|JUNE 29, 2020|
- ONE to offer more direct sailings from China to Southeast Asia
- HMM's fleet of box ships increases, other top ocean carriers cut capacity
- Nansha port bucks trend with more ship calls and boom in intra-Asia services
- Yangzijiang Shipbuilding clinches new orders worth US$102m
- MOL leads consortium to test unmanned vessels this year
- USDA confirms big US soybean sales to China as buying flurry continues
- Qantas launches US$1.3billion placement and axes 6,000 jobs
- YTO inks agreement for planned huge Jiaxing air cargo hub
- Peter Penseel slated to run CEVA Logistics air freight by July
|JUNE 28, 2020|
- Abrao Group achieves first live Blockchain e-BL transaction
- CargoGulf launches Arab Gulf Indian Sub Continent liner service
- Maersk Mc-Kinney Møller research center aims at leading the way towards decarbonising shipping
- New Covid-19 crew change clause launched
- DGTR initiates anti-dumping investigation on imports of aluminium foil from 4 countries
- Launch of new DGFT platform & digital delivery of IEC related services
- Sugar exports seen hitting record high
- Angré Port handles 1,38,000 tonnes of cargo amid lockdown
- HDC at Syama Prasad Mookerjee Port handles significantly high parcel size
- Railways carries 2,474 tonnes of turmeric from Nizamabad in Telangana to Benapole in Bangladesh
- Amendments to Foreign Trade Policy 2015-2020 - Amendment in Para 4.44 of the Policy
- BCBA & other trade bodies raise concerns regarding clearance of import consignments coming from China
- Key global trade agencies launch tool to help businesses trade better
- US GDP shrinks by 5 pc in Q1, worse to follow
|JUNE 29, 2020|
- Fresh blood for Haropa Ports
- New times for the Port of Melbourne
- SAL launches Dammam pharma operations
- Filling the truck with just a few clicks
- LIS picks sales manager
- Investing in iLogistics Center Dunajska Streda
- Cargo Gulf links Middle East with Asian markets
- US forwarder maximises intermodal transport
- Changes at the helm of GLS
- DHL launches software platform with Blue Yonder
- Converging in the Midlands
- New trucks bring significant fuel savings
- "War like" above, police protection below
- "Curiosity of the Day"
- Oldendorff joins Australian association
- General manager for Phillips-Europe
- Dachser transports locomotives to Peru
|JUNE 26, 2020|
- China-Europe rail services put on steam, but exporting from UK can be costly
- Container spot rates hold firm, thanks to carriers' smart capacity management
- China e-commerce boom fuels flurry of new charter flights and freighter routes
- Parcel locker and low-cost network operators eye last-mile opportunities
- Lufthansa Cargo outsources Frankfurt handling as shareholders agree to bailout
- Amazon on the hunt? Macy's or JC Penney the target?
- Market Insight: As DSV loses APAC sales VP, only one ex-Panalpina exec is left to bet on now
|JUNE 26, 2020|
- ST Engineering introduces innovative SOV design
An offshore wind Service Operation Vessel (SOV) design developed by ST Engineering will be available from both its Singapore yards and its Halter Marine shipyard in Pascagoula, Miss. The SOV is based
- NY Waterway steps up commuter services to Manhattan
As more New York City businesses open up, ferry operator NY Waterway is ramping up ferry service between New Jersey and Manhattan, starting Monday, June 29. In a letter to customers, founder
- COVID-19: U.S.-flag containership held off Virginia Beach
Vessel tracking services were this morning showing the U.S.-flag containership Maersk Idaho as still at anchor some 8 miles off Virginia Beach, Va., as its owner Maersk Line Limited worked on a
- Closures to Illinois Waterway Locks remain set for July 1
Beginning July 1, the Rock Island Engineer District is temporarily closing the Dresden Island, Marseilles, Starved Rock, Peoria and LaGrange locks on the Illinois Waterway to facilitate needed repairs and maintenance. The
- President Trump visits Fincantieri Marinette Marine
President Donald J. Trump visited Fincantieri Marinette Marine yesterday, following the shipyard's recent award of a $795,116,483 Navy contract to design and produce the next generation small surface combatant, the Guided Missile
- VIDEO: Belfast consortium gets grant to help build zero emissions ferries
A Belfast, Northern Ireland, Maritime Consortium has won a £33 million (about $41 million) U.K. Government innovation grant to develop zero emissions ferries. With further investment from consortium partners, the total project
|JUNE 26, 2020|
- The Lloyd's List Podcast: Emanuele Grimaldi on waiting for the world to restart
Italian shipowner Emanuele Grimaldi is our return guest on the podcast this week. He talks candidly about waiting for the...
- Grimaldi calls for tougher fire safety cargo safeguards
Emanuele Grimaldi has long called for changes to cargo rules amid fires from reefer units, car batteries and misdeclared cargo
- Shipping's commitment to seafarer welfare challenged
Research reveals that startups focusing on machinery performance attract four times more investment than startups looking at human factors
- Globus prices new fundraiser
Dry bulk carrier owner's share price plunges after offering grosses $12.4m
- Pandemic accelerates change in box shipping
The pandemic will not change the course of container shipping, but it will help it get there sooner
- Hin Leong: Banks in crossfire as PwC plays hardball
PwC's unusually candid revelations of the extent of Hin Leong's wrongdoing have prompted questions over how far the probe is...
- MSC Zoe report raises risks for containerships
Dutch Safety Board calls for better risk assessment for boxships transiting sensitive areas
- Exmar receives force majeure notice
Exmar says that it considers the notice issued by YPF to be unlawful
- The week in charts: Twelve-year highs for dry FFA volumes; tanker rates tumble
Freight derivative volumes exceeded 65,000 lots last week, the highest level seen since the height of the financial crisis in...
- Seanergy eyes 'positive' capesize market
Nasdsaq-listed owner plots early reverse stock split to cure breach of minimum share price rules
- Singapore to invest in dozens of maritime startups
The partners will provide hands-on assistance in helping early-stage startups to fast-track commercialisation, with mentorship and connection to potential clients...
- Class association elects Fujiwara as chairman
Fujiwara will succeed Arun Sharma on July 1 for one year
- Ocean Technologies acquires language-testing unit in deal with V.Group
As part of the agreement, V.Group-owned Marlins, the English language assessment product, will transfer across to Ocean Technologies' portfolio of...
- Fincantieri unit starts construction of US bulk carrier
Fincantieri Marinette Marine has won an $800m contract to build the first-in-class guided missile frigate for the US Navy, with...
- Daily Briefing
Free to read: Tanker sentiment sours | No box rebound until next year | Dry bulk rally in danger of...
- ONE boosts direct China calls to Southeast Asia
The direct sailings will improve transit times and further strengthen ONE's already robust portfolio in Asia
- Chinese steel demand supports capesize spot rates
The Baltic weighted time charter average has rocketed up by more than 700% from $3,648 on June 1 to $29,395...
|JUNE 26, 2020|
- Retail 'winners' have clear eye on supply chain woes: survey
- New warehousing blooming across Savannah
- Consolidation accelerating landside cooperation among ocean carriers
- COVID-19 forces closer look at project logistics contracting risk
- COVID-19 slows rollout for new KOGA Shipping
|JUNE 26, 2020|
- Carnival Corp takes out another $2.8bn in loans
- Top Ships buys private Pistiolis suezmax newbuildings
- Globus Maritime to raise $12m by selling more shares
- Tanker owner DHT could sell shares, BW could sell its stake
- Eastern Pacific sends last 1990s-built bulker to 'green' demolition yard
- Rare capesize fixture shows owners hedging their bets for the year ahead
- Royal Caribbean International extends fleet lay-up to mid-September
- Clarksons says dry bulk trade plunge will be bigger than last crash
- Tsavliris salvages Maran baby-cape in the Gulf of Aden
- Iran renews efforts to reroute oil amid tension in Strait of Hormuz
- Idan Ofer drawn into UK housing minister controversy over political donation
- Esvagt struggling to find crew as wind sector tipped to take off
- Norway's Bryggen Shipping swings back into profit on product tanker surge
- BULL bullish as 13 tankers added in time for record-high markets
- Shipowners, agents and insurers: ignore crew fatigue at your peril
- Vanbreda takes 100% of Belgian marine insurance broker Proteus
- Covid-19 breaks out on Greek tanker in Antwerp and Maersk boxship in US
- Fearnley upgrades 'rock solid' BW LPG despite VLGC rates reverse
- Trafigura seals $4bn financing to boost US crude exports
- New Bimco clause gives owners the right to deviate for crew changes
- Clarksons broker banned from working in Singapore over virus breach
- Man hides in bulker vent in bid to evade Australian police
|JUNE 26, 2020|
- A lost decade for shipping stocks
Long-term institutional investors still steer clear of shipping shares - with good reason.
- Lufthansa secures German rescue package
Lufthansa is too big to fail in Germany. Now it has a bailout.
- FreightWaves Flashback 1963: Florida berries to Germany
Shipments of 3,000 to 4,000 pounds of Florida strawberries make their way to Germany via Boeing 707 jets.
- United Airlines to reintroduce China service in July
United Airlines and Delta are dipping their toes back into the China market. But with COVID-19 and political tensions rising it won't be a surprise...
- Bay of Pigs invasion fleet was no match for Castro
The Cuban invasion force was to land under the cover of night to begin a counter-revolution against Cuba's communist government, but the operation unraveled in...
- DP World Southampton welcomes its largest vessel ever
The new class of container ships is part of HMM's quest to achieve net-zero carbon emissions by 2050.
- Cargo clogs US airports as freighters proliferate
Big cargo planes are dumping cargo faster than O'Hare, LAX and other airports can process it. That could mean a longer wait for your new...
|JUNE 26, 2020|
- Japan's ENEOS settles Apr-Jun fuel oil prices 46-48% lower on oil price drop
Japan's largest refiner ENEOS, previously known as JXTG Nippon Oil & Energy, has settled with domestic industrial customers its April-June quarter fuel oil prices around 46-48% lower than the previous quarter due mainly to lower oil prices, coupled with a stronger yen against the US dollar.
- Singapore jet fuel, gasoil stocks stay close to 14 mil-barrel mark as imports surge
Singapore's commercial stockpile of jet fuel and gasoil were largely steady in the week ended June 24, as a surge in India-origin gasoil flowing into Singapore worked to offset an export-driven drawdown in inventories, Enterprise Singapore data released June 25 showed.
- NWE 0.1% gasoil demand set to ease after recent buying spree: sources
Sources active in the Northwest European spot trade of 0.1% gasoil said there is little upside for buying interest looking out to the rest of the summer, with storage tanks already close to being full after prices dropped precipitously during the coronavirus pandemic and ahead of a tax increase for heating oil in Germany, set to take effect in 2021.
- Distillates weakening against light-ends on poor demand and margins
Low distillate demand amid the restart of the European refining complex has strengthened light end outright prices, causing a wide disparity between the commodities, as refiners seek to maximize profits following the coronavirus outbreak.
- Fujairah refiners mull switch from LSFO to light distillates as profitability plunges - traders
Key low sulfur fuel oil refineries in Fujairah belonging to Uniper and Vitol may switch to producing more profitable light distillates or mothball their refineries altogether if demand for LSFO remains depressed and prices unprofitable, traders in Fujairah said week ending June 26.
- S&P Global Platts' new waterborne USGC benchmark targets flaws in Cushing-based WTI
S&P Global Platts aims to set a new US crude benchmark after the historic NYMEX WTI negative pricing event in April that was triggered by landlocked storage concerns in Cushing, Oklahoma.
- Singapore 380 CST HSFO cash differential narrows to two-and-half-month discount on growing demand
The Singapore 380 CST high sulfur fuel oil cash differential over swaps values narrowed to a two-and-half-month discount on June 25 due to growing demand from the power sector, coupled with firm demand for straight-run fuel oil from refiners, S&P Global Platts data showed.
- US exports help rebalance Med ULSD market amid tight East Med supply
Increased exports of ultra-low sulfur diesel from the US into the Mediterranean have helped balance the supply picture in the West Med, while the East Med market remains tight on lower Black Sea volumes, the temporary shutdown of Turkey's Izmir refinery and a closed arbitrage from East of Suez markets, according to trade sources.
- Singapore's fuel oil exports to Bangladesh rise on demand from utilities
Singapore exported 98,900 mt of fuel oil to Bangladesh in the four weeks ended June 24, up from 18,302 mt recorded in the four weeks ended May 27, Enterprise Singapore data showed on June 25.
- Singapore residue stocks inch down on week amid lower fuel oil imports
Singapore's commercial onshore residue stocks inched down 0.1% week on week at 26.596 million barrels, or 4.19 million mt, on June 24, showed Enterprise Singapore data released June 25.
- OIL FUTURES: Crude edges lower as virus risks mount
Crude oil futures ended the week slightly lower on June 26 as rising coronavirus cases stoked demand concerns.
- External: Global Risk Management