APM Terminals appoints Birna Ósk Einarsd'ttir as Chief Commercial Officer
New warehouse for agricultural products opens in Rotterdam
NYK inks long-term time-charter contracts for new LNG carriers
ONE announces new service connecting Korea & Central/South China to Straits
Aim for $450-500 bn exports next year: Goyal
WTO launches new online tool to help users navigate changes in product nomenclatures
Adani Ports to stop handling ex-im containerised cargo originating from Iran, Pakistan & Afghanistan from November 15
Deutsche Post DHL Group preparing for potential record breaking shipment volumes
Railways successfully operates two long haul freight trains for the first time on South Central Railway; provides effective solution to capacity constraints
GDP growth of resilient Indian economy projected at 9.1% for 2021-22: Survey
Centre imposes stock limits on edible oils to soften prices in domestic market; importers-exporters given specific exemptions
Equinor, Shell and TotalEnergies JV orders CO2 carrier duo Dedicated CO2 carriers have gotten past the stage of being concepts that win class societies approvals in principle. China's Dalian Shipbuilding Industry Co. Ltd. has just booked an order for two of
Navy nuclear engineer and wife arrested on espionage charges Jonathan and Diana Toebbe, both of Annapolis, Maryland, were arrested in Jefferson County, West Virginia, by the FBI and the Naval Criminal Investigative Service (NCIS) on Saturday, Oct. 9. They will have
The week in charts: Box volume growth eases | Capesize daily rates breach $80,000 | Special Report: Greece & Cyprus 2021 At the start of box shipping's peak season, volume growth is slowing against even 2020's pandemic-strained figures, while tonnage tightness...
Milestone for Tiger Gas as first ship launched The virtual LNG pipeline developed by Tiger could be followed by a similar concept for liquefied hydrogen, while the company...
Shipping urged to stop making empty promises about mental health Seafarer mental health has slipped off the radar as lockdowns are lifted around the world and business charts a new...
Seafarer mental health is not just a pandemic panic A psychotherapist working with seafarers fears they will be put back in their box when the chaos settles. This could...
John Fredriksen is now Euronav's largest external shareholder Tanker tycoon John Fredriksen has earned a tidy paper profit amid rising tanker stocks by quietly buying a $123m stake...
Daehan Shipbuilding wins first boxship order since establishment Deal comes amid a newbuild spree launched by owners in the sector since late last year, leading to a spillover...
Golden Ocean adds to orderbook The company also announced the sale of two of its older panamaxes, proceeds of which will be used for the...
Mixed views on box shipping prospects as Cosco profits hit new high US retail inventory has returned to pre-pandemic levels, while consumer spending on goods has shown signs of a dip. Slowing...
Daily Briefing Delays expected to EU's 2023 emissions trading deadline for shipping | Targets matter, and that's why IMO must adopt net...
Carbon market could disadvantage seaborne trade, warns Grimaldi Grimaldi Group managing director criticises the EU emissions trading system and backs calls for a global carbon measure. Grimaldi has...
Singapore-flagged green ships handed tax rebates and lower fees The green notation will be awarded to vessels that have implemented procedures to reduce their carbon emissions, such as usage...
Wirana moves towards greener ship recycling The project will help shipowners to conveniently and responsibly recycle their marine assets in a safe and environmentally sound manner while...
Anchor may have hit US pipeline months before spill, says coast guard 'We're fairly certain that there was one at least initiating incident that occurred several months to a year ago of...
UPS pushes back residential delivery commitment time for Next-Day Air Service The company moves its commitment times to noon from 10:30 a.m., effective Oct. 18.
China port congestion falls sharply, trans-Pacific shipping rates retreat Pullback in trans-Pacific shipping rates: beginning of the end or brief reprieve with end still not in sight?
Expedited carrier Tri-State acquired by its management team Tri-State Expedited announced it has been acquired by its senior management team.
3 Canadian drivers claim dismissal for following Uber's COVID guidelines Three British Columbia Uber drivers allegedly were fired after refusing to serve unmasked passengers who threatened violence and bad reviews.
Kansas City Southern to utilize Commtrex's transloading platform The platform will help improve supply chain visibility for shippers, KCS said.
Intermodal Activity A boots on the ground look at SoCal port congestion; surviving Amazon's algorithms; Automotive issues and more
OOCL Q3 revenue up 125% to $4.3 billion "This record result was achieved despite severe congestion around the network," says the Hong Kong ocean carrier.
FreightWaves Classics/Leaders: Marcus Garvey started Black-owned steamship company Read about the Black Star Line... Although it had a short history, it is a unique company.
SONAR updates for Oct. 11: Lanes to watch, key notes and more To take advantage of all the information generated by SONAR -- the fastest freight-forecasting platform in the industry -- we'll post a SONAR update file...
Going blue for St. Christopher Truckers Relief Fund Help support truckers and their families with a donation to the St. Christopher Truckers Relief Fund.
Penske Truck Leasing 1st customer for Navistar medium-duty electric Last of major truck makers to launch an electric truck, Navistar places first five medium-duty eMV Series models with Penske Truck Leasing.
Halloween has gone online: E-commerce sales to reach nearly $3B in 2021 As Halloween returns to a semblance of normal in 2021, more consumers than ever before will purchase candy, costumes and decorations online.
Snowstorm to slam Rockies early this week Two feet of snow, along with blizzard conditions, will impact truckers in the Rockies the next two days (video forecast included).
How did we get here? Why supply chains are so wrecked Transportation rate growth has gone parabolic as shipping demand continues to strain networks. What are the fundamental reasons for this and how long will these...
Q&A: XPO's chief diversity officer offers inclusion strategy tips "I am a firm believer that what gets measured gets accomplished," says LaQuenta Jacobs on developing diversity, equity and inclusion programs within a public company.
OIL FUTURES: Crude pushes to fresh highs as market eyes tighter supply outlooks Crude oil futures settled at fresh highs Oct. 11 as the market eyed ever-tightening supply outlooks driven in part by surging global natural gas pricing.
AMERICAS BUNKERS: Key market indicators Oct. 11-15 Spot bunkers assessments throughout the Americas trended higher the first week of the month on support from a stronger US crude complex, and entered the week of Oct. 11-15 monitoring global fundamentals as weak demand persists in many key ports.
Carbon intensity set to be major driver for the future of crude The need to pursue aggressive decarbonization has become ever more urgent, with the Intergovernmental Panel on Climate Change's most recent report underscoring that climate change will almost certainly breach the 1.5 degree C objective set out in the Paris Climate Agreement within the next 30 years.
Chevron sets 2050 net-zero targets for upstream emissions The aspirational target falls short of some European rivals, such as Shell, which also aims to hit net-zero for its more downstream fuel emissions, known as Scope 3 emissions. Chevron's goal fits more closely with previous announcements from BP, Total and others.
Hong Kong climate plan envisages end to coal-fired power, ICE cars by 2035 Hong Kong also plans to achieve the long-term target of zero carbon emissions from vehicles and the transport sector before 2050 through measures including the electrification of vehicles and ferries
UK's Harbour Energy granted CO2 storage license for Humber refining region Several carbon capture and storage projects have been announced in the run-up to COP26 climate talks in Glasgow in November, following a lack of progress implementing the technology on an industrial scale under previous governments.
Tighter supply and soaring gas prices drive European middle distillate crack rally Jet fuel has led the rise, with the paper front-month FOB Rotterdam jet barge crack versus ICE Brent rising 34% in the 10 days to Oct. 8, when it was assessed at $12.41/b, having touched a 21-month high at $12.72/b Oct. 5.
OIL FUTURES: Crude at fresh multi-year highs on tight supply "The oil market is very tight with significant lack of supply on the oil side and energy in general," Michael Poulsen, Senior Risk Oil Manager at Global Risk Management said.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators Traders said the 0.5%S complex has lost steam as demand from the utility sector was easing from its recent uptick
BUNKERWORLD: Bunker prices climb on mounting energy prices, supply disruptions South Korea 380 CST HSFO bunker supply is expected to be tight in October as Hyundai Oilbank and SK Energy are running low on high sulfur supplies, market sources said in the week started Oct. 3.
Asia residual fuels: Key market indicators for Oct 11-15 Premiums for Fujairah-delivered marine fuel 0.5%S is likely to stay supported in the short term due to tightness in low sulfur fuel oil inventories, sources said.
Fujairah delivered marine fuel 0.5%S premium over 5-month high on limited barge availability Barges are kept busy and bunker delivery schedules are congested, a Fujairah-based bunker supplier said.
Asian refiners unhappy with OPEC+ supply, expect Iranian crude to balance market Platts Analytics said the US and Iran could reach a deal in Q1 2022 after lengthy nuclear talks and negotiations.
OIL FUTURES: Crude extends uptrend on tightening supply outlook "Crude oil gained amid a broader rally in the energy sector as fears of strong demand and supply shortage continue to grip the market," ANZ said in a note.
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