|JUNE 23, 2020|
- Hapag-Lloyd to levy US$67/TEU on boxes without registered exit plan
- OOCL cancels Pearl River sailings, but restores one from Shanghai
- Maersk expects improved second quarter as market demand grows
- HK Trade Development Council expects 10pc export fall
- Ship operators spending more on Covid measures for crewing sector
- APL England heads for Chinese repair yard after losing 50 boxes
- Cathay to cut to freight-only passenger flights as air cargo rates retreat
- FAA releases plan to review aircraft designs after two fatal crashes
- China-Europe rail freight comes into its own during Covid-19 pandemic
|JUNE 22, 2020|
- CEVA Logistics significantly expands in Africa & unveils its strategic plan to become a leading, continent-wide market player
- Initiative launched to encourage innovation across maritime supply chain & logistics
- Terminal change in Nigeria for MIAX service
- VGM mis-declaration fee in Senegal
- Govt seeks product-wise details of cheap imports from China to curb low-quality inbound shipments
- Govts called upon to resolve Customs challenges faced by small businesses
- GST to be levied on merchant trade transactions (MTT): Gujarat AAR
- Imports from Singapore, Vietnam may face tighter scrutiny for Chinese dumping
- India's tea exports seen declining
- Major Ports' volumes down in May
- Maersk Special Project Logistics active during Covid-19
- NITI Aayog launching 'Decarbonising Transport in India' project
- Ease of Doing Business seen as route to India's self-reliance mission
- Issuance of Preferential Certificate of Origin for India's exports to Vietnam under ASEAN-India FTA
- Trade deal more important than ever in light of EU not offering a reciprocal six-month phased transition, says UK freight association
|JUNE 23, 2020|
- Interlinked railways
- DPD Switzerland opts for e-truck
- ALS and Norsea join forces on wind logistics
- Fiata's move "back to the future"
- Double track capacity for intermodal business
- H2/2020: Full black or full red?
- Emirates' B777F brings relief to Burkina Faso
- Paycargo Capital offers credit facility
- One digital step further for Cargolux and Unilode
- Award for tiramizoo
- More digital speed in Constanta
- "Curiosity of the Day"
- Temperature control is essential
- Port Climate's Eleven forge ahead
- Elvis improves protection for truck drivers
- New head of German and Austrian markets
- Two Air Transat A330-200 to fly for GTA Air Cargo
|JUNE 22, 2020|
- Blank sailing strategy could bring carriers $9bn profit this year, says consultant
- Dutch need to take a more holistic look at freighters as recovery gathers pace
- Rhenus opens mega-warehouse in India as new lockdowns impact logistics
- Maersk sets $500 misdeclaration fee for wrongly-sized out-of-gauge cargo
- Bullish John Menzies expects to 'emerge strongly' into the post-Covid era
- Lufthansa Cargo to outsource Frankfurt general cargo handling to Fiege
- SASI revamps widely acclaimed air cargo training programme
- Henning Dieter is Swissport's new head of cargo services, Germany & Austria
- Supply chain radar: Stalemate as new 'supply chain concept' looms
- Supply chain radar: Once unsexy, Logistics runs the risk of looking exciting
- Market Insight: Another day, another Ceva senior hire - and it won't stop here
|JUNE 22, 2020|
- Video: Port of LA sets new world record for most cargo moves in a single ship call
History was made last week when the Port of Los Angeles, MSC Mediterranean Shipping Company, APM Terminals Los Angeles and International Longshore and Warehouse Union (ILWU) Locals 13, 63 and 94 successfully
- Royal Caribbean's Spanish cruise JV files for reorganization
Cruises Investment Holding and Royal Caribbean Group report that they have filed for the reorganization of their Pullmantur Cruceros joint venture under the terms of Spanish insolvency laws. Cruises Investment Holding owns
- BV completes Singapore's first remote harbor tug survey
Bureau Veritas Marine Singapore has successfully completed the first fully accredited annual survey of a Singapore registered harbor tug conducted remotely, without a surveyor physically present onboard the vessel. The survey was
- AMH offsets container-on-barge service carbon emissions
SEACOR Holdings Inc. (NYSE: CKH) subsidiary SCF Marine reports that its container-on-barge service, operated by SEACOR AMH, is participating in a 12-month accredited U.S.-based carbon offset program starting June 2020. "Through this
- Navy won't reinstate Crozier as Roosevelt commanding officer
The Navy is not going to reinstate Capt. Brett Crozier as the USS Theodore Roosevelt's commanding officer and the promotion of Rear Adm. Stuart Baker for a second star has been delayed
- Bath Iron Works' largest union is now on strike
As widely expected, members of shipbuilder Bath Iron Works' largest union, IAM Local S6, are now on strike. Members of the local voted to strike after a "last, best and final" offer
- VIDEO: Stena Bulk offers customers low-carbon shipping options
Following up on a successful biofuel trial in April, Stena Bulk is now introducing low-carbon shipping options for its customers. Stena Bulk says the trial, in which a trans-Atlantic voyage was conducted
|JUNE 22, 2020|
- Why shipping needs to shout louder about the crewing crisis
Unprecedented industry unity and press coverage has failed to get the message heard outside of shipping's usual sphere of influence...
- Container fall: One crewman dead, two injured on Spanish ro-ro
The two injured men were taken to hospital following the incident which is being investigated
- Baltic ends review of BCI with changes to multipliers
Multipliers for voyage routes will be stripped out of the calculations in the new BCI
- Livestreaming brings class revolution nearer
Class has made good use of drones; the next stage is livestreaming, followed by data-driven preventative maintenance. The next five...
- Domestic logjams are main barrier in crew-change problem
Singapore boosts position as crew-change hub by further relaxing conditions and allowing seafarers to stay up to 48 hours in...
- Trafigura bunker unit head steps down after three months
No details of the departure were given, apart from that the decision was "mutually agreed"
- Can shipping chart a green course in a post-coronavirus climate?
An EU regulation covering the period 2020-2030 determines both the percentage by which the member states must collectively have restricted...
- Smaller bulkers set to see improved earnings
The segment should benefit from a strong Black Sea grains season, according to Braemar ACM
- APL England freed after Steamship Mutual pays bond
Steamship Mutual put up $22m to secure the vessel's return to China, unloaded, for repairs
- MPC Containers facing 'risk of potential bankruptcy'
Feedership owner wants to amend terms of a $200m bond as it nears breach of minimum liquidity covenant
- Box lines set sights on a profitable year
Even with a 10% annualised fall in volumes, container line profits could beat last year's
- Daily Briefing
Free to read: Government-only vessel-tracking data up for sale 'with US approval' | US wields 'stick-and-carrot' policy to warn owners...
- India entices shipowners to national flag
Indian shipping authorities have set their sights on at least doubling the number of India-flagged vessels employed in overseas trade...
- China's Dalian and Yingkou ports to merge
Both companies are under the control of China Merchants Group, which signed an agreement with the provincial government to restructure...
|JUNE 22, 2020|
- COVID-19, trade war hammer trans-Pacific volumes through April
- Food shippers maximize opportunities in US, Asia
- Houston upgrades boosted by $79 million federal grant
- Container shipping on track for $9 billion annual profit: analyst
- Trade imbalance on ECSA-Asia creates blank sailing headache for carriers
|JUNE 22, 2020|
- Tung family takes GasLog position in private placement
- Capesize rates cool off after three weeks of steady gains
- Royal Caribbean's Pullmantur venture files for reorganisation
- Carnival Cruise Line puts off sailing until October
- Performance Shipping grabs fixture from Aramco
- SFL eyes more ship deals with Hunter VLCC cash
- Disciplined box carriers poised to reap $9bn reward
- Can dry bulk stocks keep momentum after finally lifting last week?
- Stena Bulk offers biofuels across fleet following MR tanker trial
- Brittany Ferries ducks questions on future for cancelled newbuilding
- Grounded boxship puts IRISL between a rock and a hard place
- Danish wind vessel market to be 'turbo-charged' by new energy islands
- Pacific International Lines scores rescue loan from state-backed Temasek
- Wisdom Marine raising another $64m for ship acquisitions
- BW Dry Cargo sells kamsarmax trio in $41m deal
- Polarcus axes 20% of staff and cuts wages permanently
- Braemar says owners are most vulnerable when markets pick up
- Awilco LNG tweaks covenants in weak pandemic-hit markets
- 'Slowing' of wind turbine arms race could kick-start ship order rush
- 'Bold and decisive' MPCC rescue plan removes uncertainty
- Clarksons says remaining 700 scrubber retrofits could be scrapped or delayed
- Australian authorities release APL England after P&I club posts bail
|JUNE 22, 2020|
- Market watch: Air cargo frenzy dies down
Face shields, gloves and hand sanitizer were yesterday's hot airfreight product. Now the cool shipments that people need right away are yoga pants, bikes and...
- Carrier capacity cuts send trans-Pacific rates into orbit
By artificially restricting capacity, carrier alliances have engineered rates higher and may book a profit this year.
- DHL prepares three 767 passenger planes for freight operations
The global air cargo carrier has tasked Israel Aerospace Industries with converting the planes to all-cargo configuration.
- Chapman Freeborn buys emergency airfreight logistics provider
Chapman Freeborn buys Arcus Air Logistics, a longtime provider of ad-hoc charters and on-board courier services to the European automotive industry.
- Career Tracks: Former Freightquote COO tapped to lead VeriShip
Roundup comprises elections and selections by Atlas Air, Elemica, Georgia Ports Authority, Hapag-Lloyd, NCBFAA and VeriShip.
|JUNE 22, 2020|
- GE ready for talks with Iraq to generate power from capturing flared gas
GE is ready to engage in talks with Iraq to help OPEC's second-largest oil producer generate power from associated gas currently being flared and also to participate in any renewable energy plans, a company executive said June 22.
- Canada's crude-by-rail exports in April plunge to lowest level since early 2019: government data
Canadian crude-by-rail exports plunged to the lowest level since early 2019 in April as producers slashed output in the wake of the coronavirus pandemic, government statistics showed.
- ICE LSGO futures net speculative length rises 6,045 lots on week
Speculative net long positions in ICE low sulfur gasoil futures rose 6,045 contracts to 34,899 in the week to June 16, according to ICE data June 22.
- Fuel oil exports from Far East Russia to decline in July on higher export duty: sources
Fuel oil exports from Far East Russian ports are expected to decline, and bunker sales are likely to increase in July because of higher duties for exporting cargoes, market sources said June 22.
- Europe and Africa residual fuel: Key market indicators
While Amsterdam-Rotterdam-Antwerp fuel oil stocks fell last week, sources said the drop was the result of a weaker contango rather than returning demand.
- Backwardation eases on release of stored barrels
Backwardation in the Dubai crude futures intermonth spreads narrowed in mid-morning trade in Asia June 22 after Middle East sour barrels were heard being sold out of floating storage for prompt loading.
- Asia residue fuel market - Key market indicators this week
The Asian low sulfur marine fuel market is expected to remain bogged down by ample supply and a lack of incremental demand in the near term, traders said.
- Rallying naphtha price prompts crackers to consider propane as feedstock
A strengthening naphtha market in Northwest Europe has driven the propane-naphtha spread -- sometimes referred to as the pro-nap spread -- to a near four-month high, prompting steam crackers to increase propane throughput.
- EMEA Light Ends -- Key market indicators this week
European gasoline and naphtha cracking margins reached notable highs last week as buying interest continues to be supported by the easing of lockdown restrictions.
- Oil demand faces new threat as 'green recovery' hopes take root
As the world emerges from the economic wastelands of the coronavirus pandemic, hopes are growing that climate-friendly policies and behavior changes will speed the transition away from fossil fuels. But there may be speed bumps along the way.
- USGC middle distillate flows to Europe at 470,000 mt in June, 80,000 mt for July so far
US Gulf Coast middle distillate shipments due to arrive into Europe in June are expected to be around 470,000 mt, of which only around 150,000 mt is bound for Northwest Europe and 320,000 mt for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed June 22.
- Japan 380 CST bunker fuel price hits 5-week high as supply tightens
"We are not able to secure supply at Tokyo Bay" due to current tight availability, a trader said.
- Japanese shipper MOL to re-examine investments, continue to cut carbon footprint
It bunker price assumption for FY 2020 is $240/mt for HSFO and $340/mt for VLSFO.
- Rotterdam VLSFO bunkers at three month high
"Locally, [European] demand is picking up as well, and margins start to find some color," one source said.
- Singapore's fuel oil imports unlikely impacted by Russia's 355% July tax hike: traders
On June 15, Russia's Finance Ministry announced that it will slap a $37.80/mt export tax on heavy oil products.
- Supply of bonded marine fuel at China's Zhoushan over Jan-May rises 67% on year
A total of 1.706 million mt of bonded bunker fuel oil was supplied to ships in the Zhejiang Free Trade Zone during the period.
- Japan 0.5%S marine fuel differential widens to all-time low on poor demand, contract buying
"It is tough to hit target volumes and there are [few] trading days left," a trader said.
- Listen: Fuel oil challenges expectations