|SEPTEMBER 23, 2020|
- CMA CGM inducts largest LNG-powered container ship in the world
- Fourth edition of Maritime Forecast to 2050 released
- Shipping companies lose 1,382 containers every year at sea: WSC
- India turns net exporter of steel to China for the first time in several years
- Blue Dart Express announces General Price Increase w.e.f. Jan. 1, 2021
- SpiceJet launches dedicated cargo services to various cities in the North East
- SEZs should be given non-fiscal incentives instead of tax sops, says study
- Air cargo analysis
- Kiran Rambhia elected new President of BCBA at 35th AGM
|SEPTEMBER 24, 2020|
- Southern premieres
- Four UK railways win contracts
- ITJ Video News - 24 September 2020
- Vancouver intermodal hub opening in 2021
- Khalifa Port sticks to its goals in 2021
- B747 freighters for Saudia Cargo and ASL Belgium
- GWC to provide logistics services for 2022 Fifa World Cup
- ArrowXL appoints new HR director
- Serbia-Montenegro Rail links progressing
- New CAX service from ZIM
- KLM upgrades AMS pharmaceuticals hub
- Aviva Investors with acquisition in France
- Two awards for iPort Rail Doncaster
- Special hopper cars to ship fertilisers
- Ceva anchors in Laem Chabang
- Ron Crouch Transport acquires AG Logistics
- "Curiosity of the Day"
- Additional charge for Sander Breugelmans
- A South Floridian matter
|SEPTEMBER 23, 2020|
- Felixstowe brings back former chief Chris Lewis as lines introduce port surcharges
- Gefco says cyber attack on its system was 'designed to disrupt our business'
- Fury as UK government looks to blame predicted Brexit chaos on logistics sector
- Container shortage crisis spreads to India delaying exports
- KLM: 'Importers, are you winning a battle, but losing the war?'
- Lines refuse Bangladeshi DG imports as shippers caught in Navy/ Customs catch-22
- Zim to enter Asia-Australia container trade despite Sydney port woes
- Kraft Heinz playing catch up in supply chain efficiencies
- On the wires: Changes
|SEPTEMBER 23, 2020|
- Metal Shark enters the expedition yacht market
Jeanerette, La, based shipbuilder Metal Shark has introduced a 48-meter (158 foot) aluminum catamaran expedition yacht. The new Metal Shark M48, named Magnet, is the is the first-ever private recreational yacht built
- MetalCraft Marine delivers high performance patrol RIB duo
MetalCraft Marine reports that its U.S. yard in Watertown, N.Y., has just delivered two of its 34 foot high performance patrol RIBs to the Mississippi Department of Natural Resources Police. The boats
- Coast Guard cutter crew battles shipboard fire
The U.S. Coast Guard Cutter Waesche (WMSL 751) arrived at Yokosuka, Japan, today after combating a shipboard engineering fire on September 20, during a scheduled deployment to the U.S. 7th Fleet's area
- Damen makes another rapid ASD tug delivery
On September 20, Damen Shipyards Group delivered an ASD tug 2810 to Thomas Services Maritimes (TSM) in France. TSM was looking for a proven vessel and design, 60 tons bollard pull, with
- New P&O Ferries double-enders will feature fuel saving ABB solutions
ABB has won a contract from Guangzhou Shipyard International Ltd., China, covering the supply of a full scope of integrated solutions for two new vessels the yard is building for Dover, U.K.,
- Shoreside power banks for electric vessels could use recycled batteries
Sweden's Stena Group, whose operations include Stena Rederi and Stena Line, is taking the next step in shipping electrification: the development of a new type of shoreside energy storage, similar to very
- HII breaks ground for Unmanned Systems Center of Excellence
America's largest military shipbuilder is gearing up for the U.S. Navy's plans for a future fleet mix that will include many more unmanned vessels, both on the water and beneath it. Huntington
- USCG exercises $222 million four-ship FRC contract option at Bollinger
The U.S. Coast Guard has exercised a contract option, worth just over $222 million, for production of four more Sentinel-class fast response cutters (FRCs) and associated deliverables with Bollinger Shipyards of Lockport,
|SEPTEMBER 23, 2020|
- Is anyone listening to the World Maritime Day sermon?
Too often shipping remains out of sight, out of mind and in the shadows, while we impotently bemoan this sea...
- EU proposes asylum plan for migrants rescued at sea
Plan includes a 'solidarity mechanism' that will cover disembarkation, but Ecsa says ships need reassurance that pre-screening of migrants mentioned...
- Shipping still major polluter but getting greener, Berglund says
There are many candidates to replace bunkers, including biofuels, hydrogen, methane, ammonia and batteries, but all have pros and cons...
- TEN posts record second-quarter profit
New York Stock Exchange-listed tanker owner reports second-quarter net income of $49.6m, compared with a $300,000 profit in the year-earlier...
- Will pandemic lead to a maritime crime spike?
Impoverished coastal communities and stranded seafarers are easy marks for malefactors, International Union of Marine Insurance hears
- Euronav eyes consolidation in response to peak oil demand
Peak oil demand may have passed or may be arriving soon. But the head of the significant crude tanker owner...
- UK-backed ferry company with no ships goes bust
A sorry chapter in UK shipping history comes to a close with the demise of a shipping company that never...
- Norden revises forecast boosted by Dry Operator unit
The company said it has managed to secure contracts with higher margins per vessel day
- Strong demand puts lid on inactive boxship fleet
High capacity levels on the transpacific have led to falling numbers of idle ships and better rates for owners of...
- Weekly Briefing: Transpacific rates at new high; tanker demolition hits three-decade low
Transpacific box ship demand continues to soar but US regulators appear to have followed China in calling for more tempered...
- IUMI head says 'environment will set the tone for decades'
In the long run, the environment is more important for insurers even than the pandemic, newly re-elected president Richard Turner...
- Industry 'shocked' by lack of Brexit planning as UK warns of ports chaos
The UK government is warning of 7,000 truck-long queues lasting several days for Channel ports after the Brexit transition period...
- Daily Briefing
Free to read: Chinese leasing houses weigh options amid uncertain outlook | Yard Talk: Why China is looking to China...
- Singapore relaxes rules to assist crew changes
The Maritime and Port Authority of Singapore has reduced the 14-day quarantine period to seven days if the crew member...
- Port of Singapore boosts electrification efforts
Proposals are expected to come from consortiums comprising industry players and institutes of higher learning and research institutes, and a...
- Russian nuclear icebreaker to develop northern sea route
The action comes as other nations step up their interest in the Arctic, especially the US and UK, which seek...
- Golden Ray capsizing caused by unstable loading, US Coast Guard says
The coastguard analysis showed Golden Ray failed to comply with International Maritime Organization stability standards at the time it capsized...
- Maritime law firm's managing partner moves to Hong Kong
The increased strength of Asian operators and rising numbers of Chinese newbuildings are among the reasons for the firm to...
|SEPTEMBER 23, 2020|
- Retail logistics processes could replace physical stores: Target's Valdez
- CMA CGM expands air cargo reach with airline stake
- US intermodal volumes show signs of recovery
- US retailers begin holiday sales earlier to curb parcel costs
- Record Asia-ECSA rates set to climb higher on soaring demand
- JOC Uncharted: Vaccine delivery to soak up air capacity for up to 18 months
|SEPTEMBER 23, 2020|
- China's Yangzijiang Shipbuilding gears up for VLCC debut
Group in talks to take over a half-built crude carrier from compatriot Jinhai
- EU sanctions two shipping companies over breaking arms embargo
Med Wave had its car carrier seized in Italy over allegedly breaking the embargo
- Hope of tanker revival in Mediterranean as Libya hikes crude exports
Resumption of the war-torn country's oil trade would provide employment opportunities to aframax and suezmax owners
- Evergreen fights for payment after award against Colombian agent
Taiwanese company won $1.16m, but has not yet been paid
- Tanker weakness is seasonal and may be just a hiccup, Tsakos Energy says
After posting a record result during the tanker boom in the first half of the year, Greek owner expects market to quickly overcome "challenging" third quarter
- Chemical tanker veteran Otto Fritzner dies at 78
- Imabari and Japan Marine United to delay start of joint venture shipyard
Japanese shipbuilders say they are still awaiting for approval from the competition authorities to come through
- India warns of 'toxic tanker' on the way to Alang
The cash buyer linked to a controversial ship is not sure if he owns it, but Indian authorities are sounding an alarm
- Beware of fugitive tanker, lawyers warn potential buyers
Lawyers are warning shiprecycling players off an aframax on the run from UBS Bank and the High Court of Sri Lanka
- Nordic American Tankers unveils newbuilding order after four-year hiatus
New York-listed suezmax specialist books two ships from Samsung Heavy Industries amid falling newbuilding prices
- Fred Olsen still considering options for ageing cruiseship duo
Shipowner says no decision taken yet on potential sale or scrapping of Boudicca and Black Watch
- HMM unveils new control centre for world's biggest boxships
South Korean shipowner has built a bespoke facility to oversee operation of its 24,000-teu fleet
- China to expedite customs clearance for crude imports amid port congestion
Easing congestion in China would add to oversupply woes in tanker markets
- Jefferies says Eagle Bulk can survive 'forever' at current rates
Analysts encouraged about bulker owner's prospects after management meetings
- Reefer in collision with Russian frigate off Denmark
Maestro Shipping cargoship not in danger following incident in Oresund
- Five salvors bid for Wakashio wreck removal contract
Process begins to select which salvage company will dismantle the stranded stern section
- Peter Dohle clinches highest ever feedership charter rate with Maersk deal
Asian deal illustrates shortage of smaller vessels as boxship rally continues
- Money-spinning bulkers lead Norden to raise 2020 profit guidance
Norden expects its dry operator business unit to achieve a better result in 2020 than in both 2018 and 2019
- Greece's Edge Maritime picks up fifth suezmax unit this year
Little-known Piraeus player seen behind acquisition of 17-year-old tanker
- Feeding the dragon: boxship operators are playing with fire
Liner giants face unwanted attention from Beijing over East-West container rates
- Navios-chartered bulk carrier arrested in legal spat over someone else's logs
Japanese-owned capsize bulker seized in dispute over unrelated cargo discharged without bills of lading
- Scilly Steamship plots first fleet renewal in 43 years
UK shipowner needs to replace ageing ropax for mainland trips
- Harald Wilke resigns following refinancing at MPC Container Ships
Finance chief quits after two years, with company bringing in Benjamin Pfeifer as his replacement
- Norwegian shipbroking faces a global challenge like never before
Finn Engelsen put Grieg Shipbrokers on a global footing. Now the local shipbroking scene no longer has a place for him
- Plot thickens in big-bulker S&P as Economou explores offloading duo
Greek shipowner mulls sale of modern newcastlemax pair, amid busy transaction activity around the largest types of dry bulk carrier
- Keppel Corp share sell-off 'overdone' says UOB Kay Hian
Singapore rig builder has seen $1.7bn wiped off its market capitalisation since Temasek walked away from partial offering
- Pacific International Lines fleet pruning sees boxships and bulker sold
Singapore-based liner company is said to have sold two feeder-sized boxships and a bulker as part of fleet rationalisation plan
- Singapore relaxes crew change requirements for those from 'low risk' nations
City state says seafarers can now obtain a negative Covid-19 test 72 hours prior to departure to Lion Republic
- Trio of alleged front companies keep pushing US to return gasoline
The US allegedly did shoddy legal work in seizing more than 1m barrels of gasoline off Greek-owned tankers earlier this year
|SEPTEMBER 23, 2020|
- HMM may explore autonomous ships, trans-Atlantic trade
South Korean carrier announces opening of fleet control center but doesn't open up about sailing plans.
- Chinese container factories are now sold out until February
Bullish signal: Strong demand for box equipment extends into 2021.
- House lawmakers approve $13.6B lifeline for Highway Trust Fund
Credit agency raises flag on long-term funding issues.
- Largest LNG-powered container ship making maiden voyage
The Jacques Saadé is the first of nine vessels designed to reduce CMA CGM's environmental footprint.
- Commentary: What products are US consumers buying?
Earnings reports from retailers show a clear shakeout between winners and losers.
- US chassis providers stay on roll to radial tires
Bias-ply tires persist within the nation's container chassis fleet, but equipment providers vow that their days are numbered with the ongoing switch to radial tires.
- Teddy hits Canada with 60 mph winds, heavy rain
Teddy brings high winds and flooding to highways as it makes landfall in Nova Scotia, Canada, as a post-tropical storm east of the Port of...
- US airforwarders adjust to new COVID business environment (with video)
Logistics companies are making lemonade from lemons during the coronavirus. New processes and workarounds keep freight moving, but often at extra cost.
- Container rates are on fire. How can you invest in that?
Analysts point to upside prospects for container-ship stocks as charter rates rebound.
|SEPTEMBER 23, 2020|
- Libya's reopening creates headaches for oil contract holders in long market
As ports reopen in Libya, after an eight-month blockade, the prospect of 1.2 million b/d of crude returning to the market is creating headaches for those with equity and term contracts in the country, whose limited requirements have been covered with oil from Algeria, Azerbaijan, Nigeria and the US.
- Singapore's MPA, SMI launch call for decarbonization of harbourcraft industry
A total of S$9 million ($6.6 million) from the Maritime GreenFuture Fund will be set aside to co-fund such harbourcraft projects.
- US refined product stocks fall as hurricanes, maintenance slow refinery runs
US refined product stocks moved lower in the week ended Sept. 18 as weak refinery runs and an uptick in exports outweighed tepid demand, US Energy Information Administration data showed Sept. 23.
- Japan's ENEOS raises weekly wholesale oil product prices by Yen 1,000/kl: sources
Japan's largest refiner ENEOS has raised the weekly domestic wholesale base price of its five major rack petroleum products by Yen 1,000/kiloliter ($1.51/b), market sources told S&P Global Platts Sept. 23.
- OIL FUTURES: Crude steady although demand and supply pressures remain
Crude oil futures were little changed at midday in Europe Sept. 23, with supply and demand pressures keeping the outlook weak.
- California to require all new cars, passenger trucks be zero emission by 2035
California, the top US gasoline-consuming state, aims to end new sales of gasoline-powered cars and passenger trucks by 2035, according to an executive order announced Sept. 23 by Governor Gavin Newsom.
- Singapore Oct regrade swap narrows to 15-week high as jet fuel gains momentum
The Singapore front month regrade swap -- the spread which measures the value of jet fuel over that of 10 ppm sulfur gasoil -- narrowed to a 15-week high at the Asian close on Sept. 22, underpinned by strength in the jet fuel complex on expectations of firmer seasonal peak demand during the winter period in the northern hemisphere.
- RenewableUK calls for hydrogen strategy backing 5 GW electrolysis by 2030
The UK government should set a target of 5 GW of renewable electrolyzer capacity by 2030 and 10 GW by 2035, along with a cost reduction target of GBP2 ($2.55) a kilogram of green hydrogen by 2030 down from GBP8/kg now, renewable energy association RenewableUK said Sept. 23 in a new report.
- China's carbon neutral pledge signals turning point for fossil fuel markets
China's unexpected stance on climate change at the United Nations General Assembly on Sept. 22 could signal a turning point for the coal and petroleum industries, and puts the country's next five-year economic plan starting 2021 firmly in focus for major policy announcements impacting energy markets.
- OIL FUTURES: RBOB climbs as export surge drives down US gasoline stocks
NYMEX RBOB futures moved higher midmorning Sept. 23 following a larger-than-expected draw in US gasoline inventories.
- External: Global Risk Management
- Typhoon Dolphin to affect bunkering at Japan Sept. 24: sources
Two other typhoons, Haishen and Maysak, had caused loading delays and barge tightness in the first-half of September.
- Japan's Oct-Mar marine fuel 0.5% bunker differentials inked near minus $10/mt
"The term prices do not fluctuate much, as daily spot assessments already reflect supply and demand balances," a trader said.
- OIL FUTURES: Crude lower as US stock build adds to weak outlook
"The sensitivity of the oil market to coronavirus concerns is still weighing on price action," AxiCorp's Innes said.
- Europe-Asia naphtha arbitrage flows capped by 4-month high freight
"Hopefully the Asian market can cool down after more arbitrage volumes arrive," a North Asian naphtha end-user said.
- Hapag Lloyd increases rates on East Asia to East Coast South America route
The new rates will be applicable from Oct. 1.
- US LNG utilization expected to rebound quickly after storm passes Gulf Coast
Sempra Energy's Cameron LNG remained offline from an earlier storm, and along the East Coast Dominion Energy's Cove Point terminal was undergoing annual maintenance.
- Port of Antwerp takes step towards methanol, hydrogen bunkers
"The methatug will be operational at the end of 2021," the spokeswoman said.
- Sumitomo, Cryopeak sign MOU to supply LNG bunker fuel to N America's Pacific NW
The agreement will be to supply ports such as Vancouver, Roberts Bank and Prince Rupert, Cryopeak said.
- ONE reinstates seven trans-Pacific sailings during Golden Week
In early September, THE Alliance canceled 25 sailings between late September and early November in anticipation of weaker demand.