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| DECEMBER 29, 2020 |
- DGFT notifies lifting of ban on export of all varieties of onions from Jan. 1
- DGTR recommends anti-dumping duty on flat rolled products of steel from EU, Japan, Korea
- Duty cut on crude palm oil likely to increase imports from Malaysia, Indonesia
- Faceless Assessment - Clarifications on the issues raised by stakeholders
- Govt urged to ban steel, iron ore exports to control prices
- Cargo growth at Indian ports turns positive
- Khalifa Port's South Quay now operational
- Kolkata Port Trust creates three new anchorage points
- Air cargo industry improves its readiness to transport Covid-19 vaccines, but more collaboration seen required
- Asia-Pacific carriers seen benefiting from vaccine distribution
- Customs formalities will apply despite Brexit trade deal
- Goyal calls for ensuring last-mile connectivity for DFCs
- Prime Minister stresses on need for dedicated freight corridors while inaugurating New Bhaupur-New Khurja section of EDFC
- SpiceJet & Skyways Air Services in joint initiative to transport Covid-19 vaccine
- INR 12,000 cr. worth of Chinese FDI proposals awaiting govt nod
- Adani International Container Terminal
- Ashwin Bhat new Chief Commercial Officer of Lufthansa Cargo
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| DECEMBER 29, 2020 |
- Yangzijiang secures 24,000 teu newbuilds linked to MSC and Bocomm
Chinese builder says the pair represents the largest in its boxship portfolio and is 'a significant step-up' from the current...
- BW beefs up board representation at Navigator as deal closes
Navigator Holdings also announced that service has begun from a new 30,000-tonne refrigerated ethylene storage tank at its ethylene export...
- SBM, MISC win FPSO lease extension from Shell
Shell has penned agreements for another five years' of lease for the floating production, storage and offloading vessel with two...
- Sea mine damages cargoship in Red Sea, Saudis claim
Saudi Arabia claimed that a sea mine blast had damaged a cargoship in the southern Red Sea on Christmas Day...
- Eagle Bulk picks up third ultramax from Scorpio
The price tag for the latest purchase was slightly higher than previous deals
- Argentina grains port strike leaves 23 bulkers stuck
While 23 bulk carriers are in a 'stopped' status, seven were at or headed to port in the main grains...
- LA/Long Beach anchorages full as cargo surge clogs Californian supply chains
Lloyd's List Intelligence data shows that most of the world's top container lines are caught up in the ship delays...
- K Line expects earnings boost
Japan's Kawasaki Kisen Kaisha says it expects higher third-quarter profits amid higher-than-expected earnings at joint venture container line Ocean Network...
- Unrestricted shipping access written into Brexit free trade deal
Chamber of Shipping hails comprehensive agreement as 'good for shipping' but urges pragmatism in roll-out
- Second Awilco Drilling semi-sub rig contract falls through
The contracts for both rigs with Awilco Drilling are worth $950m, of which only the first instalments of under $100m...
- Men charged over Nave Andromeda stowaway incident
The two accused, aged 25 and 22, are to appear at Southampton Crown Court on January 29
- China approves HHI-DSME merger plan
The Chinese competition authority has joined its peers in Singapore and Kazakhstan to approve the takeover plan, which will create...
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| DECEMBER 29, 2020 |
- Port of Virginia expansion continues amid CEO transition
- More US shippers outsourcing transportation in 'unnatural' market: GlobalTranz CEO
- Skou comments on US exporter bookings highlight political sensitivities
- Turvo aims to redefine value of TMS
- Outlook 2021: Air cargo carriers extend space guarantees, but at premium prices
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| DECEMBER 29, 2020 |
- Two men charged with endangering safety in Navios tanker hijacking
- K Line starts profit review after strong ONE performance
- Chinese courts sell SAM Shipping's last two supramax bulkers
- China gives nod of approval for South Korean shipyard mega-merger
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| DECEMBER 29, 2020 |
- Trans-Pacific shipping rates just popped to new all-time high
Asia-U.S. container rates had held firm at a record high since September. Now they're on the move again - and headed even higher.
- Volga-Dnepr returns first An-124 from safety suspension
Volga-Dnepr is bringing back one of its An-124 jumbo freighters after an accident forced the company to temporarily ground the fleet for safety checks.
- Mexico issues controversial fuel import rules
Mexico's new fuel import regulations are seen by critics as an attempt to boost state oil firm Pemex.
- Container lines question claims of unreasonable rates, poor service
The World Shipping Council responds to assertions from FMC commissioners of potential Shipping Act violations.
- TSA to propose scan-all alternative for air cargo security
Freight forwarders are vying against all-cargo airlines and online merchants over whether export cargo should be screened or get a green light to the aircraft...
- Top stories of 2020: Inside ocean shipping's wild ride
A look back at 2020's shipping roller coaster: how container sector emerged as 'surprise rock star' and tankers peaked early, then plunged.
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| DECEMBER 29, 2020 |
- OIL FUTURES: Crude prices climb amid stimulus hopes, weaker US dollar
Crude futures settled higher Dec. 29 as the market eyed the potential for an expanded US stimulus package and a weaker dollar.
- FEATURE: Container shippers hoping for rate relief in Q1 2021 may have to wait
Shippers hoping for a break from escalating container rates in the new year may need to endure several more weeks of challenging market conditions before an increase in box supply in Asia balances with demand for available capacity.
- REFINERY NEWS ROUNDUP: Mixed picture of run rates in Asia-Pacific
Throughput at refineries in the Asia-Pacific region continues to vary as demand in some countries picks up but lags elsewhere.
- Platts launches Houston-Morocco VLGC implied freight rate for LPG
S&P Global Platts has begun publishing a calculated Houston-Morocco VLGC freight rate for LPG, derived from an existing Houston-Northwest Europe VLGC spot freight assessment, from Nov. 11, 2020.
- S KOREA DATA: Nov oil product exports fall to lowest in more than 6 years
South Korea's refined oil product exports in November fell to the lowest monthly volume in over six years as jet fuel shipments continued to tumble due to tepid regional air passenger traffic in the wake of the prolonged coronavirus pandemic, data released by Korea National Oil Corp showed on Dec. 28.
- JAPAN DATA: Nov kerosene imports, domestic sales surge as winter temperature plunges
Japan's oil product imports in November rose 17.1% from a year earlier and up 20.4% from the previous month to 684,052 b/d, as domestic demand for heating fuel continued to rise amid colder-than-average winter temperature this year, latest data from the Ministry of Economy, Trade and Industry showed.
- Singapore Feb-Mar jet fuel/kerosene spread at 11-month high on winter demand, aviation recovery
The Singapore jet fuel/kerosene February-March swap spread soared to an eleven-month high on Dec. 28 as domestic demand for heating fuel in North Asia continued to rise amid a colder-than-average winter, coupled with pockets of demand in the aviation sector.
- EMEA middle distillates: Key market indicators this week
European distillates markets continue to be driven by supply-side fundamentals, as cracks rise to five-month highs.
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