|DECEMBER 20, 2020|
- Bahri named Shipping Company of the Year
- IoT standards for remote reefer container monitoring on board vessels released
- Nov. 2020 schedule reliability drops to record low; shippers might not see improvement until Q2 2021
- OOCL announces 2021 product update & enhancements for Middle East/Indian Subcontinent to North Europe & East Mediterranean services
- THE Alliance announces Jan. 2021 sailing plan while responding to the pandemic & continuously adapting to meet the demands of the global shipping market
- Export of 6 million tonnes of sugar gets subsidy boost
- Import of vegetable oils down
- Restoration of DPD-DPD procedure as per Facility Notice No. 63/2008 dated 01.09.2008 as amended from 00:00 hours of 23.12.2020 (midnight between 22.12.2020 and 23.12.2020)
- Mandatory quarantine for vessels arriving from infected countries removed
- GPS-based toll collection on the anvil to make India 'toll booth free'
- Prime Ministers inaugurate key rail link between India & Bangladesh
- Proposed National Rail Plan aims at increasing modal share of Railways in freight to 45 pc by 2030
- Government seeking industry inputs & ideas for creating a 'Budget as never before': Nirmala Sitharaman
- Govt urged to rescue export revival from container shortage
- CBDT issues refunds of Rs 1, 48,274 cr. till Dec. 14
|DECEMBER 21, 2020|
|DECEMBER 18, 2020|
- The real cost of ocean freight out of Asia is hitting 'unbelievable' heights
- Forwarders slam 'diabolical' service and 'shameless profiteering' by carriers
- More customers avoid problem-hit IAG Cargo as it issues new digital data rule
- Air cargo is moving towards carbon-neutral flying - slowly but surely
- 'Hard work and skill' won Uniserve its government contracts, says MD
- New UK logistics staff shortage looms as 79,000 EU workers go home
- Some UK logistics players claim to be 'Brexit-ready' - but are they really?
- Swiss WorldCargo's Ashwin Bhat moves to Lufthansa Cargo as CCO
- 2021 radar: Next year's headlines? Capacity, Capacity and Capacity
|DECEMBER 18, 2020|
- Matson takes delivery of Matsonia
Matson, Inc. (NYSE: MATX) today took delivery of Matsonia, the second of two LNG-ready Kanaloa Class combination container / roll-on, roll-off ships built for the company by the General Dynamics NASSCO shipyard
- Data is revolutionizing the maritime industry
SPONSORED CONTENT: Stay ahead with the hardware and software that propels your energy management strategy. Driven by data Marorka Onboard is a maritime energy management and operational performance system. It monitors your
- MetalCraft Marine sees post-COVID market bounce back ahead
With yards in both Canada and the U.S., MetalCraft Marine brings a unique perspective to bear on the markets in which it specializes: High-speed fireboats, patrol craft and workboats. We asked the
- Port NOLA moves forward on new container terminal
The Port of New Orleans (Port NOLA) reports that it is set to begin the due diligence process for a potential $1.5 billion multimodal container terminal to serve the largest container vessels
- NOIA ready to work with Biden pick for Secretary of the Interior
The National Ocean Industries Association (NOIA) says it is "ready to work with" Representative Deb Haaland, who will be President-elect Joe Biden's nominee as the next Secretary of the Interior. Two key
- Grieg teams with Wärtsilä to build green ammonia-fueled tanker
Grieg Edge, the innovation hub of Norwegian shipping group Grieg Star, and Wärtsilä Norway have received NOK 46.3 million (about $5.4 million) in support from the Norwegian government's Pilot-E program for a
- HHI Group and DNV GL report on green tankers of the future
In a recent "Green Tankers towards 2050" industry webinar, classification society DNV GL and South Korea's HHI Group, the world's largest shipbuilder, presented the results of new joint research on the development
|DECEMBER 18, 2020|
- Star Bulk acquires ER Capital capesize trio
The price of the cash and stock deal was based on net asset value, says the Greece-based owner
- UK ports: Shipowners, shippers, and shoppers need answers
Coronavirus has piled unprecedented pressures on global supply chains, and the UK has the added problem of Brexit to deal...
- MOL steps up safety measures to prevent another Wakashio
The charterer is investing the equivalent of almost $5m in sweeping measures related to ship equipment, training, and shore-based communications...
- Grieg Star and Wärtsilä plot first green ammonia tanker in 2024
The Norwegian shipowner and the Finnish technology firm will partner to build a tanker that will both be powered by...
- The Lloyd's List Podcast: Will tankers recover before 2022?
A low orderbook never saved a market - you need demand to recover. Oil needs to return to pre-pandemic levels...
- Rio Tinto names Jakob Stausholm as chief executive
Stausholm will be assuming the new role as chief executive from January next year. He has more than 25 years'...
- 2021: Europe's year for shipping's regulations
The International Maritime Organization will likely finalise its short-term GHG emissions measure in 2021; but it is the European Commission...
- Asia-Europe spot rates breach $3,000 per box
Strong freight markets being bolstered by continued robust cargo demand and shortage of equipment, after most carriers implemented GRI from...
- Ambulance 'first' highlights ongoing shipping aid for Greek health system
Dry bulk company M/Maritime donates country's first negative pressure ambulance for contagious patients as shipowners' social welfare fund Syn-Enosis aims...
- Low fleet growth lifts dry bulk spirits
Dry bulk markets should be entering a period of higher rates, given a downcycle that spanned four years from 2016;...
- Shipping just got a taster of the disruption yet to come
Shipping's resilience has been tested this year, but a low orderbook does not save a market and the immediate future...
- Daily Briefing
Free to read: Outlook 2021: Read our exclusive insights on container, finance, LNG and LPG | Maersk Tankers sanctions snafu...
- Eastern Pacific Shipping to invest in nine tech start-ups
Eastern Pacific Shipping's MaritimeTech Accelerator programme will embark on a mostly virtual 90-day mentorship-based journey. This will culminate in a demonstration...
- Coal demand peaked in 2013, IEA says
After a major drop in recent years, global coal demand is forecast to rise by 2.6% in 2021 before flattening...
- SPD Leasing orders kamsarmax sextet for compatriot operator
Deal is structured as an operating lease, under which the lessor tends to hold the vessel assets upon the maturity...
|DECEMBER 18, 2020|
- Vaccine demand to stress but not soak up capacity: transport execs
- Port Tampa Bay expands Mexican connections
- New Orleans moves forward on $1.5 billion container terminal
- FedEx embraces peak surcharges as part of growth strategy
- JOC Uncharted: LCL needs better price transparency, cargo visibility
- Record Asia-ESCA container rates expected to last until February
|DECEMBER 18, 2020|
- George and Christos Economou sued for 'sabotaging' LNG carrier sales
- Seacor Marine and CMB strike 46-ship deal for crew transfer business
- Key investor Strategic Value Partners sours on Genco Shipping & Trading
- Brazil opening up coastal trade to overseas owners
- JP Morgan buys Restis capesize on the back of secured employment
- Is a Diamond S 'prexit' next on the WL Ross to-do list?
- Neptune Shipyard wins order for sail ro-ro to carry rocket parts
- International Group sets up separate reinsurance terms for boxships
- Ernst Jacob adds another LR1 to Navig8's growing pool list
- Second boxship investor files lawsuit against Logothetis and Libra Group
- UECC bunkers liquified biogas blend in car carrier first
- Digital shipping: Is data the new oil - or just snake oil?
- Nigeria LNG carrier attacked by pirates in Gulf of Guinea
- Core Petroleum's VLCC relet underscores bearish tanker market
- Insurers draw battle lines ahead of decision on ONE boxship claims
- Hyundai Glovis unmasked as latest mover on VLCC newbuildings
- Greece's Modion expands fleet further with kamsarmaxes
- Grieg Star aiming to build first tanker to use and carry green ammonia
- Golden Union emerges as victor in battle for NYK capesize bulker
- Van Oord signs for biofuel-powered wind farm cable layer at Vard
- PIL multipurpose vessel suffers fire in New Zealand port
- MOL blames 'unsafe behaviour' and 'overconfidence' for disastrous Wakashio grounding
- Eimskip's first female reefer chief officer is just one of the team
- Ince warns of 'perfect storm' as exhausted crews face bigger pirate threat
- Ince: Shipping needs to prepare for the next pandemic
- Japanese bulkers pulled from sales market in hope of better 2021 price prospects
- Vegemite brings Christmas cheer to stranded Kembla crews
- Rio Tinto names a former Maersk CFO as its new CEO
- Port Kembla is latest Australian port to join wheat export rebirth
|DECEMBER 18, 2020|
- Swiss Air Lines flies 14 tons of vaccine to Brazil
The airfreight division of Swiss International Air Lines moved a big load of Chinese-made vaccine to Brazil on a passenger flight.
- Digital airfreight booking engine cargo.one raises $42 million
Digital marketplaces are becoming more popular in the air cargo world. Investors like what they see at cargo.one and poured $42 million into the company.
|DECEMBER 18, 2020|
- OIL FUTURES: Crude settles at fresh 9-month high on vaccine, stimulus hopes
Crude futures settled at fresh nine-month highs Dec. 18 as the US moved closer to greenlighting a second COVID-19 vaccine.
- ARA fuel oil stocks rise 8% on week to 1.263 mil mt: Insights Global
**Demand absent amid pandemic **Most fuel oil cracks seen to rise
- Finland's Gasum performs first bunkering with LNG-LBG blend
**LNG bunker vessel Coralius delivered a fuel blend of LNG, 10% renewable LBG **LNG-LBG mixtures offer lower emission alternative to conventional marine fuels
- AustroCell Hallein ships first delivery of advanced bioethanol to OMV
Austria's OMV said Dec. 18 it has received the first trial delivery of advanced bioethanol from AustroCel Hallein.
- European mobility slips as new wave of restrictions kicks in
**Germany, UK, France among countries with tighter curbs **European demand impact seen at 1.6 million b/d in 2020
- Kenya mulls converting Mombasa refinery to biofuel plant using Eni technology
**Talks cover bio-waste recovery and use plan **Mombasa refinery was mothballed in 2013 **Eni using HVO technology at its own bio-plants
- Polish refiner Grupa Lotos to invest in green hydrogen production
**Plans to build 100 MW electrolysis plant by 2025 **Targets 1 GW of electrolysis capacity by 2030 **Associated gas plant to grow from 20 MW to 200 MW
- Bunkerworld Index: Bunker prices rise, shaking off bearish fundamentals
**Tepid demand at Singapore expected to last through December **Supply of 0.5%S FO in Europe set to ease **USGC markets likely to see subdued demand through December
- Sri Lanka's Ceypetco to hike Jan, Feb fuel oil imports ahead of refinery maintenance
Sri Lanka's state-owned refiner, Ceylon Petroleum Corp., is due to increase its import of 180 CST fuel oil over January-February, 2021 as the refiner prepares for maintenance of its 50,000 b/d Sapugaskanda refinery, a company source said late Dec. 17.
- S Korea's Q1 2021 term marine fuel 0.5%S done higher versus Q4
Term contracts for the supply of marine fuel 0.5%S between refiners and traders at the main South Korean ports of Yeosu, Busan and Ulsan for the first quarter of 2021 were concluded at around flat to the Mean of Platts Singapore Gasoil 10 ppm assessments, higher compared with the levels done for the fourth quarter of 2020 contracts, market sources said.
- Shutdown of S Korea's coal-fired power plants to spur LSFO demand further
**Korea East-West Power raises December LSFO purchases **IMO 2020 transition, local ECAs spur LSFO demand **Refiners' run cuts support 0.5% sulfur marine fuel prices
- S Korea's shipbuilders, vehicle makers face output cuts hurting steel plate demand
Partial strikes and the COVID-19 pandemic have affected production at South Korea's shipbuilders and vehicle makers towards the end of 2020, that could reduce the demand for steel plates.
- AUSTRALIA DATA: Oct crude oil exports fall 31% on year at 7.07 million barrels
Australia's exports of crude oil and other refinery feedstock fell for the second month in a row in October, after hitting a 10-year high in August, preliminary data from the Department of Industry, Science, Energy and Resources showed.
- SAUDI DATA: Oct jet fuel exports slip 27% on tepid air travel demand
**Oct traffic at Middle East airlines drop 86.7%: IATA **Air, land, sea transport restrictions to end in 2021
- SINGAPORE DATA: Light distillate stocks rises 2% as gasoline imports hit 4-month high
**Increase in Chinese gasoline cargoes lead import rise **More gasoline from ZPC ahead **Asian naphtha on steady recovery
- SINGAPORE DATA: Jet fuel, gasoil stocks rise 3%; jet fuel exports plunge
**Inventories hold above 15 mil-barrel mark for fourth straight week **Singapore net importer of gasoil as inflows surge **Jet fuel exports plunge on tepid regional air travel demand
- TENDER DATA: Thailand's PTTGC offers IMO-compliant fuel oil for end-Jan
The company last sold 50,000 mt of IMO 2020-compliant fuel oil with minimum 100-380 CST viscosity for Dec. 26-28 loading from its Map Ta Phut refinery, at a discount of around $3/mt to Mean of Platts Singapore Marine Fuel 0.5%S assessments, S&P Global Platts reported earlier.
- CHINA DATA: Nov fuel oil output rises 21% on year to 3 mil mt
China's fuel oil output in November climbed 20.8% year on year and 7.4% month on month to 3 million mt, according to the latest data released by the National Bureau of Statistics.
- SINGAPORE DATA: Residue stocks rise 2% to 23 mil barrels on weak demand
**Bunker demand weakens on higher crude oil markers **Singapore fuel oil imports fall 4.8%
- China could become world's biggest refiner with 20 mil b/d capacity by 2025: Sinopec
**China forecast to account 40%-50% of new refining capacity **Oil products demand to peak in 2025 at 356 mil mt/year **2021 oil products demand to rise 2% from 2019