IMO 2020: Debunkering deadline looms Although the IMO 2020 transition to low sulfur fuels has so far been smooth, U.K.-based law firm Hill Dickinson notes some issues are arising over the margin for error in testing the
Offshore wind: Port of Virginia and Ørsted in lease agreement Virginia Governor Ralph Northam this week announced an agreement for Ørsted to lease a portion of the Portsmouth Marine Terminal for offshore wind staging materials and equipment. The agreement was ratified January
Brazilian-built PLSV gets contract after being in lay-up since 2018 DOF ASA reports that the Brazilian-built pipelay support vessel (PLSV) Skandi Vitoria, has been awarded a contract with TechnipFMC. The contract will commence in January with a validity of two years plus
Damen converts 2013-built PSV into a fish feed carrier Norwegian fish feed distribution specialist Eidsvaag has contracted Damen Shipyards to convert a platform supply vessel into a fish feed carrier. "One of the main things that made Damen stand out as
All American Marine awarded Phase I deal for MLB SLEP program Birdon America, Inc. has named All American Marine, Inc. (AAM), Bellingham, Wash., as the West Coast shipyard for Phase I of the U.S. Coast Guard 47-foot motor lifeboat (MLB) Service Life Extension
Kirby to acquire Savage tank barge and towboat fleet Houston-headquartered Kirby Corporation (NYSE: KEX) reports that it has signed of a definitive agreement to acquire the inland tank barge and towboat fleet of Savage Inland Marine for approximately $278 million in
French lender signs up to the Poseidon Principles French investment bank joins lenders in aligning financing policies to shipping with international environmental targets
Banks urge shipowners to comply with 'what society wants' The Poseidon Principles are only a first step. Bank lenders are warning ship operators that in relation to the climate...
Concordia buoyant on product tanker market prospects Tough couple of years is followed by long-awaited recovery in 2020 that could carry over into next year
UK takes control of shipping protection in Gulf Royal Navy formally takes command at a ceremony in Bahrain, where the US Fifth Fleet is based, and will remain...
Stolt-Nielsen sees 'gradual upturn' in chemical tankers Stolt-Nielsen's net profit grew to $5.53m in the fourth quarter of 2019, but annual profits fell.
Singapore reports coronavirus case in seafarer The Maritime and Port Authority of Singapore has been conducting temperature screening at all sea checkpoints since last week
Yangtze river port calls fall following coronavirus outbreak Additional blank sailings announced as WHO considers whether to declare emergency status over virus outbreak
Wärtsilä expects improved scrubber activity but warns of installation delays The Finnish firm experienced a difficult year in 2019 because vessel contracting was lower than expected and overrun costs took...
Vale confirms expiry of COAs linked to converted VLOCs The new COAs linked to the newer ships are part of Vale's strategy to lower both freight costs and emissions
Euronav signals tanker market recovery keeping momentum into new year The imposition of US sanctions against China's Cosco effectively removed a huge chunk of the market in September 2019 and...
Lloyd's List Global Awards 2019: Celebrating success in shipping For 23 years, Lloyd's List has sought to promote innovation, excellence and leadership in shipping across the globe through its...
Lloyd's List Global Awards 2019: The winners The Lloyd's List Global Awards are the culmination of the Lloyd's List Excellence in Shipping Awards 2019
Costamare in talks for more scrubber-linked charters US-listed containership owner says interest in scrubbers among carriers remains high, while retrofit delays at yards are manageable
Daily Briefing Free to read: Converted VLOCs exit fleet as Brazil said to step up checks | Dry bulk market faces uncertainty...
Physical market weakness pulls back LNG shipping LNG shipping rates have constantly declined and were last assessed at almost half winter peak levels
Maritime union criticises Australian response to coronavirus At present, merchant vessels are only required to self-declare any quarantine or biosecurity threats before arrival into Australia
Crew evacuated after tanker fire in Gulf An investigation into the cause of the fire is in progress
Kirby's inland-barge consolidation push continues Kirby, already America's largest river-barge transporter of petroleum, gets bigger still.
Does UPS have too much Amazon business? Too much Amazon traffic may spoil the Brown broth
USA Truck's losses accelerate as 'organizational changes' continue USA Truck reports another worse-than-expected loss as it revamps the company.
CBP rakes in record $72 billion in duties for fiscal year 2019 U.S. Customs and Border Protection said the 73% collected-duty increase over last year was mostly the result of ongoing punitive import duties on steel, aluminum...
ArcBest makes its numbers but the quarter overall is weak Most key metrics were lower for the LTL carrier/brokerage company.
TRATON makes unsolicited $2.9 billion bid to buy rest of Navistar TRATON makes long-expected move to take over Navistar despite claiming disinterest. Navistar says it will take a look at the offer.
Meritor wins heavy-duty truck electrification business from PACCAR As more of its drivetrain business moves to electrification, Meritor focuses on integrating recent acquisitions TransPower and AxleTech.
Amazon crushes away fourth-quarter earnings estimates; stock soars after hours Amazon blows past analysts' EPS estimates for q4
Daseke sees smaller loss in fourth quarter, restructuring 'on schedule' Daseke updates guidance, lowering the expected fourth-quarter loss. The company's restructuring remains on track.
WHO declares coronavirus a public health emergency, but doesn't urge travel ban The World Health Organization's leadership went out of its way to praise China for its handling of the deadly outbreak.
Excess capacity and bad earnings sink the DHL Supply Chain PPI this week This week's DHL Supply Chain Pricing Power Index: 30 (Shippers) Last week's DHL Supply Chain Pricing Power Index: 35 (Shippers) Three-month DHL Supply Chain Pricing...
How coronavirus crisis affects tanker shipping and stocks Tanker giant Euronav warns of fallout from coronavirus crisis.
AscendTMS enables users to make parking reservations within TMS AscendTMS is the first TMS to allow users to reserve parking for drivers inside the system, thanks to a collaboration with TruckPark.
AB5 may be especially tough on older Hispanic drivers, fleet owner says California owner-operators argue their livelihoods are at stake under new labor law.
Echo Global rolls out Preferred Lanes, Suggested Loads on EchoDrive platform Echo Global adds features that suggest loads along favored lanes for carriers using its EchoDrive platform.
Freight Futures daily curve: 1/30 Trucking Freight Futures end Wednesday little changed as lanes in the West continue to diverge.
Commentary: Drug smuggling increases on the high seas Ben Thrower writes about the increased use of cargo ships to smuggle drugs.
Canadian Pacific sees volume opportunities A short line acquisition in Atlantic Canada and enhanced crude oil production in western Canada could boost rail volumes in the coming years, executive said.
Boeing 777X will have more belly capacity than current 777s Boeing is planning to begin 777X deliveries next year, but it is unclear when airlines will begin flying the new widebody.
Mack Trucks adds first medium-duty in two decades Mack is back in medium-duty trucks with its first offering in two decades coming this summer from a new plant near Roanoke, Virginia.
Mobility technology company Aptiv registers slow Q4 growth amid GM labor strike Aptiv's Q4 2019 U.S. revenue stood at $3.6 billion, a decrease of 1% year-over-year.
Boeing, key supplier agree on slow restart to 737 MAX production Boeing's 737 MAX production won't come rushing back as soon as regulators lift the aircraft's flight ban. Slow and steady is the plan.
Volatile weather keeping Northwest freight region on its toes (with forecast video) Reefer rejections remain high, but oscillate as weather changes.
Volvo reports drop in truck orders, net sales in fourth quarter Volvo Group reported a significant jump in its fourth-quarter income, but truck orders and net sales declined compared with 2018 numbers.
Roadrunner's LTL division slashes delivery times in multiple lanes Upgrading docking, a new Northeast hub to come and the "weekend advantage" all played a role in the improvements
Landstar still waiting on inflection in demand and capacity (with video) Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar's conference call.
Commentary: Who pays for IMO 2020? Darren Prokop writes about the implementation of IMO 2020 and how its costs will be absorbed and/or passed along...
WTT?!? weekday wrap: Air Cargo 2020 loaded for takeoff [with videos] In case you weren't able to catch our live broadcasts from Music City at the Air Cargo Conference at the top of this week, don't...
US rail traffic slumps again The drop comes as the Class I railroads look to the second half of 2020 for volume growth.
Today's Pickup: UPS partners with self-driving startup Waymo to deliver parcels UPS partners with Waymo for delivery; Coronavirus could decline Chinese production; research breakout in fuel cell technology
FreightWaves TV Fireside Chat with Susy Schoneberg at Air Cargo 2020 [with video] At the Air Cargo 2020 Conference in Nashville, Tennessee, we had the opportunity to catch up with Susy Schoneberg, head of Flexport.org, for one of...
Parade helps Jones Logistics move to digital brokerage operation Open-deck logistics provider Jones Logistics turned to AI-powered solution from Parade to build a digital brokerage for load management
US Class I railroads eye intermodal lane opportunities Union Pacific opens lanes, while Norfolk Southern talks lane opportunities to take market share from trucks.
UPS posts solid fourth-quarter operating results; net income hit by pension, legal, operating charges UPS posts largely expected Q4 results as operating gains and nontax and after-tax charges cancel each other on the bottom line.
Maritime History Notes: Dry cargo on tankers Over the years, hundreds of tankers were employed in the grain trades.
Marathon CEO predicts 'stair-step' of diesel margins in response to IMO 2020 Head of giant independent refiner not surprised by lack of movement this early in the regulation.
WAF freight rates eastward down 40% in Jan amid post-IMO 2020 adjustments Freight rates from the West African region heading towards the Far East have dropped considerably in the large tanker market segment over the last three weeks, amid adjustments in the shipping industry after the launch of the new International Maritime Organization sulfur regulations at the start of the year.
Competitive prices buoy S Korean bunker market amid waning demand overseas Demand for bunker fuel in South Korea remained robust amid competitive prices, even as demand for the compliant low sulfur marine fuel dropped significantly across other Asian ports.
ARA diesel, gasoil stocks rise 6.3% on week amid soft ULSD, heating oil demand Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub increased by 6.3% on the week to 2.548 million mt as of Wednesday, Insights Global data released Thursday showed.
Genco completes scrubbers program for Capesize fleet to comply with IMO 2020 The scrubbers were installed on the entire Capesize fleet by January 17, the company said.
Singapore delivered marine fuel 0.5%S outpaces Fujairah; widest gap since July 2019 Singapore delivered marine fuel 0.5%S climbed at a faster pace as compared with the same grade in Fujairah on Wednesday, S&P Global Platts data showed, expanding the gap between the two to the widest since Platts first started assessing the grade on July 1, 2019.
China set to slash crude throughput, imports as coronavirus dents consumption Singapore delivered marine fuel 0.5%S climbed at a faster pace as compared with the same grade in Fujairah on Wednesday, S&P Global Platts data showed, expanding the gap between the two to the widest since Platts first started assessing the grade on July 1, 2019.
Argentina extends diesel, gasoline price freeze until end of February Argentina's government said Thursday it has extended a freeze on diesel and gasoline prices until the end of February, as it tries to reel in one of the highest inflation rates in the world.
Low sulfur marine fuels getting less viscous in Asia on cheaper gasoil An increased use of relatively cheaper gasoil in blending is leading to a broader decline in viscosity levels for IMO-compliant low-sulfur marine fuels being traded in Asia, industry sources said this week.
Oil futures resume slide as virus spread prompts demand concerns Oil futures settled lower Thursday amid demand destruction concerns following the further global spread of coronavirus.
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