Yards start winter work on Great Lakes fleet The Lakes Carriers Association says that more than $97 million in maintenance and modernization is underway on U.S.-flag Lakers idled for winter work at multiple Great Lakes shipyards. "After working around the
Royal Thai Navy picks MAN 175D to power new patrol vessels Royal Thai Navy picks MAN 175D to power new patrol vessels MAN Energy Solutions has won the contract to supply the main propulsion engines for two new 41 meter patrol vessels for
Action by Crescent Towing crew prevents dangerous maritime incident Crescent Towing, New Orleans, La., reports that the crew of its tugboat Miriam Cooper took actions on January 21 that likely prevented a dangerous maritime incident. When four loaded barges broke away
ABS marks three years without a work-related lost time injury Classification society ABS is celebrating an unprecedented third year of zero lost time work-related incidents. "This is a genuinely historic achievement - more than 1,100 days and counting without a lost time
Supply vessel to be converted to operate on ammonia fuel cells Equinor has signed an agreement with Eidesvik Offshore that will see the North Sea supply vessel Viking Energy modified to enable it to cover long distances powered by carbon-free ammonia fuel cells.
Brennan names boat for long-term employee La Crosse, Wis.-based J.F. Brennan Company Inc. is honoring long-time employee Merrell Colsch, or "Cobb" as he has been known throughout his career, by naming the latest addition to its fleet, the
Rototortugs come to the rescue of disabled containership On the night of January 20, two Kotug International Rotorugs picked up a Mayday signal from the 2,506 TEU Euroseas containership Em Oinousses which had suffered a devastating engine room fire, sailing
US tightens sanctions net on Iran's petrochemical sector The US has been tightening the sanctions net on the Islamic Republic since April 2019 when President Donald Trump announced...
Hamburg Süd cuts management post Frank Smet to retire from German carrier after 27 years with company
Scrubber premiums spike tanker earnings boost as fuel prices erode profits Crude tankers fitted with exhaust gas scrubbers appear to be benefiting from the technology in the first month of 2020...
Questions raised over environmental benefits of tanker age restrictions The received wisdom that age restrictions should be placed on tankers to help generate environmental benefits has been questioned by...
Bureau Veritas says French-led coalition on decarbonisation is industry leader BV's commitment to a maritime energy transition coalition is just one of the partnerships the class society has joined as...
Ukraine and Georgia raise Crimea concerns at IMO The US and EU states have backed Ukraine's previous appeals, but the IMO says the dispute belongs elsewhere
The Interview: Tan Soo Koong Having built an illustrious career in the oil and petrochemical trade, SLNG chief executive Tan Soo Koong has moved on...
PIL vessel detention linked to alleged unpaid bunker bill Boxship detained at Durban anchorage over $6m fuel bill
Shipping said to be failing to attract institutional investors 'Institutional investors own everything already and they can choose anything in which to invest,' argues leading maritime asset manager
Star Bulk says fitting scrubbers was a right decision The scrubber investment was a hedge against high fuel costs and was a medium-term solution for the company, which will...
US will adapt 'magic pipe' recipe to new IMO rule violations Many shipowners are said to be insufficiently aware of the expanded potential for criminal prosecutions in the US in cases...
Tanker crew released after kidnap ordeal The crew of a Greek-owned tanker have been released after being held hostage for three weeks in the west of...
Torm buys two LR2 newbuildings from GSI The two vessels will be fitted with scrubbers and the potential for dual-fuel installation
Danish shipping chiefs sign up to women's charter The target is to have 75% of companies in Denmark signed up to the charter by the start of 2021...
Kishore Rajvanshy: The leader who created a maritime family Rajvanshy believes the best business decision he ever made was to launch Fleet's own crewing and personnel department two years...
Harry Banga: Reaping the rewards of hard work, commitment and generosity Caravel Group chief's uncanny ability to time his decisions has not been lost on industry participants
Daily Briefing Free to read: More banks pledge to align shipping lending to climate goals | Fafalios urges care over RD fund...
ICC signs deal to boost digitalisation of global trade and commerce Top names signing up include APRIL, Japanese trading houses Marubeni Corporation and Mitsui & Co, major financial institutions Mizuho Bank, MUFG...
India may benefit from low-priced LNG with Mundra start-up Mundra and a second new terminal, Jaigarh, are expected to come online this year, bolstering India's LNG import capacity
Beijing formally unveils tax waiver for bunker fuel Consumption tax was not mentioned in the announcement, but the levy should also be exempted, in line with similar tax...
Long Beach port director delivers upbeat view for 2020 As a result of the recent Phase One trade agreement between Washington and Beijing, the Long Beach port supremo expects...
DB Schenker cuts logistics jobs tied to Boeing 737 MAX DB Schenker, the freight transportation and contract logistics arm of German rail operator Deutsche Bahn AG, is the latest company to feel the downstream effects...
Online Haul of Fame: Con-way Freight Earlier this month, the CEO of XPO (NYSE:XPO), Brad Jacobs, announced that he intended divest operating units of XPO in an effort to maximize shareholder...
US seeks steering parts divestiture in WABCO-ZF merger Justice Department asserts separation will preserve competition in North America.
Food, beverage sector gained ground in 2019 US warehouse leasing, CBRE says Food and beverage industry increased share of largest warehouse leasing deals in 2019, CBRE says
Covenant Transportation sees 'difficult operating environment' in fourth quarter Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.
Truckload down, Dedicated up in Marten's fourth quarter Intermodal struggled while Brokerage also has a strong period.
Driver abuse complaints continue to follow Amazon Truck owner claims his employer and Amazon worked him "like a rented mule."
Walmart asks court to reconsider jury award to drivers in California Walmart argues that jury took things too literally in awarding back pay to California drivers
737 MAX crisis undercuts Southwest Airlines' profits Southwest Airlines is the latest carrier to describe how the loss of capacity from the 737 MAX grounding is eating into profits.
Ag shippers wants carriers held more accountable for container availability The Agriculture Transportation Coalition has developed service contract guidance its members can use to set parameters for when ocean carriers should issue or withhold detention...
Celadon brings U.S. bankruptcy to Canada in victory for ex-Hyndman drivers Ontario judge agrees to recognize Celadon's Chapter 11 case and appoints trustee to supervise liquidation of Canadian assets.
Flat volumes plus loosening capacity equals more power for shippers Despite strong economic data in favor of the carriers, flat volumes and loosening capacity garners a power grab by the shippers.
Jet engines bolster earnings at railcar lessor GATX Spare aircraft engine dispositions stave off weakened demand for railcars in North America.
Procter & Gamble misses sales expectations amid 'challenging competitive' marketplace Procter & Gamble (NYSE: PG) released its fiscal year 2020 second-quarter results ahead of the opening bell on Thursday. The Cincinnati-based consumer products giant reported...
American Airlines sees steep drop in cargo revenue, volume It doesn't look like American's cargo fortunes are going to turn around soon, but its overall operational performance is improving.
Laws limiting independent contractors shine spotlight on driver leasing companies Staffing agencies lease drivers to fleets stymied by employment regulations.
Freight Futures daily curve: 1/23 National Trucking Freight Futures rise on Wednesday as the East region regains some luster.
Winter storm still spinning over fast-growing Midwest freight market Winter weather not stunting growth in Rock Island freight market.
Transportation technology takes center stage on last day of NITL Summit Freight industry innovators presented their ideas for the future of transportation and supply chains on the final day of the National Industrial Transportation League's 2020...
US rail volumes still sluggish Year-to-date U.S. rail traffic is 7.8% lower compared with the same period in 2019.
Today's Pickup: Waymo to run self-driving trucks in Texas, New Mexico Waymo is now testing self-driving trucks on highways in Texas and New Mexico, plus Rhode Island budgets shortfall in truck toll revenue and House committee...
Heartland Express earnings miss partly related to recent acquisition Heartland Express' financial results were worse than expected in the fourth quarter of 2019. That said, a large acquisition shoulders more of the blame than...
FMC's newest commissioner dives into role Commissioner Carl Bentzel said the U.S. Federal Maritime Commission will have an increasing role in the development of shoreside activities that impact international container shipping.
Automatic processes drive higher customer satisfaction Check-in calls have long been a pain point for carriers and brokers alike. It is possible to reduce these calls while also improving customer service.
Airlines extend 737 MAX blackouts as Boeing eyes earlier production start The infection from the Boeing 737 MAX crisis is spreading through the aviation sector, hurting airlines, suppliers and their employees.
How does captive insurance benefit trucking companies? Trucking insurance continues to get more expensive. Chris Henry and Daniel Pickett provide information about captive insurance agencies.
Recruiting and retaining skilled workers in logistics ecosystem To have an edge in the logistics market, it is critical for companies to spot the right talent and retain them in their ranks over...
Autonomous trucks may come to dominate UK ferry traffic A twin push to reduce labor costs and carbon emissions could transform ro/ro traffic flows, according to white paper.
US Class I rail headcount tumbles Employment levels at the U.S. operations of the Class I railroads hit their lowest point in years, according to data from the Surface Transportation Board.
Union Pacific fourth-quarter net profit slips 10% Net income falls in the fourth quarter amid a decline in operating revenue and a decrease in rail volumes.
C.H. Robinson launches incubator to develop supply chain technology solutions (with video) C.H. Robinson is leveraging part of its $1 billion investment in tech to establish Robinson Labs, a technology innovation incubator.
Trucking industry has cause for optimism despite challenges, insiders say Cautious optimism was a common thread during the Highway Transportation Session at the National Industrial Transportation League's 2020 Summit. The NITL 2020 panel discussion Tuesday...
Pilot Flying J changes name to capture totality of businesses (with video) Seeing expansion of the truck stop business as finite, Pilot Flying J is rapidly expanding its energy business. Reflecting that is a name change to...
Oil union in Argentina's Vaca Muerta play calls off strike An oil union in Neuquen, Argentina's biggest oil and natural gas basin, called off a threat to go on strike after companies vowed to not fire some 700 workers, a union leader said Thursday, easing concerns about the impact on oil and gas production.
Repsol's 2019 upstream production slips 1% to 709,000 boe/d Spanish energy group Repsol's upstream oil and gas production in 2019 fell 1% year on year despite Q4 volumes hitting a record quarterly high driven by increased North American output.
China coronavirus outbreak puts spotlight on global demand growth concerns The coronavirus outbreak in China continued to rattle commodity markets Thursday, as the number of cases increased, as did quarantines, raising concerns of lower demand growth.
HSFO wins second chance in US as a feedstock: sources The implementation of the International Maritime Organization's sulfur reduction regulations for bunker fuel has sidelined high sulfur fuel oil from the global marine fuel pool, but feedstock supply tightness on the US Gulf Coast has created an outlet for Russian fuel oil, giving it a second life in the US.
US crude stocks show counter-seasonal draw amid strong refinery demand US crude supply contracted counter-seasonally last week amid stronger-than-normal refinery demand, US Energy Information Administration data showed Thursday.
Oil bounces on US stock draw, but settles lower on flu-related demand concerns A surprise US crude inventory draw slowed an overnight oil price decline, but futures still settled in the red amid concerns that the further spread of coronavirus could impact demand.
Transition to IMO 2020 marine fuel sulfur limit rule "relatively smooth": IMO "The next important target is fast approaching, when carrying non-compliant fuel oil on board ships becomes prohibited on March 1, 2020," Lim said.
LSSR prices rise on IMO, 0.5% marine fuel blending demand "I do not think it makes much sense on FCC at the moment," another source said.
JAPAN DATA: Nov bonded bunker fuel oil sales up 10.7% from October METI's data also showed Japan's November sales of bonded marine diesel oil fell 0.9% month on month and 15.7% year on year to 62,938 barrels.
China virus may hit 260,000 b/d of global oil demand, mainly jet fuel: Goldman Sachs The impact translates into a $3/b impact on benchmark oil prices, the bank said.
Fujairah to reveal new storage and refining projects as it reclaims more land "This year they (new projects) are likely to be more tankage (mixed products and crude) and refinery," Hamoudi said.
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