Industry News

News from Lloyd’s List – Containers

• Patrick Walters leaves Peel Ports role September 19, 2019
  Peel Ports chief commercial officer is moving on after five years at the port and terminal owner      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Cosco Shipping Ports trims portfolio in Yangtze Delta September 19, 2019
  In what appears to be a revamp of its Yangtze River Delta portfolio, Cosco Shipping Ports is also looking to...      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Reefer industry braces for equipment shortage September 19, 2019
  With reefer fleet growth flat this year and reefer production in the second half of 2019 seen unlikely to meet...      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Port of Oakland’s Chris Lytle wins ‘Connie’ Lifetime Achievement award September 19, 2019
  Connie Awards are presented annually to maritime industry leaders who have had substantial impact on container shipping. Lifetime Achievement awards...      Related StoriesSovcomflot cautiously optimistic for the second half of 2019The Interview: Rod Riseborough 
• Container oligopoly’s capacity management will shape rates, not demand September 18, 2019
  The industry has gained the required agility to mitigate unfavourable macroeconomic events such as the US-China trade spat, says Seaintelligence      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Industry must raise its game on boxship fires, salvor tells IUMI September 18, 2019
  ‘Large casualties need assistance, they cannot be out at sea for a long time, and we’ve all seen that,’ said...      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• No sign of gloom lifting for container sector September 18, 2019
  Overcapacity and higher costs from IMO 2020 rules are putting the box market recovery on hold      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• World Shipping Council joins calls for alternative fuel research September 18, 2019
  Fuel levy proposed to support funding of IMO-led future fuels research and development      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• OOIL appoints Wang as chief executive September 18, 2019
  Wang was elevated to the top management as a vice-president of Cosco Shipping in February, and became the vice-chairman of...      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Avoiding the pitfalls of digitalisation September 17, 2019
  Customer service should not be overlooked in the rush to digitalise and can come back to haunt companies if sufficient...      Related StoriesVLGC rates firm up amid Saudi supply worriesMaritime subsidies failing to achieve goalsDriving digital change 
• New European Commission must enable decarbonisation, but sustain shipping’s competitiveness September 17, 2019
  Ecsa’s Martin Dorsman expects an even ‘greener’ commission and hopes for policies to enable the use of alternative fuels      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• MPC Capital and Zeaborn combine boxship chartering outfits September 17, 2019
  Two German owners announce merger of Harper Petersen and Contship to create a platform commercially managing a fleet of more...      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Hamburg Süd launches airline-style ‘smart’ box booking capability September 17, 2019
  Maersk subsidiary trials instant booking service on selected trades      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Falling Rhine water levels trigger freight surcharges September 17, 2019
  River connections between central Europe and Rotterdam under threat from falling water levels      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Maritime subsidies failing to achieve goals September 17, 2019
  Tonnage tax and other flag incentives often contradict wider policy goals and should be reconsidered, says the International Transport Federation      Related StoriesVLGC rates firm up amid Saudi supply worriesAvoiding the pitfalls of digitalisationDriving digital change 
• Vessel operating costs shrink for seventh year in a row September 17, 2019
  The largest drop came from insurance, the report from the shipping accountant BDO finds      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Shanghai tops liner connectivity index September 17, 2019
  World’s largest port is also the best connected by container line services      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• MPCC charters out two more scrubber-fitted feeders September 17, 2019
  The feedership owner announced charters for six scrubber-fitted ships in 2018        Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 
• Driving digital change September 16, 2019
  Digital transformation projects should not be standalone efforts but should be an integral part of the whole business, says Hapag-Lloyd’s...      Related StoriesVLGC rates firm up amid Saudi supply worriesAvoiding the pitfalls of digitalisationMaritime subsidies failing to achieve goals 
• IUMI looks for ‘more positivity’ as marine premiums grow 1% September 16, 2019
  ‘The hull and cargo markets appear to have bottomed out and we are beginning to see a modest uplift, albeit...      Related StoriesGlencore joins global agribusiness blockchain initiativeLNG Ltd, Delta Offshore agree deal for Vietnamese LNG-to-power projectTMS Cardiff Gas confirms seven-year Total deal 

News from JOC Journal of Commerce

• Low single-digit growth forecast for ocean, intermodal sectors September 19, 2019
  [caption caption="Despite flat to low-single-digit growth in volumes, freight rates are unlikely to fall too far as ocean and surface transportation providers look to manage capacity. Photo credit: Shutterstock.com."]Freight volumes and rates in the US ocean, intermodal rail, and trucking sectors will see flat to low-single-digit percentage growth in the...
• No ‘one size fits all’ for smart container use September 19, 2019
  [caption caption="Mediterranean Shipping Co. has committed to deploying 50,000 smart containers by 2020, using devices manufactured by Traxens. Photo credit: Shutterstock.com."][/caption]HAMBURG — Forecasts for an uptick in the use of sensor-enabled ocean containers by shipping lines over the next few years varies widely depending on views of how integral the resultant...
• Best supply chains look inward: speakers September 19, 2019
  [caption caption="Rosser, McKean, Burke, and Mike Regan (left to right) discuss how shippers of choice are as strong internally as they are externally. Photo credit: Ari Ashe/JOC.com."][/caption]Being a shipper of choice is often as much of an internal discussion as anything else, and the best are well-integrated companies without impenetrable...
• Indian freight groups press government on surcharges September 19, 2019
  [caption caption="The bulk of India"][/caption]Freight industry groups in India are renewing calls for the government to provide greater transparency into ocean carrier surcharges and shipment procedures after what they say was a fruitless end to previous efforts to regulate or streamline controversial supply chain issues.The latest intervention with the Ministry...
• Shippers find value going digital on LTL September 19, 2019
  [caption caption="Pitt Ohio is one of a small group of less-than-truckload companies working with shippers to convert bills of lading into digital documents rather than pen and paper. Photo credit: Pitt Ohio."][/caption]Many less-than-truckload (LTL) shippers use paper bills of lading rather than tablets and smartphones, but companies with digital solutions...
• Mongla port targets Chittagong apparel exports September 19, 2019
  [caption caption="Mongla handled 57,732 TEU of containers and 11.31 million metric tons of bulk cargo in the 2018-19 fiscal year, up from 42,989 TEU and 9.7 million mt in the previous year. Photo credit: Shutterstock.com."][/caption]Bangladesh's second seaport, Mongla, began garment exports Thursday as part of a test case to determine...
• Shea, Lytle honored at Connie ceremonies September 18, 2019
  [caption caption="The West Coast Connie Awards recognized Bill Shea for more than 30 years in the intermodal industry and Chris Lytle’s 53-year maritime career, most recently at the Port of Oakland (above). Photo credit: Shutterstock.com."][/caption]Bill Shea, president and CEO of Direct ChassisLink, on Tuesday received the West Coast Connie Award...
• No easy fix for chassis conundrum: speakers September 18, 2019
  [caption caption="Chassis issues continue to be a flashpoint for disagreement among supply chain participants. Photo credit: Shutterstock.com."][/caption]Issues involving chassis interoperability, shortages, and dislocation continue to hamper productivity at US ports and inland rail ramps, and there is no single solution on the horizon that will make those problems go away,...
• FedEx Freight profit up 10 percent; LTL shipments ‘settle’ September 18, 2019
  [caption caption="LTL volumes have slipped at FedEx Freight, but remain higher than in 2015, 2016, and 2017. Photo credit: Shutterstock.com."][/caption]With $7.6 billion in revenue in its last fiscal year, FedEx Freight is by far the largest United States trucking company and less-than-truckload (LTL) operator, but it has competition.“There are other...
• Port automation threatens US West Coast labor peace September 18, 2019
  [caption caption="The months-long dispute between APM Terminals and Los Angeles dockworkers at the Pier 400 facility revealed deeply entrenched and diametrically opposed views over automation. Photo credit: Shutterstock.com."][/caption]The months-long dispute between APM Terminals and Los Angeles dockworkers revealed deeply entrenched and diametrically opposed views over automation, boding poorly for labor...
• No-deal Brexit fears spur search for short-sea options September 18, 2019
  [caption caption="A no-deal Brexit is expected to cause chaos at UK border entry points, particularly on the busy Calais-Dover corridor. Photo credit: Shutterstock.com."][/caption]HAMBURG, Germany — Shippers are intensifying their search for alternative routes in and out of the United Kingdom as the Oct. 31 Brexit deadline looms over cross-Channel trade.Intermodal...
• Lineage Logistics adds cold-storage space in Europe September 18, 2019
  [caption caption="Lineage has expanded its cold storage capacity through acquisition in the US, Asia, and Europe this year. Photo credit: Shutterstock.com."][/caption]United States-based cold-storage specialist Lineage Logistics is adding two European facilities to its international temperature-controlled logistics network, one in Venlo, Netherlands, and the other in Rijkevorsel, Belgium. The facilities were...
• Container lines: Mandatory slow-steaming would hurt more than help September 18, 2019
  [caption caption="Reducing vessel speeds minimizes the amount of fuel burned in transit, thereby limiting GHG emissions on a per-voyage basis by up to 30 percent, according to one nonprofit. Photo credit: Shutterstock.com."][/caption]HAMBURG, Germany — The head of the group representing major global container lines on Wednesday downplayed the potential for...
• E-commerce pushes ODFL to expand LTL terminal network September 18, 2019
  [caption caption="Shipment volumes at ODFL were down 4 percent overall in August, but the carrier says it needs additional LTL capacity in many US markets. Photo credit: Old Dominion Freight Line."][/caption]Old Dominion Freight Line is betting on continued economic growth by expanding its own terminal network. The less-than-truckload (LTL) trucking...
• Trucking execs temper IMO 2020 diesel concerns September 17, 2019
  [caption caption="Derek Leathers (far left) said at this CSCMP panel that the drug clearinghouse, hair follicle testing, and AOBRD transition to ELDs will have a bigger impact on shippers using trucking in 2020 than the IMO's low-sulfur diesel rule. Photo credit: Ari Ashe/JOC.com."][/caption]Trucking executives say they aren’t expecting a large...
• Truckers bemoan AB 5 effect on California drayage September 17, 2019
  [caption caption="The ultimate outcome from AB 5 could play out in other states where government agencies have been targeting the independent contractor model in occupations such as drayage. Photo credit: Shutterstock.com."][/caption]Trucking representatives this week warned that newly-passed legislation in California that places tighter restrictions on the ability of motor carriers...
• Confidence in low-sulfur supply, shipper acceptance builds September 17, 2019
  [caption caption="The IMO low-sulfur mandate will cost the container shipping industry $10 billion to $15.7 billion more annually, according to various estimates. Photo credit: Shutterstock.com."][/caption]HAMBURG, Germany — Container lines and analysts are signaling higher confidence in there being enough low-sulfur bunker fuel supply to meet the global mandate and willingness...
• India’s southeast terminals boost efficiency to grab share September 17, 2019
  [caption caption="PSA International’s Chennai International Terminals notched a new productivity high when it serviced the “Wan Hai 507” last week. Photo credit: PSA Chennai."][/caption]At a shipping summit in Cochin two weeks ago, marine terminal operators in southern India showcased their capabilities and competitive edge to reassert themselves in a considerably...
• EC shipping block exemption critic expects renewal September 17, 2019
  [caption caption="Olaf Merk, ports and shipping administrator for the OECD"][/caption]HAMBURG — The block exemption regulation that excludes container shipping from competition laws is likely to be amended later this month and renewed for another five years, said Olaf Merk of the Organization for Economic Co-operation and Development (OECD).Merk, who leads...
• project44 ties digital tendering to TMS September 17, 2019
  [caption caption="project44’s newest product is meant to enable shippers to avoid having to search for rates and tender freight outside of the system in which they would ordinarily manage their freight. Photo credit: Shutterstock.com."][/caption]Freight visibility software provider project44 said Tuesday it is providing shippers a way to get truckload rates...

News from Container Management

• COSCO Shipping Ports sells several terminal stakes to SIPG September 20, 2019
  COSCO Shipping Ports (CSP) has agreed to sell its stakes in three Chinese terminals to Shanghai International Port Group (SIPG) for a combined RMB1.0bn (US$150m). The operator is selling its interests in Nanjing Longtan Terminal, Yangzhou Yuanyang Terminal and Zhangjiagang Terminal while also announcing that it intends to sell interests in Taicang International Container Terminal […]
• Eurogate plans to open a new container terminal at Damietta Port September 20, 2019
  Contship Italia and Eurogate, in partnership with the Damietta Port Authority (DPA), have planned to set up the biggest logistic system in Africa and in the Middle East which includes a new container terminal at Damietta Port. Representing an investment of €750m (US$??), the first phase of this project will also include a railway line, […]
• Contract awarded for second phase of Liverpool2 expansion September 19, 2019
  McLaughlin & Harvey has been awarded the contract to deliver the next phase of development at the Liverpool2 deep-water container terminal. The multi-million project will significantly increase the footprint of the site and see the addition of ten cantilever rail-mounted gantry cranes (CRMGs) and three ship-to-shore (STS) cranes. The STS cranes are scheduled to arrive […]
• Crowley Maritime Corp chooses Xvela for collaborative stowage planning September 19, 2019
  Crowley Maritime Corp has selected Navis’ Xvela for stowage planning and to help its users throughout Central America, the Caribbean and the Southeastern United States to work more efficiently. In addition to operating a sizable fleet of vessels, Crowley also operates several terminals and so it chose Xvela to support strong inter- and intra-organisational collaboration […]
• OECD: Shipping subsidies failing taxpayers September 18, 2019
  A new study released by the OECD and the International Transport Forum (ITF) has claimed that the current system of direct and indirect maritime subsidies is failing taxpayers. The report recommends redesigning subsidies schemes to harmonise policies, clarify objectives, make them more conditional on positive impacts, avoid market distortions and improve transparency. The authors noted: […]
• Hyster Europe develops solutions to handle containers in the second rail position September 18, 2019
  Hyster Europe has developed new solutions to help terminals handle containers on railroad cars in the second rail position with the aim to reduce damage and improve efficiency. One of the options Hyster Europe has developed is a hinged elevating operator cabin, available on the Hyster RS46 reachstacker, to help operators have direct visibility of […]
• Thermo King gensets now available from Antwerp’s Thornton Group September 17, 2019
  Generator sets (gensets) from Thermo King are now available as part of the rental offering from Thornton Group, Antwerp, a Belgium-based provider of services to the refrigerated container industry. According to the manufacturer, the operational flexibility that comes with the offering is specifically important for transporters and customers moving temperature sensitive goods on sea and […]
• Refrigerated exports increase by 20% at Port of Oakland September 17, 2019
  The Port of Oakland has recorded a 20% growth in refrigerated export volume, reinforcing its position as the largest exporter of refrigerated cargo in containers among US ports. From August 2018 to July 2019, the port handled 119,756 teu of refrigerated exports – up from 99,740 in the same period a year ago. John Driscoll, […]
• CMA CGM launches rail service from Rotterdam to major German inland hubs September 16, 2019
  CMA CGM has launched the Rhine Valley rail service, which connects the Port of Rotterdam with three important German inland hubs. The service is operated in cooperation with railway operator TFG and consists of six weekly train departures between Rotterdam and the inland hubs of Dortmund, Duisburg and Ludwigshafen. It will officially start on October […]
• Georgia Ports Authority lays out Savannah expansion plans September 16, 2019
  The Georgia Ports Authority (GPA) plans to double capacity at the Port of Savannah’s Garden City Terminal to 11m teu per year, as US East Coast ports continue in their efforts to become more competitive on multiple trade routes. The Port of Savannah moved a record 4.5m teu in the 2019 fiscal year, a 7% […]
• Port International du Cap Haitien goes live with Octopi TOS September 13, 2019
  Port International du Cap Haitien, operated by CTSA, has successfully gone live on the Octopi terminal operating system (TOS), following a rapid three-month implementation schedule. The project has taken the port from a spreadsheet-based, pen-and-paper system to a cloud-based TOS with the ability to process information in real-time, helping to increase and speed and efficiency […]
• Industry needs to ‘meet in the middle’ on port call optimisation September 13, 2019
  In order to make port call optimisation a reality, regulators and ports must ‘meet in the middle’ to build trust and greater collaboration, according to experts at a panel discussion during London International Shipping Week. The panel was hosted by IHS Markit and the International Association of Ports and Harbours (IAPH), and had speakers from […]
• Descartes: US importers looking at Asian alternatives to China September 12, 2019
  With the trade war between the US and China showing no signs of abating, American importers have begun sourcing products from alternative low-cost Asian countries, according to data from Descartes Datamyne. China’s share of Asian imports to the US fell by around 4% in the first half of 2018, with single digit percentage increases in […]
• Insurers warn risk of Iranian Gulf ship seizures remains high September 11, 2019
  Insurance company representatives have warned that, although a few weeks have passed since a ship was last seized by Iran, the risk of further escalation and seizure remains high. Speaking at London International Shipping Week, Beazley insurance company’s head of hull and war Richard Young warned that risks remain high so rates are unlikely to […]
• ICTSI Ecuador launches first transport insurance programme for banana trade September 11, 2019
  The Ecuadorian subsidiary of International Container Terminal Services, Inc. (ICTSI) has launched an insurance programme for growers at the world’s largest banana-exporting port, giving them greater coverage for transport. Compared to traditional insurance, which only covers limited phases in the transportation of the fruit, the integral transport insurance means that the product is covered until […]
• ABP launches first Port Economic Partnership with UK government September 11, 2019
  ABP’s Port of Southampton has launched the UK’s first Port Economic Partnership (PEP) with the Department for Transport (DfT). PEPs were outlined as one way of creating a strong business environment for ports to thrive as part of the Government’s ‘Maritime 2050 – navigating the future’ initiative, launched in January 2019. The PEP will focus on […]
• UK Major Ports Group: Strong Ports more vital than ever for the UK September 10, 2019
  New research has outlined the five key characteristics of the ‘Strong Ports’ that the UK will need to thrive and ensure safe and sustainable operations post-Brexit. Maritime industry experts Drewry has identified the following as key factors to make a port resilient and robust through all weathers: productivity and efficiency, an active role in supply […]
• Simultaneous drone flight demonstrations scheduled for Antwerp September 10, 2019
  A European Union (EU) drone project has tested its first simultaneous drone flights at the Sint-Truiden DronePort with the second live demonstrations scheduled for Antwerp. The Safe and Flexible Integration of Initial U-space Services in a Real Environment (SAFIR) project tested package deliveries, inspection flights and emergency situations and more during its first trial round. […]
• Ricaurte Vásquez Morales takes office as Panama Canal administrator September 9, 2019
  Ricaurte Vásquez Morales, Ph.D., an economist with more than 30 years’ experience in the public and private sector, has been sworn in as the new administrator of the Panama Canal for a seven-year term. Vásquez stated: “Just a few months short of the 20th anniversary of the transfer of the Canal to the Panamanian people, we […]
• Kuenz delivers crane with lifting cantilever to the Netherlands September 9, 2019
  Kuenz has delivered a rail-mounted container crane, equipped with a cantilever lifting system, to CTVrede Steinweg B.V be utilised at its Hoogtij terminal in Zaandam, the Netherlands. The barge crane’s cantilever lifting system will allow the biggest vessels to travel underneath it without risk of collision when the cantilever is lifted into the upper position. […]

News from CN – Container News

• SC Ports reports record cargo volumes September 20, 2019
    The post SC Ports reports record cargo volumes appeared first on Container News.
• India Bangladesh coastal shipping pact may be thrown open to larger ships September 19, 2019
  Stipulation on using RSVs of 6,000 GT likely to be lifted The post India Bangladesh coastal shipping pact may be thrown open to larger ships appeared first on Container News.
• Jordan to ink agriculture deal with Lebanon September 19, 2019
  The Syndicate of Farmers in Lebanon’s Bekaa announced on Monday that the Jordanian agriculture ministe... The post Jordan to ink agriculture deal with Lebanon appeared first on Container News.
• Canadian Pacific recognizes G3 Pasqua September 19, 2019
  Canadian Pacific presented G3 Pasqua with the 2018-2019 crop-year Elevator of the Year award. CP presents th... The post Canadian Pacific recognizes G3 Pasqua appeared first on Container News.
• OOCL joins King Abdullah Port’s operators list September 19, 2019
  In an effort to enhance the trade movement of imports and exports in the Kingdom,King Abdullah Port announce... The post OOCL joins King Abdullah Port’s operators list appeared first on Container News.
• Kamarajar port appoints new chairman September 19, 2019
  Sunil Paliwal, a 1993 batch Tamil Nadu Cadre IAS Officer, took charge as Chairman-cum-Managing Director of K... The post Kamarajar port appoints new chairman appeared first on Container News.
• India-Iran discuss Chabahar port, connectivity projects September 19, 2019
  India and  The post India-Iran discuss Chabahar port, connectivity projects appeared first on Container News.
• Dubai Maritime City embarks on AED 109 Million Phase I Development September 19, 2019
  Dubai Mariti... The post Dubai Maritime City embarks on AED 109 Million Phase I Development appeared first on Container News.
• Another extension for Vizhinjam port project? September 19, 2019
  With the December 2019 time frame set to commission Phase I of the International Multi-purpose Deepwater Sea... The post Another extension for Vizhinjam port project? appeared first on Container News.
• Guangzhou port opens first container line to U.S. east coast September 19, 2019
  Guangzhou Port Group opened its first container line to the east coast of the United States on Monday, Sep, ... The post Guangzhou port opens first container line to U.S. east coast appeared first on Container News.

News from Tradewinds

• Second auction looms for Brightoil VLCC as price disappoints September 20, 2019
  Hong Kong court orders Brightoil Galaxy to be re-tendered after best offer was $61.5m.
• Dire straits for shipping: The TW+ Quiz September 20, 2019
  Test your knowledge of a turbulent three months for the industry
• Ardent management tap alternative finance to buy stake from Svitzer and Crowley September 19, 2019
  Ardent's management buy-out will allow Svitzer and Crowley to focus less on the salvage segment.
• The history boys: Jacq Pierot & Sons celebrates 125 years September 19, 2019
  Founded in Rotterdam, transplanted to New York, Jacq Pierot & Sons is learning new tricks as it navigates its third century
• Secrets of the deep: the Red Sea mystery September 19, 2019
  The loss of a bulker turned into a bitter insurance dispute. But the case never quite made it to court, leaving the market no clearer on the conflicting claims.
• Union Maritime tanker asset play pays dividends September 19, 2019
• VLCC queue shortens as Saudi exports resume after attack September 19, 2019
  The Maran Arete became the first ship to lift from the world’s largest oil export terminal on Tuesday following last weekend’s drone attacks
• Ex-Clarksons man Zeuthen opens up in Denmark for Synergy September 19, 2019
  Experienced executive to spearhead Singapore group's shipmanagement operations in Copenhagen.
• Dynagas LNG strikes deal for 'transformative' $675m loan September 19, 2019
• BNP Paribas forces auction of last Brightoil VLCC September 19, 2019
  Chinese court orders sale of Bright Gem as arrest period expires.

News from The Loadstar

• Hauliers trapped in ports, 150 km queues, and a Catch 22 for business – UK government Brexit ‘plan’ laid bare September 19, 2019
  Brexit’s continuing comedy of errors may see drivers stranded in ports on both sides of the Channel as a result of the UK government’s ongoing failure to prepare and properly advise.    Head of global and European policy at the FTA Pauline Bastidon told The Loadstar she fears drivers may be caught in a “Catch-22” as a result of divergent no-deal customs processes.    […]
• CH Robinson to invest $1bn in technology – or just 1.2% of gross revenues September 19, 2019
  CH Robinson is to invest $1bn in technology and innovation, and related talent, over the next five years, doubling its previous $1bn investment spent over 10 years. President and chief executive Bob Biesterfeld announced the decision yesterday, saying it would create “extreme value”. “We are a platform-driven solutions company with technology built by and for supply chain […]
• Evergreen ULCV order will leave THE Alliance far behind rivals in terms of big ship capacity September 19, 2019
  Evergreen’s new order of 10 23,000 teu ULCVs will bring the Ocean Alliance close to parity with the 2M alliance in terms of the number of 18,000 teu-plus ships in their combined fleet, leaving THE Alliance well behind, according to Alphaliner. The Taiwanese carrier officially confirmed in a stock market disclosure last week an order […]
• Management shake-up at Cosco Shipping September 19, 2019
  OOIL has appointed Wang Haimin (pictured) as the new chief executive of Cosco Shipping, one of three new management appointments.    The container line announced the resignations CEO Huang Xiaowen, and executive director Zhang Wei this morning.   Mr Wang is also chairman for the inside information and risk committees. But he stepped away from his duties as a member of the finance and compliance committees, and leaves his current post as vice […]
• DNV/GL predicts shipping industry will miss IMO 2050 CO2 reduction targets unless drastic action is taken September 18, 2019
  The shipping industry will miss the climate change reduction targets set by the International Maritime Organization (IMO) unless it ‘future-proofs’ newbuilds and continues to invest. According to new research from classification society DNV/GL, the problem lies in the fact that no shipowner can invest in new technology today and be assured that that it won’t […]
• Global container fleet breaches 23m teu as new ULCVs hit the water – and market softens September 18, 2019
  A wave of ULCV deliveries this year has pushed the total containership fleet capacity over the 23m teu mark, with the last million slots added in a breath–taking 14 months, according to an Alphaliner report.  However, the newbuilds, mostly consisting of ULCVs, have arrived at a time of softening demand growth across the major tradelanes of the world, which is already forcing carriers to blank a significant amount […]
• Congress investigates secretary of transportation Elaine Chao over possible conflicts of interest September 18, 2019
  And so it came to pass. Perhaps it was only a matter of time before US transportation secretary Elaine Chao got tainted by the shenanigans in the White House. Perhaps not, but as reported across the media over the past couple of days, and as this interesting analysis by Salon extrapolates, there is considerable evidence […]
• M&A radar: DSV Panalpina – two more prominent PAN heads ‘fired’ as DSV’s superior model prevails September 18, 2019
  The hammering was to be expected ever since the very early days of the DSV Panalpina integration – the start of which I labelled as the Viking Ironclad Age, Part IV. Two prominent Panalpina (PAN) heads who played crucial roles in the PAN centralised matrix structure, have been “fired”, according to my trade sources. Empowerment […]
• Supply chain radar: Schenker rumoured to have approached CMA CGM ‘for parts’ of the group September 18, 2019
  The obvious question for most of my trade sources both in Europe and stateside is: did CMA CGM buy Ceva Logistics on a whim, given how the group’s consolidated financials look currently? Saying “they are horrible”, as one executive put it this week, would be an understatement – surely, the carrier needs help to monetise its likely […]
• M&A radar: DSV & Panalpina combined – here is the ‘air & sea regional management team’ September 18, 2019
  “The recurrent themes are that at PAN morale is low because of the Swiss forwarder’s poor performance – which, incidentally, was confirmed (…) when it released its interim results. Over at DSV, employees – apart from one in America who believes he works for a German company – frequently say their careers are limited by, well, […]

News from Transport Topics

• Experts Discuss Challenges and Opportunities of Drone Delivery September 19, 2019
  Drones can offer an appealing alternative to traditional cargo delivery methods, according to Daniel Friedenzohn, associate dean of the College of Aviation at Embry-Riddle Aeronautical University.
• Rivian is For Real: Amazon Plans 100,000-Vehicle Order September 19, 2019
  Jeff Bezos announced plans Sept. 19 to buy 100,000 electric vans from Rivian, custom-built for Prime deliveries, as part of an Amazon environmental initiative designed to meet the goals of the Paris climate accord 10 years early. The deal follows a $700 million investment in Rivian that the online retailer led in February.
• Independent Contractor Rules Could Disrupt Drayage Operations September 19, 2019
  LONG BEACH, Calif. — The drayage industry relies on owner-operators and the independent contractor model to move freight, but state action in California and New Jersey could limit the number of owner-operators available to work and disrupt drayage operations.
• BMW Plans as Many as 6,000 Job Cuts in Germany, Report Says September 19, 2019
  BMW AG plans to cut as many as 6,000 jobs in Germany by 2022 as part of its ongoing cost-savings effort, according to Manager Magazin.
• Bezos Makes ‘Climate Pledge’ for Amazon September 19, 2019
  Acknowledging a steady drumbeat of criticism from activists and a vocal group of his own employees, Amazon.com founder and CEO Jeff Bezos announced the formation of a new organization, the Climate Pledge, to meet the goals of the landmark Paris climate agreement 10 years early.
• Federal Reserve Injects $75 Billion in Liquidity September 19, 2019
  The Federal Reserve added a third dose of liquidity to a vital corner of the funding markets Sept. 19, helping rates retreat further as investors warn that fresh bouts of stress remain possible in the weeks ahead.
• Unemployment Filings Rise at Lower-Than-Expected Rate September 19, 2019
  Filings for U.S. unemployment benefits rose less than estimated and remained around historically low levels, offering the latest signs that the labor market is holding up.
• Rail, Intermodal Providers Add Technology, Improve Operations to Boost Efficiency September 19, 2019
  LONG BEACH, Calif. — Rail and intermodal providers said they are increasing speed and efficiency to become more competitive, and technology is helping them improve operations.
• Energy Efficiency Across Transportation Sector Focus of House Hearing September 19, 2019
  Congressional support for technologies that promote energy efficiency is key to reducing emissions across the transportation landscape, industry stakeholders told a House panel Sept. 18.
• UPS Shipments Swell in Amazon Era September 19, 2019
  A $20 billion investment spree detailed by UPS CEO David Abney last year, a plan that initially rattled Wall Street, is bearing fruit. Profit margins are improving even as 112-year-old Big Brown copes with swelling volume from voracious online shoppers, who are typically less lucrative to serve than business customers.
• IMO 2020 Could Shift Freight Patterns, Increase Costs September 19, 2019
  LONG BEACH, Calif. — A panel representing the shipping industry spoke about the looming International Maritime Organization mandate that will require cargo vessels to burn low-sulfur diesel, and shippers and carriers said the requirements could lead to price increases or the rerouting of freight.
• US Steel Stock Takes Hit, Earnings Estimates Missed September 19, 2019
  U.S. Steel Corp. said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook. The shares fell.
• Panelists Stress Aftertreatment System Maintenance at TMC Meeting September 18, 2019
  RALEIGH, N.C. — As trucks become more complex and high-tech, so, too, do the repairs and maintenance systems, experts said Sept. 18 at the fall meeting of American Trucking Associations’ Technology & Maintenance Council.
• Ports Post Record Volume as Holiday Season Begins September 18, 2019
  Major U.S. seaports posted growth in containerized cargo volume for August, the start of the season when retailers begin importing holiday merchandise.
• Federal Reserve Cuts Rate .25% September 18, 2019
  Federal Reserve policymakers lowered their main interest rate for a second time this year while splitting over the need for further easing, caught between uncertainty over trade and global growth and a domestic economy that’s holding up well.
• Trump Says He Will Strip California’s Clean-Car Authority September 18, 2019
  President Donald Trump said he will revoke California’s authority to regulate greenhouse gas emissions from autos, confirming a widely-anticipated move that will escalate the ongoing dispute between his administration and California.
• DOT Announces $60 Million in Grants for Automated Projects September 18, 2019
  The U.S. Department of Transportation has announced $60 million in awards to research groups and state departments of transportation that are exploring projects related to vehicle automation.
• Imelda Moves Inland, Dumping Inches in Texas September 18, 2019
  Imelda is threatening to dump up to 18 inches of rain in parts of Southeast Texas and southwestern Louisiana as the tropical depression moves inland over the next few days.
• IANA Honors BNSF’s Steve Branscum, CCM’s Mike Wilson September 18, 2019
  LONG BEACH, Calif. — Steve Branscum, retired group vice president for BNSF Railway, and Mike Wilson, CEO of Consolidated Chassis Management, have received Silver Kingpin Awards from the Intermodal Association of North America during Intermodal Expo 2019 on Sept. 16.
• Intermodal Industry Faces Uncertainties After Strong 2018 September 18, 2019
  LONG BEACH, Calif. — After a banner year in 2018, the intermodal industry is being challenged by a variety of issues, but it remains resilient despite uncertainties.