|JANUARY 3, 2021|
- Documentary Credits Governing Maritime Trade
- K-Alliance of South Korean container lines to be launched this year
- Dec. exports move towards positive territory as New Year brings ray of hope, optimism: FIEO
- DGFT defers certification requirement for rice export to EU till July
- Export incentive sought for cotton fibre, yarn
- RoDTEP benefit extended to all export goods
- JN Port handles 4.47 mn TEUs in calendar year 2020
- GATX Corporation acquires fourth largest global tank container lessor
- India should reconsider anti-dumping duty on jute, urges Bangladesh
|DECEMBER 31, 2020|
- VIDEO: Remontowa launches LNG-fueled ferry
Canada's BC Ferries has released a video showing the launch of its fourth liquefied natural gas (LNG)-fueled Salish Class vessel at Remontowa Shipbuilding S.A. in Gdansk, Poland, Work at the shipyard will
- "Suspicious object" discovered on tanker
The crew of a Liberian flagged tanker have found what appears to be a limpet mine attached to the vessel's hull while conducting ship to ship operations 6 nautical miles south of
- Alfa Laval's PureBallast 2.0 BWMS gains USCG type approval
In a posting on its Maritime Commons blog, the U.S. Coast Guard reports that its Marine Safety Center has issued the 39th U.S. Coast Guard BWMS Type Approval Certificate to Alfa Laval
- Dominion Energy's Jones Act WITV will feature Huisman crane
Schiedman, Netherlands, headquartered Huisman is to deliver a 2,200 metric ton lift capacity leg-encircling crane for the Jones Act compliant installation vessel Wind Turbine Installation Vessel currently under construction for Dominion Energy
- Brix Marine delivers luxury water taxi
Brix Marine (formerly Armstrong Marine USA), Port Angeles, Wash., has delivered a new 4615-CTC luxury water taxi, Liberty National I, to Liberty National Golf Club after successful launch and sea trials in
- Interlake buys an ATB and a historic ferry
Interlake Holding Company has purchased the assets of Pere Marquette Shipping Company and Lake Michigan Car Ferry Company in an acquisition that includes two working Great Lakes vessels, the articulated tug-barge(ATB) Undaunted/Pere
|DECEMBER 31, 2020|
- UN hoping to inspect 'floating bomb' tanker
The 'timing of deployment' will depend on factors including the availability of equipment and staff, shipping times and routes, weather...
- Suspect device found on Iraqi tanker
An investigation has been opened after the crew on board a floating storage tanker at Iraq's Khor Al Zubair Anchorage...
- Why transparency sits at the heart of shipping's future
Transparency lies at the heart of most of shipping's fundamental questions as we head into 2021, but the path towards...
- Maritime industry figures recognised in UK honours list
UK maritime industry greats have been named among the Queen's new year's honours list, recognising achievements and services to maritime...
- Two dead, seven missing after Chinese bulker sinks
Latest incident returns spotlight onto vessel type that has seen over 170 fatalities in last decade
- Daily Briefing
Free to read: Death to 2020, reasons to be cheerful 2021 | Booming box rates have jumped 370% this year...
|DECEMBER 31, 2020|
- Outlook 2021: Capacity constraints, higher rates spur demand for alternative parcel solutions
- Korea's K-Alliance to be opened to foreign carriers
- Outlook 2021: Double-digit trans-Pacific volume growth projected through first half
- Extra-loaders not sufficient to handle US import volumes from Asia
- Orderbook questions loom large for container ship market
|DECEMBER 31, 2020|
- Mine discovered on Dynacom-connected tanker in Middle East Gulf
- Flex LNG comes back for another round of share buybacks
- Chilean boxship terminal to spend $44m on boosting capacity
- 'Patent troll' ropes Hapag-Lloyd into infringement disputes
- Seafarers must be designated as key workers before the industry collapses
- Fincantieri's bid for Chantiers de l'Atlantique given last-minute reprieve
- Seadrill strikes forbearance deal with raft of lenders - but not all
- Shipping has Zoomed ahead. Now let's build a future we can all share
- 2020 in graphs: Despite rebound, this was the worst year for dry bulk rates since 2016
- Jungerhans refinances fleet of 10 heavylift vessels
- Cruise fleet growth slows as Covid-19 leads to parity between disposals and deliveries
- DSME terminates $770m containership order over unmet conditions
- Greece fails to sell Hellenic Shipyards but may try again
- SGMF unveils its women in gas-fuelled shipping for 2020
- J3 Consortium sends oldest LNG carrier to India for recycling
- Zhou Ling: 'Nobody gave us nasty surprises whatsoever'
|DECEMBER 31, 2020|
- Maritime History Notes: The evolution of car carriers
As cars gained popularity, ships were converted and built specifically for transporting vehicles overseas.
- Career Tracks: DHL Freight and ev Transportation make moves
DHL Freight promotes two and ev Transportation appoints two to board.
- Among Piers: Port of Oakland ends 2020 on high note
Cranes arrive, environmental prizes are awarded and cruise ships are welcomed.
|DECEMBER 31, 2020|
- FEATURE: Clean tanker owners weigh options, face extended doldrums into H1 2021
As the coronavirus pandemic continues to stifle petroleum product demand globally, the clean tanker market looks to be in store for an extended period of breakeven if not negative tanker earnings as far out as the second quarter of 2021, according to market participants.
- INTERVIEW: Souki says Tellurian isn't betting on European utilities to lift Driftwood LNG in 2021
Tellurian is looking beyond the European utilities that helped finance the first wave of US liquefaction terminals to build commercial support for its Driftwood LNG project in Louisiana, Executive Chairman Charif Souki said Dec. 30.
- FEATURE: Spring contract season may solidify container carriers' newfound pricing power
Container box shippers and forwarders could be in for historically high rates and contentious contract negotiations with carriers upon first quarter 2021 contract renewals and a shift from term to spot volumes, following changing market norms brought on by the coronavirus pandemic.
- Primorsk January ULSD exports to rise 8.7% on month: sources
Exports of ultra low sulfur diesel from the Russian port Primorsk in the Baltic will total 1.557 million mt in January, up 8.7% from December but down 3.5% from January 2020, sources said Dec. 31.
- OIL FUTURES: Crude ends year at two-week high as market looks to OPEC+ meeting
Crude oil futures rode a late session upswing to end 2020 higher, as the market looked to a Jan. 4 OPEC+ meeting for next direction.
- FEATURE: US renewable distillates poised for breakout 2021 amid startups
After a year of announcements and investment, renewable distillates are poised to have a breakthrough year in 2021 as new renewable diesel (RD) and sustainable aviation fuel (SAF) plants come online.
- ARA diesel, gasoil stocks broadly stable on week: Insights Global
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub remained broadly stable on the week at 2.587 million mt in the week to Dec. 30, versus 2.589 million mt the previous week, Insights Global data released Dec. 31 showed.
- TENDER DATA: Petroperu offers 280,000 barrels of fuel oil
Petroperu last sold 200,000 barrels of fuel oil to Freepoint in early January at a $12.13/b premium to Platts US Gulf Coast high sulfur fuel oil.
- TENDER DATA: Taiwan's Formosa sells 10,000 mt pyrolysis fuel oil for early Jan
The fuel oil is produced at its ethylene plants and typically blended into low sulfur fuel oil for power plants, market sources said. Formosa sells one to two cargoes of PFO a month.
- LNG BUNKER WEEKLY: Germany's BMVI extends grants for LNG ship conversion to Dec 2021
**North Asian spot LNG prices continued to surge on tight shipping conditions **Gazprom Neft's new LNG -bunkering vessel completes its main construction phase and is set afloat.
- ARA fuel oil stocks up 1.5% on week to 1.384 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region edged 1.5% higher week on week to 1.384 million mt in the week to Dec. 30, data from Insights Global showed.
- Transneft plans Russian oil deliveries of 8.25 mil b/d in January
**Dec. Russian oil deliveries down 12% on year to 8.2 mil b/d **Dec. Russian oil exports down19% on year to 3.13 mil b/d
- Germany's BMVI extends LNG bunker retrofit grants until Dec 2021
**Vessels can receive grants to cover 40%-60% of conversion costs to LNG bunkering **BMVI has invested Eur30 million across 12 equipment and retrofitting projects to date
- OIL FUTURES: Crude slips following bullish spurt as 2020 draws to an end
**Overnight rally runs out of steam **Brent set to end 2020 almost 22% below the start of the year
- Bunkerworld Index: Prices rise amid firming crude, pockets of tightness for bunkers
**VLSFO in South Korea set for Q1 limits on availability **Durban HSFO tightness likely to linger following explosion **USGC demand may pick up following seasonal slowdown
- FEATURE: China leads LPG demand march in 2021, global supply seen balanced
**S Korea's domestic sales set to sustain uptrend to meet petrochemical demand **China's 2021 LPG deficit net of exports seen 20.5 mil-21 mil mt **India's 2021 LPG demand seen at 28.3 mil mt, imports 17 mil mt: Platts Analytics
- S Korea's SK Energy to start high sulfur bunker supply from end-Jan 2021: source
**SK to be second regular supplier after GS Caltex **SK plans to import HSFO from Singapore
- Zhoushan's Q1 Marine Fuel 0.5%S term inked at parity to MOPS Gasoil 10 ppm
Term contractual supply of marine fuel 0.5%S bunker for the first quarter of 2021 at China's port of Zhoushan was reportedly concluded at parity to the Mean of Platts Singapore Gasoil 10ppm assessments, market sources said.