|JUNE 16, 2020|
- April box demand fell 8.1pc to 2.4m TEU: Container Trade Statistics
- Port of Savannah commissions first 9 of 18 Mason Mega Rail tracks
- Nearly half the major ports see drop in box ship calls: IAPH report
- Commerce Ministry says China aims to bolster trade ties with ASEAN
- Port of Oakland names longtime shipping vet as maritime director
- Intermodal Asia Conference to be held in March 2021 - not this July
- Cathay finds cargo only bright spot in otherwise grim month of May
- Britain's airlines launch legal action over quarantine of new arrivals
- SF Express first cargo flight into Beijing Daxing International Airport
|JUNE 15, 2020|
- APM Terminals & NRC restore rail service at Nigeria's Apapa Port
- DP World acquires 51 pc stake in Ukraine terminal
- Initiative to realise autonomous sailing ready to start demonstration voyages
- Lockdown effects on liner industry
- New restriction on acceptance of waste cargo in China
- Anti-dumping duty on nylon tyre cord fabric imports from China extended
- CBIC begins using e-Office in all CGST & Customs offices
- Exports improved in May, down by 36 pc against 60 pc in April, says Piyush Goyal
- Coal imports at Major Ports down
- PSA Cargo Solutions in strategic partnership to expand services for Global Terminal Operations & Logistics
- FDI in food processing sector up by 44 pc
- Forex reserves cross half-a-trillion-dollar mark for the first time
- International trade in goods projected to decline 20 pc in 2020
- Allcargo Logistics distributes essential seeds to villagers in Maharashtra
|JUNE 16, 2020|
- Hector Rail changes hands
- Ceva expands its capabilities in Africa
- TIA picks interim CEO
- RAL-Eimskip cooperation is operational
- Another solution to use passenger cabins
- Anand Stanley appointed president Airbus Asia-Pacific
- Bad May in the Port of Los Angeles
- Ten more trucks for operation across UK
- China train delivers medical products to Czechia
- ANA Cargo's first Frankfurt flight
- Felix Transport increases vehicle fleet
- "Curiosity of the Day"
- Another cargo only ferry service
- Railway's propane supply chain sets new record
- Director general for France Logistique
- Descartes acquires Kontainers
- United Cargo re-adjusts Switzerland service
|JUNE 15, 2020|
- Transpacific spot rates hit highest level for 18 months, but US imports are drying up
- Ceva Logistics drives ahead with its plan to increase its footprint in Africa
- What's the future for global mail after Covid has put its stamp on services?
- Cautious industry welcome for 'light touch' post-Brexit customs controls
- PSA and One Network solutions team up to provide supply chain visibility
- ETSFs could be the answer to post-transition UK import clearance chaos
- Qatar Airways Cargo's Peter Penseel to be head of airfreight at Ceva
- Ben Mitchell confirmed as Yodel's new chief financial officer
- M&A radar: Dancing in the dark with Geodis, Hellmann & Röhlig
|JUNE 15, 2020|
- Vigor wins $30.2 million MSC contract
Vigor Marine LLC, Portland, Oregon, has been awarded a $30,269,098 firm-fixed-price contract for a 120-calendar day shipyard availability for the post shakedown availability of the expeditionary sea base USNS Miguel Keith (T-ESB
- Vancouver Shipyards awarded CAD 2.4 billion Joint Support Ship contract
The Government of Canada has awarded a performance-based National Shipbuilding Strategy contract to Seaspan's Vancouver Shipyards for the full construction of two joint support ships (JSS). Valued at CAD 2.4 billion (about
- PODCAST: Q-LNG's Chad Verret talks LNG bunkering
In this edition of Listen Up!, we talk to Chad Verret. He is the fourth generation of his family to work in the maritime industry, and is president of Q-LNG Transport, chairman
- Dive Technologies completes build of large displacement UUV
Dive Technologies, Inc., a Boston-based subsea robotics designer and manufacturer, says it has completed the integration and build of its first full-scale commercial large displacement (LD) unmanned undersea vehicle (UUV) platform, the
- VIDEO: Brazilian Navy supervises scuttling of giant ore carrier
Within days of being refloated by salvors, a 2016-built, 300,800 dwt ore carrier has been declared a constructive total loss (CTL), towed to deep water and sunk under supervision of the Brazilian
- MARAD awards $9.5 million in America's Marine Highway grants
The U.S. Department of Transportation's Maritime Administration (MARAD) has awarded $9.5 million in America's Marine Highway Program grants to eight projects. The funding supports the enhancement of navigable waterways and expands existing
- Damen delivers new-design ASD tug to Iskes
Damen Shipyard Group has delivered a tug that it calls a "one winch wonder" to IJmuiden, Netherlands, headquartered Iskes Towage & Salvage. The tug, the Jupiter, will operate in the ports of
|JUNE 15, 2020|
- V.Group chief says seafarer repatriation 'still far too slow'
Some 30% of seafarers are already overdue repatriation; by the end of the month that figure will be 45%. While...
- London P&I back to black on higher premiums
London P&I Club anounces operating surplus and an increase in free reserves over the past financial year
- APL England owner ordered to recover lost containers
Authorities mapped a 1000km2 search area to find the lost boxes, which threaten the environment
- Hin Leong: Half of fleet idled as oil trader seeks buyers
Inability of the Ocean Tankers vessels to trade, for whatever reason, is the clearest sign yet that the fleet is...
- CEVA Logistics agrees deal to expand in Africa
CEVA will add 1,000 employees from the acquisition and will also integrate three CMA CGM inland facilities into its African...
- Transpacific box rates surge could be temporary
Capacity reductions suggest no expectation from carriers of sustained demand growth
- MOL and NYK to test autonomous vessels
The technology is aimed at the critical coastal shipping segment of Japan's logistics system, which is heavily dependent on an...
- Tata Power to sell three capesizes in $213m block deal
Tata Power has long-term plans to reduce debt and raise funds to invest in future growth plans, including expanding its...
- Daily Briefing
Free to read: Thenamaris rules out further Venezuelan tanker trips | Registry investigates newly flagged tankers over AIS gaps |...
- Cosco's tanker arm offloads non-core assets
Proceeds will be used to replenish the company's operating capital, according to an exchange filing
- More Greek owners drop Venezuelan calls
Many expect the US action against tankers to have a wider deterrent effect, with other leading owners in the Venezuela...
- Australia slows LNG exports amid health crisis
Industry observers have found that 41 LNG cargoes either slow-steamed or hovered off Dampier in Western Australia before destinations were...
|JUNE 15, 2020|
- Montreal longshore get OK to strike, hold fire for contract talks
- Five US container-on-barge projects get federal funding
- FMC rule giving contract filing relief to carriers takes effect
- Container shipping tilts toward new profitable future despite pandemic
|JUNE 15, 2020|
- Spring rate rally has captured new investors for tankers
- Norwegian Cruise Line brand hit with suit over on-board death
- US West Coast dockworkers to stop work again as protests continue
- Big is beautiful for crude and product tanker trades
- International Seaways reports carbon emissions 8% over IMO targets
- Eagle Bulk fixes extra $23m in financing to ride out pandemic effects
- Singapore ramps up the pace of crew changes
- Hoegh Xiamen firestorm to burn marine insurers' pockets
- Golar Power heads towards $500m profit with 'highly attractive' projects
- BW LNG's FSRU berths at new Port Acu terminal in Brazil
- MHI to trial autonomous technology on ferry newbuilding
- Drug raid nabs livestock carrier hauling cannabis along with cattle
- Stellar Banner scuttled off the coast of Brazil
|JUNE 15, 2020|
- Airlines chafe against UK quarantine as Europe opens travel
It's a turbulent period in Europe for the aviation industry. Regional travel is reopening in the EU, but the UK has tightened travel restrictions and...
- Maersk employs new rope design to make mooring safer
Instead of whipping around at 500 mph, a broken Snap Back Arrestor rope simply drops to the ground
- CEVA Logistics widens stance in Africa
Logistics services provider is optimistic about African continent's global freight potential, despite economic setbacks from COVID-19 pandemic.
- Pandemic fails to dampen AA Cargo's IT esprit
American Airlines Cargo has not slowed implementation of the IBS Software iCargo platform since last October, despite the upheaval from the COVID-19 pandemic.
- US crude, gas and coal exports are all flashing red
Warning sign for tanker investors as US crude exports begin to reverse course.
- Career Tracks: Höegh and Elemica get new CEOs
Averitt, OmniTRAX, Duluth Seaway Port Authority and Port of Newcastle announce appointments
|JUNE 15, 2020|
- USAC diesel prices hit six-week high
Diesel prices on the US Atlantic Coast shot June 15 to their highest levels since late April, propelled by a refinery outage and amid the Gulf Coast market climbing last week.
- API seeks US intervention in Mexico discrimination against US fuel companies
The American Petroleum Institute has asked the US government to urge Mexico to uphold its commitments to the United States-Mexico-Canada Agreement and to stop discrimination against US companies in Mexico's fuel market.
- Gazprom Neft urges OPEC+ caution on longer cuts due to rising oil stocks
OPEC and its non-OPEC allies shouldn't rush into "emotional" decisions on extending current quotas beyond July due to a recent dip in oil prices caused by inventories' building up, Gazprom Neft CEO Alexander Dyukov said June 15.
- RUSSIA DATA: July crude export duty rises by more than 350%
The export duty on Russia's Urals crude and other blends not subject to the country's more favorable tax rates has been set at $37.80/mt for July, up 355% from $8.30/mt in June, the Russian Finance Ministry said June 15.
- OIL FUTURES: Crude prices undo early losses on coronavirus resurgence fears
Crude oil prices largely followed the stock markets on June 15 and eventually traded up after early dips amid coronavirus resurgence fears from Beijing to Texas during the continual reopening of economies around the world.
- REFINERY NEWS: PDVSA restarts Cardon refinery FCC
Venezuela's state-owned PDVSA is restarting the 90,000 b/d fluid catalytic cracker at its Cardon refinery, according to a technical report reviewed by S&P Global Platts.
- US crude stocks expected lower on storm-driven production decline
US crude inventories are expected to have fallen last week amid weather-related Gulf of Mexico production losses and a drop in imports, an S&P Global Platts analysis showed June 15.
- European driving activity edges closer to pre-crisis levels
Road traffic in Europe's five biggest economies is nearing pre-pandemic levels, new data showed June 12, as regional governments continue to reopen their economies and ease travel restrictions.
- ECUADOR DATA: April crude output slides 60% on year to 210,000 b/d
Hit by a force majeure and the impact of the coronavirus pandemic, Ecuador reported a sharp drop in its crude output in April, with average daily production falling to 210,000 b/d, a 60% decline from the 529,000 b/d pumped in April 2019 and a 61% drop from 541,000 b/d in March, according to data available June 15 on the central bank's website.
- RUSSIA DATA: Jan-Apr oil product exports down 3.5% on year
Russia's refined oil product exports fell 3.5% on the year in January-April to 47.978 million mt, customs data showed June 15.
- Shanghai energy exchange appoints delivery warehouses for LSFO delivery
Shanghai International Energy Exchange has appointed four delivery warehouses to activate a total 320,000 mt of storage capacity for its upcoming low sulfur fuel oil futures contract.
- Fujairah bunker volume rises 2% on year in May, LSFO dominates
Bunker volume at the Port of Fujairah in May rose 2% from a year earlier, posting the second consecutive month of year-on-year increase, with LSFO dominating registered bunker barges, the Fujairah Oil Tanker Terminals or FOTT said in its latest monthly summary.
- SINGAPORE DATA: May bunker fuel sales decrease 4.59% on month to 3.93 million mt
Singapore's bunker fuel sales in May decreased 4.59% on the month to 3.93 million mt, preliminary estimates from Singapore's Maritime and Port Authority (MPA) released June 15 showed.
- USGC middle distillate flows to Europe at 510,000 mt so far in June: cFlow
US Gulf Coast middle distillate shipments due to arrive in Europe in June are expected to be at least 510,000 mt, with around 190,000 mt bound for Northwest Europe and 320,000 mt for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed June 15.