|JULY 23, 2020|
- K+N's first-half earnings and net profit decline on coronavirus crisis
- Governments shifting their positions on crew changes after IMO summit
- Floods in China disrupt Yangtze River cargo flow
- Box ship demolition increases, but scrap prices have fallen 25pc this year
- Ironing out bugs in post-Brexit UK-EU software looms as concern
- CONCOR announces a first quarter profit decline of 21pc US$4.6 billion
- HAECO removes seats from B777s for Cathay to operate cargo flights
- Extension of airline payroll aid sought by unions, and Congressmen
- Jana Schebera appointed Tigers new MD for China
|JULY 22, 2020|
- A. P. Moller-Maersk among companies in initiative to accelerate transition to net zero global economy
- Coronavirus crisis seen endangering long-term safety improvements in shipping industry
- GAC inks agreement to acquire container logistics business of Ahlers Singapore
- SOPs issued for repatriation of foreign seafarers from country's ports
- Crowd sourcing of suggestions for review of existing Customs duty exemption notifications/Customs laws & procedures
- Quantity of sugar for export to EU under CXL quota allocated
- APM Terminals Pipavav celebrates World Youth Skills Day 2020
- APSEZ becomes first Indian port to sign up for Science Based Targets Initiative to reduce emissions
- Cochin Port not allowing crew change of foreigners at outer anchorage
- FDI from the US to India seen on the rise
- Manufacturers looking to reduce import dependency as quarterly survey reveals decline
- Should digitally delivered products be exempted from Customs duties?
|JULY 22, 2020|
- Scrubber fittings plummet as cost advantage is mitigated by low fuel price
- Latest freighter fire prompts new questions on lithium battery safety
- Hijacks, riots and rising costs - road freight in South Africa is 'on its knees'
- Booming intra-Asia trade pushes carriers to launch more services
- Qatar Airways in legal bid for compensation over 'illegal' four-nation blockade
- Wary US perishables shippers eye domestic markets to minimise risk
- Ethiopian Airlines 777 freighter catches fire in Shanghai
- Supply chain radar: Outsourcing Logistics - a fling or marriage?
|JULY 22, 2020|
- ProZero participates in EU funded short sea shipping project
Danish workboat producer ProZero International reports that it is one of the participants in an EU funded project called MOSES that aims to increase the short sea shipping component of the European
- VIDEO: Kanfer and CGR cooperate on liquid methane bunkering vessel
Norway's Kanfer Shipping AS has reached a licensing and development agreement to market a liquid methane bunkering vessel (LMBV) design developed by another Norway-based company, CGR Arctic Marine. According to Kanfer, the
- MAN Energy Solutions to make massive job cuts
Preparing for "a prolonged period of stagnant sales as a result of the COVID-19 pandemic," the executive board of MAN Energy Solutions is launching what it calls a comprehensive program to ensure
- ABS to class first West Coast LNG bunkering ATB
ABS is to class the 4,000 cu.m. LNG bunkering barge that Cryopeak LNG Solutions Corporation and Island Tug & Barge Ltd. plan to operate on the North American west coast from 2023
- House passes NDAA that bundles in significant maritime provisions
H.R. 6395, the William M. (Mac) Thornberry National Defense Authorization Act for FY2021, was passed by the House yesterday by a vote of 295 to 125. Like many complex pieces of legislation,
- Huntington Ingalls makes strategic equity investment in Sea Machines Robotics
Boston-based Sea Machines Robotics, a leading developer of autonomous systems for ocean-going vessels and workboats, reports that it has closed a new $15 million financing round with significant participation by Huntington Ingalls
- Schottel introduces new medium-sized azimuth thrusters
Spay, Germany, based propulsion specialist Schottel has delivered the first units of a new series of medium-sized azimuth thrusters. The M-series consists of several rudder propeller sizes covering a power range of
|JULY 22, 2020|
- Seafarers disembark after months trapped on vessel
Some three-quarters of crew changes on the world's international fleet of 50,000-plus ships have not gone ahead since the global...
- Weekly briefing: Mixed signs for containers market, US gets new crude terminal
Poor box throughput figures at US west coast ports continued last month but there are signs carriers are gradually...
- Wilhelmsen deal with MPC may be a paradigm shift for Hamburg
The deal makes immediate sense for MPC, but could it prove the catalyst for something bigger?
- Volatility likely to remain in dry bulk
While the demand side is looking robust, the supply of vessels looks tight, Breakwave says
- Low-carbon pioneers compete for stake in untapped market
A new study by Blue Insight found there more than 40 projects and organisations pushing to gain a foothold in...
- New shipping group link to newbuilding MR tankers
The vessels are expected to be delivered in the third quarter of next year
- Low fuel prices push up scrubber payback periods
Carriers are still benefiting from lower bunker costs despite closing spread for low-sulphur fuel
- Daily Briefing
Free to read: Stranded seafarers make direct appeal for more action on crew changes | Is shipping to blame for...
- Lender moves against Hin Leong's vessel-owning affiliates
The bank pointed to the fact that Hin Leong founder OK Lim had admitted to improper financial reporting for several...
- Singapore sees rising cases of coronavirus-infected crew
All parties have been urged to adhere to MPA's crew change regulations because any non-compliance may result in any or...
- Evergreen told to improve stowage after cargo loss
Combination of factors resulted in a loss of integrity for the whole deck cargo bay
- Cosco sets up tanker unit in Hainan to support national strategy
CSET says the arrangement is an important step for the company in implementing the national maritime strategy to turn Hainan...
- Port of Charleston expects uptick in throughput from new Walmart facility
The new distribution centre is the latest development in Walmart's 20-year-old 'four-corner' strategy that entails using multiple ports on the...
- US retailers urge national mask policy to boost demand
The decline in retail sales has had a clearly negative effect on container shipping, according to Hapag-Lloyd chief executive Rolf...
|JULY 22, 2020|
- Maersk to levy manual change fees in September
- Blue Yonder nudges into warehouse robotics integration picture
- COVID-19 accelerates Indian container trade digitalization
- Time to review carrier block exemption: shipper groups
- Two FMC commissioners want closer review of blank sailing monitoring
- Pacific Northwest ports expect Q3 volume rebound
|JULY 22, 2020|
- South African court to sell Tulshyan-owned MPP at auction
- Princess Cruises extends lay-ups on some ships to mid-December
- SAM Shipping bulkers get auction dates
- Low-profile bidder scores decisive victory in containership auction
- Carsten Mortensen's Dee4 orders up to four MR tankers
- Shareholders pull Frangou into Navios Containers lawsuit
- DP World linked to bid for Shreyas Shipping and Logistics
- Singapore cracks down on agencies after 'tampered' Covid-19 tests emerge
- BHP shipped 11% more iron ore in second quarter
|JULY 22, 2020|
- Shipping stock pickers turn down the volume - way down
An analysis of daily traded values and volumes of tanker and dry bulk stocks.
- Maersk on board journey to zero emissions
World's largest container shipping line is "committed to a carbon-neutral future of transport and logistics."
- Fire extinguished on Ethiopian Airlines freighter at Shanghai airport
An Ethiopian Airlines plane suffers extensive damage in a fire at Shanghai Pudong airport.
- Amazon plans new facility in El Paso, brings 700 jobs
Amazon will offer a minimum starting wage of $15 per hour in El Paso
- LATAM lands Brazil's last COVID-19 emergency air bridge flight
Latin American airline mobilized five Boeing 777 passenger planes to move 1,200 tons of N95 masks on board 39 cargo-only flights from China to São...
|JULY 22, 2020|
- Global mobility flatlines as fears over rising COVID-19 infections escalate
Energy demand indicators in the world's biggest oil-consuming countries suggest the economic recovery from the COVID-19 pandemic is flatlining, and in some cases retreating, amid growing concern over an acceleration in infections globaly.
- Venezuela's diesel suppliers urge US not to block the shipments crucial to power supply
Suppliers of Venezuela's diesel imports are working to head off any attempts by the Trump administration to block their diesel-for-crude swaps, arguing the still-allowed shipments are crucial for humanitarian purposes like power generation and agriculture.
- Brazil's Petrobras Q2 refinery output slides 7% on year: report
Brazilian state-led oil producer and refiner Petrobras registered a 7% year-on-year decline in refinery output in the second quarter, despite signs of a gradual recovery that lifted refinery capacity utilization rates to return to pre-pandemic levels in June.
- Tropical Storm Gonzalo forms in Caribbean, could reach hurricane strength by Thu
Tropical Depression seven was upgraded to Tropical Storm Gonzalo early July 22 as the storm's wind speed picked up to 75 miles an hour, and expectations are for it to reach hurricane status by Thursday, according to the National Hurricane Center data.
- OIL FUTURES: RBOB climbs from morning lows; crude lower following US build
Prompt NYMEX RBOB futures climbed from early session lows midmorning July 22 after US Energy Information Administration data showed a decline in US gasoline inventories, but rising US crude inventories and flagging refined product demand held the oil complex in the red.
- S Korean bunker fuel suppliers ink Q3 term contracts at $15-$20/mt discount
Term contracts for the supply of marine fuel 0.5%S at the main South Korean ports of Yeosu, Busan and Ulsan for the third-quarter concluded at between $15-$20/mt discount to the Mean of Platts Singapore Gasoil 10 ppm assessments, market sources said July 22.
- Brazil's Petrobras Q2 refined product sales sink 14.2% on year
Brazilian state-led oil company Petrobras registered a 14.2% year-on-year tumble in refined-product sales during the second quarter, but also reported signs of a nascent recovery in Latin America's biggest market, according to the company's latest production and sales report.
- Crude edges lower as US stimulus hopes offset US-China tensions
Markets were balancing bearish US inventory report showing crude stockpiles, production both up week ended July 17.
- Singapore fuel oil narrowing contango may force traders to short stocks: sources
"VLCC rates have dropped, and storing costs are getting lower. But the current contango does not make economic sense," said a trader.
- Singapore Aug ex-wharf marine fuel term contracts settle lower on sluggish demand
"There were slightly more inquiries for [Singapore-delivered marine fuel 0.5%S] this week because crude oil price went up," a trader said.
- FUJAIRAH DATA: Stocks drop after Saudi prince warns of power demand pickup
Inventories stood at 25.342 million barrels, down 5.7% on the week and the lowest since April 27, according to data released July 22.
- Bangladesh begins importing 0.005% sulfur gasoil as climate action looms
BPC will import around 4.5 million mt of 0.005% sulfur gasoil annually to meet domestic demand, Hasan said.
- North Asia high sulfur bunker fuel demand jumps in July as more ships install scrubbers: traders
Supply of the grade was tight in Hong Kong as scrubber-installed ships have been taking big stems.