|SEPTEMBER 27, 2020|
- 400,000 seafarers stuck at sea as crew change crisis deepens
- Baltic freight index jumps more than two-month high
- CMA CGM FAL LINES implementing Port Congestion Surcharge at Felixstowe from Oct. 1
- Idle tonnage down as charter rates surge, says report
- Retail inventory levels seen potentially driving Transpacific demand
- Tanker rates settle into lower levels in August due to sluggish demand: OPEC
- Pending Drawback claims due to PFMS account not validated
- STANDING ORDER NO. 33/2020 - CFS Export
- JNPT striving towards a 'Swachh Bharat'
- Major Port Authorities Bill 2020 will facilitate the Major Ports to compete with world class ports: Mandaviya
- VOC Port handles longest windmill blades
- Freight loading on the upswing in South Central Railway in Sept.
- Sea & road transportation segment witnessing continuing recovery: India Ratings
- India's sovereign rating retained at BBB- with stable outlook: S&P Global Ratings
- Allcargo Logistics offers a ray of hope amid the pandemic
- CBDT launches faceless appeals
- Mazagon Dock Shipbuilders' disinvestment IPO opens Tuesday
|SEPTEMBER 28, 2020|
- Daily trains from China to Hamburg
- Turkish Cargo integrating its virtual workforce
- Alpensped launches '50/50 climate initiative'
- Large order for Dematic in Denmark
- Hellmann appoints new automotive logistics head
- Guaranteeing long term Asia-Europe capacities
- New times ahead, says Drewry
- Hungarians investing in e-hybrid locomotive
- ESR leases Tokyo building to Nakano Shokai
- Pharma.Aero inducts two new members
- Shipping on the Danube remains under pressure
- Emirates' permanent humanitarian commitment
- Breaking records on Indian routes
- Czech automotive trains rerouted
- "Curiosity of the Day"
- Night Star Express welcomes new customer Baywa
- Schwarzmüller restructuring management team
- What about the maritime industry in 2050?
|SEPTEMBER 25, 2020|
- Transpacific rates bull run takes a breath as Golden Week holiday looms
- Agreement at last between DP World and Maritime Union of Australia?
- Geodis secures China-Europe air freight capacity amid Q4 availability fears
- Another new China-Europe multimodal sea-rail service launches next month
- Covid cargo surge brings Air New Zealand respite in one of its worst years
- New funding allows food specialist Silo to aim higher and expand
- Former Agilty chief Essa al-Saleh is new chairman of Volta Trucks
- Maersk calls for action as stranded seafarer roll call hits 400,000
- Hellmann takes on Panalpina automotive specialist Monika Thielemann-Hald
- Supply chain radar: Peak season - 'If you ain't ready now, you will never be'
|SEPTEMBER 25, 2020|
- OMSA-NOIA webinar series underscores collaborative outlook for U.S. offshore wind
The National Ocean Industries Association (NOIA) and the Offshore Marine Service Association (OMSA) yesterday concluded a three-day webinar series that brought together offshore energy leaders and elected officials to discuss the outlook
- IMO: Crew change crisis is deepening
Some 400,000 seafarers from across the globe are now stranded on ships, continuing to work but unable to be relieved, in a deepening crew change crisis which threatens trade and maritime safety,
- VIDEO: OceanX unveils its new exploration vessel
Non-profit ocean exploration and media production company OceanX has taken the wraps of its new exploration vessel, the R/V OceanXplorer. Designed and built to be the most advanced combined marine research and
- Swift response by NDT team enables ship to keep on schedule after emergency welds
When a shipping company needed fast overnight action to ensure the integrity of new welds carried out on a ship moored overnight in the U.K.'s Manchester Ship Canal, non-destructive testing (NDT) specialist
- Knud E. Hansen unveils design for icebreaking expedition ship
Danish naval architectural consultancy Knud E. Hansen has developed the design for an Icebreaking expedition cruise vessel with a high degree of operational flexibility and a wide range of sophisticated design features.
- Inmarsat extends Fleet LTE coverage to Gulf of Mexico
Inmarsat is extending its "three-in-one" Fleet LTE coverage for offshore service vessels to the Gulf of Mexico, following successful trials with ship management company V.Ships Offshore in the North Sea area. The
- Great Lakes Dredge books $105 million Jacksonville deepening contract
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has been awarded a $105 million U.S. Army Corps of Engineers' contract on the Jacksonville Harbor Construction Dredging, 47-Foot Contract C Cut-42 Project. Great Lakes
- Harvey Gulf to install 10 more battery systems
New Orleans headquartered Harvey Gulf International Marine says that it will continue the transformation of its fleet ahead of other U.S. flag operators by committing to install 10 additional battery systems on
|SEPTEMBER 25, 2020|
- Clock ticking to secure shipping's global carbon solution
Trafigura's new proposal to impose up to a $300 levy per tonne of CO2-equivalent on shipping fuel to boost the...
- Freight futures suggest muted fourth-quarter tanker rally
Forward freight agreements are not only an indicator of current sentiment but used by oil companies, traders and shipowners to...
- Marine insurance offers security in a changing world
Insurance is not an optional purchase for shipowners, because adequate cover is a precondition of being able to trade at...
- China tightens crew controls as port infections rise
The additional rules come after new infections were found at two Chinese ports recently. Local shipmanagement sources say the cases...
- The Lloyd's List Podcast: Two weeks of IUMI in under 15 minutes
The International Union of Marine Insurance offers an essential snapshot of maritime risk every year via its globe-trotting annual get...
- Carbon capture could cut decarbonisation costs by 50%, says study
Carbon capture and storage, used in industries such as cement production or energy, is a new concept in the shipping...
- Scorpio sells tankers to raise cash
Product tanker operator also looking to raise cash in bond issue
- The week in charts: Floating storage unwinds further; tanker scrappage low
The volume of crude and clean products in floating storage around the world has dipped in the past week, according...
- Congestion surcharge introduced at Felixstowe as costs rise
CMA CGM will be implementing a surcharge of $150 per teu for imports and exports between Asia and Felixstowe from...
- Trafigura proposes new levy on marine fuels to cut emissions
The commodity trader and major charterer has suggested a levy of between $250 and $300 per tonne of CO2-equivalent on shipping...
- DP World close to deal with union over Sydney terminal dispute
DP World Australia said the MUA's decision last week to halt stoppages and go-slows had allowed productive negotiations regarding working...
- Container spot freight rates show signs of easing
Additional capacity coming into operation has provided a breather for shippers but spot rates remain near all-time highs
- Daily Briefing
Free to read: Crunch time for shipping's green finance credentials | Banks warn against shutting out shipping from green financing...
- New Diamond owners to pay compensation to Sri Lanka
Sri Lanka's Attorney General's Department has made a request to the owners for another 100m Rupees ($540,000) as compensation to...
- Nakilat lines up four VLGCs for sale
The four South Korean-built tankers are worth a total of $174.35m, according to online data provider VesselsValue. They are, however...
- Zhonggu Logistics will buy six vessels after successful IPO
Chairman Lu Zongjun says his company is set to benefit from the new strategic axis of China's economic development, a...
- Ammonia technology 'ready in five years', says MISC chief
MISC chief qualifies, however, that the shipping line supports calls for a zero-emissions transition to a multi-fuel future, in which...
- Japanese shipbuilding tie-up postponed by regulatory hurdles
Deal involves Imabari acquiring a stake in JMU and then the two firms establishing a joint venture named Nihon Shipyard...
- Oil spotted near stricken Yemen tanker
Saudi Arabia warned the UN Security Council on Wednesday of an 'oil spot' about 50 km west of Safer, the...
- US oil industry slowly recovering, Dallas Fed says
The results are part of data collected from 166 energy firms by the US Federal Reserve Bank of Dallas during...
|SEPTEMBER 25, 2020|
- US importers from Asia turn to short-term contracts to secure space
- COVID-19, tighter regulations drag on flagging European ro-ro market
- Elevated Asia import volumes could last beyond October
- DP World labor deal raises hopes for Australia port labor peace
- Convoy's RFP avoidance product stirs industry scrutiny
- Trans-Atlantic container volumes rebounding
|SEPTEMBER 25, 2020|
- Analysts not yet sounding alarm on investigation into Hygo chief executive
- Capesizes enjoy China's growing appetite for iron ore
Rates still remain flat, however, despite upward momentum, according to broker
- Building bridges: UAE and Israel continue to forge ties with trade effort
Deal is DP World's second in Israel in as many weeks as trade links open
- Icelandic prosecutors launch investigation after Eimskip ships scrapped in India
The action follows an investigative documentary broadcast in Iceland, which shows the vessels in Alang
- China tightens crew health checks after four Cosco seafarers test positive for Covid-19
New policy designed to limit the spread of virus could worsen port congestion
- NYK and JMU agree 'actual sea conditions' contract for newbuilds
New agreement will see calm sea provisions ditched for more realistic criteria
- Market watches Hygo Energy amid expectations IPO could be pulled
Golar LNG remains mum on talk that it is off from its $558m initial public offering
- Arne Blystad's OHT seeks expansion cash with Oslo listing
Heavy lift and wind vessel company wants to raise its investor profile as it seeks to develop 'asset-heavy' business
- U-Ming wins first charter contract in Anglo American's capesize bulker spree
Anglo American poised to award more charter contracts of LNG-fuelled newbuildings at a later stage
- Russian sovereign wealth fund pledges to take part in Sovcomflot IPO
Russian Direct Investment Fund (RDIF) is planning to snap up shares in tanker and LNG carrier owner
- Nations must act as one to address ongoing crew change crisis
GAC Group's Neil Godfrey argues nations that acted early and effectively to address the crew change crisis now offer a blueprint for industry-wide response
- Samos Steamship linked to sale of oldest vessel
Older VLOC fetches price near demolition levels, brokers say
- EU competition regulators discussing HHI mega-merger with DSME
EU is concerned about the effect of the proposed merger on the LNG carrier market
- Super scribes: Global Maritime Forum reveals sustainability essay winners
Shipping in good hands judging by the more than 100 entries received from young professionals in Future Maritime Leaders competition
- Trafigura and Gunvor drop six-month charters of VLCC newbuildings
Traders become reluctant in firming up fixtures due to weak rates, limited arbitrage and storage opportunities
- Trafigura calls for IMO carbon intensity levy on bunkers
Trader says drastic action is needed through plan that will charge owners for carbon content of bunkers.
- Former Bourbon PSVs heading to Nigeria after ICBC auction
Two ships sold by bank in China, but four will go under the hammer again
- Scorpio Tankers adds $82m in liquidity with leasing and loan deals
US-listed shipowner sells and charters back eight tankers, while adding financing for scrubber fittings
- POSH wins Petrobras work for accommodation vessels
Offshore player beats off stiff competition to secure jobs with Brazilian oil major
- Hapag-Lloyd reignites hunt for ultra-large boxship newbuildings
German liner company is back with yards asking for quotes that include LNG-fuelled vessels
- LNG bunker tank lifted into Hapag-Lloyd's first boxship retrofit
Key part of pioneering job completed in China with ship due to return to trading in new year
- PGS agrees $1.2bn debt deal but some lenders hold out
Legal action remains a possibility for Norwegian owner despite majority of banks pushing back payments and maturities.
- Dan Gold back for more as he builds stake in Okeanis Eco Tankers
QVT ploughs another $1.4m into Greek owner's stock as he strengthens position as second-biggest investor
- DP World reaches contract breakthrough with Australian union
Long-running dispute coming to a close as union claims acceptable workplace agreements will be ready by end of September
- China's Fuzhou Xinjiahong exits shipowning with bulker sale
One long-running player in a city of small independent shipowners has sold its last ship and moved on to other investments
|SEPTEMBER 25, 2020|
- How IMO 2020 turned into the Y2K of ocean shipping
Marine fuel prices are down 30% year-on-year despite the IMO 2020 regulation.
- Schiphol airport organizes cargo community to expedite COVID vaccine distribution
From trucking, security and data exchange to customs and civil aviation permissions, the Amsterdam airport is covering all the bases for rushing out approved coronavirus...
- Port of LA's Seroka calls for US focus on exports
Executive Director Gene Seroka shines spotlight on trade gap on "Squawk Box Asia."
- FreightWaves Flashback 1963: Rail piggyback captures 9.3% of citrus movement in two years
1963: Trucks have moved into the lead as the primary mode of transportation for Florida's half billion dollar citrus and vegetable crops.
- Ocean shipping giant CMA CGM spreads its wings to air cargo
French ocean carrier CMA CGM is diversifying into a multi-modal transport and logistics company, dipping its toe into the air cargo market after buying a...
|SEPTEMBER 25, 2020|
- Trafigura proposes carbon levy for shipping to hasten decarbonization
Trafigura, the independent oil trader and one of the world's largest ship charterers, has proposed that the International Maritime Organization introduce a carbon levy of $250-$300/mt of CO2 equivalent on shipping fuels, to make zero- and low-carbon fuels more economically viable and more competitive.
- European naphtha to enter Oct strong on run cuts, petchem producer support
The European naphtha market firmed entering October pricing amid supportive demand from the petrochemicals industry and better market share as a feedstock against LPG.
- Chinese oil companies plan to export 1.43 mil mt gasoline, 1.76 mil mt gasoil in Oct
Chinese oil companies plan to keep their October gasoline exports at 1.428 million mt, almost flat from September, while reducing gasoil exports by 5.9% month on month to 1.76 million mt, industry sources with knowledge of the matter said on Sept. 24.
- S Korean Busan Port's Aug container volume falls 6% on weak demand
Container throughput at South Korea's largest container port -- Busan Port -- fell 6% year on year to 1.72 million twenty-foot-equivalent unit, or TEU, in August as global demand remains under pressure due to the COVID-19 pandemic, data published by the country's Ministry of Ocean and Fisheries showed.
- OIL FUTURES: Crude oil stable amid US stimulus hopes, COVID-19 concerns
0648 GMT: Crude oil futures were stable in mid-afternoon on Sept. 25, as the bullish news that US Congress was working on a $2.4 trillion deal that could be agreed in the week starting Sept. 27 was offset by COVID-19 concerns.
- UK to boost renewable fuel incentives with higher buy-out price
The UK will increase the renewable transport fuels obligation (RTFO) buy-out price to GBP0.50/liter (64 cents/liter) from GBP0.30/liter, effective Jan. 1, to incentivize the supply of renewable fuels and prevent the loss of greenhouse gas savings.
- Eight newbuild VLCCs taken on subjects with clean product floating storage options
At least eight newbuild VLCCs have been placed on subjects on short-term time charter of up to six months with options to store oil products by global trading companies and oil majors, several shipping industry executives in Singapore, Japan and South Korea said Sept. 25.
- OIL FUTURES: NYMEX RBOB, ULSD climb as market eyes US stimulus bill
Refined product futures settled higher Sept. 25 as demand outlooks improved amid US stimulus optimism, but resurgent coronavirus cases in Europe weighed on crude prices.