|JUNE 26, 2020|
- Container shipping heading for a US$9b annual profit: Sea-Intelligence
- ZPMC to supply 28 sets of cranes to Hainan Harbour & Shipping
- More than 100 companies back HPH's Quebec City terminal
- LA's APM Terminals Pier 400 sets new world box-handling record
- Ships look to replace exhausted seafarers as ports slowly open
- EU efforts to soothe transatlantic trade tensions with US have stalled
- Air cargo rates and capacity fall as PPE demand weakens
- Cranfield Research sees a smaller, slow recovery in air transport industry
- US posts rule allowing US companies to work with Huawei on 5G
|JUNE 25, 2020|
- Baltic index gains across all vessel segments
- J. M. Baxi & Co. facilitates record sign-offs from 3 vessels
- Anti-dumping duty recommended on black toner in powder form from China, Malaysia, Chinese Taipei
- Oilmeal exports rise 23 pc in May
- Port of Antwerp registers strong reefer volume growth in Q1
- Govt determined to prevent sub-standard imports & "opportunistic" takeover of domestic firms, says Piyush Goyal
- India opposes easing of farm exports tariff at WTO
|JUNE 26, 2020|
- Greater weight for freight
- NAP snaps up digital payment software
- Intermodal operators take over Neuss Trimodal
- Inther Group automates hub in Ireland
- Rekola to head Steerprop's sales and projects
- Quieter LGP wagons with higher load capacity
- Uptick at the ports of Rio Grande do Sul
- Paris, France: service resumption and end
- Sievert Logistik wins contract from steel plant
- Another UAV option for the middle mile
- Heavy duty carrier buys new vehicles
- New sales manager for Hyundai material handling
- World container flows on hold
- "Curiosity of the Day"
- Dematic installs autostore facility in Switzerland
- Alsace Rotterdam Express augments services
- Laurels for the Porto do Açu
- Jose Costas elected aircraft sales VP
- Back to the future in Alaska
|JUNE 25, 2020|
- Port of Los Angeles needs to refocus as lost trade war volumes 'won't return'
- Emirates pushes on with passenger-freighter strategy - but is it viable?
- More transatlantic blankings are unveiled as a new trade war threatens
- IMO uses seafarer celebration to renew call to help stranded crews
- Cost pressure rises for parcel carriers alongside booming consumer demand
- China virus-safety demand the latest hurdle to a trade deal
- DB Schenker loses Asia Pacific CEO Ditlev Blicher to Maersk
- Against the odds: Cargo to the rescue! But not for long...
- Supply chain radar: Maersk leads or lags Cosco?
|JUNE 25, 2020|
- HASC releases Chairman's summary of FY 2021 Defense Authorization Act
Representative Adam Smith (D-Wash.), Chairman of the House Armed Services Committee, today released a summary of his version of the National Defense Authorization Act for Fiscal Year 2021. The House Armed Services
- Cable layer operator selects Wärtsilä solutions for fleet upgrade
Dubai-based cable lay ship operator E-Marine is upgrading its fleet to achieve greater efficiencies. As part of this program, it has contracted Wärtsilä to provide a comprehensive scope of solutions on a
- U.K. marks somber Day of the Seafarer by announcing international summit on crew crisis
Today is the International Day of the Seafarer, but this year it is not being taken as an opportunity for celebration as thousands of seafarers remain trapped on their ships by COVID-19
- Seabourn names Josh Leibowitz president
Carnival Corporation's Seabourn ultra luxury cruise brand has named Josh Leibowitz as president, effective immediately. Reporting to Stein Kruse, Group CEO of Holland America Group and Carnival U.K., Leibowitz's responsibilities will include
- Seaspan completes successful remote DoC audit with DNV GL
In another example of how remote techniques are helping the maritime industry cope with COVID-19 related restrictions, Seaspan Corporation, the world's largest container tonnage provider, has become the latest vessel owner to
- HawkEye 360 just made it harder for shipping's bad actors to go dark
Herndon, Va., headquartered HawkEye 360 Inc. has boosted its vessel monitoring capabilities, making it harder for vessels engaged in dubious activities to go dark by turning off AIS transmissions. HawkEye 360 Inc.
- Major players launch zero carbon shipping research center
Backed by a start-up donation worth more than $60 million from the A.P. Møller Foundation, a group of leading industry players is taking the next step towards lowering shipping emissions by launching
|JUNE 25, 2020|
- Russian aframax tanker 'goes dark' to load Venezuela crude
A total of 28 tankers are laden with Venezuelan crude and either in floating storage or are sailing have yet...
- Tanker sentiment sours as producers slash exports and inventories build
Earnings fall below operating costs for smaller tankers, as Lloyd's List Intelligence data reveals Middle East production cuts have removed...
- Shipping's short term pain won't stifle decarbonisation
The Danish Ship Finance research chief warns of tough times ahead as the market is threatened by a perfect storm
- Day of the Seafarer: This year, do something
What is needed is a concrete plan to repatriate those who have already exceeded the 11-month limit on tours of...
- Maersk shakes up regional management
New Asia Pacific head comes with a strong background in logistics
- Lloyd's Register launches Covid-19 seafarer health survey
'This industry-wide survey will help us to understand what is being done, how mental health and wellbeing have been affected...
- No container volume rebound until next year at earliest
A recovery in demand will be 'hard and fast' but will not come before consumer confidence returns
- Dry bulk rally could lose steam
Shipping's decarbonisation targets were also discussed, but more immediately, the crewing crisis drew comments on the Day of the Seafarer
- Day of the Seafarer prompts industry calls for action
It doesn't feel like a celebration, says Nautilus head Mark Dickinson
- Female officer recounts harassment at sea
One particular captain I served with really disliked me, he would call me all sorts of names on the radio...
- China adds plants to fuel LPG recovery
Dorian expects 20 planned projects to add around 11.9m tonnes per annum of LPG demand through 2023
- Fuel-saving technologies struggle to excite shipping
Last year's trial of rotor sails on a Maersk Tankers product carrier was a success. The lack of excitement that...
- Crew kidnapped from vessel off Benin
The attack is the seventh off Cotonou this year, according to Dryad Global
- LNG floating storage set to reach record high
A build-up in LNG floating storage would dampen the prospect of significantly improved prices for the commodity in the coming...
- Daily Briefing
Free to read: Hin Leong restructuring only possible with owners' assets | Japanese builders set out pathways to zero-emission ships...
- UK takes lead in push for swifter action on crew changes
Seafarers are among the 'hidden casualties' of the coronavirus crisis, says UK government. 'We owe it to them and their...
- Port of Charleston sees throughput decline into 2021
For the coming year, the State Port Authority projections see 1.24m teu moving through Charleston, down 7% from the 1.33m...
- Maersk heads decarbonisation drive with new research centre
Seven maritime groups will set up a research centre in Copenhagen backed by a $60m donation from the AP Moller...
- Iranian seafarers face US sanctions for Venezuela trade
US Treasury Secretary Steven Mnuchin says Iran's support for the 'authoritarian and corrupt regime in Venezuela' is unacceptable
- Shipping's decarbonisation efforts assessed as 'critically insufficient'
Shipping has to achieve zero emissions by 2060 to be in line with the Paris Agreement goals, Climate Action Tracker...
|JUNE 25, 2020|
- US importers from Asia rush to NVOs amid tight capacity
- NC Port's Cozza to leave top spot at end of 2020
- COVID-19 resets contract norms for project logistics
- Higher ocean rates here to stay: DHL Global Forwarding
- Union Pacific equipment shortage sends spot rates soaring: IMCs
- A.P. Møller Foundation funds new zero-carbon fuel research center
|JUNE 25, 2020|
- Hornbeck bankruptcy plan gets go-ahead
The company's plan sees it discharge much of its debt, swap the rest for equity
- S&P foresees long-term weak demand for cruising
Demand for Carnival Corp's cruise offerings should remain low as long as its 104 ships stay moored, the credit rating agency says
- Shipbreakers expect weak demolition rates in the coming quarters
Low steel demand, continued yard disruptions and a large number of scrapping candidates are all pressuring recycle rates
- YPF declares Covid-19 force majeure on Exmar's Tango FLNG unit
Belgian owner declares notice from Argentinian charterer 'unlawful'
- ASBA's Miami cargo conference becomes latest victim of pandemic
Brokers and agents group switching to webinar, sets sights on return in 2021
- Capesize prosperity may be short-term, analysts say
The pandemic may disrupt Brazil's iron-ore supply, Alibra Shipping's Rebecca Galanopoulos says
- Qatar's Powerglobe seeks LNG carrier for 10-year Croatia charter
Trader wants vessel to ship cargoes into its capacity at the upcoming Croatia LNG terminal
- DHT loses 12-month VLCC charter but confirms healthy spot earnings
With healthy cash flows, New York-listed VLCC owner are prepaying loan installments for 2021
- Dutch report into MSC Zoe box losses warns owners and masters
Large beamed containerships at risk losing containers in certain conditions, Dutch Safety Board says
- Natasa Pilides: 'We're solving the puzzle of stranded crews'
Cyprus took a lead in helping repatriate seafarers - and shipping deputy minister Natasa Pilides reveals how
- Tanker storage unwinding already causing port call spikes
Clarksons Platou Securities calculates around 140 crude and product ships have been released back into the market since April
- West of England says tradition weighing down law firms in claims arena
Rivals are failing to evolve, P&I club says after announcement of venture with C Solutions
- Stolt-Nielsen tipped for loss but future 'seems bright'
Norne Securities expects weak second quarter but says even reduced chemical tanker demand is outpacing fleet expansion
- Tanking VLGC market begins to split on east-west lines
Asia remains in the doldrums but analysts see signs of life in the US
- International Day of the Seafarer 'all wrong this year', say crew members
Seafarers say that - now more than ever - the IMO-organised day needs to translate into tangible change
- Ankers set golden anniversary bench mark - 19 years early
- Uni-Tankers enjoys best year results since 2016
Danish operator of small tankers benefits from cost-cutting initiatives and eyes fleet expansion this year
- FERC takes aim at New Fortress Energy's Puerto Rico LNG terminal
Wes Edens' company has questions to answer from US regulators over its third quick start-up import facility
- Veteran tanker broker Gerhard Dahl dies at 80
- Don't wait for the low-carbon future to come to you
The shipping industry needs to change its perception of how and where to find future fuels required for decarbonisation
- Africa Mercy departure was devastating, but this big onboard 'family' pulled together
Captain says hospital ship will return ready for restrictions
- Mercy Ships medics and crew: the epitome of key workers
Hospital ship volunteers embody this year's IMO Day of the Seafarer theme
- Hull fouling estimated to cost owners extra $6bn on bunkers
Research from I-Tech suggest problem is responsible for at least 110m tonnes of excess carbon emissions
- Shipping names hammered in broad US sell-off on virus hot spots
Bulker listings fare worse than tankers despite divergence in hire rates
- INS aims for 10% female staff target in gender balance drive
UK shipowner says it is already ahead of the average, but wants to do more for diversity
- Pacific Carriers seeks charter rate cut from Japanese shipowners
PCL proposing that shipowners agree to either cut rates to current market levels, or terminate charter contracts and take back their ships
- Alpha Bulker and Hsin Chien Marine sell capes as deals gather pace
Big bulkers increasingly come into play as number of vessels being circulated for sale climbs to highest this year
- Are seafarers in crew change crisis reaping what shipping has sown?
Industry's lack of political clout is a sad reflection of a past spent avoiding disclosure and taxation that has left it unseen and unheard now
- Maersk continues zero-carbon push with new lab named after legendary boss
The Maersk Mc-Kinney Moller centre will carry out research into new fuel types and technologies with Cargill and others
- Polarcus ship receives another stay of execution from Sovcomflot
Middle East owner's seismic survey vessel being kept on charter by Russian owner into third quarter at least
- AP Moller Maersk picks logistics man to head Asia region
Danish behemoth raids DB Schenker for new regional chief as current incumbent heads for Latin America
- Hafnia tanker targeted by 'suspicious craft' in Gulf of Guinea
Singapore-flagged ship took evasive manoeuvres and maintained high speed to shake off suspect vessel
|JUNE 25, 2020|
- Maritime industry's need for digital transformation surfaces
EU e-commerce regulation will bring "one of the most impactful changes."
- CBP makes it easier for shippers to obtain manifest data confidentiality
For years, exporters and importers have been frustrated by the former U.S. Customs and Border Protection process to withhold their names and addresses in manifest...
|JUNE 25, 2020|
- Iran building pipeline to avoid disputed oil waterway
Iran on June 25 officially started building a 1,000-km (620-mile) pipeline to avoid the disputed Strait of Hormuz for its future oil exports, state television reported.
- Crude climbs as strong US manufacturing data soothes demand concerns
Crude prices, which had trended lower overnight, turned positive in early US trading June 25 on the heels of a stronger-than-expected US manufacturing data.
- Sonatrach raises July Saharan Blend crude OSP 45 cents/b from June
Algeria's Sonatrach has raised its official selling price for Saharan Blend crude for July by 45 cents/b from June.
- Mexico liquefaction project sanctioning timing uncertain amid permit slowdown
Sempra Energy has stopped providing a target for when it expects to make a final investment decision on whether to add LNG export capabilities at the site of its Energia Costa Azul regasification terminal in Mexico.
- Mexico's Pemex boosts refinery output in May despite anemic demand
Mexico's state-owned Pemex lifted refinery operations in May, although refined product sales fell as the coronavirus pandemic reduced demand, company data showed June 24.
- Crude climbs on strengthened demand case, but virus concerns linger
Oil settled higher June 25 amid improved demand outlooks following stronger-than-expected US economic data.
- EU hydrogen aims could need Eur300 billion spend by 2030: EC draft
The EU may need to invest more than Eur300 billion ($337 billion) by 2030 to develop and deploy large-scale renewable and low-carbon hydrogen, according to an unofficial draft of the European Commission's upcoming EU hydrogen strategy.
- US refinery capacity tops 20 million b/d in 2020 as refiners slow, defer further expansion plans
The US Energy Information Administration's annual report on American refineries showed capacity topped 20 million b/d in 2020, as refiners increased their ability to run more price-advantaged domestic crude to make greater volumes of cleaner distillate and higher octane gasoline.
- Crude slides 5% as demand risks rise
Crude futures settled sharply lower June 24 amid weakened demand outlooks and rising US crude stocks.
- Global gas prices teeter above record lows on virus optimism, weather
Global gas prices in late June are up from record lows amid a recent but modest uptick in demand, fueled by easing virus-related lockdowns and rising summer temperatures.
- Sinopec's Shanghai refinery LSFO production hits record high in June
The refinery in March came out with a 100-day plan to maximize its untapped potential of LSFO production.
- FUJAIRAH DATA: Oil product stockpiles climb for first time in three weeks
Total stockpiles were up 0.3% on the week to 30.218 million barrels as of June 22.
- Shanghai low sulfur bunker prices stir interest as premium to Singapore shrinks to near $3/mt
The slim premium means Chinese ports could potentially attract more business from ships that usually refuel in Singapore.
- Pakistan to resume HSFO imports after 1 year, ahead of peak summer demand
"We have been buying fuel oil from local refineries, but have not imported for a while," a PSO source said.
- HSFO availability in Rotterdam wavers, May Russian fuel oil output down
There were just five 3.5%S FOB Rotterdam barge offers in the June 22 Platts Market on Close process.