The House Appropriations Committee’s FY2020 Energy and Water Development and Related Agencies funding bill also would increase HMTF projects by $147 million.
The companies participating “will utilize the experience gained from this operation to accelerate commercialization.”
The Korean carrier has reduced its operating loss and prepared for IMO 2020 but is still concerned about a global economic slowdown, Brexit and the U.S.-China trade conflict.
Among the topics to be taken up by this week’s meeting of ocean shipping’s international regulator will be how the industry can lower its carbon dioxide output. One increasingly talked-about method is reducing ship speeds. Lower speeds reduce a ship’s overall fuel use, thereby reducing its carbon dioxide output. Container lines have not welcomed the […]
Singapore-headquartered liquefied petroleum gas and petrochemicals ocean carrier, Epic Gas (OB:EPIC-ME) today announced minimal losses of US$300,000 in the first quarter of 2019. That’s an improvement of 89 percent, which represents a U$2.4 million uptick from the losses recorded in the first quarter of 2018.
NYSE-listed Diamond S Shipping brings an experienced management team back into the public arena.
Yang Ming Marine Transport (TSE: 2609) narrowed its first quarter 2019 loss thanks to higher volumes of container shipments. The Taiwanese liner operator reported first quarter revenue of $1.14 billion, up 5 percent from a year earlier. The company’s net loss, after tax was $22 million in the first quarter, compared to a $67 million […]
Beth Pride of BPE Global and Melissa Harrington of Descartes will discuss how companies can keep pace with customs compliance, tariffs, sanctions and more.
David Chiang appointed as bunker risk manager, Matthew Garner hired as assistant vice president of ship design and Eric Sabo named head of business development.
Danaos CEO does not believe trade dispute will cut box-ship ton-mile demand.
A consortium to improve the technology used in container shipping just got larger with the addition of several big names in the liner business. The Digital Container Shipping Association (DCSA) said France’s CMA CGM, Taiwanese carriers Yang Ming and Evergreen Marine, Korea’s Hyundai Merchant Marine and Israel’s ZIm are joining the group. The Amsterdam-based […]
Waterways Council Inc. President and CEO Mike Toohey says “the Corps of Engineers-maintained lock system would qualify for Social Security if there were such eligibility.”
Commissioners voted 7-0 in favor of continuing negotiations with the Oakland Athletics for the lease of Howard Terminal as the site for a new baseball stadium.
A pilot program would allow 18- to 20-year-olds to operate commercial motor vehicles in interstate commerce.
Good day, Truck makers have been insisting that medium-duty truck owners are starting to look for the same type of data analytics and remote diagnostic capabilities that long-haul operators have become accustomed to in recent years. Kenworth is the latest manufacturer to heed that call, announcing that its TruckTech+ Remote Diagnostics is now an option […]
“With 90% of Americans living within 10 miles of a Walmart store, we’re well positioned to offer even faster delivery to customers in the future.”
The definitive agreement came more than a year after Amber Road rejected a previous offer by the Austin,Texas-based supply chain software firm.
The company’s Eagle Express X service will offer carriage of container cargo from Asia to Honolulu on alternate weeks.
The countdown for bringing Chinese goods into the U.S. ahead of new import duties is now underway. But it’s unclear whether the sequel will match last year’s container crush due to high inventories and sourcing changes. As FreightWaves reported, last week’s breakdown in trade talks between the two world’s largest economies pushed President Donald Trump […]
Specialist liquid-gas ocean carrier Navigator Gas evidently had a faulty compass in the first quarter of 2019 as it reported a $3.3m loss. The company attributed its results to geopolitical issues along with a variety of one-off incidents around the world. Together they tended to cause an oversupply of ships and a softening of rates in its niche-sector.
