|JANUARY 31, 2021|
- December 2020 schedule reliability drops to record low
- INSA requests government intervention following recent pirate attack in Gulf of Guinea
- MOL announces integration of dry bulk business & establishment of MOL Drybulk Ltd
- Role of freight forwarders lauded
- Cochin Port handles record cargo in December
- CONCOR launches regular container train service from Chennai to Nepal's ICD Birgunj
- Freight trains running at twice the speed from last year: Goyal
- Economic Survey showing V-shaped recovery
- Genesis of Indian Admiralty (Jurisdiction & Settlement of Maritime Claims) Act, 2017
- IAPH/IPA webinar highlights digitalisation, risk management & a focused approach to sustainable transition as key issues for South Asian ports
|FEBRUARY 1, 2021|
- Further routes from China to Finland
- Slight setback in ports worldwide
- Combitrans joins Gruber Logistics
- New managing director at Bolloré Nigeria
- Quietly and sustainably on track
- If you're going to San Francisco...
- HSF changes hands
- A future for young people?
- 155 PAX aircraft temporarily converted in 2020
- More than 100 new vehicles ordered
- Jaxport berths enhanced
- Port of Brussels shows resilience
- Jan de Rijk augments fleet
- "Curiosity of the Day"
- Reception in Miami
- Rotterdam: Innovation boosts railway
- VP promotions at Bolt Express
|JANUARY 29, 2021|
- Asia-Europe ocean spot rates sail into calmer waters as boxes are returned
- Covid restrictions causing bottlenecks, but some air cargo carriers carry on
- ONE profits surf the wave of soaring freight rates, with Q3 revenue up 29%
- 'A perfect fit' - Scan Global snaps up air and ocean forwarding arm of Werner
- Smaller road operators must get on board if emission targets are to be met
- Fears that post-Brexit regime may lead to trailer shortage and higher rates?
- HNA Group bankrupt: China's largest asset buyer succumbs to loans
- KDB eyes sale of stake in box line HMM to steel giant POSCO
- On the wires: CH Robinson - the sweetest thing ain't sweet enough
|JANUARY 29, 2021|
- Avenir launches world's largest LNG bunkering vessel
London-headquartered Avenir LNG Limited (NOTC:AVENIR) reports that the 20,000 cu.m Avenir Allegiance, the world's largest dual-purpose, LNG supply and bunkering vessel, has been launched at China's Zhoushan Changhong International Shipyard Co. Ltd.
- Two FMC Commissioners urge Biden to speed maritime vaccinations
Federal Maritime Commissioners (FMC) Carl W. Bentzel and Daniel B. Maffei have written President Biden urging that the U.S. maritime workforce be prioritized for vaccinations against COVID-19 and, in the interim, be
- NTSB issues report on fishing vessel stranding and loss
The National Transportation Safety Board has issued a Marine Accident Brief on a December 10, 2019, incident in which, at about 7.00 a.m., the fishing vessel Miss Annie was transiting out of
- MOL says farewell to its oldest LNG carrier
Japan's Mitsui OSK Lines Ltd. (MOL) has disposed of its oldest LNG carrier, the 1984-built Senshu Maru. The Equasis database shows the ship's status as broken up as of January 18, 2021.
- IMO: Transition to low-sulfur fuels "extremely smooth"
The International Maritime Organization (IMO) reports that the reduction in the upper limit of the sulfur content of ships' fuel oil to 0.5% (from 3.5%) that went into effect January 1, 2020,
- USACE awards Manson $9.8 million Alaska dredging contract
Manson Construction Company, Seattle, Wash., has been awarded a $9,847,000 firm-fixed-price contract for maintenance dredging in the Port of Alaska. Bids were solicited via the internet with two received. Work will be
|JANUARY 29, 2021|
- Maersk Tankers warns of 'more frequent and advanced' sanctions evasion
'We need to strengthen our already robust processes and procedures,' says Maersk Tankers general counsel
- Danaos lines up $300m bond issue
Danaos said the refinancing is intended to provide a 'more flexible and simplified' financing structure, and to reduce the drain...
- Shipping advised to fund projects with the right payback
'It really doesn't matter what you pay if you've got the right strategy, unless you're paying way too high,' says...
- Asia-Europe ocean freight contract rates start 2021 with record rise
Long-term Asia-Europe ocean freight contract rates are off to a flying start. Congestion is reducing already strained capacity
- Sulphur cap introduction drew little dissent, says IMO
There have been few reported cases of very low sulphur fuel oil being unavailable, the IMO says
- Pandemic will not change global trade patterns
Rising costs in China will see some manufacturing move to centres such as India and Vietnam. But the main east-west...
- No big show for Zim IPO
Container lines are doing better than they have done in a decade. But investors have been hurt before and won't...
- The week in charts: Tanker doldrums and box shipping's extraordinary year
A second wave of coronavirus has forced governments to implement renewed lockdown restrictions, driving down demand for transport fuels, while...
- Cosco Shipping takes 20% stake in Jeddah terminal operator
Cosco Shipping Ports Limited and Saudi Arabia's Public Investment Fund will each take a 20% equity stake in Jeddah's Red...
- Scorpio continues fleet sell-off
Eagle Bulk bought the 2017-built ultramax in a cash-and-shares deal. It is the US-based company's fourth bulker purchase from Scorpio
- China's shipyard orderbook at 12-year low
Cansi says support from the government and shipping community is vital for Chinese builders to survive the market trough. It...
- Okeanis shares poised for debut on Oslo Bors
Application by the Greece-based owner of 17 tankers to migrate from the Euronext Expand to the main board of the...
- Terminal automation 'is a process of evolution, not revolution'
Digitalisation is now accelerating automation, which needs to respond to higher customer expectations. Automation in various forms will be deployed...
- The Lloyd's List Podcast: Can shipping move from digital laggard to leader?
As part of a Lloyd's List special report on digitalisation in shipping we are looking at shipping's progress towards efficiency...
- Maritime Markets Outlook: Why there won't be any 'toaster moment' for tankers
In this month's edition: Tanker tonne-mile demand data | Why the tanker sector is so out of sync with freight...
- Daily Briefing
Free to read: Second Greek shipowner linked to Venezuelan oil cargo transfer off Malaysia | Economou buys out MatlinPatterson stake...
- MOL posts higher profits amid stronger box and tanker markets
MOL expressed optimism about the final quarter of the financial year and revised its forecasts for full-year profits to ¥60bn...
- Keppel O&M restructures to exit rigs and focus on renewables
The leading yard operating group will seek to diversify into next-generation energy projects including in the growing offshore wind, solar...
- Hot box market turbocharges ONE's full-year forecast
Vessel utilisation levels have also improved significantly on the transpacific and Asia-Europe trades, with the headhaul rates exceeding 100%
|JANUARY 29, 2021|
- Carriers blank Asia-Europe sailings, citing port congestion
- Industry, regulators urge priority COVID-19 vaccines for transport workers
- ONE earnings forecast offers early glimpse at 2021 profitability
- Outlook 2021: Oakland, NWSA ports to face increasing competition for Asian imports
- Market needs to separate container rate extremes from reality
- Shocks to container system rarely lead to improvements
|JANUARY 29, 2021|
- Castor Maritime caught up in 'GameStop' trading flap
- Blackrock grabs more Ardmore Shipping Corp shares
- Sea Consortium and China United snap up newbuilding boxships in resale deals
- Global Ship Lease investor cuts stake by more than half
- Zim claws back some losses after nightmarish first trading day
- Diana Shipping buyback oversubscribed by almost 4m shares
- CPLP's Kalogiratos defends questioned asset deal as 'fantastic'
- Court rejects attempt to seize property in Australian coal dispute
- Shipping mourns MJLF, CD Mallory veteran Axiotakis
- Castor adds kamsarmax to growing shopping basket
- Bulkers up, tankers down as Jefferies revamps 2021 earnings expectations
- Retired former Avenir chief Andrew Pickering re-emerges at GEV
- Capital Product Partners buys boxship trio from sponsor that paid less for them
- France's Socatra strikes $146m deal for MR tankers at Hyundai Mipo
- US miners' dreams of an Asian coal export bonanza lie in dust
- Coal demand to peak in four years as the world turns green
- Profits go through the roof at liner giant Ocean Network Express
- Physical survey is vital to maintaining asset quality and crew contact
- Stolt-Nielsen says Avenir LNG needs to grow more before potential IPO
- Is shipping on the cusp of a second scrubber boom?
- Fredriksen family kicks off sideline investment firm with quick $94m profit
- Socar wins second $63m arbitration battle in legal war against Palmali
- Abu Dhabi Ports and Allianz Marine team up for new offshore joint venture OFCO
- Euronav homes in on resale deal for suezmax duo at Daehan Shipbuilding
- Avenir LNG set to build 'pretty material' LNG supply business
- MOL earnings boosted by 'substantial profit' from liner company ONE
- Transformational year beckons for small-scale supplier Avenir LNG
- Avenir LNG's CEO sports enthusiast Peter Mackey navigates lockdowns
- German owners plug financing gap, says Hartmann
- Singapore navy reacts swiftly as three ships boarded by robbers off Indonesia
- Equinor takes $982m hit on 'uncompetitive' Tanzania LNG project
- LNG rates to drop as cargoes cancelled and new ships arrive
- Norwegian bunkering venture Cryo Shipping set to order LNG newbuildings
- Shipowners outline their stance on EU emissions trading scheme
- Seismic shift for Keppel O&M as it ditches rigs and ship repairs
- Sandhu takes the helm at BTS Tankers as Klarup jumps over to Fednav
|JANUARY 29, 2021|
- Hong Kong quarantine disrupts FedEx, Cathay Pacific crews and cargo
Hong Kong has some of the most rigid COVID-19 health measures and travel restrictions in the world. New rules targeted at home-based crews are impacting...
- Shipping's Wall Street saga: Rags to riches to rags to occasional riches
ZIM just completed the first U.S. shipping IPO in over five years. Here's a look back at shipping's wild multidecade ride on Wall Street.
|JANUARY 29, 2021|
- India's IOC Q3 crude throughput rises 2.1% on year to 17.86 mil mt
State-owned refiner Indian Oil Corp. Ltd posted a 2.1% year-on-year rise in October-December crude throughput to 17.86 million mt, the company said Jan. 29, as runs at refineries increased to meet improvement in demand for fuel products after India's coronavirus lockdown ended Oct. 1.
- Canadian rails see crude increasing on Keystone XL cancellation, DAPL uncertainty
Canadian railway executives expect increased crude-by-rail shipments now that US President Joe Biden has essentially canceled the Keystone XL Pipeline project and as the much-litigated Dakota Access Pipeline could still be shuttered.
- Phillips 66 reports weak fourth quarter on storm-hit USGC refining results
Phillips 66's fourth quarter results were weighed down from the hurricane impact on its US Gulf Coast refineries as the company looks to reshape its refining footprint by increasing its renewables fuels position.
- Argentina facing gas shortage without LNG terminal reopening: energy secretary
Argentinian Energy Secretary Dario Martinez said Jan. 28 that he has called on a federal judge to authorize reopening of the country's only floating regasification terminal, warning that there will be natural gas shortages later this year without LNG imports.
- Granholm fields questions on fossil fuel jobs in Senate confirmation hearing
Energy secretary nominee Jennifer Granholm talked up the potential for creating millions of US jobs in clean energy and emissions-reducing technologies Jan. 27, as she faced stiff questioning from Republican senators concerned about a near-term hit to fossil fuel employment.
- Petrobras CEO blames Brazil trucking woes on overcapacity, not diesel prices
Brazil's oversupply of hauling capacity and bad roads are behind the troubles facing the country's independent truckers, not import-parity pricing at state-led oil company Petrobras, CEO Roberto Castello Branco said during a Jan. 28 webinar.
- OIL FUTURES: Crude lacks direction as pandemic risks offset tightened supply outlooks
Oil futures settled mixed Jan. 29 as near-term demand headwinds and a strengthened US dollar countered signs of tightened supply outlooks.
- US' Occidental supplies first cargo of 'carbon-neutral crude' to India's Reliance
**VLCC Sea Pearl delivers 2 mil barrels of US crude to Jamnagar **Oxy says this is first step towards net-zero oil **Various offsets were used to cover GHG emissions
- S&P Global Platts Analytics cuts 2021 oil demand forecast, raises price outlook
**Demand rebound tempered by renewed lockdowns **Q1 demand forecast cut by 700,000 b/d **Dated Brent seen hitting $59/b by mid-year
- IMO 2020 regulation leads to 70% cut in global shipping sulfur oxide emissions
One year on from the introduction of a global sulfur regulation for shipping fuels, there has been a 70% reduction in sulfur oxide emissions, according to the International Maritime Organization.
- REFINERY NEWS: Lukoil lunches new lubes complex at Volgograd; to launch delayed coker at Norsi
The new complex includes a de-asphalter and fractionation unit for the hydrocracker residue. Construction started in October 2018 and is part of Lukoil's plan to upgrade lubricants production.
- Bangladesh to up HSFO imports in Feb on higher temperatures, no spot LNG
**To import about 300,000 mt of HSFO in Feb **Warmer weather will spur air conditioning use **Jan HSFO imports higher than expected at 200,000 mt
- Avenir launches world's largest LNG bunker ship
**Capacity of 20,000 cu m **CMA CGM launches 15,000 TEU LNG-powered ship
- Bunkerworld Index: Vaccine shortages, lower Chinese mobility weigh on crude, marine fuel
**Singapore market seen lower as Lunar New Year nears **More vessels in Mediterranean signal firming demand **Diverging US sentiment on firming upstream, limited liquidity
- JAPAN DATA: Dec oil products sales at 3.1 mil b/d, highest in 11 months
Japan's oil products sales recovered to 3.1 million b/d in December, the highest in 11 months, preliminary data released Jan. 29 from the Ministry of Economy, Trade and Industry showed, led by a significant increase in kerosene sales for heating as the country experienced cold spells.
- ARA fuel oil stocks up 6% on week to 1.454 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region, as measured by Insights Global, rose 6% to 1.454 million mt in the week to Jan. 27, following a 22% rise the previous week.
- European fuel oil hi-lo spread reaches nine-month high
The European hi-lo paper spread hit a nine-month high Jan. 28 as a pull in demand eastward supports an already tight low sulfur fuel oil market in Europe.
- Embrace wind propulsion early to speed shipping's decarbonization drive: sources
**Rotor sails likely to reduce fuel costs, emissions by up to 20% **Industry collaboration, early start with shipyards crucial for success
- REFINERY NEWS: Germany's Heide to reduce staff, well positioned to develop green hydrogen
Germany's Heide refinery will reduce its staff by 106 positions following "intensive and constructive negotiations" since the end of October, the refinery said Jan. 28.
- REFINERY NEWS: S Korea's S-Oil has no plans of CDU maintenance this year
South Korea's third-biggest refiner S-Oil Corp. has no plans of CDU maintenance this year, a company official said Jan. 29, indicating the company will keep its crude run rate higher to meet potential rebound in demand of oil products.
- TENDER DATA: India's BPCL seeks HSFO cargoes for Kochi, Ennore for Feb
The company is typically a seller of fuel oil, but the refiner needs to buy high sulfur fuel oil cargoes this time to meet customers' requirement as it has switched to light sweet crude oil, a company source said.
- SINGAPORE DATA: Residue stocks at 1-month low as imports fall, exports surge
**Commercial onshore residue stocks fall 5.5% on week **Fuel oil imports fall 30% on week, exports surge 86%