|OCTOBER 4, 2021|
- Advance Cargo Information Declaration for cargo to Egypt
- CMA CGM to launch service connecting North Greece with Egypt & South Turkey
- Kerala govt likely to extend coastal shipping service to Vizhinjam port
- Maersk partners with China Classification Society on carbon-neutral technologies & standards
- MOL & Kokusai Cable Ship sign MoU on operation of cable-laying ships
- New service between Northeast & Southeast Asia launched
- Basmati rice exports down in April-July: APEDA
- Adani Ports continues to register volume growth
- Piyush Goyal welcomes the world to participate in India's growth story; inaugurates India Pavilion at Expo 2020 Dubai
- CBDT notifies rules for implementing amendments made by the Taxation Laws (Amendment) Act, 2021
- SCI will have to further show its strength in future: Sarbananda Sonowal
|OCTOBER 5, 2021|
- A new old oligopoly
- 20 minutes to refuel a hydrogen truck
- Seko snaps up Bansard
- Physical advantage for digital partnership
- Etihad Rail to transport 60 million t of goods
- Winners of the 52nd AOTOS Award
- White smoke in the Port of Trieste
- Milestone for Hamad port
- Tier 4 Locomotive to operate in Pennsylvania
- Lena Klopfstein named head of LNT
- The other kind of "ship of the desert"
- First A321 cargo conversion inducted in China
- "Curiosity of the Day"
- Swiss Post's new ID(eas)
- Port Sagunto's rail access progresses
- Harald Jony CEO of cargoe Austria
- Rail-enabled vessels with green finance
- Japanese carrier joins Pharma.Aero
- PtL world premiere in northern Germany
|OCTOBER 4, 2021|
- New shock for importers as shipping lines cut box free-time, despite haulier shortage
- Cargo velocity now slowing through US east coast ports as congestion spreads
- CIMC joins the liner business, chartering ships for US west coast service
- Adani seals new Colombo deal, but transhipment losing out to direct India calls
- Acquisition-hungry Seko Logistics buys France's Bansard International
- Coca-Cola switches container supply chain for bulk carriers
- Alexey Skatin leaves Russian Post to join Volga-Dnepr as MD
- Avolon targets air cargo market in A330 aircraft conversion deal
- Supply chain radar: Beware the first horseman of the (logistics) apocalypse - Part 1
- Shipper radar: Always Coca-Cola - decontainerisation... or 'giving the box lines the finger'
|OCTOBER 4, 2021|
- Stonepeak to acquire Teekay LNG in $6.2 billion transaction
New York City headquartered investment firm Stonepeak is to add TK LNG Partners (NYSE: TGP) to its $39 billion portfolio of infrastructure and real assets under management. A merger agreement announced today
- Norwind Offshore places CSOV, SOV orders with Vard
Fincantieri's Vard subsidiary has booked a significant order from Norwind Offshore, a new offshore wind farm support company that, like Vard, is based in Ålesund, Norway. Started by some long established players
- Keppel O&M tug first with ABS Remote Control Navigation notation
A remotely operated harbor tug developed by Keppel Offshore & Marine (Keppel O&M) is the first in the world to receive the ABS Remote Control Navigation Notation. A trial of the 65-meter
- VIDEO: Damen e-ferry nominated for Ship of the Year Award
Damen's all-electric ferry Bryggen has been nominated for the 2021 KNVTS Ship of the Year Award. This prestigious prize is presented each year to an outstanding, technically innovative ship designed and largely
- Management changes at Thordon Bearings
Anthony Hamilton has been appointed as the new technical director at Thordon Bearings. Reporting directly to CEO Anna Galoni, he will lead the Burlington, Ontario, headquartered company's engineering, CAD, and new product
- Chief engineer and Greek ship owner and operator indicted
A New Orleans grand jury last week indicted ship manager Empire Bulkers Ltd., ship owner Joanna Maritime Limited and chief engineer Warlito Tan for alleged violations of environmental and safety laws involving
- Eastern Pacific Shipping tackles mental health head-on
Eastern Pacific Shipping (EPS) has partnered with Mental Health Support Solutions (MHSS) to break the mental health taboo and provide professional psychological support to its 5,000-strong and growing workforce across sea and
- Kirby names new CFO
Kirby Corporation (NYSE: KEX) reports that Raj Kumar will be joining the company as executive vice president and chief financial officer in November 2021. He will succeed Bill Harvey, who previously announced
|OCTOBER 4, 2021|
- Marine insurers cancel 'spoofing' Iran-linked ships
Intervention by a New York-based non-governmental organisation has been followed by action from insurers removing some Iran-linked vessels from their...
- Piraeus agrees expansion deal for car terminal
A 35-acre expansion of the existing terminal area will create parking space for another 5,400 cars, while existing port facilities and...
- Teekay sells LNG unit for $6.2bn
Under Stonepeak's ownership, Teekay LNG will have improved access to competitively priced capital for both fleet renewal and potential future...
- Eagle Bulk unveils new dividend policy amid $400m refinancing
Under the new policy, payments of quarterly cash dividends equal to a minimum of 30% of net income, but not...
- IEA calls for more hydrogen investment
Governments must lower barriers to hydrogen's growth as a fuel if the world is to meet its 2050 emissions pledges...
- The week in charts: Demolition drought | Surge in Venezuelan subterfuge STS transfers | Weighing the economics behind boxes on bulkers
Sky-high box and bulker rates have led to a dearth in demolition numbers across both sectors, while tanker scrapping too...
- Genco to focus on dividends and cutting debt
Genco's chief executive says he wants to carry out paying dividends even if markets turn softer and one of the...
- Bottlenecks and 'pent-up demand' to bolster freight market
Short-term disruptions aside, the logistics executive says more focus should be put on the changes that will be shaping the...
- Yildirim mulls sale of CMA CGM shares
The 24% shareholding in French group CMA CGM represents one of the very few opportunities for financial investors to acquire...
- Sovcomflot signs multi-LNG carrier deal with Novatek
The newly ordered gas carriers will meet all the current environmental requirements and will be compliant with the most stringent...
- Delays soak up more than a tenth of boxship capacity
Carriers have deployed all available capacity to meet demand. But congestion driven delays mean a capacity equivalent to CMA CGM's...
- Belships extends expansion with two supramaxes
The new vessels will take the firm's fleet to 29 supramax and ultramax bulkers, with an average age of four...
- Daily Briefing
Venezuela expands deceptive shipping practices to bolster Asia crude exports | The BDI: Back to 2008, but in a good...
- CSSC nets LNG carrier quartet order from Qatar Petroleum
Order comes after a long-term LNG sale and purchase agreement signed between Qatar Petroleum and the gas and power unit...
- CDB Leasing orders nine ultramaxes at domestic yard
Deal will further boost the shipping portfolio of the Chinese lessor, which has been scooping up vessel assets this year
|OCTOBER 4, 2021|
- Port of Virginia looks to NS depot opening for dwell relief
- Vancouver importers scramble for domestic containers
- Congestion blunting Asia-Europe capacity injection: analysts
- MPV/HL market shifts toward longer-term commitments
- Höegh Autoliners orders eco-friendly Aurora-class car carriers
- SEKO expands global footprint with takeover of Bansard
|OCTOBER 4, 2021|
- Capesize bulker prices may rise amid booming rates, says analyst
- Flex LNG says arbitrage profit of $108m per cargo will boost spot rates
- Transpacific capesize bulker rates drop, signalling normalisation
- Cambodia claims cargo on World Tankers ship was always its oil
- Cosco gets respite to complete Piraeus port investments
- China's Brinav wins the race to launch world's first autonomous ship
- Stena Sonangol pool sells off oldest suezmax tankers in recycling deal
- World Maritime Day is bitter-sweet amid continued impunity and abuse at sea
- Alicat scoops North Star's order for new wind farm 'daughter craft'
- Hoegh LNG Partners gets more time on FSRU refinancing
- Golar LNG tests bond markets to refinance $402m issue as it adds $382m loans
- Tufton Oceanic eyes retrofits after splashing $41m on two more bulk carriers
- Probe launched after Glenhallen ro-ro partially sinks in Algiers
- Simon Palthorpe steps down as president of Carnival UK
- Maersk sells container business MCI into China for nearly $1bn
- Havfram poised to move into wind farm vessels with next-generation newbuilding
- High capesize rates may lead to panamax 'stem splitting', brokers say
- CDB Leasing swoops on nine ultramax newbuildings at New Dayang
- Oaktree exits Ports America investment as Canadians takeover
- Transport sector urges vaccines and mobility for trade's sake
- Bottles of duty-free booze boost fortunes of Stena Line's Irish Sea ferry services
- Platts to add Singapore and Houston to methanol price assessments
- Tanker hopes dashed, oil leaps to seven-year high as Opec+ keeps supply down
- Remote surveys will not replace physical surveys, says IACS chairman
- Carnival borrows $1.5bn to pay down high-interest Covid-19 debt
- MX Bulk sells kamsarmax newbuilding for strong price on dry bulk surge
- Investment company Stonepeak buys Teekay LNG Partners in $6.2bn deal
- Eagle Bulk takes flight with dividend policy and buy-back programme
- Energy transition work helps Gunvor Group to place $300m bond
- Labour convention shows its true stripes - it's a toothless tiger
- A lifeline for seafarers amid the hidden Covid-19 crisis
- IndianOil linked to six-figure LNG fixture as open ships become hard to find
- Panthalassa hits the buffers after bulker arrests in China
- Seaspan Corp leads the rise of a new order in container shipping
- Demurrage and detention charges: bad when they're not good
- Greek manager denies tanker seized by Saudi Arabia after Yemeni claims
- Farstad and Volstad families take $162m plunge into offshore wind
- Jiangnan Shipyard scores $170m car carrier order from SAIC Anji
- Belships buys two more supramaxes and seals ultramax charter
- Sovcomflot and NYK ink order for up to six LNG carriers for Novatek
- Coca-Cola switches to bulk carriers in face of sold-out containerships
- Bulk carrier crewman dies of suspected heart attack after finding colleague's body
- Empire Bulkers charged over alleged 'magic pipe' tampering in US
- Magnetic energy generation is a way to keep your cool
- Van Oord orders methanol-fuelled wind turbine installation vessel
- Opec+ inaction likely to release more VLCCs into trading fleet
- P&O Maritime aims to reinvent PSV sector with switch to freight model
|OCTOBER 4, 2021|
- How supply chain chaos and sky-high costs could last until 2023
With no end in sight for global supply chain crisis, importers warned to brace for high costs throughout next year.
- Viewpoint: LA empty containers tell a compelling story
According to customs data, the share of empty exports to total exports leaving the Port of Los Angeles is up over 10% and leaving at...
- IATA forecasts 2021 air cargo revenues to hit record $175B
Air cargo is booming, but the pandemic set back international passenger airlines by seven years or more by several metrics.
- Despite exodus of empty containers, US exports are hitting new highs
Containerized exports continue to struggle but overall, U.S. exports are rising. Sales are at record levels for some commodities.
|OCTOBER 4, 2021|
- Global oil demand 'very healthy', lack of investment could send prices higher: Aramco CEO
Some of the reasons are short term, he said, such as high electricity costs in the UK and Europe in general and a shortage of natural gas, estimating the switch from gas to oil at some 500,000 b/d.
- September fuel oil barge volumes traded in London MOC rise 6.6% on month
Fuel oil complex was reportedly tight during the month of September, providing support to the complex. Tight supply fundamentals came from dynamics in Asia, as well as high natural gas prices.
- OPEC+ committee recommends 400,000 b/d November crude production increase
The recommendation must be ratified unanimously by the 23-country OPEC+ coalition, which meets later in the day.
- Japan's IMO-compliant domestic bunker contracts for Q3 settles at Yen 69,400/kl
The settled quarterly price, widely used by bunker fuel suppliers and shipowners in Japan's domestic market, is decided by representatives of fuel oil suppliers and shipping companies in quarterly discussions, with companies taking turns each quarter in handling the discussions.
- Bunkering delays expected at Fujairah, backlog building
Traders said the backlog has intensified due to robust bunker demand on the first trading day of the week, as some buyers had not been deterred.
- OIL FUTURES: Crude edges slightly higher ahead of OPEC+ production decision
According to Commerzbank analyst Carsten Fritsch, significantly higher prices and tight supply are putting pressure on OPEC+ to increase production by more than the 400,000 barrels per day originally planned for November.
- ICE LSGO futures net speculative length up 14,510 contracts on week
Sentiment was bullish in the Mediterranean ultra low sulfur diesel market Oct. 1, with a shorter Tuapse loading program and upcoming refinery maintenance set to tighten supply.
- Oman 'almost back to normal' as Sohar port reopens after cyclone
One bunker trader at the port said he hasn't been able to provide bunkering operations at Fujairah since Oct. 2. He said he has two ships waiting for bunkering, and expects to resume filling orders within a day.
- REFINERY NEWS: Belarus Naftan operations not affected by fire at coker
The fire occurred in the week ending Oct. 1, due to a diesel leak during testing of the delayed coker.
- IEA sees 'encouraging signs' on 'important' low-carbon hydrogen expansion
However, governments need to move "faster and more decisively" on implementing hydrogen policy measure, particularly around demand, for the world to stand a chance of reaching mid-century net-zero emissions goals, the IEA said in its Global Hydrogen Review 2021.
- REFINERY NEWS: Italy's Livorno to stop crude refining by end-2022 - sources
The decision was presented as aligning with the general global move towards winding down the use of fossil fuels, the sources said.
- Ministerial meeting backs need to strive for Paris Agreement
The consensus was reached Oct. 4 during the first Asia Green Growth Partnership Ministerial Meeting (AGGPM), which was launched by Japan, to consider realistic energy transitions toward carbon neutrality and measures to achieve green growth in Asia.
- Operations at Russian port of Novorossiisk disrupted as storm forecast extended
Loadings of crude and diesel tankers are facing renewed delays, a spokesperson for Russian crude oil pipeline operator Transneft said Oct. 4.
- RUSSIA DATA: September oil production up as OPEC+ eases output cuts
Output was up 2.7% on the month and 8% on the year to 43.86 million mt -- or 10.72 million b/d -- in September.
- OPEC+ plan to boost output not enough to meet demand, build inventories: Vitol's Muller
OPEC+ ministers are set to meet virtually Oct. 4, when they will discuss the tapering of production and November quotas.
- Asia residual fuels: Key market indicators for Oct 4-8
South Korea's marine fuel 0.5%S bunker supply is expected to tighten slightly in October due to refinery maintenance.
- Weak demand caps Fujairah Oct ex-wharf low sulfur marine fuel premiums
Suppliers are cautious about overcommitting to large quantities of ex-wharf purchases on term contracts, as sales of the International Maritime Organization-compliant bunker fuel in September were estimated to have fallen by "at least 5% month on month," according to traders.