Two more Hamburg fireboats to be Schottel equipped Following the delivery of what was then hailed as Europe's most modern fireboat, the Branddirektor Westphal, last year (see earlier story), the Hamburg Port Authority (HPA) has ordered two more firefighting vessels.
Finnlines orders environmentally RoPax duo at Chinese shipyard Helsinki, Finland, headquartered Grimaldi Group member Finnlines has ordered two environmentally friendly Superstar 5,100 lane-meter RoPax vessels from the China Merchants Jinling Shipyard (Weihai), previously known as AVIC Weihai. Expected to be
CIT leads $56 million financing for two tankers New York, N.Y., headquartered CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business led the arrangement of $56 million in financing toward the acquisition of two large commercial shipping tankers,
Gladding-Hearn will build new class of launch for Maryland pilots The Association of Maryland Pilots has ordered a new class of pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass. Called the "Baltimore Class" after the pilots' base of operations at the
Bouchard ordered to compensate fired whistleblower A whistleblower investigation by the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has found that Bouchard Transportation Company Inc., B. No. 272 Corp - a petroleum barge company based
Greek owners take top S&P spot in 2019 Greek buyers outspent their rivals in all three mainstream market sectors, splashing out a total of $3.2bn on 234 units
Nordic American sees 'bonanza' in tankers market Herbjorn Hansson's company has booked one of its 23 suezmax tankers for a time charter equivalent of more than $100,000...
Dunkirk switches on cold ironing CMA CGM vessel becomes the first to use shore power at French port
Star Bulk set to benefit from scrubber advantage Petros Pappas-led outfit on track for strong cash generation thanks to recent acquisitions and improving dry bulk fundamentals, and early...
Empire gains 'soft' Norwegian listing for product tanker outfit Empire Product Tankers has been listed on the new 'Family & Friends' platform in Norway, described by Oslo Børs as...
Hiscox adopts Concirrus marine hull analytics platform The platform will include a new predictive pricing module, which Concirrus says will enable Hiscox to analyse existing portfolios in...
Finnlines orders new ro-pax vessels New hybrid ferries will be larger and more efficient than current fleet
Daily Briefing Free to read: Insurers' risk body meets amid Middle East tensions | US warns of the possibility of Iranian attacks...
Yang Ming enhances Taiwan to Japan network Weekly service will take effect from January 26, with port rotation being Kaohsiung - Osaka - Kobe - Hakata
Asia to Indian subcontinent box trade set for recovery Exports from China to the Indian subcontinent rose in November 2019, reversing an earlier decline
Qatar and Kuwait agree new contract to supply the Al-Zour LNG project When fully operational, Al-Zour is expected to produce 22m tonnes of natural gas a year and will have a storage...
Enterprise dispatches first ethylene cargo from its new export terminal The shipment, which is destined for Asia, is believed to be chartered by Marubeni
Tasik Subsea wins award in legal tussle with Fugro Fugro and Tasik Subsea are still pursuing claims and counter-claims against each other in relation to the termination of a...
Misdeclared lithium batteries caused fire on Cosco boxship Burnt-out batteries were reportedly found in a container operated by Wan Hai, which was loaded at China's Nanshan port and...
Freight services company owner faces fraud charges Investors in U.S.-based FreightGuru.com bilked out of $800,000, authorities allege.
Air freight volume drops again in November, but at slower pace The November decline was one of the smallest in 2019.
Wabtec buys Iowa locomotive builder and repairer Wabtec says the $29 million acquisition of RELCO will expand its freight services offerings.
Freight Futures daily curve: 1/8 Trucking Freight Futures quietly post mixed results for second consecutive day on Tuesday.
Lytx reports 'largest-ever' investment in video telematics Video telematics provider Lytx Inc. receives new financial backing from private equity group in a deal that values the company at more than $2.5 billion.
Saia's CFO leaves for top executive job at Americold Saia's CFO leaves after just 8 months to return to reefer warehousing firm Americold
Shippers should expect LTL rate increases in 2020 Recon Logistics President expects LTL rate increases in the new year.
Will AK Steel be a steal or a raw iron deal for Cliffs? Is this a golden opportunity for a vertical integration, or is it a defensive move to bail out a troubled customer?
Trump threatens more economic sanctions against Iran "As long as I'm president of the United States, Iran will never have a nuclear weapon," President Trump said in a televised address to the...
Snowstorms keep trucking across Northwestern US (with forecast video) Periods of heavy snowfall, strong winds may disrupt local/regional supply chains in Pacific Northwest.
Today's Pickup: Trucker 'in agony' over fatal Indiana crash Michigan semi driver charged in deadly pileup pens heartfelt note as authorities continue investigation into suspected case of distracted driving that claimed three lives.
Railroads want price-fixing lawsuits at one venue A U.S. judicial panel will hold a hearing in late January that will take up defendant Class I railroads' request to move legal proceedings on...
Air cargo slump does not stop Liege The air cargo market was stricken through 2019, but the Belgian hub still expanded volumes.
Atlas Air lands El Al as new customer El Al is hiring Atlas Air to provide a large freighter and fly it on a key route between Europe and Tel Aviv.
E-commerce returns give truckers boost Truckload returns in the U.K. are expected to double in the next three months.
Greenbrier's quarterly revenue dips on lower deliveries Railcar manufacturer says deliveries fell off from a record sequential quarter.
Drilling Deep: How long does relief from AB5 last in California? The "New Year's Eve surprise" may have been a first step toward getting the California trucking industry out from under the AB5 legislation that will...
Data analytics, digital twins and the idea of supply chain disruption Wider use of technology within supply chains has helped create greater efficiency and better forecasting of logistics operations.
Mexico train robberies rose 13% in third-quarter 2019 During the third quarter of 2019, the number of train robberies in Mexico rose 13% compared with the previous quarter, according to data compiled by...
Trucking Math: Why a 'Mile' isn't necessarily a 'Paid Mile' The trucking world can be confusing at times and no where else is this more obvious than the trucking world's use of the term mile.
How are diesel prices determined? Diesel prices, like all commodities, are priced based in real-time based on the balance of supply and demand. Before we dive into how diesel prices...
BR Williams' Thomas Bardwell: Unexpected pressures will test carriers A host of issues, from regulations to overcapacity, are coming together to place unanticipated stresses on carriers just as 2020 begins.
CES 2020: Kenworth collaborates with Dana on medium-duty electric truck Kenworth and Peterbilt will both put power electronics from Dana in their electric medium-duty trucks.
Politics scuppers St. Louis airport privatization Airport reports increasing cargo activity
FAA bans US airlines from flying over Iraq, Iran The ban follows an Iranian missile attack on U.S. military assests in Iraq.
CES 2020: Ivanka Trump talks the future of work (with video) The first daughter's speech touches on trucking and smart workforce development solutions.
New North American trade pact nears finish in US Senate Senate Finance Committee overwhelmingly approves replacement trade agreement to NAFTA and paves way for full chamber consideration.
Seko acquires forwarder, e-commerce firm Air-City to expand NYC, China operations Seko Logistics acquires Air-City to boost exposure in NYC and China
Nine 'Marine Highway' projects win federal grants The U.S. Maritime Administration (MARAD) has announced more than $7.5 million in grants for nine "marine highway" projects.
Airline trade group monitoring Middle East tensions IATA also said it is critical for governments to communicate with airlines about potential risks.
Zhoushan LSMGO-LSFO spread narrows to record low as LSFO prices rise The price spread between Zhoushan-delivered low sulfur marine gasoil and low sulfur bunker fuel narrowed to $5/mt Wednesday, the narrowest the spread has been since S&P Global Platts started assessing the low sulfur bunker fuel grade on July 1.
FUTURES 8: Crude slides more than 4% as Trump comments, US crude build mollify supply concerns The oil complex settled sharply lower Wednesday as the market shed supply risk premiums amid toned down US rhetoric toward Iran and US crude and product builds.
US warns of maritime threats to Middle East shipping The US-Iran standoff has sent oil prices soaring to touch $70/b on Monday for the first time since September.
Freight netback for Urals FOB Primorsk in 2020 The flat rate will be adjusted using the Worldscale rate published in the Platts Dirty Tankerwire for a 100kt Aframax Baltic to UKC route.
SHIPPING: Owners may avoid Persian Gulf; war risk premia spikes Some of the owners are not prepared for their ships to dock at ports in the Persian Gulf, while others are adopting a "wait and watch" attitude.
S Korea ready to release strategic oil reserves if crude supply disrupted The government will consider releasing its strategic oil reserves in case the country faces disruptions in crude supplies from the Persian Gulf, a Ministry official said.
China's LNG-fueled VLCC could be big win for future natgas demand The order shows that the largest cargo ships are able to run economically on gas.
Singapore 10/500 ppm gasoil spread narrows on ample ULSD supply, firm 500 ppm demand 500 ppm should have more advantage over 10 ppm, if it's going into the fuel oil side to make 0.5% sulfur marine fuel, because of its density, a source said.
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