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21 October 2020 The on-line newspaper devoted to the world of transports 09:28 GMT+2

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Exim Indiaweb site
SEPTEMBER 24, 2020
  • Major transformation seen in rate conditions in transpacific container shipping
  • MSC named 'Carrier of the Year'
  • Exports gaining momentum & showing signs of speedy recovery: Maersk's India Trade Update
  • Import duty of 5 pc on Open Cells used in TV manufacturing from October 1
  • Boudewijn Siemons appointed new COO of Port of Rotterdam Authority
  • Scale of Rates indexation at Tuticorin Port
  • SMP, Kolkata driving digital transformation across verticals to improve operational efficiency, productivity
  • Allcargo takes big strides to enhance growth across Africa
  • TIR seen helping improve trade between India, Central Asia & CIS countries
  • India's Global Economic Freedom Index 2020 rank down
  • Bengal Chamber holds informative webinar on digitisation being the New Normal in end-to-end maritime logistics
  • Government implementing schemes to provide financial assistance for setting up cold storages throughout the country
  • Majority of employees prefer to continue working from home, shows survey

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International Transport Journalweb site
SEPTEMBER 25, 2020
  • Top gear to the future
  • CMA CGM flying high
  • Train service Scandinavia - China launched
  • Less turnover, more profits
  • Etihad promotes Martin Drew to MD Cargo
  • Spanish perishables now arrive in UK by rail
  • CIIE-themed B777-300 congratulates Beijing Daxing
  • World trade keeps coming back
  • Joint project between Busan and Barcelona
  • 1,111th locomotive rolls off the assembly line
  • Remote pharma re-certfication of SAS Cargo
  • Swissport launches pharmaceuticals label
  • "Curiosity of the Day"
  • Shippeo and Redspher sign partnership
  • On the move again
  • Assisting in delicate and emotional air shipment
  • Crowned winner of the Cilt award 2020
  • More traffic on the Great Lakes

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The Loadstarweb site
SEPTEMBER 24, 2020
  • Airline alliances a shadow of their former selves, but cargo flies
  • Charter market still soaring, with 'owners seeing dollar signs now'
  • UK government KAPs it all with its plan to solve post-Brexit truck queues
  • CMA CGM breaks into air freight with 30% stake in French airline group
  • 'Re-commerce' a new opportunity as supply chains struggle with online returns
  • US shippers feel the pain as rail and road freight rates soar
  • M&A radar: Lineage Logistics - bite-sized acquisition strategy leaves its mark
  • Rail freight specialist Ian Wilson to lead intermodal development team at Forth Ports
  • Market insight: Coming soon: Ceva loads the C-suite with new exec from Hellmann

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Marine Logweb site
SEPTEMBER 24, 2020
  • DNV GL: Fuel choice the essential decision in shipping decarbonization
    The just-released fourth edition of DNV GL's Maritime Forecast to 2050 identifies fuel choice as the essential decision facing shipping as it charts a path to decarbonization. And while there are many
  • Mackay Marine opens Cape Town sales and service center
    Raleigh, N.C., headquartered Mackay Marine reports the opening of its newest marine electronics sales and service center in Cape Town, South Africa, following the acquisition of Dynamic Marine Systems (DMS) (Pty) Ltd.
  • VIDEO: IMO Secretary-General calls for sustainable shipping for a sustainable planet
    In a World Maritime Day message today, International Maritime Organization Secretary-General Kitack Lim said that IMO's theme for 2020, "Sustainable shipping for a sustainable planet," couldn't be more relevant now and for
  • LAD Services delivers walking spud dredge barge
    The Shearer Group Inc. (TSGI) reports that LAD Services of Louisiana has delivered a 200- by 60-foot walking spud dredge barge. LAD Services contracted TSGI to develop the design of the barge
  • ESS specialist offers "microgrid in a box" for easy vessel installation
    Vancouver, Canada, headquartered energy storage system (ESS) specialist Sterling PBES has launched the CanPower "microgrid in a box," designed to add energy storage to virtually any vessel, without the need for complex
  • Canadian Coast Guard icebreaker to retrofit Wärtsilä solutions
    Wärtsilä has won a contract for the delivery and integration engineering of two retractable thrusters and a dynamic positioning (DP) system for the Canadian Coast Guard (CCG) icebreaker CCGS Amundsen. Wärtsilä was
  • Jet and automotive fuels now being used to blend marine fuels
    In a Marine Fuel Alert, the UK P&I Club warns that, reflecting the destruction of demand the aviation and automobile industries have suffered in the wake of the pandemic, it is widely

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Lloyd's Listweb site
SEPTEMBER 24, 2020
  • Floating storage at five-month low
    Since peaking at just over 307m barrels on 254 tankers in early July, volumes held in floating storage have eased...
  • Banks warn against shutting out shipping from green financing
    With an important part of shipping assets and activities unlikely to meet new green financing criteria, industry financiers warn against...
  • UN warned crewing crisis could involve 'a million' seafarers
    The International Chamber of Shipping, which estimates 400,000 seafarers are trapped at sea and the same number trapped on land...
  • Marine insurers must define 'just a glitch', IUMI told
    'It may be beneficial if the maritime industry puts more effort into reporting and finding the root causes, not only...
  • US crude exports to halve by second quarter of 2021
    US crude production and exports are now being closely watched amid faltering demand for land and transport fuels, which has...
  • Crunch time for shipping's green finance credentials
    Shipping's biggest lenders are due to open up their portfolios to disclose decarbonisation trajectories, while criteria for green shipping bonds...
  • Bicycles and baubles show extent of trade war impact
    Higher costs and the effects of the trade war see China lose some of its manufacturing base to neighbouring countries
  • MISC chief seeks niche targets to gain 'first-mover advantage'
    'Each asset in the segments in which we are active costs a lot of money, so we strive to match...
  • UK can lead shipping's green recovery - with the right support
    If the UK maritime sector is to gain a substantial share of a global blue economy set to be worth...
  • Peel Ports says Liverpool is solution to Dover's truck queues
    Peel Ports calls for cargoes to be shipped from ports nearer to traditional manufacturing and transport hubs to avoid supply...
  • NYK to book loss on bulker redeliveries amid uncertainties
    A better-than-expected performance by NYK's container shipping joint venture has helped to lift its earnings prospects
  • Daily Briefing
    Free to read: Will pandemic lead to a maritime crime spike? | Singapore relaxes rules to assist crew changes |...
  • CMA CGM set to buy 30% stake in Dubreuil Group Aero
    The acquisition of the stake in the French private airline group will enable CMA CGM's expansion in the airfreight space
  • Zim launches reefer-focused China-Australia service
    The Israeli container line sees high demand and good opportunities in the reefer market and touts its new service as...

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The Journal of Commerceweb site
SEPTEMBER 24, 2020
  • As US truck capacity tightens, 'shippers of choice' first in line
  • Magaya buys Catapult to bolster quoting power for forwarders
  • Ro-ro carriers report modest bounceback after dismal first half
  • Asia-US West Coast spot rate eclipses $4,000 per FEU: Drewry index
  • Chipolbrok, Crane join forces to extend MPV/HL service to Japan
  • Jaxport secures final dredging funds to deepen to 47 feet

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TradeWindsweb site
SEPTEMBER 24, 2020
  • Supramaxes and handysizes see highest rates since November
    Four supramax bulkers were placed on fixtures on Thursday
  • Abandoned 'floating bomb' tanker creates oil spot in Red Sea
    The spill was reported to the UN Security Council by Saudi Arabia
  • Is insolvent Pullmantur coming back at a higher price?
    Spanish cruise brand, partly owned by Royal Caribbean Group, has posted on Facebook that it is trying to return to sailing
  • Capesize bulker market gets a shot in the arm from the Atlantic
    Stronger capesize rates help boost the Baltic Dry Index by 13%
  • Remote surveys are fashionable, but Idwal warns 'boots on deck' are irreplaceable
    Physical surveys can better overcome hardware, cultural and network connectivity issues, chief executive Nick Owens says
  • Brazil launches investigation into Hygo chief executive, putting IPO in jeopardy
    A series of search warrants executed in the South American country could end Hygo's bid to go public
  • World governments warned inaction on crew changes could have dire consequences
    Officials and industry leaders once again called for 'key worker' status for seafarers
  • Coronavirus seen as benign to shipping as supply crimp supports freight rates
    Environmental regulations expected to constrain newbuilding orders in the coming years
  • Tomini adds delayed kamsarmax and snaps up ultramax
    Dubai bulker owner expands its fleet again following Oslo listing earlier this year
  • Data drive: Shipfix thrives as bulker business moves into the cloud
    Aggregating platform's Antoine Grisay explains how the home-working boom has helped the start-up to attract bigger and bigger clients
  • Equinor and Rokke's Aker BP extend charter deals with Solstad
    Norwegian rival DOF also adds to contract backlog outside Europe
  • Tufton logs loss but will benefit from market rebound
    UK shipping investment fund confident that it is well placed for an eventual recovery, however
  • Insurers pay out $900m as car carrier claims soar
    Cargo, hull and salvage claims from car carrier casualties are becoming a major concern for insurers, with one particular loss running up an eye-watering bill
  • IMO discusses sustainability under the darkening cloud of crew crisis
    The problems of seafarers cannot be ignored on a day the IMO chose to discuss the environment
  • John Fredriksen loses $1.1bn in a year
    Shipping tycoon is still more than twice as rich Norway' second-richest person
  • Tufton says rest of 2020 not going to get easier as it logs loss
    UK shipping investment fund confident that it is well placed for an eventual recovery, however
  • NYK Line revises profit forecast upwards on the back of ONE performance
    Japanese outfit's liner business is improving but it will lose money by terminating capesize bulk charter contracts early
  • Another GP Global-chartered tanker threatened with arrest over cargo misdelivery allegations
    Troubled commodity trader and bunker supplier accused of telling ship to discharge the cargo to receivers who did not hold bills of lading
  • K Line adds $109m to profit forecast as boxship demand recovers
    Japanese owner was previously expecting a loss due to Covid-19 effects on its business
  • Zero-carbon fuel transition must start now to achieve 2050 goals
    Entire maritime community needs to get moving on less carbon-intense fuels if it is to meet the IMO's emissions targets, urges DNV GL maritime chief Knut Orbeck-Nilssen
  • Scorpio Tankers hits the road to sell 'big' bond issue
    Product carrier owner holding calls with investors as it looks to add to liquidity
  • Zhonggu Logistics targets boxship buys with $218m IPO cash
    Chinese container line looking to make the move on to the main board in Shanghai
  • United Nations head speaks out on crew change crisis
    Comments come ahead of an IMO presentation to UN urging governments to act on issue affecting 800,000 seafarers
  • Shipping seeks to count the cost of EU emissions trading
    More ambitious baseline may make meeting EU rules more difficult than IMO's targets.
  • CMA CGM looks beyond shipping after buying into French airline
    French line continues to diversify with new investment in Groupe Dubreuil Aero
  • India's Jalesh Cruises to resume cruising in November
    Mumbai-based operator throws free Covid-19 test into the cruise package
  • Seadrill dragged into Brazil's Operation Car Wash corruption probe
    Federal police serve Brazilian subsidiary with search and seizure warrant
  • Nakilat floats VLGC fleet for sale as it homes in on LNG
    Doha-based shipowning giant is also inviting offers on a small stake in an LNG carrier
  • Bangladesh set to get its first ever cruise operation
    South Asian nation gets major upgrade on passenger services to remote resort island.
  • Sargeant Marine will pay $16m after South American bribe schemes
    The Florida company bribed officials in Brazil, Ecuador and Venezuela

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American Shipperweb site
SEPTEMBER 24, 2020
  • Port Houston: Bigger ships need wider channel
    Shipping channel widening is expected to begin next year.
  • Peak shipping season for air cargo heats up to full boil
    Good luck finding an available aircraft to haul your goods at a reasonable price for the next three months. Competition for airlift is fierce these...
  • Ocean carrier group seeks dray truckers' chassis complaint dismissal
    The Ocean Carrier Equipment Management Association says the Federal Maritime Commission's jurisdiction does not apply to a domestic transport dispute with container-hauling truckers.
  • Japan Airlines sees future for drones
    JAL supports testing drone systems to safely and efficiently deliver essential goods to the country's health care network.

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The Bunker Bulletinweb site
SEPTEMBER 24, 2020
  • High trans-Pacific container rates trigger spikes on other ex-Asia routes
    Strong demand and attractive rates for trans-Pacific routes have worsened the container shortage in Asia, leading to a domino effect on prices on other routes within Asia.
  • OIL FUTURES: Crude oil lower as concerns over coronavirus, US growth weigh
    0636 GMT: Crude oil futures were lower in mid-afternoon trade Sept. 24, as coronavirus concerns and a negative economic forecast weighed on oil, but a US stock draw helped pare losses.
  • CRUDE MOC: Sour crude convergence emerges for first time in September
    A convergence cargo was declared on the Platts Market on Close assessment prices on Sept. 24, the first one seen this month.
  • FOB NWE butane coasters strongest in 4 months on market tightness
    FOB NWE butane seagoing coasters have strengthened to a four-month high as a percentage to naphtha on market tightness driven by short supply in Northwest Europe.
  • ARA diesel, gasoil stocks fall 5.5% on week to 2.787 mil mt: Insights Global
    Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub dropped from a 13-month high, slipping 5.5% week on week to 2.787 million mt as of Sept. 23, Insights Global data released Sept. 24 showed.
  • Asian butadiene hits 7-month high, boosts butadiene-naphtha spread to 5 1/2-month high
    The key CFR China butadiene marker was driven to a seven-month high at the Asian close on Sept. 23 by limited supply and healthy downstream demand, which swelled its spread to feedstock naphtha to a 5 1/2 month high, Platts data showed.
  • West African imports of ULSD at multi-year high in September: Kpler
    West African imports of ultra low sulfur diesel -- with maximum 15 ppm sulfur -- in September were expected to reach 484,000 mt, which would be the highest monthly volume in data going back to January 2017 and in which the average was 117,000 mt, according to commodity data company Kpler on Sept. 24.
  • OIL FUTURES: Gasoline cracks rise as crude, RBOB futures diverge
    Gasoline cracks rise in midday US trading Sept. 24 as RBOB futures climbed against an oil complex that otherwise lacked direction.
  • Singapore Oct ex-wharf marine fuel term contract indications higher on month on demand uptick
    "The market is still very volatile, so I am going to wait till the very end of the month to place a bid for October term," a Singapore-based bunker trader said.
  • Taiwan to skip LSFO exports in October amid lower production, weak margins
    "We are likely to skip [LSFO exports] in October as well. We are just focusing on meeting our domestic bunker demand for the time-being," a company source said.
  • S Korea delivered 0.5% marine fuel differential hits 5-month high on tight supply
    Korean refiners have reduced operating ratio due to bad gasoil cracks, resulting in a drop in fuel oil volumes, a source said.
  • August container volumes at China's ports up 7% on year amid firm demand
    Total container shipments at China's ports increased 1.3% on the month in August, data published by the Ministry of Transport showed.
  • Regulatory framework, flexibility key to navigating shipping decarbonization: DNV GL
    Fossil LNG gains a significant share until regulations tighten in 2030 or 2040 depending on the decarbonization pathway,it said.
  • Oil tanker arrivals mark restart of Libyan exports
    Sources said this tanker was chartered by Unipec, which has regularly lifted Libya's Sarir/Mesla crude.
  • Fujairah oil product stocks slip to near six-month low
    "Two suppliers left the Fujairah bunker market, which has reduced the competition," Mali said.

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