National diesel average falls for second straight week, reports EIA
This week’s average—at $3.037—fell 2.7 cents, following a 1.5-cent decline to $3.064 for the week ending January 13.
Cosco’s $1 billion profit forecast for 2019 includes LBCT sale
Cosco Shipping Holdings has forecast 2019 net profit of almost $1 billion, although the figure includes a significant one-off gain from the October sale of the Long Beach...
MAN Fuel Gas System for New Icebreaking RoRos
MAN Energy Solutions’ marine liquefied natural gas (LNG) fuel-gas-system manufacturer MAN Cryo has inked a deal to supply the LNG fuel-gas supply systems for two icebreaking roll-on/roll-off (RoRo) newbuilds being built at Yantai Raffles shipyard in China for Swedish shipping line Wallenius SOL.
South Korea Anti-piracy Unit Heading to the Strait of Hormuz
South Korea's military said on Tuesday it plans to expand the deployment of an anti-piracy unit now operating off the coast of Africa to the area around the Strait of Hormuz, after the United States pressed for help in guarding oil tankers.Attacks…
Baltic Index Dips to Near 1-Year Low
The Baltic Exchange's main sea freight index fell to its lowest since February on Wednesday, hurt by a seasonal slowdown in demand amid higher costs for shipowners due to a new regulation for shipping fuels.The Baltic index, which tracks rates for capesize…
Ferry Industry Sets Pace on Critical Solutions
Interferry CEO Mike Corrigan describes a distinctly upbeat period in the worldwide ferry community – and explains how the global trade association plans to take its support to far-reaching new levels.There are times when the phrase “there are three kinds of lies: lies…
Truck tonnage volumes see modest gains, reports ATA
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for December—at 118.2 (2015=100)—topped November’s 113.6 reading by 4% after a 3.4% decline from October to November.
FTR’s Shippers Conditions Index sees mild increase
For November, the most recent month for which data is available, the SCI edged up 0.6% to a 7.0 reading on the heels of three consecutive readings at 6.4 from August through October.
With U.S.-China ‘Phase One’ deal done, there are lots of moving parts going forward
While the ink may now be dry from the United States-China Phase One trade deal coming to fruition on January 15, there are more than a few things to watch out for and keep in mind going forward.
North American intermodal fortunes tied to coastal import share?
A migration of cargo import routings into North America from west to east has been under way for over a decade. This is...