|JULY 13, 2020|
- Asia-Europe up 1.9pc to US$920/TEU, USWC off 4.7pc at $2,783/FEU
- Port Houston to get US$80 million grant for box shop development
- Trump White House tells railway pension fund to avoid China deals
- Barb Wilson named Port of Seattle Commission's new chief of staff
- BIFA hails UK government plan to invest in employment programme
- Chinese miners face hurdles as Australia, Canada tensions mount
- Kalmar wins mega reachstacker order from Australian logistics firm
- Panalpina CFO Robet Erni replaces Burkhard Eling at Dachser Group
- United warns 36,000 US-based employees of apprehended layoffs
- DHL 2Q operating profit up 16pc to US$1 billion after revenue loss
- Australian agri-exporter in for extra round of Canberra subsidies
|JULY 12, 2020|
- Baltic's main sea freight index remains static
- Global shipping industry outlook seen negative for next year
- Ministry of Shipping issues draft 'Aids to Navigation Bill, 2020' for public consultation
- NYK Line cautions against website appearing to offer services under the NYK name
- WCI reaches five-year high
- Cashew exports down in Q1, but showing positive trends
- Govt mulls import restrictions with non-tariff barriers on many items
- India's top exports to China remain raw materials
- Requirement of AGMARK Certification prior to import of Blended Edible Vegetable Oils (BEVO)
- Additional Secretary in the Ministry of Shipping takes stock of developments at Deendayal Port
- Berthing of Baby Cape/Capesize vessels at Paradip Port
- Chennai Port offers new concessions for coastal vessels
- Cochin Port gets certificate of appreciation for crew change operations
- Minister calls on domestic companies to manufacture cranes for cargo handling at ports
- NHAI to rank roads for quality
- Global economic indicators looking up
- World economy to contract by 5.2 pc in 2020: D&B
- Call for action to narrow the growing trade finance gap
|JULY 10, 2020|
- Strong demand on Asia-Europe sees carriers hike rates and bring in surcharges
- Manston Airport owner gets green light to develop a new air freight hub
- Canadian perishables shippers turn to domestic market as global goes cold
- As UK freeport consultation ends, Teesside eyes 'investment and jobs boost'
- Australian supply chains threatened by containership crew-change crisis
- Amazon pays the price for missing shipments to countries under US sanctions
- Market talk: turning the A380 into a cargo-only aircraft could be a huge mistake
- Konstantin Vekshin and Nadeem Sultan take new roles at Volga-Dnepr Group
- Leaked Liz Truss letter warns against Boris's Brexit border plans
- Analysis: DSV & CMA CGM ahead - pick the jockey dumped by the horse
|JULY 10, 2020|
- Bath Iron Works files NLRB complaint against striking union
General Dynamics Bath Iron Works (BIW) says that it today filed a charge with the National Labor Relations Board against the IAM Local S6 union for violating the National Labor Relations Act
- Carnival Corporation to accelerate ship disposals
"We have been transitioning the fleet into a prolonged pause and right sizing our shoreside operations," said Carnival Corporation & plc President and CEO Arnold Donald, in a business update for the
- Two submarines share dry dock for simultaneous inactivations
Two elderly Los Angeles-class submarines headed for decommissioning - USS Olympia (SSN 717), commissioned in 1984, and USS Louisville (SSN 724), commissioned in 1986, - both entered Dry Dock 5 at Puget
- Wärtsilä makes Expert Insight available for two-strokes and scrubbers
Wärtsilä's digital predictive maintenance product, Expert Insight, originally launched in November 2019 for four-stroke engines, has now been extended to support two-stroke engines. It is available in combination with Wärtsilä's Lifecycle Solutions
- The Fjords takes delivery of second all-electric cat
Norwegian operator The Fjords has taken delivery of a second all-electric vessel, Legacy of The Fjords, which will join her sister ship Future of The Fjords and plug-in hybrid Vision of The
- Legislation seeks financial aid for maritime in national emergencies
The Chair of the House Committee on Transportation and Infrastructure, Peter DeFazio (D-Ore.), and the Chair of the House Subcommittee on Coast Guard and Maritime Transportation, Sean Patrick Maloney (D-N.Y.) yesterday introduced
|JULY 10, 2020|
- Castor clinches charter for newly acquired panamax
The Nasdaq-listed company has drawn on recent public offering proceeds to help it buy a fourth panama and has chartered...
- The week in charts: Static container fleet; VLCCs used for floating storage
World in-service containership fleet capacity grew marginally in June compared with the previous month, while the number of very large...
- Tanker earnings pick up as IEA expects exports boost
VLCC rates on key routes have jumped by almost $15,000 per day and exports are expected to grow in July
- The Lloyd's List Podcast: Crewing crisis reaches boiling point
Governments have this week pledged to speed up efforts to get hundreds of thousands of stranded merchant sailors home, but...
- UN chief says shipping bailouts must not imperil climate
Guterres makes comments in a speech to the International Energy Agency's Clean Energy Transition Summit
- Going to work may no longer mean being in an office
A survey found people are more productive out of the office. But what about that water-cooler conversation that sparks innovation?
- Swift action is needed to back up summit declaration
Industry leaders are anxious to resolve the crew change scandal as rapidly as possible, but continuing governmental inertia is maintaining...
- Consortia agreements need full access to data
Is access to data on vessel-sharing agreements fit for participating lines to make a proper and reliable self-assessment under EU...
- Posidonia remains 'cautiously' on track for October
'The overall picture is that we have most of our international participants willing to come, subject to being able to...
- Baltic Exchange advises vigilance over market coercion
A circular about a commitment to eliminate market mamipulation raised speculation in some circles about a formal complaint, but the...
- China Merchants names new chairman
China Merchants Group boasted Yuan9.1trn ($130bn) total assets as of end-2019 and Yuan714.4bn revenue for the year
- Hamburg pioneers machine learning to reduce dwell times
Software enhancement to terminal operating system should lead to more efficient yard operations
- MISC link to six Satellite Petrochemical newbuilds
Chinese charterer Satellite Petrochemical originally chose to run the vessels together with US-based Delos Energy Transportation, which quit the deal last...
- Daily Briefing
Free to read: Crew change summit commitment offers promise of political progress | Pledges, platitudes and protocols won't repatriate seafarers...
- Hong Kong introduces mandatory health tests for seafarers
Marine department issues draconian order stipulating that crew members who do not supply a negative test result for coronavirus will...
- TEN orders up to three suezmax shuttle tankers
The move will double TEN's presence in the shuttle tanker sector. This is a niche area within the shipping industry...
- US facing lowest peak season since 2014
Hackett Associates founder Ben Hackett says US imports are performing like a 'yo-yo' - going up one month and down...
|JULY 10, 2020|
- New Chittagong-Kolkata direct service cuts costs, time
- COVID-19 blurs Adani's India acquisition spree
- E-commerce giants provide risk and opportunity for container lines
- Fragmented demand portends rambling US freight recovery
- LTL digitization suggests more dynamic pricing
- US import sourcing shifts cost LA-LB port volumes
|JULY 10, 2020|
- Regulatory filings disclose Tung stake in GasLog
- Carnival to sell $1bn in ships while keeping at least two in fleet
- Weak fuel consumption triggers renewed demand for product tankers as floating storage
- Lars Solbakken says deals are out there - and with higher returns
- Greek aframax tanker enters Libya as NOC lifts force majeure on oil exports
- Carnival to shed 13 vessels amid unprecedented loss
- Hafnia rules out upping bid as it explains Ardmore valuation
- Bimco warns virus stopping owners from meeting scrapping rules
- Shipowners turn to lessors while banks hunker down
- Two more SAM Shipping bulkers to go under the hammer
- Shipping gets creative to tap US government Covid-19 relief fund
- MPC Container Ships nets $27.5m from shareholders
- Liberian Registry hires US LNG expert Dallas Smith
- Shipowners oppose EU emissions trading move as political showdown intensifies
- Keystone Shipping lays up lakers and sacks 94 crew members
- Signal Group-backed FFA platform seeks success where others have failed
- Zooming into the future: a barrister's view of video hearings
- Video arbitration hearings expected to stay after pandemic fades
- Castor Maritime fixes out new panamax to Oldendorff
- Euronav feels undervalued as it makes first $28m buyback move
- IMO edges towards complex CO2 emission reduction scheme
- LNG orders may save the day for South Korean shipbuilders
|JULY 10, 2020|
- Port of Long Beach posts 11.1% container decline
Canceled San Pedro Bay calls more than doubled in the first half of the year compared to 2019.
- China logjam, stubborn storage buoy tanker rates
Most floating storage has yet to be unloaded while delays in China are mounting.
- Port of Oakland volume uptick pleasant surprise
Boost attributed to retailers trying to beat capacity constraints and rate hikes.
- FreightWaves Flashback 1991: War and peace in Kuwait
A tour of war-ravaged Kuwait reveals extensive damage to its international air terminal and seafaring ports.
- US airlines cancel Hong Kong flights over crew testing
Pilots don't want to fly to Hong Kong because of mandatory crew tests for coronavirus. Some airlines have hit the pause button on flights to...
- Supply chain shifts from China boost US Southeast, Gulf ports - CBRE
Real estate and logistics services firm CBRE Inc. predicts U.S. Southeast and Gulf Coast seaports will benefit from supply chain shifts away from China in...
|JULY 10, 2020|
- INTERVIEW: BP's former CFO sees oil price in $45-55/b range during 2021
Global oil prices will likely strengthen over the coming 18 months to hover around $45-55/b if economies continue to reopen and OPEC+ follows through on efforts to drain oil stocks which surged during the peak of pandemic lockdowns, BP's former chief financial officer Brian Gilvary said.
- NWE diesel strengthens to 3-month high on rising demand
Northwest European cargoes of ultra-low sulfur diesel and ULSD barges trading in the Amsterdam-Rotterdam-Antwerp hub strengthened July 9 to three-month highs versus front-month ICE low-sulfur gasoil futures as demand continued to rise amid reduced regional production and limited incoming resupply from other regions.
- European VLSFO market in limbo on oversupply
Oversupply in the European 0.5%S marine fuel market is persisting despite the easing of coronavirus restrictions, with demand for the bunker fuel not yet strong enough to make a big dent in stocks built up during the peak of the pandemic.
- INDIA DATA: June oil products demand fall 7.8% on year to 4.3 mil b/d
India's oil products demand in June fell 7.8% year on year to 16.29 million mt, or 4.3 million b/d, latest provisional data from the Petroleum Planning and Analysis Cell showed, reflecting weak economic activities during the COVID-19 lockdown period in Asia's third-largest economy.
- IEA sees light distillates as the most resilient part of the barrel
While demand for the full range of refined oil products has been hit by COVID-19 and was on a slow path to recovery, light ends have seen the best performance, the International Energy Agency said July 10.
- FERC told pipe development still key as oil, gas sector eyes post-pandemic period
As the oil and gas sectors grapple with coronavirus-related market impacts, the Federal Energy Regulatory Commission was urged to keep advancing pipelines and driving toward efficient markets, but also to adjust to the heightened focus on sustainability among buyers and investors.
- After tech conference, Chatterjee bullish on pandemic responses, need for pipes
Chairman Neil Chatterjee left a two-day technical conference with a positive outlook on how the energy industry has ensured reliable supplies despite the coronavirus pandemic, and with a confirmation of his view that more pipeline infrastructure is needed, he told reporters July 10.
- IEA sees 2020 global oil refinery utilization of 72%, 'lowest in 37 years':
The average utilization rate of global oil refineries is expected to fall to 72% in 2020, "the lowest in 37 years" and the partial rebound in 2021 will only "nudge" it up to 77%, below the long-term average of 80%, the International Energy Agency said July 10.
- Global climate goals need major energy innovation push: IEA
A global goal to reach net zero greenhouse gas emissions by 2050 will be out of reach unless governments and the private sector launch a major acceleration in clean energy innovation, the International Energy Agency said July 2.
- WAF sweet crude loses luster as European refineries turn to more typical slate
The brief boost for prices and demand that West African crude saw over the past couple of weeks has started to fade as numerous factors have seen them lose their luster for European refineries, traders said.
- Brazil's Enauta boosts Q2 oil, gas output 8.9% on year
Brazilian independent oil and natural gas producer boosted output 8.9% year on year in the second quarter after the Atlanta Field returned to full operations after a Q1 maintenance shutdown, according to a production report the company released July 9.
- German cruise line AIDA to resume sailings from August
German cruise line AIDA Cruises will resume sailing from August, after the coronavirus pandemic triggered an industry-wide pause on operations for four months, parent company Carnival Corporation said.
- Brazil's Petrobras, Abu Dhabi's Mubadala in exclusive refinery sales talks: Petrobras
Brazilian state-led oil company Petrobras started exclusive negotiations to sell the Refinara Landulpho Alves, or RLAM, in Bahia state to Abu Dhabi-based Mubadala Investment Company, Petrobras said July 9.
- OIL FUTURES: Crude climbs on improved demand outlooks, virus treatment optimism
Oil prices settled higher July 10 as part of a cross-asset rally fueled by coronavirus optimism, strengthened demand outlooks and a weaker US dollar.