register for potential $187m sale WL Ross and First Reserve Corp put stakes equalling a combined 44.8% on the shelf.
Anthony Veder orders small-scale LNG carrier in China Dutch shipowner's hunger for fresh tonnage continues unabated as delivery nears for latest addition
Boost for VLCCs as Saudi production rebounds Output restored more quickly than expected following drone attacks.
VLGC market still heated as Asia looks beyond Saudi supplies With Saudi exports expected to stay low, market participants are anticipating more long-haul shipments from the US to India and other Asian nations
Maersk eyes more as it hoovers up $480m of shares Danish boxship owner completes first phase of buyback.
Odfjell's Morch back at Maersk Broker as Ane Uggla retires Odfjell boss and former Maersk man steps in to chair shipbroker after granddaughter of AP Moller-Maersk founder steps down.
Baltic and brokers are better together - for now, at least As talks step up between shipbrokers and the Baltic Exchange about the future shape of the dry bulk market, a split would do little to solve challenges ahead for both sides
Aframax earnings to heat up on Russia and Norway crude supply Suezmax and VLCC shipments may increase this winter as Asian refineries seek replacement barrels amid low Opec supply
Moody's downgrades CMA CGM over weaker liquidity Ratings agency says acquisition of CEVA Logistics has hit boxship giant's profile.
DSME tipped to scoop giant FSU quartet for Russian Arctic Up to four floating storage units to be inked for Murmansk and Kamchatka LNG transshipment centres
Seacon's four-ship spree in German market hits $100m Singapore owner bags another wide-beam boxship as charter markets keep rising
HMM teams with DSME on smart-ship technology South Korean owner working closely with yard on "internet of things" systems.
HHI expects order flood, with LNG-fuelling a top choice Yard president Sam Ka said owners must think of LNG-fuelling's payback period as being over the lifetime of the vessel
Rotor sail maker Norsepower seals oil major investment Finance from billion-dollar fund backed by 13 oil and gas firms including BP, Shell, Total and Saudi Aramco
Restructuring Bourbon takes 18 ships out of layup And French OSV player's fleet shrinks by 23 vessels as court process continues.
Japan's Fukujin Kisen orders MR tankers at Hyundai Vinashin Japanese shipowner's product carrier duo will be fitted with scrubbers
Work begins on Kogas LNG tank system upgrade dubbed KC-2 KC LNG Tech is working on a new incarnation of its KC-1 cargo containment design, which chief executive Munkeun Ha wants to be named KC-2. Ha, who took the hot seat at the company in June, revealed that Korea Gas Corp (Kogas) is looking at how to improve the KC-1 system as it now has a full understanding of the problems it experienced. First KC-1 LNG carriers primed for redelivery post-repairs
First KC-1 small-scale shuttle LNG carrier goes into service Containment system designer KC LNG Tech expects second bunkering-capable vessel to be ready ahead of schedule
Chinese panamaxes cash in on sanctioned Iran iron ore trade Chinese panamax bulker owners are faced with a choice as Iranian sanctions split their markets into two tiers
Mitsubishi Shipbuilding expands scrubber production capacity Japanese shipbuilder has also begun shipments of units for large tankers and ULCCs.
Panamax deliveries reach 100 in first eight months of 2019 Owners receiving bulkers from newbuilding yards at twice the rate of last year, says SSY
Solstad returns to South Africa with Total charter deal Norwegian offshore vessel operator to relocate two anchors handlers from North Sea spot market
Delta takes stake in LATAM Airlines Delta Air Lines [NYSE: DAL] plans to take a 20 percent ownership of LATAM Airlines [NYSE: LTM] with a $1.9 billion investment in the Chilean-based...
XPO inching way back into the M&A game, Jacobs tells analysts XPO Logistics may be getting back in the M&A game
Lyft's app update de-emphasizes ridesharing Lyft wants to be a one-stop-shop for all urban transit options, which might turn Google Maps into more of a competitor than Uber.
Amazon buys tech firm INLT to help online merchants with cross-border trade Amazon.com recently acquired cloud-based startup INLT, a move designed to simplify importing goods into the United States for Amazon's online merchants, according to Reuters. INLT,...
DOT ends century-old restriction on highway construction Change could reduce congestion caused by accidents and inferior road design.
Momentum behind carriers despite shippers gaining edge in this week's Pricing Power Index Power swings five points in favor of the shippers, but momentum building for carriers leading into holiday season.
FMC splits World Shipping Council exemption petition The Federal Maritime Commission approves the ocean container carrier organization's petition to eliminate publication of essential terms but retains the requirement to file the actual...
Ancala acquires interest in Liverpool Airport Asset investment manager acquires a 45% stake in Liverpool John Lennon Airport
Allcargo planning to acquire Indian firm to expand express logistics footprint Allcargo Logistics is in talks to acquire Indian express logistics firm Gati to increase its share of the Indian warehousing market.
Freight Futures daily curve: 9/26 Freight Futures quiet on Wednesday with a focus on PHI.
German logistics startup sennder acquires Spanish rival Innroute Digital freight-forwarding platform grows European business - and gains 10,000 connected vehicles - after an aggressive year for fundraising.
Hangar A ushers air cargo industry deeper into tech revolution Transparency has become something of a buzzword in the logistics industry, and that is exactly what Hangar A hopes to provide shippers with its new...
Carbon policies may ruin the world's first global carbon offset program "Flight shaming" campaigns failed to recognize that airlines only account for 2 percent of global carbon emissions.
Universal Logistics reports $36 million settlement for accident involving "marginal driver" Universal Logistics reported that it has agreed to a $36 million settlement for an accident that involved a "marginal driver."
Is shipping industry ready for new fuel mandate? It had better be New regulations are expected to affect around 60,000 ships, requiring them to reduce their sulfur emissions by more than 80%.
Port Report: Ocean carriers cut as container rates slide Small tariff increase fails to excite demand as rates reach 2-year lows.
Are female drivers really detained longer than men? (with video) Perception may not be reality, according to the American Transportation Research Institute, which says "discrimation" is the wrong word to use.
Why measuring driver brain waves might be better than cab cameras to prevent accidents Fatigue symptoms can be gathered by measuring the brain waves of truckers, which can be used to sound early warnings before drivers show visible signs...
U.S. rail volumes keep falling (with video) Year-to-date U.S. rail traffic down 3.8 percent from the same period in 2018.
Today's Pickup: Ryder centralizes customer support with national rollout of RAN Ryder has expanded its Ryder Assist Now customer support center nationally, giving customers a single source to get all their questions answered and service issues...
Carrier settles with New Jersey's labor board on driver classification Carriers face prospect of hiring more company drivers should they fail the ABC test.
Further container rate weakness forecast for Q4 The start of the box shipping slack season commences next week when Chinese factories close for the Golden Week holiday. Further spot rate losses are...
Covenant Transport to close its truck service in Mexico (with video) Covenant Transport has decided to end all service to the interior of Mexico, citing dropping spot market pricing, increasing detention times and an inability to...
3D printing evolves from fad to standard process in truck making Additive manufacturing, also known as 3D printing is no longer a fad in truck making. Companies are making greater use of the technology to save...
European shippers unprepared for no-deal 'Brexit' chaos Trade lanes will come to a halt if the U.K. exits the EU on October. 31, believes the Secretary-General of the European Shippers Council.
Shell moves ahead on Argentina shale project, but keeps tabs on political volatility Shell is pressing ahead on a project in Argentina's Vaca Muerta shale play with the goal of ramping up production.
Crude little changed as traders focus on Trump inquiry, Saudi return Crude futures were little changed Thursday, as traders remained focused on an impeachment inquiry into US President Donald Trump.
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