|JUNE 10, 2020|
- CMA CGM Q1 profit up 13.5pc to US$48m, but sales off 3.3pc to $5.52b
- LA April volume falls 6pc to 690,000 TEU, LB falls 17.3pc to 519,730 TEU
- Ningbo-Zhoushan port to introduce a new 330-metre container berth
- OOCL cancels 2 June-July transpacific sailings, restores another
- Australia: China won't ease tension after Oz pleads for WHO probe
- China's May exports fall as coronavirus pandemic hits demand
- Emirates SkyCargo marks 5 years at Ohio's Rickenbacker airport
- Virgin Atlantic Cargo to boost cargo-only PAX flights by 33pc
- BA joins the rest and strips seats in planes to boost cargo capacity
|JUNE 9, 2020|
- 2020-Q3 blank sailings gathering pace quickly; global markets lost 4.4 m TEU YTD
- CMA CGM ends Overweight Surcharge from India to West Africa
- First Internet of Things connectivity interface standards for shipping containers published
- HMM Algeciras, world's largest containership, on maiden voyage
- Customs to introduce pan-India faceless assessment in phases
- India's oil imports estimated to fall in FY21
- Chennai Port handles highest parcel size of steel
- JNPT highlights its green initiatives for a sustainable future on World Environment Day
- FIATA & KIFFA postpone 2020 FIATA World Congress to 2022
- Validity of motor vehicle documents further extended till Sept. 30
- Covid emergency credit facility covers all companies and not just MSMEs: Finance Minister
- Facility for filing Nil GST return through SMS rolled out
- EIC installs 10 foot-operated hand sanitising stands with sanitisers at all critical points across JNCH
|JUNE 10, 2020|
- Paperless in the Suisse Romande
- Cargo sous terrain wins big shareholders
- Signing receipts from a distance
- Volumes and sailings keep slipping
- EMS Chartering opens branch office in St. Petersburg
- Lean Marine chooses Jonas Persson as sales director
- Chinese masks for Berlin's hospitals
- SAS re-starts long haul routes
- UECC plans to run on biofuels
- Linde takes Europa sky high
- New China train en route to the Netherlands
- Awarding efforts to protect the environment
- Cargohub launches "Trucking CDM" platform
- "Curiosity of the Day"
- Hellmann inaugurates new CEP facility
- Former LCC WOW Air now tries air freight business
- Chamber of commerce elects new heads for transport division
- Shortsea and feeder operators lodge complaint
|JUNE 9, 2020|
- Airlines must become the disruptors to survive a post-Covid era
- Container shipping could be facing a $10bn-plus loss for 2020
- US ending special trade status threatens Hong Kong's transhipment traffic
- Operators file EC complaint over clause that only dockers can lash boxes
- Maersk to double frequency of sea-rail AE19 service for capacity-hit shippers
- Don't write off 'digital freight forwarders' - look and learn from them
- One supply chain technology platform to handle it all
- US sanctions imposed on Iranian shipping network take effect
- HK government 'will not get involved' after Cathay HK$30bn bailout
- Against the odds: CH Robinson, UPS & DSV - It gets really exciting from here
- The airline industry more than ever needs a new business model
|JUNE 9, 2020|
- Hong Kong aims to be global crew change hub
BIMCO reports that, following several discussions with the Hong Kong Shipowners Association, the administration in Hong Kong is allowing conditional but unrestricted crew change in Hong Kong. According to information provided by
- VIDEO: Drone tank inspection takes another step forward
Remote drone inspection technology continues to grow in sophistication and capabilities. In the recent inspection of a 19.4 meter high oil tank on board an FPSO in Norway, the video shot by
- John T. Myers Locks and Dam set for July 8 closure
The U.S. Army Corps of Engineers Louisville District reports that, due to scheduled maintenance and repairs, the main (1,200-foot) chamber at John T. Myers Locks and Dam on the Ohio River at
- Wilhelmshaven FSRU to have GTT containment system
Paris-headquartered LNG containment system specialist GTT says it has received an order from Daewoo Shipbuilding & Marine Engineering (DSME) for the equipment of the new 26,000-cubic-meter floating storage and regasification unit (FSRU)
- Wake Media's Steve Parks dies at 45
U.K.-based maritime public relations specialist Steve Parks, 45, founder and managing director of Wake Media, passed away suddenly on Sunday, June 7. Parks started his maritime publishing career with Shipping World &
- Havila mulls options following early redelivery of PSV
In another sign of tough times in the North Sea OSV market, Norway's Havila Shipping ASA reports that Shell UK Limited has redelivered the PSV Havila Crusader early. Havila says that the
- Conrad Shipyard wins Great Lakes Dredge and Dock newbuild TSHD contract
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has signed a contract with Conrad Shipyard for the construction of a 6,500-cubic-yard-capacity trailing suction hopper dredge. Delivery is expected in the first quarter of
|JUNE 9, 2020|
- GoodBulk posts loss despite 'outperforming' capesize market
The dry bulk market has seen 'encouraging signs' in recent weeks as China's industrial activity in ferrous metals has regained...
- EU database for shipping emissions rules gets Greens approval
Greens MEP Jutta Paulus insists EU Monitoring, Reporting and Verification document is best available data source, but recognises its instability...
- Port of Gothenburg sees some car volume recovery
Imports have risen since the end of April, but not as much as exports
- From the News Desk: Crunch time for crew changes
Senior industry figures have expressed their dismay at the slow uptake of the protocols published over a month ago outlining...
- Global steel demand to shrink 6.4% this year
The expected sharp drop in steel demand this year will be mitigated by a faster recovery in China, which should...
- Detention and demurrage calculator reveals hidden costs
Daily charges that can add up to thousands of dollars vary significantly by carrier and location
- Evergreen and Yang Ming set to receive state-backed loans
Yang Ming chairman expects the carrier to trim its losses in the second quarter of the year and to fare...
- Lloyd's List magazine: Shipping in the post-coronavirus era
Although the impact of the health crisis will weigh heavily on the shipping in the upcoming years, positives will be...
- Maersk's sustainability chief to stand down
Mr Kornerup Bang will leave at the end of June as Maersk seeks to cut costs
- US west coast box ports continue to lose market share
Labour disputes, regulation and a lack of investment blamed for shift in container volumes to alternative gateways
- Daily Briefing
Free to read: Does China's security law threaten Hong Kong's shipping charm? | Slow adoption of crew change protocols is...
- Stellar Banner declared as constructive total loss
The Brazilian navy will supervise the wreck removal operation
- Hong Kong further eases crew change restrictions
Relaxation of restrictions follows negotiations between local shipping community and the government because the previous exemption was deemed insufficient to...
- Safe Bulkers clinches five-year charters for panamax trio
Announcement of new charters comes as Safe Bulkers posts a loss for the first quarter of the year
- Pompeo declares end to 'generous delay' of sanctions against Iranian ships
Two tankers on the list - Clavel and Petunia - recently delivered Iranian gasoline to Venezuela in violation of sanctions on both...
- Containerised import figures suggest US pandemic is easing
Recovery will be slow and not kick in until 2021, with cargo volumes continuing to decline in the second half...
- Equinor sets carbon target for marine fleet
The oil and gas producer has tankers that burn LNG on hire already and is set to embark on large-scale...
- Awilco Drilling terminates semi-sub rig contract at Keppel
The rig was ordered for $425m in 2018, while in 2019 Awilco Drilling exercised an option for another similar semi-sub
|JUNE 9, 2020|
- North American intermodal volume recovery lags trucking rebound
- US imports from Asia plunge in May after April dip
- US shippers seek clearer view of demand in patchwork reopening
- Air cargo rates will be nearly one-third higher than 2019: IATA
- New tool compares D&D charges across carriers, ports
- Nearshoring offers hope to grim Mexican freight outlook
|JUNE 9, 2020|
- Scorpio Bulkers pulls the rip cord on $60m follow-on shares sale
- Safe Bulkers: capesize rates will rise as long as there's no coronavirus 'surprises'
- Big names jostle for $225m Equinor wind vessel deal
- Cunard extends its fleet lay-up again amid restart plans
- Dry stocks steam past tankers in key market measure as investors look forward
- IMO again requests 'key worker' status for seafarers
- Hoegh car carrier fire off Florida is 'a waiting game' for responders
- Chairman of major charterer Vitol dies from pneumonia
- Capital Product extends Hapag-Lloyd charters at slightly lower rate
- HUHP handysize pool sets about meeting target of 40 ships
- Legal action looms as Shell enforces redelivery of Havila PSV
- Private Frangou vehicle sells second veteran supramax
- US West Coast dockworkers to stop work to honour George Floyd
- Former Berg manager buys out Caterpillar Propulsion
- GoodBulk flips capesizes for cash but posts quarterly loss
- Ocean Tankers-linked vessels flood the secondhand market
- Torvald Klaveness Group suffers loss as bulkers and boxships slump
- Venezuela's opposition unveils 17-tanker proposal for emergency fuel imports
- Bahrain FSU fixed to trader Gunvor in multi-month deal
- Color Group set to gain $21m from debt standstill
- Costamare sends another boxship giant for scrap
- 'Fierce' scrap market as owners scramble to beat second virus wave
- 'Dramatic' lay-up response may limit pain for North Sea OSV shipowners
- Borealis scraps bondholder meeting as liquidity talks continue
- Mozambique LNG poised to book newbuildings in mammoth deal
- Blystad and Klaveness pump cash into Songa Container as bond deal agreed
- MOL locks away its Q-Max FSRU on interim period charter
- Amazon grabs the headlines, but disrupting shipping will be harder
- Torm sells 1999-built LR2 product tanker at healthy price
- Ridgebury exits VLCC segment in $48m sale to Chinese interests
- BMW Group joins push for biofuels in deal with UECC
- Third Covid-19 case detected on Hapag-Lloyd-chartered boxship
- Awilco Drilling tries to ditch rig newbuilding at Keppel Corp
- India's Jalesh Cruises heads into stormy waters
- Penguin sees bullish analyst view toned down over virus fears
|JUNE 9, 2020|
- Longshore unions across nation pay tribute to George Floyd
Peaceful protests and work stoppages take place on day of burial
- Cargo revenues buoy airlines amid $84b loss for 2020
Airlines continue to send out SOS distress signals. The industry's main trade association says profit margins will drop 20% this year, but the increased reliance...
- China has become an even bigger US import source post-COVID
COVID effects far from over, but more positive news on the trans-Pacific.
- CMA CGM reports $48 million profit, receives $1.18 billion loan
French carrier trumpets its resilience and agility during coronavirus crisis
- Fednav shores up maritime operations
Canada's largest privately owned bulk carrier said combining its maritime activities in a single department will improve efficiency and better prepare it for a post-COVID-19...
- 'Ghost' freighters provide marginal boost to shippers
Passenger planes are flying empty. Are there ghosts? It sounds kind of creepy. No need to worry. Airlines are simply putting their assets to use...
|JUNE 9, 2020|
- OIL FUTURES: Prices spike late on slow Gulf of Mexico rebound, bullish 2021 EIA report
Crude oil prices spiked late June 9, ending in positive territory after trading down for most of the day, following a bullish US government report on 2021 global oil demand and news that Gulf of Mexico production was returning slower after Tropical Storm Cristobal.
- BMW joins UECC, GoodShipping to advance biofuel trials in shipping
German auto manufacturuer BMW has partnered with shipowner UECC and the GoodShipping Program to advance biofuel trials on UECC's roll-on, roll-off' car carrying vessels, paving the pathway for decarbonization for car carrier ships as environmental rules loom.
- European LSSR strengthens on VLSFO blending despite muted bunker demand
Northwest European low sulfur straight run values rose sharply June 8, following a competitive bid in the Platts Market on Close assessment process.
- External: Global Risk Management
- Repsol expands VLSFO offer to 15 Spanish ports
- Fujairah's fuel oil exports fall to 18-month low with supplies held in storage
"Fuel oil in Fujairah storage will see seasonal pull from Saudi Arabia, which will soon ramp up HSFO imports," Wright said.
- Knutsen NYK Offshore Tankers orders ships with LNG-fueled gas supply systems
The order for two new 124,000 dwt shuttle tankers was placed with Wartsila in April.