|AUGUST 19, 2020|
- HK box volume up 3.3pc in July, the highest monthly total this year
- HK's Kwai Tsing Container Terminals remains open despite virus outbreak
- DaChan Bay Terminals welcomes Gold Star Line's new service linking Vietnam
- SITC targets Intra-Asia growth with fleet expansion
- US-China chicken trade has been a many problemed thing - and still is
- Yangluo container river-rail project in to phase II in Wuhan
- Air Canada cargo revenues stronger than passenger for the first time
- AirBridgeCargo flew record number of RKN boxes from Amsterdam to Shanghai
- Aerotranscargo Moldova names Air One Aviation its general sales agent
|AUGUST 18, 2020|
- Hapag-Lloyd has a better H1 but pandemic uncertainties remain
- RCL reports net profit surge in Q2 2020
- Temporary port call change in Mediterranean on India Mediterranean Express (IMX) service
- Edible oil imports down
- Exports of agricultural commodities show significant increase during March to June 2020
- Extension of anti-dumping duty on caustic soda imported from China, Korea notified
- Imports of thermal, coking coal drop at Major Ports
- Pharma exports rise by 7.2 pc in Q1
- Chairman highlights key infrastructure augmentation projects as Paradip Port celebrates Independence Day
- New aggregate loading record at Deendayal Port Trust
- BLR Airport handles 71,406 tonnes of cargo throughput between April & July 2020
- Cargo better performer of the business for Cathay Pacific
- DHL algorithm makes e-fulfillment more effective
- Revamped LDB portal provides voyage tracking of ex-im containers with end-to-end tracking map view
- TIACA in guidance initiative to facilitate optimal transportation of Covid-19 vaccine
- Govt working on the second negative import list of defence products
- Focus now on salvage & removal of vessel off Mauritius coast
|AUGUST 19, 2020|
- Gruber countering the crisis
- POLB's peak in July
- Port access gained with rail take-over
- Meyer & Meyer: fourth generation takes over
- Logos acquires logistics estate in Melbourne
- New groupage services in Europe
- Yang Ming's H2/20020 on the rise
- Triple Seven for ABC, more China for Atran
- Zeitfracht moves to Erfurt
- JD Logistics launches warehouse in Langfang
- A crucial step for road haulage
- LNG for three PCTC
- ASL Airlines Ireland extends MRO partnership
- "Curiosity of the Day"
- STG Logistics' CEO joins Roadrunner's board of directors
- Agility reports a 61.3% decrease in net profit in H1
- Green light to test Ceneri base tunnel
- Air cargo cooperation in good health
- APM strikes in Aarhus
|AUGUST 18, 2020|
- Calls intensify for government to step in to end Montreal port strife
- On the wires: DB Schenker Americas hires new chief human resources officer
- Air cargo market 'getting back to normal'? Still a long way off, says WorldACD
- July's US import rally not 'a harbinger of a rapid recovery' in box traffic
- Tata Group seeks partners for Air India bid
- Hit the ground running post Brexit, or prepare to fail
|AUGUST 18, 2020|
- Wakashio Captain and Chief Officer arrested and detained
The Captain of the grounded bulk carrier Wakashio, Indian national Sunil Kumar Nandeshwar and the Chief Officer, Tilak ratna Suboda, a Sri Lankan, are now being held in police custody in Mauritius
- Carnival discloses ransomware attack
In an SEC filing yesterday, cruise giant Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) disclosed that on August 15 it had detected a ransomware attack that accessed and encrypted a portion
- Innovative 30 meter Jones Act CTV awarded ABS AiP
ABS has issued an Approval in Principle (AiP) for an innovative 30 meter offshore wind crew transfer vessel (CTV) design developed by Portsmouth, U.K. based naval architect firm BAR Technologies and Southampton,
- VIDEO: Island Offshore to convert three PSVs to battery-hybrid operation
Ulsteinvik, Norway, headquartered offshore services vessel operator Island Offshore has awarded Kongsberg Maritime a contract to supply turnkey hybrid battery solutions for three of its UT 776 CD-design Platform Supply Vessels, Island
|AUGUST 18, 2020|
- Norwegian DNV GL employee suspected of spying for Russia
A Norwegian employee of DNV GL suspected of spying for Russia has been remanded in custody for four weeks. The...
- Wakashio master arrested in Mauritius
The master of the Panama-flagged bulk carrier that ran aground in Mauritius on July 25 has been arrested and charged...
- Suppliers call on associations to end payment frustration
Saeed Al Malik says suppliers can't keep knocking on shipowners' doors to ask for payment for services already delivered. He...
- Crew calls to helplines jump amid health crisis
Mental health issues has moved into the top five reasons for calls to support lines amid the health and crew...
- Middle East leads steep fall in global crude tonne-mile demand
Tanker tonne-mile demand dropped 18.6% in July compared with the same month last year, with preliminary August data suggesting falls...
- Green ship finance now accounts for 10% of market and growing
There are no current obligation on banks to provide a minimum percentage of green or sustainable finance, but national governments...
- From the News Desk: Wakashio disaster raises questions over compensation and crewing
Investigations into the reasons behind the grounding of the Japanese bulker off Mauritius are now underway but already there are...
- Golden Ocean ups charter coverage due to market uncertainty
The John Fredriksen unit said its strategy should lead to higher cashflows and results in the second half of the...
- Drop in energy demand will see offshore fleet contract
The global slowdown in demand for oil and gas, as a result of the coronavirus pandemic, will result in fewer...
- Daily Briefing
Free to read: Wakashio spill raises questions over compensation and crew fatigue | Rusting Yemen tanker threatens to dwarf Mauritius...
- BHP warns of slowing growth outside China
China's demand for iron ore in the second half of this year is expected to be lower than it is...
- Baseball project undermines maritime business at the port of Oakland
High on the list of concerns is that the planned ballpark will adversely impact the turning basin for ships, blocking...
- MISC wins first FPSO project in Brazil
MISC hopes to use this breakthrough project to expand into other international projects as it extends outside its home Malaysian...
- RCL second-quarter profit jumps on better rates
The bulk of the gains for the first half of the year came in the second quarter, as lower bunker...
|AUGUST 18, 2020|
- FMCSA expedites mechanic training as out-of-service chassis rise
- Mega-ship cargo exchanges prevent slide in Europe call size
- Going green gets more complicated for Anheuser-Busch
- COVID-19 disruptions hurt Indian port efficiency push
- JOC Global Port Rankings: Asian ports grew fastest in 2019
|AUGUST 18, 2020|
- Hunter Group cuts breakeven by buying back SFL VLCCs
- SFL and MSC stretch out charters on seven boxships
- Fairfield Chemical orders six stainless-steel chemical carriers at Fukuoka
- Seanergy Maritime heads back to capital markets with $25m offer
- LNG and clean offshore energy projects in focus for China yard giant's leasing arm
- Borealis aims at younger fleet with latest boxship buy
- Navigator 'sweating its delicious assets' with eye on growth
- Top Ships shares jump on buyback plan for up to 10% of stock
- Bow of broken Wakashio under tow off Mauritius
- Oman Shipping, Feen Marine make case for cheaper 'flat-pack' scrubbers
- MISC lands 22-year FPSO charter contract from Petrobras
- Golden Ocean steps up charter cover as pandemic impact recedes
- DNV GL staffer arrested after selling 'state secrets' to Russia
- Regional Container Lines sees container volumes drop 15% in second quarter
- BHP warns of slowing growth outside of China
- Swire takes $560m impairment as it looks to stack 40% of OSV fleet
- Carnival hit with ransomware attack amid pandemic woes
|AUGUST 18, 2020|
- US, China reciprocate on more airline access
Tensions between the U.S. and China are high on a number of trade, diplomatic and security fronts but are easing when it comes to air...
- Mexico's president wants to revoke operating concession for Port of Veracruz
The Port of Veracruz, one of Mexico's largest maritime trade ports, has a 100-year concession with an entity called Administración Portuaria Integral de Veracruz.
- Port of LA records 11 straight months of declines
Executive Director Gene Seroka does not want to break the 15-month record set during the recession of 2008-09.
- Volga-Dnepr adds 777 to Boeing freighter suite
Russian airline has become the 19th customer for the twin-engine, all-cargo aircraft.
- American Airlines doubles down on cargo-only flights
Several passenger airlines have proven that cargo can be lucrative business during a pandemic with little travel. American Airlines quickly built a dedicated cargo operation...
- TRAC Intermodal selects new president
Former XPO executive Daniel Walsh succeeds Jennifer Polli, who is credited with leading the chassis provider through "significant transformation."
|AUGUST 18, 2020|
- OIL FUTURES: Crude treads water as market looks for next direction
Crude oil futures settled little-changed Aug. 18 as the market traded sideways a backdrop of rising COVID-19 cases and tightened supply outlooks.
- ECUADOR DATA: June refined products output at 5.081 mil mt, down 21% on year
Ecuador produced a total of 5.08 million barrels of fuels refined from crude oil during June, a 21% decline from a year earlier, but more than three times the 1.85 million barrels processed in May, rebounding from refinery outages and pipeline issues, according to data available Aug. 18 on the central bank's website.
- REFINERY NEWS: Sinopec Gaoqiao to export 30,000 mt gasoil in Aug flat to Jul
State-owned China Petroleum and Chemical Corp, or Sinopec's, 13 million mt a year Shanghai Gaoqiao refinery plans to export 30,000 mt of gasoil in August, unchanged from the volume in July, a refinery source said Aug. 18.
- France's CMA CGM launches new Gothenburg, Hamburg container line
French shipping line CMA CGM has launched a new service between Gothenburg, Sweden, and Hamburg, Germany, the port of Gothenburg said in a statement Aug. 18.
- Floating storage at two-month lows despite large volumes off China
The amount of crude and condensate hoarded on oil tankers worldwide has tumbled to more than two-month lows as the economics for storing oil start to weaken, despite high volumes offshore China putting pressure on the physical oil market, according to analysts.
- ECUADOR DATA: June crude output averages 515,000 b/d, down 3% on year
Ecuador in June produced an average 515,000 b/d of crude oil, a 3% decrease from the 531,000 b/d produced in the same month last year, but a 53.7% improvement from the 335,000 b/d pumped in May, according to data available Aug. 18 on the central bank's website.
- REFINERY NEWS: China's Sinopec Tianjin resumes gasoil export in Aug post works
China's state-owned Sinopec plans to export 80,000 mt of gasoil in August from its 276,000 b/d refinery in northern Tianjin municipality, a refinery source said Aug. 18.
- REFINERY NEWS: Houston Ship Channel reopens after shutting due to Chevron Pasadena fire
The Houston Ship Channel reopened Aug. 18 after temporarily closing following a fire at Chevron's Pasadena refinery in Texas.
- Lessons learnt from IMO 2020 are too valuable to ignore: Chevron Marine Lubricants
The switch to low-sulfur marine fuels this year is a useful indicator of what might come, as the shipping industry heads towards a future of new fuels, Chevron Marine Lubricants said in a whitepaper article on Aug. 17.
- Maintenance at Panama Canal to cut transit capacity Aug. 25-26: ACP
Clean tanker market participants have reported extended waiting times for transit slots through the Panama Canal in August, due in part to increased vessel flow in the region and routine maintenance that will decrease the transit allotment between Aug. 25-26 to 21-23 ships daily, according to a spokeswoman for the Panama Canal Authority.
- Fujairah bunker supplier Uniper Energy DMCC's Q2 sales rise, LSFO 91% of total
Uniper Energy DMCC, which supplies marine fuels at Fujairah, said Aug. 18 its second-quarter sales rose to 1.358 million mt from 1.326 million mt in Q1 and were well ahead of a year earlier.
- VLCC premium for short voyages narrows to 2-year low at w2 on weak crude demand
The spread between short and long haul VLCC freight rates in the East of Suez on a Worldscale basis has narrowed sharply in August on the back of a weak crude tanker market, S&P Global Platts data showed Aug. 18.
- Tight supply supports South Korean 0.5%S marine fuel
Tight supply of low sulfur fuel oil in South Korea has lifted values, even as demand has seen no significant change, market sources said.
- Singapore M1/M2 10 ppm sulfur gasoil spread hits 10-week low as recovery stunted by resurgence of COVID-19
The Singapore September-October 10 ppm sulfur gasoil derivative time spread hit a 10-week low at the close of Asia trade Aug. 17, as concerns mount that the pace of gasoil's recovery in Asia may be stunted by a resurgence in coronavirus cases on the back of weak demand, and a well-supplied market.
- Singapore bunker market expects little impact from report of low flash point marine gasoil
The Singapore bunker fuel market has seen some instances of low flash point marine gasoil but the impact on the market has been muted, industry sources told S&P Global Platts Aug. 17 in response to a report that off-specification MGO had been detected at the port.
- Ukraine slaps duties on pipeline imports of Russian diesel fuel, LPG
Ukraine has imposed 4% duty on Russian diesel fuel and a 3% duty on Russian LPG, both imported by pipeline, through the end of the year, according to a government resolution published Aug.18.
- Northwest Germany's Emden starts ship-to-ship LNG bunkering: report
The port of Emden in Northwest Germany is now able to offer ship-to-ship LNG bunkering, according to operator Nierdersachsen Ports.