|AUGUST 24, 2020|
- Unbeatable exporters
- The dirty dozen and the Port of Hamburg
- Enhancing hinterland links in Germany
- Buyers Products expands warehouse capacity
- Promotion for Uday Sharma
- Pigs can fly after all
- New train links Southampton and Derby
- Global Ports' uneasy H1/2020
- Witron technology in Canada
- JAS "qares" too
- Marcus Ganguin joins Expleo
- BAG issues ECMT licences for 2021
- Asaf calls at Kribi
- Fund manager invests in logistics real estate
- "Curiosity of the Day"
- Swiss forwarder goes on holiday
- Nexxiot delegates Marianna Levtov to ISO
- Germany's Leipzig/Halle airport still on the rise
- Emden and Brunsbüttel join LNG network
|AUGUST 21, 2020|
- Transpacific rates hit new high - $4,000 from Asia to USWC looks likely
- Anger as Amazon pressures US Prime sellers to use its own logistics service
- Lufthansa Cargo opens new pharma hubs as airfreight prepares for a vaccine
- Picture special: the horror and devastation at Beirut port
- MSC beefs up its transpacific offering
- Good news for supply chains as UK ferry operators bounce back
- Market Insight: Toll Group customer chief Bishop is the latest departure
|AUGUST 21, 2020|
- ABB and Marine Log Webinar: The future of marine propulsion-a deep dive on what's on the horizon
Marine Log will join with ABB on Thursday, September 3, from 2 to 3 p.m. EDT for a webinar on the future of marine propulsion in North America. Presented by ABB Marine
- Navatek and University of South Carolina awarded $9.2 million ONR contract
The University of South Carolina, in partnership with Honolulu, Hawaii, headquartered Navatek LLC, has won a $9.2 million contract from the U.S. Office of Naval Research for the research of power and
- NTSB issues report on deadly Alaska barge explosion
The National Transportation Safety Board has issued its report into a July explosion that killed the sole crewmember on a barge was moored at the Delong Dock in Whittier, Alaska. The vessel
- Metal Shark delivers Near Coastal Patrol Vessel to Dominican Republic
Jeanerette, La., shipbuilder Metal Shark has delivered an 85- by 19.5-foot welded aluminum Near Coastal Patrol Vessel (NCPV) to the Dominican Republic's Navy. Named Betelgeuse in the Dominican tradition of naming military
- Somali pirate hijacking? Probably not
An incident that indicated that the Panama-flagged chemical vessel Aegean II (IMO: 9016911) had been hijacked off the Horn of Africa now looks likely to have been something else. According to the
- Wärtsilä profit-sharing deal with Brittany Ferries pays off
A profit-sharing deal based on fuel savings signed by Wärtsilä in 2018 with French operator Brittany Ferries is reported to be delivering significant benefits for both companies. The installation of Trim and
|AUGUST 21, 2020|
- StealthGas posts best results since 2013
Looking ahead chairman Michael Jolliffe has warned that conditions will be difficult as it tries to 'strategically navigate' the coronavirus-affected...
- TOP Ships calls halt to equity offerings amid raft of 'shareholder-friendly' measures
The Greece-based owner said that it will enter into a standstill agreement with Family Trading, a company linked to Mr...
- Pirates dressed as police hijacked chemical tanker, reports say
Maritime police - or pirates dressed like them - from Somalia's semi-autonomous Puntland region boarded the chemical tanker Aegean II...
- Learn the lessons before the next Wakashio comes
It would be better if the grounding of Wakashio had not happened. But given it did, attention must now focus...
- The Lloyd's List Podcast: In conversation with shipping leaders
On the podcast this week David Osler talks to two of shipping's recent intake of leaders setting out their stalls...
- Broken Wakashio to be scuttled off Mauritius
The scuttling was awaiting confirmation from the chief salvage master that all the hydraulic oil and floating debris has been...
- Odfjell profits surge on strong chemical tanker market
A drop in contract coverage freed up Odfjell to take advantage of high spot rates and cheaper fuel. It expected...
- Hamburg adds to boxports' coronavirus woes
Europe's third-largest container port experienced a considerable decline in box traffic during the first six months of 2020. The slowdown...
- West of England members face third successive hike in P&I cover
West was the only International Group affiliate to impose a general increase in 2018 and one of many to do...
- Navios eyes public listing in Brazil for logistics subsidiary
Navios Logistics has become a key earnings contributor for the Angeliki Frangou-led group against the backdrop of a struggling dry...
- Rise of leasing could see ship finance converge with aviation
For decades, airlines have found leasing the easiest way to get their hands on Airbuses and Boeings, and the model...
- The week in charts: Tonne-mile demand tanks, carriers bullish on containers
July's tonne-mile demand figures for crude oil tankers fell sharply, Lloyd's List Intelligence data shows, particularly from the Middle East...
- Performance Shipping sheds last container vessel
Since June 2019, the switch in focus has seen the Greece-based company sell its four remaining boxships for $53.4m, while...
- India's crude imports have fallen to the lowest level in a decade
Crude imports have slumped 36% compared with last year as India's state-run refiners slashed runs, with demand expected to remain...
- Daily Briefing
Free to read: Singapore crew change criticism | Maersk's strategic U-turn pays off | US bonds offer liquidity lifeline |...
- UN denies clearing Rhosus into Beirut port with explosive cargo
Meanwhile, some 18 containerships have docked at the port since the explosion, offloading 10,000 teu and taking on another 10,000...
- Chemical tanker reportedly hijacked off Somalia
Six pirates were reported to have boarded the chemical tanker Aegean II transiting the Horn of Africa 180 nautical miles...
- Hyundai Mipo wins $410m in tanker newbuilds from Bahri
The newbuilding deal has provided timely support to the South Korean builder amid a severe order drought. Orders won since...
- Mauritius may only see limited compensation from Wakashio spill
Any liability for the incident under the Bunkers Convention would be capped at a maximum of about $65.17m, according to...
- Industry on alert as off-spec IMO 2020-compliant fuel oil is detected
Fuel oil products with off-spec sediment content have resurfaced in the Amsterdam-Rotterdam-Antwerp region after a similar high-sediment level problem was found...
|AUGUST 21, 2020|
- Savannah, Virginia ports adjust operations to import uptick
- Wallenius Wilhelmsen reports $19 million loss on Q2 volume plunge
- Montreal port strike truce reached, but cargo backlog to last weeks
- New GRI set to push Asia-US West Coast FEU rates above record high
- Q2 results reveal an emboldened container shipping industry
- Falling China trade slashes Hamburg H1 volume
|AUGUST 21, 2020|
- China Navigation teams up with VIVE for green sugar cargoes
- Project Cerulean brings sail power back to the South Pacific
- Bahamas Paradise seeking settlement in seafarer lawsuit
- VLCC fixtures are slow as Middle East Gulf cargoes dry up
- OOIL's liner division to 'resist the headwinds of the pandemic'
- StealthGas sees stock soar after posting strong profit amid Covid-19
- ITF asks that ports preventing crew changes be tagged 'high risk'
- Bankruptcy judge approves Hermitage Offshore's use of seized bank funds
- Top Ships pledges no stock offerings or bonuses for a year
- Brovig holding company Gezina sinks back into the red
- Brussels' hard line on scrapping helps Hong Kong Convention, says Mikelis
- DOF seals rare PSV scrap deal as it trims fleet further
- Belships falls to a loss after weak bulker market and vessel impairments
- 'Autonomous shipping needs to be commercially viable - not just a pilot or demonstration,' says One Sea
- Lessons learned during pandemic are 'new normal' for Maersk
- WFW boss Lowe heads to Hong Kong to tap growth
- Port of Beirut resumes operation after deadly blast
- Collaboration is needed to optimise port calls and cut carbon emissions
- ICBC puts six Bourbon PSVs up for auction in China
- Odfjell lays in contingency funds to pop big bond balloon
- American Shipping lifts dividend 25% after tanker refinancing
- Odfjell's Kristian Morch leaves champagne in the cooler for now
- Leasing deals inked on Smart LNG's Zvezda newbuildings
- Rokke and banks taking over DOF's joint venture fleet
- Forget onshore terminals and FSRUs, it's 'retail LNG' that counts
- LNG carrier values come under scrutiny in a maturing market
- SCI set to return to international passenger liner services
- Bahri inks $410m MR tanker order at Hyundai Mipo
- Ausca Shipping arrests Shanghai Time panamax bulker
- Performance Shipping becomes pure-play aframax tanker owner
- Viking Line suffers loss amid Covid-19 downturn
- Crew turn Berge Bulk capesize into floating vegetable farm
|AUGUST 21, 2020|
- Lufthansa Cargo adds pharma storage facility in Munich
Lufthansa is expanding its network of cold storage facilities for pharmaceutical products. The network meets the highest industry standards.
- ZIM Q2 net profit shoots up 394%
Q2 EBITDA increases 53.7% and operating cash flow jumps 86.9%.
- Port of Montreal to reopen Sunday after strike truce
The Port of Montreal is expected to reopen Sunday after longshore workers and employers agreed on a seven-month truce to hash out a new contract.
- FreightWaves Flashback 1965: Motorcycle import boom
1965: 1,538 Suzuki motorcycles arrived in Jacksonville; the port's largest single shipment of motorcycles to date.
- Crew members missing after dredging vessel fire in Texas
Fire erupts on the Waymon L. Boyd in the Port of Corpus Christi shipping canal.
- Breaking news: Port of Montreal longshore workers, employers reach tentative deal to end strike
Longshore workers and employers have reached a tentative agreement to end a strike at the Port of Montreal.
|AUGUST 21, 2020|
- Argentina bunkers prices come off multi-month highs despite supply concerns
Argentina's spot marine fuel assessments come off multi-month highs Aug. 21 to close the week on a bearish kick, with ongoing supply concerns doing little to mitigate the decline.
- OIL FUTURES: Crude prices fall on weak European data, rise in novel coronavirus cases
Oil prices fell Aug. 21 as weak European economic recovery news teamed up with concerns about sluggish crude demand amid the ongoing coronavirus pandemic.
- INDIA DATA: July crude imports fall 36.4% on year at 2.92 mil b/d
India imported 12.34 million mt, or an average 2.92 million b/d, of crude oil in July, down 36.4% year on year, showed the latest provisional data from the country's Petroleum Planning and Analysis Cell, or PPAC, Aug. 20.
- Israel's energy sector eyes opportunities following normalization with UAE
The UAE and Israel's recent landmark deal heralds significant opportunities for trade between the two countries, including crude and oil products, that could result in new trade flows in the region.
- Rising temperatures most likely to hit Russian energy projects furthest North: Trucost
An S&P Global Trucost analysis has shown that projects furthest North in Russia, including Yamal LNG, the Bovanenkovo gas field, and the Prirazlomnoye oil field are likely to have the biggest increase in heatwave days up to 2050.
- Saudi Bahri orders 10 chemical tankers from HHI
Saudi shipping company Bahri has ordered 10 Medium Range chemical tankers from South Korea's Hyundai Mipo Dockyard, part of the Hyundai Heavy Industries (HHI) group, for delivery from Q1 2022 in a $410 million deal, it said Aug. 20.
- Argentina's YPF repairs monobuoy in south, a key for exporting heavier crudes
Argentina's YPF has completed repairs to a floating oil loading platform in the country's far south, a key for reviving exports and domestic deliveries of San Sebastian heavy crude after months of delays that led some producers to shut wells, a source at the state-backed energy company said Aug. 21.
- European diesel barge and paper markets hit 2-month low
European diesel markets have slipped lower, with traders reporting that demand has stalled at the same time that new arrivals are weighing on the market.
- July container volumes at China's Shanghai port hit all-time high
As industrial and economic activity in China continues to recover, monthly container volumes at Shanghai port touched an all-time high in the month of July. The port handled 3.9 million twenty-foot-equivalent, or TEU, container shipments in July, up 1.2% year on year and 8.3% month on month, data from China's Ministry of Transport showed.
- Mobility shrinks in key oil consumers amid resurgence of COVID-19
Oil demand indicators in some of the world's biggest consuming countries are in retreat, according to mobility data, amid a resurgence of COVID-19 deaths globally towards levels last seen during first wave of the crisis in April.
- Argentina replaces energy secretary, reflecting commitment to shale resources
Argentina's Energy Secretary Sergio Lanziani was fired Aug. 21 and replaced him with Dario Martinez, a congressman from the shale-oil rich province of Neuquen, a government source said, a move seen as a sign that more focus will be put on developing the Vaca Muerta shale play.
- Barge hits natural gas pipeline in Port of Corpus Christi, causing explosion
A dredging barge hit a natural gas pipeline at the Port of Corpus Christi, Texas early Aug. 21, causing an explosion, according to sources.
- TENDER DATA: Thailand's PTTGC offers IMO-compliant fuel oil for September
Thailand's PTTGC offers IMO-compliant fuel oil for September
- Singapore gasoil crack swap slumps to 11-week low amid poor demand, rising supply
The front-month Singapore 10 ppm sulfur gasoil swap spread against the Dubai crude swap fell to an 11-week low at the Asian close on Aug. 20, amid weakening gasoil demand and expectations of rising regional supply.
- ARA fuel oil stocks rise 10% on week to 1.347 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub increased 10% to 1.347 million mt week on week as of Aug. 19, according to data from Insights Global released Aug. 20, as demand remained at lower levels amid the summer lull period, sources said.
- Singapore's residue stocks rise 7% to 5-week high on higher imports
Singapore's commercial onshore residue stocks rose 7% week on week to 25.485 million barrels, or 4.01 million mt, over Aug. 13-19, Enterprise Singapore data released Aug. 20 showed, amid a jump in imports coupled with a decline in outflows.
- Handysize rates in the Mediterranean drop to 3-year low
Freight rates in the Handysize Mediterranean market continued their retreat from the record highs seen in late April, reaching a three-year low on Aug. 20 as tonnage lists lengthen and European refineries cut runs.
- Singapore HSFO prompt month backwardation widens to 7-month high
The prompt Singapore September/October high sulfur fuel oil backwardation hit a seven-month high on Aug. 20 as HSFO demand from Asia's power sector as well as from refiners both in the US and Asia strengthened amid limited regional supply.
- US ELECTIONS: Biden called climate champion, even as Dem platform criticized
The messaging was clear at the Democratic National Convention: the planet cannot survive another four years of regulatory rollbacks and pro-fossil fuel policies, and Americans can put their trust in former Vice President Joe Biden to right the ship and usher in the bold policies demanded by science and the scale of the climate crisis.
- External: Global Risk Management