|JUNE 17, 2020|
- Pandemic forces shipowners to shelve scrubber installation
- US$23 billion loss risked 'if box carriers lose rate control'
- Global pandemic sees 400c rise in shipboard cyber-attacks
- Oil tankers shun Venezuela as bite of US black list law looms
- EU won't ally with US against China, foreign policy chief says
- Russia's TransContainer rail freights iron ore, zinc in boxes
- Cargo, low fuel bright spots in worst year for aviation: IATA
- China Eastern to make Hainan home base for new airline
- Covid-19 spawned ecommerce prompts DHL to add 400 jobs
|JUNE 17, 2020|
- 'Preighting' plus pooling
- Interview in Trieste: "No alternative to Zeno D'Agostino"
- Another hybrid truck on trial
- A silver lining in Virginia
- Italy: IT increases intermodal efficiency
- Geodis chooses managing director for Indonesia
- Transco invests in cold storage
- Unresolved issues for aviation in Africa
- New berth inaugurated in Koper
- DHL processes more invoices
- Charles Puech d'Alissac elected president of Viia
- Swedish carrier runs extra trains for wood supplier
- Kick-off for "Kickcharter" platform
- Green policy in the Ports of Auckland
- "Curiosity of the Day"
- Stord takes over Cove Logistics
- Schryver de Colombia joins PCN
- India to lead growth in Asia
- Flying a rocket booster from Alabama to Florida
|JUNE 16, 2020|
- Shipping lines tighten up credit terms for 'financially risky' NVOCCs
- Long delays at major US airfreight hubs caused by 'handling problems'
- 'Enough is enough', says ITF - we will now help stranded seafarers get home
- EU says cargo can't fly in cabin with passengers - or can it?
- Air freight rates continue their descent as more options reappear for shippers
- MSC offers customers a chance to go carbon-neutral with shipments
- Tomy Sofhian new managing director of Geodis Indonesia
- Market Insight: Ex-Panalpina exec re-enters game at Ceva - more surprises in store
|JUNE 16, 2020|
- Merchent named President and CEO of Halter Marine
ST Engineering North America, Inc. says that Robert (Bob) L. Merchent has been named President and CEO of VT Halter Marine, Inc. (Halter Marine) effective yesterday. Merchent joins Halter Marine with extensive
- VIDEO: Governor Murphy unveils plans for New Jersey Wind Port
New Jersey Governor Phil Murphy today announced plans to develop the New Jersey Wind Port, a first-in-the-nation infrastructure investment that will provide a location for essential staging, assembly, and manufacturing activities related
- USACE: Memphis revetment season in full swing
The U.S. Army Corps of Engineers reports that the Memphis District Revetment season officially began this year on June 11, with District Commander Col. Zachary Miller hosting a kickoff meeting at the
- WinGD introduces technology to reduce methane slip
WinGD has unveiled a new technology designed to reduce methane slip emissions and cut fuel consumption in its X-DF dual-fuel engines. The launch of Intelligent Control by Exhaust Recycling (iCER) is the
- Diamond S and Norden in strategic partnership
Greenwich, Conn., based Diamond S Shipping Inc. (NYSE: DSSI) and Hellerup, Denmark based Norden A/S (CPH:DNORD) have formed a strategic partnership called DiaNor. It brings together two of the world's largest product
- Crew change crisis: ITF prepared for "chaos in supply chains" to get crew off ships
The International Transport Workers' Federation (ITF) and its affiliated seafarers' unions say they will now assist hundreds of thousands of seafarers to exercise their right to stop working, leave ships, and return
- IMarEST appoints Gwynne Lewis as chief executive
The Institute of Marine Engineering, Science & Technology (IMarEST) has appointed Gwynne Lewis as its new chief executive. He will begin the role June 29 and succeeds David Loosley, who is to
- Mack Boring to represent Scania U.S.A. marine product line in Great Lakes region
Scania U.S.A. Inc. reports that, effective August 1, Mack Boring & Parts Company, Somerset, N.J., will assume additional marine territory in the Great Lakes Region of the United States to include northern
- MSC Gayane fourth engineer pleads guilty in cocaine bust case
Vladimir Penda, 27, a national of Montenegro, yesterday entered a plea of guilty in the U.S. District Court for the Eastern District of Pennsylvania on charges of conspiracy to possess with intent
- Danfoss Editron picked to power U.K.'s first hybrid crew transfer vessels
Ejsberg, Denmark headquartered crew transfer vessel (CTV) builder and operator MHO-Co A/S has selected Danfoss Editron to deliver the drivetrain systems for the U.K.'s first two hybrid CTVs. The vessels will serve
|JUNE 16, 2020|
- Greek owners urged to halt Venezuela calls
The Union of Greek Shipowners is committed to implementing US sanctions, says its president Theodore Veniamis
- Shipping warned it risks losing crews if it abandons seafarers
Just 25%-30% of needed crew changes are taking place, the Capital Link forum was told
- Owners say worst is over for dry bulk as China-led demand rebounds
Demand seems to be picking up fairly rapidly in the dry bulk sector, with iron ore and grain movements being...
- Crew change crisis: Renewed calls for governments to act
IMO secretary-general warns shipping is in a humanitarian crisis and seafarers are staying on ships beyond what is legally acceptable
- Navios Logistics lines up $500m private placement
New bond issue intended to refinance existing notes and repay term loan
- Freight sector raises UK customs training challenges
Challenges remain to ensuring measures to accelerate growth of the UK's customs intermediary sector are successful
- Braemar defends decision to drop dividend payout
'It is just a cautious approach to things ... Given that we do not know what the outcome will eventually...
- Norden to consolidate product tankers with Diamond S
The new entity, DiaNor, will power the Norient Product Pool, which will end up managing around 150 product tankers
- Swift oil market rebalancing easing floating storage
Floating storage of surplus crude oil and refined products is adjusting to rises in demand for crude and simultaneously imposed...
- ONE turns to Xpress Feeders for Baltic services
As Hapag-Lloyd turns to Unifeeder, ONE is left to its own devices
- From the News Desk: Sanctions force tanker operators to halt Venezuela trade
With the US backing words with firm action when it comes to companies facilitating the trade of Venezuelan crude oil...
- Box terminal expansion plans put on hold
With revenues falling and few means of increasing revenues, terminals will focus on cutting costs
- MOL agrees shipping deal with US methanol project
MOL says it will operate purpose-built next-generation ships to serve the planned methanol facility
- Daily Briefing
Free to read: Hin Leong: Half of fleet idled as oil trader seeks buyers | More Greek owners drop Venezuelan...
- Braemar axes dividend despite improved results
Braemar's shipbroking business saw a better than expected 26% rise in underlying operating profit to £11.7m
- ITF acts to get seafarers off ships as deadline passes
'Seafarers have done our part in this pandemic, and plenty more. If a seafarer wants off a ship, then the...
- LNG shipping rates soften as demand fades
Exports from the six currently operational US liquefaction terminals are currently down 60% from their peak earlier this year
- Funding shipping's decarbonisation will not be a private issue
The cost of investments means that many private owners will seek investors for help - or even simply sell off everything
- Novatek's Arctic LNG 2 Train 1 on track for 2022 completion
Total has a direct 10% interest in Arctic LNG 2 alongside Novatek 60%, China National Offshore Oil Corp 10%, China...
|JUNE 16, 2020|
- Tampa Bay gets federal grant to expand container terminal
- Rising US truck spot rates likely to flatten in early July: DAT
- Trans-Pacific eastbound slot tensions mount as rolled cargoes rise
- Auto sector demand hits the brakes on trans-Atlantic
- BluJay links modeling to TMS for mid-sized shippers
- Sagging construction, ag demand hamstrings ro-ro shipping
- Startup targets disconnected warehouse data
|JUNE 16, 2020|
- GasLog reviews LNG fuel cells for newbuildings
- India looks to liaise with European forces in Strait of Hormuz
- Bunker fuel quality worsens due to IMO 2020 and coronavirus pandemic
- Driven by large newbuilds, scrubber investments to reach $16bn by 2025
- Capesize futures market goes crazy as physical market catches up with paper
- US may pardon blacklisted tankers after Greek contrition over Venezuela
- EGD Shipholding emerges as sole owner of latest acquisition
- Cido resumes scrapping as latest VLOC sold for recycling
- Predator Oil & Gas plans rival FSRU for southeast Ireland
- Bulker owners turning bullish as demand returns
- Political pressure crucial to ensure crew crisis doesn't escalate
- Weak MR operating performance put writing on the wall for Diamond S Shipping
- Eagle Bulk again perches at the top of Michael Webber's annual governance 'scorecard'
- Container freight rates strengthen as carriers hold the line
- Baltic Dry Index breaks the 1,000-point mark for the first time this year
- VLCC spot dial not moving in June but decline is inevitable
- Questions raised over social media posts by UK Chamber policy hire
- WinGD unveils new technology to halve methane emissions
- GasLog reveals frustrations over crew change challenge
- Diamond S Shipping and Norden to turn Norient pool into a product tanker giant
- Russian work proves a blessing for struggling North Sea OSV owners
- West African ferry reportedly held in piracy probe
- Crisis of crews stuck at sea is at 'critical point', claims IMO chief
- Maersk Tankers' Ingerslev: Don't take 'eye off the ball' on decarbonisation despite pandemic impact
- West of England diversifies by buying into cyber warrior Astaara
- Maersk Tankers eyes pool expansion amid talks of affiliate's 30-ship sales
- Smooth sailing for JB Ugland ships as bareboat charters pay off
- Secondhand bulker market moves into recovery mode
- Gulf Navigation tied to rare tanker sale to Chinese buyers
- Nigeria LNG eyes domestic and African distribution expansion
- Braemar CEO hunt goes on as Nick Stone becomes operating chief
- BP Shipping brings in analyst Windward to boost sanctions compliance
- Itochu teams with Vopak on Singapore ammonia bunker study
- Embiricos VLCC sale talk resurfaces on back of higher vessel price
- Ex-Coastal Oil executives charged with trying to cheat banks out of $340m
- ASL Marine senior staff back at work, but foreign workers still restricted
- ITF to help seafarers leave ships, after inaction on crew changes
|JUNE 16, 2020|
- Crew crisis is on verge of becoming global trade crisis
Ships could be idled as thousands of seafarers refuse contract extensions.
- FMC's Canadian ballast water rule investigation begins
The 1920 Merchant Marine Act authorizes the U.S. Federal Maritime Commission to investigate and penalize foreign governments with ocean shipping regulations that discriminate against U.S....
- Airlines seek government help to survive winter doldrums
Winter is a cold period for airlines' bottom lines. Throw in COVID-19 challenges and airlines face a difficult road to next year. That is why...
- Port Houston: 'Worst should be behind us'
Reduced number of canceled sailings indicates return of cargo.
- Port of Savannah volume down 9.7%
On the plus side, the Appalachian Regional Port nearly doubles the number of containers handled.
- Tensions ease between US, China over airline flights
The U.S. is loosening restrictions on flights by Chinese airlines after China partially reopened its aviation market to U.S. carriers.
- MSC brings customers on board in carbon-reduction efforts
Clients can help support a hydroelectric power project in China and a forest protection program in Zimbabwe
- Buffalo Wild Wings to be flown by drone
Deuce Drone, a new developer of aerial drone delivery systems, has a talented team, but its biggest hurdles will be established competitors, federal regulations, and...
- 'Robinhood effect' spread unevenly across tanker stocks
Institutional sellers offset retail buyers of supertanker stocks.
- Commentary: Intra-Asia trade waving economic distress flag
Lori Ann LaRocco explains why intra-Asian trade is down and its affect on the United States.
|JUNE 16, 2020|
- Refined products output tumbles in April to 1.729 million barrels
Battered by a force majeure that halted crude deliveries to principal refineries for most of the month, Ecuador produced just 1.73 million barrels of refined products in April, according to data on the central bank's website June 16.
- Road fuel deliveries slump 37% in May, heating oil sales soar 130%
Road fuel deliveries in France plunged 37% year on year to 2.658 billion liters (702 million gallons) in May, with a 39.5% slump in gasoline consumption compounding a 36.2% drop in diesel demand, industry group UFIP said on its website, citing the latest data from the country's oil industry committee CPDP.
- South Korea ULSD cash differential flips into premium, hits 19-month high
The cash differential for 10 ppm sulfur gasoil cargoes loading from South Korea flipped into positive territory and jumped to a 19-month high, on the back of rising demand and crimped supply which have worked to shore up prices, Asian middle distillate sources said.
- April biodiesel demand down 43.5% on year; ethanol down 31.4%
Spain's biodiesel consumption dropped by 43.5% on the year to 63,415 mt in April, which was also 20.3% lower than consumption in March, according to data from the country's strategic reserves agency CORES.
- USGC HSFO cracks continue to find support from coker feed needs, Saudi power generation demand
US Gulf Coast high sulfur fuel oil prices have been boosted in recent weeks by an increase in demand for US coker feed, according to sources.
- Crude prices rise slightly after Beijing concerns temper early spike on bullish IEA, retail data
Crude oil prices spiked early and fell back to modest gains on June 16 following bullish demand projections from the International Energy Agency and stronger-than-expected US retail sales data in May that were then tempered by heightening coronavirus lockdown fears in China.
- Japan marine fuel 0.5% differentials slumps to 10-month low as demand destruction persists
The delivered Tokyo Bay marine fuel 0.5% differential to Singapore 10 ppm gasoil cargo assessments plunged to a 10-month low of minus $60.14/mt on June 15, S&P Global Platts data showed as demand destruction from the COVID-19 outbreak continued to take its toll on the market.
- Jet fuel demand to fall 62% on year in Q3: IEA
The International Energy Agency in its monthly oil market outlook released June 16 sees a bearish demand picture for jet fuel through 2021.
- Crude rally on bullish economic news tempered by Beijing outbreak escalation
Crude futures settled higher June 16, although heightened coronavirus response measures in Beijing tempered earlier gains from bullish demand projections from the International Energy Agency and stronger-than-expected US retail sales data in May.