Jan De Nul orders giant crane ship Belgium based Jan De Nul Group has ordered a giant crane ship at the CMHI Haimen Shipyard in China. To be called Les Alizés, it is aimed primarily at installation of new
St. Johns completes first in new ferry series St. Johns Ship Building, Palataka, Fla., recently completed the first in a series of Incat Crowther designed aluminum passenger ferries that it says are "destined for a New York based operator." As
Chinese shipbuilding giants complete merger It's official. Earlier today, China Shipbuilding Industry Corporation and China State Shipbuilding Corporation Limited, were officially merged into one corporation - China Shipbuilding Group - earlier today. China Shipbuilding Goup is now
Steerprop names Riku-Pekka Hägg as CEO Riku-Pekka Hägg is stepping down as Vice President of Ship Design at Wärtsilä to take up a new role as CEO of azimuthing propulsor specialist Steerprop, starting in January 2020. Steerprop notes
ClassNK in joint CBM research agreement Classification society ClassNK has concluded a joint research agreement for developing advanced condition-based maintenance (CBM), a new maintenance and management process for engine machinery plants, and establishing a new classification survey scheme
Siem names LNG-fueled car carrier duo The first trans-Atlantic PCTCs (Pure Car Truck Carriers) to operate full-time on LNG were named Siem Confucius and Siem Aristotle in a November 15 ceremony held at China's Xiamen Shipyard. Owned by
TEN eyes 'strongest' tanker market for years The Greece-based owner's upbeat outlook came after third quarter of the year results took TEN to a net income of...
Greece urges IMO to consider delaying sulphur cap Ioannis Plakiotakis says he fears there could be fatal accidents if outstanding issues regarding the 0.5% sulphur cap are not...
Navios duo to expand with 16 vessels The 10-ship joint venture Navios Europe I was 47.5% owned by Navios Maritime Holdings and 47.5% by tanker arm Navios...
Shippers demand end to secret agreements between container lines Evofenedex says the extension of the Consortia BER in its current form means "the European Commission is harming co-operation between parties...
The Consortia BER: Resurrection by denial The denial of the impact of big data, and business intelligence and analytics systems opens the door to a serious...
Seaspan's $750m acquisition: Diversification or diversion? Does the move to take over APR Energy signal the world's largest containership lessor owner is diverting its capital into...
American Club will contest Munich Re conspiracy action 'The American Club, its managers and their employees acted throughout in accordance with the rules of the club and most...
Daily Briefing Free to read: Global tanker tonne-mile demand falls on US energy independence | CMA CGM to raise $2bn in asset sales...
NYK Line and Pertamina form LNG tie-up Discussions are underway on a joint business, involving the ownership and management of LNG carriers as exclusive partners
Gunvor set to double offtake from Commonwealth LNG Gunvor is making a definitive move on securing low-cost LNG for the purpose of delivering to high-value markets
India commissions new iron ore terminal at Paradip port The high load rate is expected to significantly reduce the preberthing delays at Paradip port
Vietnam no substitute for China on the eastbound transpacific container route A lack of viable alternative capacity and infrastructure will force many shippers to decide that the cost-benefit of moving versus...
Qatar goes it alone with diversification plans Cutting down logistics costs will be critical for Qatar's ambitions to diversify its economy beyond energy
Qatar announces 64% boost in LNG production capacity Although Qatar is facing increased competition from other exporters of LNG, energy minister Saad Sherida Al-Kaabi recently said he was...
Interceptor aims to tackle bulk of marine plastic waste by 2025 Gard-backed initiative aims to clean up 1,000 most polluting rivers, responsible for 80% of ocean plastic
Tsakos looking to cut bigger dividends in 2020 Tsakos Energy Navigation is putting increased dividends at the top of its list of priorities as the tanker market firms in the fourth quarter and beyond. "Increasing the dividend is our first priority," chief executive Nikolas Tsakos said on the company's third quarter earnings call. "We believe that's the best way to reward the existing shareholders who have stuck with us over long years." 'Har
Ex-Aegean directors say lawsuit takes aim at founder, not them The defendants, including Peter Georgiopolous, intend to file a motion to dismiss
Golar plans to pursue US listing for its fleet in mid-2020 Chairman Tor Olav Troim says company may consider sale of part of its cash flow and simplification of corporate structure
Golar LNG ship spin-off paused as planned partners melt away The company posted an $82m loss for the third quarter, while disclosing the spin-off news
US sanctions Cuban company swapped in for state oil firm New sanctions have been placed on a Cuban company that has taken over certain contracts on behalf of Cubametales, which was sanctioned by the US in July.
Performance Shipping widens loss after impairment hit The shipowner is branching out into tankers, but is still dealing with impaired its containerships.
TEN sees 'strongest' tanker upcycle in decades unfolding US-listed Tsakos tanker outfit says has completed fleet preparations for IMO 2020
Oldendorff Carriers sells another handysize bulker Oldendorff Carriers has disposed of another modern Chinese-built handysize bulker. The German bulker operator has sold the 32,000-dwt Dorothea Oldendorff (built 2009) to an undisclosed buyer, the company confirmed. Some European brokers said the ship went for a price of $5.5m, but TradeWinds is told this is "completely wrong" and that the price is $6m. VesselsValue estimates a vessel of the D
Squire Patton Boggs launches shipping group with Reed Smith recruits Global law firm expands with new partners in Singapore
Pareto Securities rides 'Prexit' wave in $400m November to remember Tanker exits by private equity backers and BW Group put Norwegian firm at helm for $400m in shares sales
Diamantis Lemos lines up last product tankers for sale Greek tanker and bulker owner Diamantis Lemos is set to shrink its fleet further with the sale of two Hudong-Zhonghua-built LR1 ships. The 72,300-dwt Despina (built 2006) is presently en route to Panama, while the sistership Archangelos Gabriel (built 2005) is discharging in Los Angeles, according to broker reports. Diamantis Lemos torches 15-year-old tanker pair The ships are likely to fetch
'Hard work pays off' for Hafnia after merger with BW Tankers Despite a third-quarter setback, the Oslo-listed product tanker player remains comfortably in the black for the first nine months of 2019
Chinese steel hangs like the sword of Damocles over cape rates Owners face uninspiring prognosis for 2020 on the back of 10-year highs, due to falling iron ore imports and decreasing production at mills
Avance Gas profit soars but comes in below expectations Avance Gas has seen its profit for the third quarter more than double compared to last year on the back of improved freight earnings, but but the result came in below analyst estimates. The Oslo-listed owner of VLGCs posted $24.7m profit for the three-month period, compared to $9.8m last year. Drewry: China continues to diversify away from US LPG VLGC rates surge on Saudi production issues
Gunvor Group commits to buy three mtpa of gas from Commonwealth LNG Trader and shipowner also strikes marketing deal with Louisiana project
Ocean Yield continues fundraising drive with bond issue Kjell Inge Rokke-backed owner targets five-year issue in Oslo
Oxygen Maritime product tanker to go back under the hammer The Megacore Honami is up for auction in Singapore for a second time as a court battle with lenders drags on
More idle days push Borealis Finance to a loss Boxship and bulker owner also lost revenue to drydockings and surveys
Pioneering expedition cruiseship Polaris scrapped in South Korea Russian-owned Polaris is being recycled in South Korea as a new generation of polar vessels looms
Navios Maritime companies add 16 ships as affiliate is liquidated Two units of Greek shipowning group expand fleet with bulkers, tankers and boxships as Navios Europe I closes down
Harren & Partner Group reveals niche focus as it celebrates 30th anniversary Succession has driven fresh strategies for financing
World's biggest shipbuilder is born in China with assets of $112bn China Shipbuilding Group finally launched through merger of CSSC and CSIC
Chembulk Tankers offloads two more vessels Chemical tanker owner's asset disposals have raised around $40m from the sale of six ships in 2019
Carnival Corp sells another two older cruiseships Cruise giant's Australian subsidiary will take over two Princess ships as replacements
Alpha Bank backs Castor Maritime expansion with new loan Cyprus-based owner says it remains committed to utilizing balance sheet to continue growth plans
Rever Offshore extends Volstad Maritime DSV charter UK-based company has exclusive access to asset until late 2022 with options to extend fixture
Cruise ship runs aground off Thailand's Phi Phi Island Vessel is part of move by French owner to expand into expedition cruise sector
Integrated Logistics continues to bleed-out losses Sino-Malaysian services provider Integrated Logistics (trading as Integrated Group) has announced another poor set of financial results. It looks set to deliver its fifth full-year...
FMCSA takes heat for driver training delay Advocacy group warns lack of ELDT rule directly compromises truck safety.
SAS Cargo to offer dynamic booking with Freightos platform Logging onto an air cargo web site to book space for your shipment is so 2010s. Forwarders and airlines looking for speed and efficiency are...
Scathing reports document negative impacts of Amazon warehouse model Among the findings: The serious injury rate in some facilities is double the national average for the warehousing industry, and for every $1 in wages,...
Commerce seeks to protect US digital economy from sabotage A proposed rule calls for the Commerce Department to determine whether certain technologies pose a threat to U.S. national security and prohibit those trade transactions.
The big apple The launch of Washington state's first homegrown apple variety on Dec. 1 is getting the kind of star treatment typically accorded the release of a...
CBP seizure takes more than 5,000 fake IDs out of circulation Shipments of counterfeit driver's licenses and blank card stock were discovered and seized by Customs and Border Protection officers at Louisville and Memphis mail facilities.
US approves trans-Atlantic joint venture without Alitalia New joint venture replaces separate agreements
Freight Futures daily curve: 11/26 Outbound LAX Trucking Freight Futures remained weak on fundamentals after Monday's trading session.
Drayage Update: NEXT expands its drayage marketplace John Papageorgiou, Senior Product Manager at NEXT Trucking, sits down with FreightWavesTV's Emily Szink in Chicago to talk about the company's updated drayage marketplace.
China export pain mounts as tariffs bite China's exports to the U.S. contracted last month. Even so, slowing U.S. exports to its trade rival saw China's trade surplus with the U.S. widen.
Commentary: Mentors can change careers and industries... Jim Blaze writes about the power and influence of mentors on a person's career and life.
Is slowing down your speed to save money worth it? Potential strategy to increase efficiency in a down market
Uber Freight's new head of product on building "a culture of customer obsession" Over the past two and a half years, Uber Freight, the freight brokerage division of Uber Technologies (NYSE: UBER), has already proven itself capable in...
Today's Pickup: Schneider adds tool to allow carriers to book loads at the click of a button Schneider National has added a tool called Load My Truck that allows third-party carriers to instantly book loads at a click of a button. Also,...
Canadian National and Teamsters reach deal to end strike Normal rail service to resume on Nov. 27, ending a week-long strike that has shaken Canada's supply chain.
Freight Brokers: Where are we in the freight cycle? Gross revenue and margins are in the most difficult stage of the cycle right now.
"Death ship" capsize kills over 14,000 sheep (With Video) Animal rights groups call for the European Commission to ban the live transport of animals following the Black Sea tragedy.
Class I rail employment hits new low Headcount within U.S. Class I rail operations tumbles amid declining rail volumes and the deployment of precision railroading.
The black Angus bull trade and the need for tracking its supply chain The trade of Black Angus bulls is a global supply chain that needs a verification system, which can keep counterfeit beef from reaching the consumers'...
European Commission skeptical about more government aid for Alitalia Proposed loan may run afoul of EC rules on state aid
Bunker trader KPI Bridge Oil's 0.5% LSFO sales exceed HSFO Bunker trading company KPI Bridge Oil's 0.5% sulfur fuel oil sales have exceeded its sales of high-sulfur fuel oil for the first time, CEO Soren Holl said, as the market begins to shift rapidly toward cleaner fuels ahead of the International Maritime Organization's 2020 marine fuel mandate.
Thailand's IRPC sells Nov LSFO at smaller discount as IMO 2020 draws closer The company sold 15,000 mt of LSFO with maximum 0.45% for loading in November from its 215,000 b/d Rayong refinery at a discount of around $90/mt to the Mean of Platts Singapore 10 ppm gasoil assessment, the source said.
Demand for 0.5% bunkers outstrips availability at East Med ports: sources With almost one month left until the new sulfur cap regulation on marine fuels drops to 0.5% from 3.5%, European and Mediterranean ports have experienced varying degrees of uptake in 0.5% bunker fuel as market players prepare.
Crude settles higher, with focus remaining on US-China trade talks
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