|JULY 31, 2020|
- Hong Kong's Q2 GDP shrinks 9pc amid the coronavirus outbreak
- Global shipyards face crisis with receding box ship orders
- Pacific Northwest ports looking for volume rebound in Q3
- Trade wars and pandemic shrink cargo volumes at US coast ports
- Westports' net profit and revenue fall as Covid-19 bites
- APMT Rotterdam orders fleet of Konecranes Noell straddle carriers
- FedEx pilots want flights to Hong Kong to be suspended due to virus risks
- Q2 cargo volumes at Anchorage post new high
- Seventy per cent of Finnair's earnings driven by air cargo in Q2
|JULY 30, 2020|
- Carriers negotiating Coronavirus storm with some success, says report
- Digitalisation, standardisation & new tech seen as critical for shipping in post-Covid recovery
- Customs administration moving towards faceless assessment by automating processes
- Govt notifies extension of safeguard duty on imported solar cells, solar modules by a year
- Indo-US limited deal could cover annual trade of over $13 billion
- WTO sets up dispute panels in ICT tariff case against India
- Avana Logistek & KICT jointly create new milestone
- Hindustan Infralog announces ' 1,000 cr. investment in Nhava Sheva Business Park FTZ
- Five ways to improve logistics performance
- Logistics industry to be greatly impacted by Dedicated Freight Corridor: MD
- Suez Canal Authority implementing Electronic Service fees
- Covid lockdown seen pulling down cement demand
- Economy seen poised for a sharp recovery
|JULY 30, 2020|
- Shipowners back in the driving seat, with brisk business in the charter market
- CH Robinson 'still strong', despite revenue declines in a 'volatile' Q2
- Sign of the times as the retail transformation spawns mini distribution centres
- Market talk: Looks like air freight will be oh, so quiet in August
- UPS pilots seek an option to refuse to fly into Hong Kong
- 'Half-baked' Brexit model puts flower sector at risk
- On the wires: UPS - A lean, mean cash machine. Or is it?
|JULY 30, 2020|
- Inland Dredging awarded $24 million USACE contract
Dyersburg, Tenn.,headquartered Inland Dredging Co. LLC, has been awarded a $24,000,000 firm-fixed-price contract for rental of 24-inch cutterhead pipeline for dredging navigation projects in Alabama, Mississippi and Florida. Bids were solicited via
- ABS updates offshore wind turbine guidances
Classification society ABS has released updated guides covering both floating and bottom-founded offshore wind turbines.They incorporate lessons learned from projects in Europe and North America and include the latest developments in International
- Hill Dickinson names new Head of Marine and Trade
Tony Goldsmith has been appointed as Head of Marine and Trade at Liverpool, U.K., headquartered international law firm Hill Dickinson. He will succeed the firm's current Head of Marine, David Wareing, who
- TIMCO Industries introduces Temperature Entry Access System
With maritime companies looking to include temperature scanning among the access protocols for vessels, shipyards and other facilities, New Albany, Ind., based TIMCO Industries has introduced a new Temperature Entry Access System
- Sea Machines partners with Maine Maritime and MARAD on autonomous vessel training
Students at Maine Maritime Academy, Castine, Me., are to get hands-on education about autonomous marine systems. Boston-based Sea Machines Robotics has partnered with the academy and the U.S. Maritime Administration's Maritime Environmental
- VIDEO: Carnival Fantasy beached at Turkish scrapping yard
Postings on social media yesterday showed Carnival Fantasy being beached at a Turkish scrapping yard - a sad ending for a ship that had in many ways been an icon of the
|JULY 30, 2020|
- Contango trades shield oil majors from epic losses
The oil price contango - when the future price is higher than the spot price - allowed oil majors to...
- Seafarers close to breaking point, warns shipmanager
With 300,000 crew still stranded at sea amid tightening crew change policies, the risk is rising that they will refuse...
- Navios Acquisition takes on container assets as tanker profits boom
The Navios Group tanker owner acquired seven feeder containerships, as well as receiving $8.9m in cash, following the liquidation of...
- New Hill Dickinson Singapore office head to drive future growth
Despite the severe disruption to the markets created by the pandemic, Singapore remains one of the world's most vibrant maritime...
- Co-operation helps keep US ports on track
But co-operation extends far beyond the coronavirus, as employers and labour have settled into a six-year agreement signed in 2018, which sets port...
- Performance reaps benefit of tanker switch
The company, formerly known as Diana Containerships, now owns four aframax tankers with only one remaining panamax container vessel
- D'Amico chief eyes deleveraging company
Depending on market conditions going forward, it may look to exercise purchase options on previous leaseback deals, chief executive says
- Keppel O&M's pandemic disruption drags on parent
Two foreign worker dormitories managed by the yard group's affiliate, Keppel Housing, have been earmarked as isolation areas because of...
- Port of Venice says first-half volumes down 12%
'Like all Italian and world ports, the lagoon ports have been affected by the negative effects produced by the pandemic...
- Talk of a containers crisis is off the mark
If container lines can hold their nerve, the next six months should remain profitable, even with a weak peak season
- Is dry bulk over the worst?
The dry bulk fleet is expected to expand this year, while demand is likely to fall, leading to a toxic...
- Global economy faces further harm from a second wave
Current economic developments will have a major impact on seaborne trade, with volumes in 2020 forecast to fall by 3%...
- Pacific Basin looks to upgrade to larger handysizes
The company says it will resume its acquisitions of secondhand vessels, which had been put on hold in the first...
- Lim family members step aside at Xihe Group
Hin Leong founder OK Lim and his children, Evan Lim and Lim Huey Ching, have resigned from directorships in Xihe...
- More action needed to prevent container losses
Stowage plans, lashing arrangements and verification of the gross mass of containers compliance remain areas of concern
- Zhuhai bids $270m for rival Chinese port
The majority shareholders of Xinhua have already entered an irrevocable undertaking agreement with Zhuhai
- Daily Briefing
Free to read: Grimaldi says state aid for shipping risks distorting market | Dry bulker crew members test positive for...
- Hong Kong crew change suspension dismays unions
The unions said they expected the government to improve the current policy and advocate the appropriate crew change in Hong...
- Australia bans Chinese dry bulker over underpaid crew
Disembarked Burmese crew are now said to be stranded in Brisbane due to the lack of flights to Myanmar, with...
- Maersk Pool linked to Xihe tankers deal
Lenders are seen as likely to welcome the appointment of 'independent' technical and commercial managers for the 37 tankers
- South Korea sees more coronavirus cases from Russian crew
South Korea has been conducting onboard quarantine checks of Russian ships arriving in Busan ports since late June
|JULY 30, 2020|
- US LTL demand recovery continues into mid-summer
- Container availability API heralds drayage integration promise in LA/LB
- Impressive Q2 earnings from UPS come at a cost to shippers
- Virginia port says $40 million in new yard equipment will help lower dwell times
- Montreal employers say union attacked port workers
- COVID-19 deals hard blow to India's private ports
|JULY 30, 2020|
- Fincantieri ends up in the red amid Covid-19 disruption
- Royal Caribbean announces corporate name change
- Tidewater's second quarter where management expected
- Suezmaxes fall off slightly in slow week
- Coronavirus outbreak on Centrofin tanker off Piraeus
- Norwegian extends fleet lay-up to end of October
- Scorpio pools strike again with addition of Greek tanker duo
- Tufton Oceanic asset values take a hit in turbulent quarter
- Period charters cushion D'Amico against 'very poor' tanker markets
- Emanuele Grimaldi seeks 'uniform and equal' emergency aid for Finnlines
- Klaveness Digital launches supply chain analytics service for dry bulk industry
- Tanker sellers are twitchy due to threat of sanctions
- Safety and crew welfare fears grow as crew crisis deepens in Asia
- Anglo American backing LNG-fuelled capesize berths in China
- Anglo-Eastern crew changes reach 10,000 'milestone'
- Pandemic is putting EU recycling regulation through first real test
- Cosco dry bulk arm considers $530m newcastlemax deal
- Blackbeard is back with marine insurance lessons for today
- Hearing to bring Xihe Holdings under judicial management put on hold
- Castor wastes little time spending new funds on panamax purchase
|JULY 30, 2020|
- Volume surges strain capacity at Amazon, put one-day shipping on back burner
Amazon cautions that the company is running out of fulfillment and delivery capacity.
- JAXPORT expands funding for harbor deepening
Jacksonville, Florida, port this week also welcomed the largest LNG-powered ro-ro vessel on its maiden voyage to the United States.
- DHL injects $1.6M into new Indianapolis life sciences facility
DHL located a new life sciences warehouse in Indianapolis because the city has many pharmaceutical companies in the area.
- UPS pilots seek option to refuse Hong Kong missions
UPS pilots are seeking protections from aggressive health safety measures in Hong Kong but aren't going as far as their counterparts at FedEx.
|JULY 30, 2020|
- Singapore marine fuel 0.5%S timespread, cash differentials at 5-month highs as cargo inflow falls
Singapore Marine Fuel 0.5%S timespreads and cash differentials hit five-month highs July 29 amid widespread expectations the inflow of Western arbitrage cargoes into Asia will fall in August.
- South Korea's Hyundai Oilbank imports rare August LSFO cargo as South Korean refiners maintain lower LSFO production
South Korean refiner Hyundai Oilbank, which reduced low sulfur fuel oil production in late Q2 amid weaker margins, is importing a cargo of IMO-compliant fuel in early August, according to a company source.
- LSSR relies on bunker demand: sources
Low sulfur straight run has become increasingly reliant on demand from the bunker pool in the last couple of months, as weakness in refining margins have made the product unattractive as a feedstock for light products blending, sources said.
- UK's oil demand recovery moves into slow lane after June surge
Road fuel sales in the UK edged up to 84% of pre-lockdown levels last week, according to official figures, in a marked slowdown from the rebound in June when oil demand rose by more than a fifth on easing travel restrictions in Europe's second-biggest economy.
- Finland's Gasum performs Germany's first truck-to-ship LNG bunker operation
Finland's Gasum has completed the first truck-to-ship LNG bunker operation in Germany, it said July 29.
- OIL FUTURES: Prices dip as demand outlooks dim ahead of OPEC+ production surge
Oil prices settled lower July 30 as weak US economic data put demand recovery outlooks in doubt amid rising global supply forecasts.
- Magellan projects relatively flat refined products demand through end of 2020
Magellan Midstream Partners said July 30 it expects refined products demand to remain relatively flat through the rest of the year, with only a small uptick seen in gasoline.
- External: Global Risk Management