BIMCO names new Secretary General BIMCO reports that, following a thorough executive search, it has appointed David Loosley as its new Secretary General & CEO with effect from June 2020. Loosley joins from the Institute of Marine
Panama Canal to adopt measures to ensure water availability and route reliability Due to changing rainfall patterns and historic low water levels at Gatun Lake, the main source of water for the Panama Canal, from February 15, the Panama Canal Authority will adopt measures
IRPT appoints Dede Smith as Deputy Director Dede Smith has joined Inland Rivers, Ports & Terminals, Inc. (IRPT) as its new Deputy Director. IRPT is a nationwide trade association for users of the U.S. inland waterway system Before joining
Wärtsilä helps short-sea go LNG Four new next-generation 5,800 DWT LO/LO (lift-on, lift-off) short-sea cargo vessels being built at the WuHu Shipyard in China will be among the first-ever of their type to be LNG-fueled. Ordered by
VIDEO: Service deal with Alfa Laval adds connectivity to Safe Bulkers scrubbers In June 2018, Safe Bulkers, Inc. (NYSE:SB) selected Alfa Laval to retrofit 20 of its vessels with PureSOx exhaust gas scrubber systems. Now the dry bulk operator has signed a long-term Alfa
China cites two ships for IMO 2020 violations China cites two ships for IMO 2020 violations The Standard P&I Club says that it has received reports that since 1 January 2020 there have been two separate ships in Chinese waters
UK ports expect smooth Brexit, as volumes decline after stockpiling spike 'There has been a Brexit effect. If you go and speak to the ro-ro specialists at Immingham and Dover, they've...
Iran's flag-shopping fleet drags registries into sanctions net Registries and flag administrations can expect the US authorities to pay close attention to anything that gives off the impression...
Russian diluent heads for Venezuela via Gibraltar STS Vessel tracking shows that state-owned Russian oil company Rosneft is supplying diluent via multiple ship-to-ship transfer shipments and voyages in...
Box lines benefit from seasonal demand Rates have been buoyant on many head haul routes but there are signs that carriers are struggling to recover increased...
US box imports set to stabilise after tariff surges Port throughput figures show impact of tariffs on US imports
Carriers 'battle-hardened' for challenging year Container lines will need to find space for an additional 1.5m teu of capacity this year
Tax rebate to make China a self-sufficient nation for low-sulphur fuel With the tax removal, China's domestic production of very low sulphur fuel oil is expected to top 15m tonnes this year...
BIMCO appoints David Loosley as chief executive David Loosley takes over as head of BIMCO from Angus Frew, who is stepping down for personal reasons after seven...
Shippers call for new criteria to assess consortia rules Global Shippers' Forum calls for 'customer-facing' assessment of consortia benefits
Maersk looks to greater digitalisation to boost Indian trade Under India's Sagarmala national maritime development plan, port capacity has been increased significantly and the right investments are being made...
Letter to the Editor: PIL responds to arrest claims Pacific International Lines chairman Teo Siong Seng confident that vendors continue to support carrier
Daily Briefing Free to read: Bunker bills a bitter pill for PIL | Is shipping at risk from Iran? | Saudis switch...
Indonesia clean energy programme propels Humpuss fleet expansion The Jokowi-led government has come under pressure to substitute imported crude and coal in the transport and power generation sectors...
Qingdao reorganises port management Some executive replacements have been recruited from outside of the company
Dry bulk market fragile as sulphur cap takes its toll Stifel analyst Benjamin Nolan suggests there is a need to either to reduce the cost of freight or increase the...
Moves to reduce tensions along Middle East shipping lanes S&P Global Ratings said it would 'closely monitor the potential long-term effect of the geopolitical tension in the region and...
ADNOC seals LPG and naptha supply deals with Indonesia The deals are seen as potentially helping the UAE-based group to gain more market presence in one of Southeast Asia's...
Training for ballast is still key issue There are dozens of ballast water management system providers. That can cause difficulties for crew members, who have to get...
Research panel debates funding sources for truck parking Advocacy groups differ on effectiveness of public and private financing to meet high demand.
Warehouse project approval violated California environmental laws, attorney general says Moreno Valley ignored environmental regulations when it greenlighted construction of the World Logistics Center, one of the largest complexes in the country.
Why haven't Iran tensions hiked tanker rates (yet)? Tanker rates haven't shot up further on new Iran tensions, yet they remain extremely high.
Volcanic eruption shuts down transportation in the Philippines Taal volcano entered "period of intense unrest", shutting down Manila's international airport.
Overcapacity will continue to dog container shipping in 2020 The shipping consultants Drewry predicts carriers should be able to return "solid if unspectacular results" in 2020.
European airlines report cargo declines for 2019 Three large carrier groups reported similar results.
Federal judge extends temporary injunction against AB5 in California It isn't clear how long the temporary order will be in effect but plaintiffs seem happy that it will be replaced with something longer-lasting.
CES 2020: Kenworth quietly reveals autonomous truck Kenworth skipped the fanfare in showing its Class 8 autonomous truck for the first time ar CES 2020.
Consolidation helps shippers satisfy modern consumers' and retailers' demands To remain competitive in the marketplace, shippers need to adapt.
Freight Futures daily curve: 1/13 Trucking Freight Futures recap for the week ending Friday, January 10, 2020: East region strengthens; West and South regions weaken
Today's pickup: Testing the last-mile waters; Avoiding the Arctic Few truckers have jumped into the last-mile segment; more firms pledge not to ship across the Arctic Ocean
Universal Logistics Holdings names new CEO amid 'soft' environment Universal Logistics Holdings names current head of transportation Tim Phillips as its new CEO. Phillips succeeds former CEO Jeff Rogers who "separated" from the company...
Qatar Airways Cargo launching freighter service to Osaka The return flight on the twice-weekly service beginning this week will stop in Hong Kong.
LR Electric may launch Mack Trucks' electromobility future Mack Trucks has entered the electric vehicle space with its LR Electric refuse truck, but it may not be done. The engine, with modifications, may...
Snowstorms this week to cause more trouble for Northwest truckers (with forecast video) More potential problems for truckers on I-90, US-2 over Northwest mountain passes.
FMC adjusts container shipping violation penalties The U.S. Federal Maritime Commission is required by the 2015 Federal Civil Penalties Inflation Adjustment Improvements Act to annually adjust its civil penalty amounts in...
What is Total Cost Per Mile for truckload carriers? Chris Henry runs fleet profitability benchmarking and analytics for FreightWaves and facilitates the TCA's TPP program. If you are interested in benchmarking your fleet's performance...
Career Tracks: Charter Brokerage, HubTran and OmniTRAX make key hires The Containerization & Intermodal Institute, EROAD and Great Lakes Dredge & Dock announce board appointments.
Fostering sustainable supply chains in era of expedited shipping Businesses can leverage technology and incentivize consumers to ensure sustainability within their logistics operations.
Are nuclear verdicts out of control? Seth Holm of FreightWaves Freight Intel Group writes about the impact of nuclear verdicts on the trucking industry. Will 2020 be a tipping point for...
Amazon Alexa to enable fuel payments at gas stations Amazon has enabled customers to pay digitally at gas stations via Alexa, which can confirm the station location and pump number and activate the pump...
Mercury Gate to expand in Europe this year FreightTech 25 entrant has big plans for 2020, says president and CEO.
MGO-0.5%S spread shrinks in Americas on weather, demand fundamentals: sources The gap between spot prices of MGO and 0.5%S marine fuel bunkers continued to be talked narrow to open the week, as warmer weather in New York played a key role amid weaker supply-demand fundamentals, sources said Monday.
EMEA product tanker rates pressured with stable marine fuel prices Clean tanker vessel owners experienced market softening on the back of fundamentals, with Mediterranean owners in particular having enjoyed skyrocketing rates for large parts of December, as new 2020 Worldscale flat rates fail to support indications at firm levels.
FUTURES 5: Crude backwardation erodes as oversupply narrative takes hold Prompt-dated NYMEX WTI futures settled at parity Monday as oversupply concerns weighed on front-month crude prices.
External: Global Risk Management
US still needs Middle East oil, OPEC spare capacity: analysts Trump reiterated on Wednesday that the US is energy-independent and does not need Middle East oil.
US sanctions on Iran will boost Middle East energy security: State Department official "We've deprived the regime of tens of billions of dollars that would have otherwise gone to fund proxy wars, terrorism and instability."
Singapore oil product swaps assessments to roll over on Feb 17 The balance February swaps will not be published from February 17 onwards.
TRADER NOTE: Pavilion Energy commences Europe LNG, gas operations Jose Simon, formerly the head of global gas at Iberdrola, has been appointed managing director of Pavilion Energy for Europe.
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