|JANUARY 7, 2021|
- 2020 volatility lifts freight derivative volumes
- Baltic freight index climbs to new high
- Covid-19 accelerates drive for digitisation of shipping
- Call for MEIS to continue till RoDTEP rates finalised
- Reduction in physical interaction
- Container transhipment declines at Colombo port
- DP World Chennai develops direct connectivity to China/South-East Asia
- Extent of cargo volume decline seen reducing at Major Ports
- Maximum permissible draught increase at New Mangalore Port
- PPT issues global RFQ for development of Western Dock on BOT basis
- Burkhard Eling takes up role of CEO at Dachser
- Prime Minister Narendra Modi inaugurates 306 km Rewari-Madar section of Western Dedicated Freight Corridor
- Economy witnessing V-shaped recovery: FinMin
|JANUARY 8, 2021|
- China-train reaches Europe in 32 days
- Connecting Silicon Valleys
- Five locomotives to be used abroad
- Mario Sommariva takes charge in east Liguria
- TT Club: malpractice costs USD 6 billion a year
- Blank sailings significantly down, says eeSea
- Sinovac vaccine arrives in Turkey
- Switzerland to adopt eTIR
- Takeover in Morocco completed
- Amazon buys aircraft
- Managing director for parcel logistician
- New vessel for Wan Hai Lines
- Pan-European guidelines established
- "Curiosity of the Day"
- Transitions and performance at Daseke
- Aersale begins first of 24 P2F conversions
- Yang Ming banks on France
- Broekman enlarges Benelux footprint
|JANUARY 7, 2021|
- US firms urge Washington not to hit Vietnam trade with 'China-style' tariffs
- $6bn annual cost of not knowing the danger from what's in your containers
- Northern Ireland Protocol 'a disaster' for truck drivers, MPs told
- Ridgemont Equity unveiled as new owner of Seko Logistics
- HMM to follow Maersk lead and aim to become a logistics player, says CEO
- Amazon eyes fleet of 85 aircraft as it changes course to buy its own freighters
- Head of cargo Bart Pouwels leads exodus as Schiphol restructures
- Ireland seeks its own 'landbridge' to continental EU
- Analysis: FedEx war chest inundated. Anyone got any ideas?
|JANUARY 7, 2021|
- Elaine Chao resigns
Secretary of Transportation Elaine Chao will reportedly resign Monday in the wake of yesterday's events in which a mob of Trump supporters overran the Capitol. The Hill newspaper quotes a letter from
- Piriou to build new French coastal ferry
France's Piriou Shipyard has been awarded a contract by the Pays de La Loire region for the construction of a ferry to serve the island of Yeu off the French Atlantic coast.
- Keppel O&M delivers world's first smart LNG bunkering vessel
Delivered by Keppel Offshore & Marine's Nantong, China, shipyard on January 4, the 7,500 cubic meter bunker capacity FueLNG Bellina is not only Singapore's first liquefied natural gas (LNG) bunkering vessel, but
- Scorpio Bulkers to become Eneti Inc.
Emanuele A. Lauro led Scorpio Bulkers Inc. (NYSE: SALT) said today that it intends to change its name to Eneti Inc. The company is transitioning away from the business of dry bulk
- Schottel makes major investment in crane system upgrade
Propulsion specialist Schottel GmbH has invested EUR 500,000 (about $612,000) in a new crane system that's now in operation at its Wismar, Germany, subsidiary. The new system ensures a faster and more
- Crowley forms division focused on offshore wind and LNG
Crowley Shipping has formed a New Energy division that will provide services supporting the emerging energy sectors in the U.S. and adjacent regions, particularly concentrating on offshore wind and liquefied natural gas
- U.S. Coast Guard issues type approval for previous-generation Alfa Laval BWMS
On December 30, 2020, as we reported earlier, the U.S. Coast Guard (USCG) issued its type approval for the Alfa Laval PureBallast 2 ballast water management system. The approval means that most
|JANUARY 7, 2021|
- Dalian Port Co changes name as consolidation progresses
The proposal to merge Yingkou Port Liability Co has been approved by the stock market regulators. DPC had expected to...
- Oakland welcomes new 'first-call' liner service with CMA CGM
Meanwhile, in anticipation of even larger ships and more cargo, the port of Oakland has received three new cranes, describing them as...
- US Customs and Border Protection targets cargoes produced by forced labour
The price of getting caught can be high, she said, noting that there are reputational, financial, and legal risks associated...
- Focus on most polluting ships would bring emissions down faster
The idea to focus more on the most polluting ships rather than force the whole industry to adopt greener fuels...
- Maersk to launch new team to pursue decarbonisation goals
Maersk made a commitment two years ago to become carbon neutral by 2050. It is now accelerating that process by...
- Odfjell considering sustainability-linked bond issue
The chemical tanker company, which has committed to carbon neutrality by 2050, wants the mulled bonds to be placed on...
- Container market recovery extends through November
The latest figures on the deepsea container trades show unwavering demand through November of the past year, with little sign...
- Japan Club confirms 10% general increase
'We deeply understand the burden caused by the increase on our members already in a difficult business environment, and would...
- Breaking down the barriers to mentoring
Speakers on a Nautical Institute webinar reveal that mentoring at sea adds to what can be taught at college. There...
- Container lines set to blank fewer sailings
Less than six weeks before the usual annual shutdown of China's manufacturing production and the slowdown of the ocean logistics...
- Japanese shipbuilders vow to regain competitive edge
The long-awaited joint venture Nihon Shipyard was formally established at the beginning of this year to create synergy and develop...
- Scorpio Bulkers to rename as Eneti
The company says it plans to sell all its remaining bulkers in the first quarter of 2021. Some of the...
- Daily Briefing
Free to read: LNG spot rates boom stokes hopes of vast improvement in 2021 | Car carrier sector shows signs...
- Pandemic acts as a boon for Hong Lam Marine's fleet renewal plans
'The outbreak bolstered interest in our new tankers as it has motivated the industry at large to reduce human contact...
- Singapore gets first fully digitalised bunker trade
The system is anchored on Singapore's TradeTrust standards and frameworks to increase transparency and visibility of a bunker transaction. Elements such...
- Crew-change restrictions tightened to combat mutant coronavirus
Although most countries have made the taking of a PCR test mandatory for crew, the Philippines has temporarily suspended entry to...
|JANUARY 7, 2021|
- US Gulf trade momentum puts focus on Houston port channel widening
- US East Coast chassis providers weathering cargo surge
- DHS to scan 100 percent of inbound cross-border vehicle traffic
- Multipurpose vessel index returns to pre-COVID-19 five-year average
- Adani grabs greater slice of India's rebounding container flow
- Private equity firm acquires majority stake in SEKO to fuel growth ambitions
|JANUARY 7, 2021|
- Kumiai Navigation orders ultramax bulker at Oshima Shipbuilding
- US Transportation Secretary Elaine Chao steps down after riot
- Heavy arbitrage naphtha flows to Asia lift LR2 product tanker rates
- Panamax bulkers gain on China's love of grain, brokers say
- One day after floating name change, Scorpio back to selling bulkers
- Pirates release four seafarers kidnapped from Marinakis tanker
- Fredriksen lieutenant rejects idea of Avance Gas merger with BW LPG
- Saudi supply cut and slow vaccination fuel big sell-off in tanker FFAs
- Joint European force aims to provide confidence in volatile Middle East Gulf
- BBC Chartering sued for $97m for calling at long-nationalised port in Cuba
- Consolidator-in-chief BW Group mulls future of LPG empire
- Large LPG carriers have stronger earnings prospects than smaller peers, Drewry says
- Odfjell lines up $60m bond to tackle looming debt maturity
- Interlake buys world's last active coal-fired passenger ferries
- US owner Crowley Shipping pivots into offshore wind
- Lloyd's Open Form awards for bulker incidents up threefold in 2020
- Reactivation of Wallenius Wilhelmsen car carriers 'bodes well' for recovery
- Blue-chip dry bulk charter gives owners shot at a green restart
- Naikai Zosen scores ropax order from Japan's Kato Kisen
- Singapore to prioritise maritime workers in Covid-19 vaccination effort
- Oshima scores 2020's only Greek bulker orders after getting over reticence
- Genting scraps $429m Credit Agricole lease deal for delayed cruiseship
- Prices hold up as NYK Line linked to year's first VLCC disposal
|JANUARY 7, 2021|
- South Carolina Ports defends hybrid labor model
The division of work between state employees and union members at the new South Carolina container terminal goes to the labor board.
- 'Blue wave' stimulus could spur import surge on top of surge
A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.
- Air cargo market levels off in November; passenger sector sinks
The airfreight sector is nursing itself back to health and should be discharged from intensive care by April. Find out why.
|JANUARY 7, 2021|
- November air passenger traffic demand down 70.3% on year as growth stalls: IATA
**November passenger decreases almost level with October **Firmer January outlook led by India and Brazil **Q1 pricing outlook flatlines
- Listen: Diesel faces up to the challenges of 2021
- ANALYSIS: Clean tanker West of Suez markets brace for ice premium impact at Baltic ports
**Most Baltic ports to develop ice in next 10 days **Northern Handysize owners bullish on prospects
- European mobility slumps as lockdowns drag Germany to new pandemic low
**Gasoline, jet fuel demand most exposed to latest demand hit **More than 230 million Europeans under restrictions: WHO **European air traffic steady around 62% below 2019 levels
- New KRG oil minister unlikely to end spat with Baghdad over oil, revenue
**KRG appoints Kamal Atroshi, ex-Total and Petronas **KRG, federal government in talks over budget revenue sharing **Differences over oil portfolio stymying OPEC+ compliance
- IRAQ DATA: Dec oil production up 4.7%, breaching OPEC+ quota
**Dec. output at 3.857 mil b/d was above 3.804 mil b/d quota **Kurdish and federal output both rose in December **Kurdish and federal domestic use remained steady
- Bunker One grows supply efforts in UK
**New supply operation along the Thames **Q3 UK bunker supply down 25% on year
- Scorpio Bulkers eyes name change after unsuccessful scrubber gamble
**Company focusing on wind turbine installations **Returns on scrubber-fitted vessels have plummeted
- Hong Kong Jan 0.5%S marine fuel term differential inked at minus $10-$15/mt, down from Dec
Term contracts for the supply of 0.5%S marine fuel at the port of Hong Kong in January have been concluded at a discount of $10-$15/mt to benchmark Singapore 10 ppm sulfur gasoil cargo assessments, down from December, Hong Kong-based suppliers said.
- Platts CEC carbon credit price rises 10 cents to 90 cents/mtCO2e after Democrats win US Senate
Platts CEC, or "CORSIA-eligible" carbon credit, price rose 10 cents/mtCO2e day on day Jan. 6 to be assessed at 90 cents/mtCO2e, after Democrats won control of the US Senate with two victories in Georgia.
- Japan's COVID-19 emergency to halt gasoline recovery, but boost kerosene demand
**Gasoline demand seen dropping 10% during state of emergency: refiner **Gasoline demand slumps to 35-year low in May 2020 after emergency measures **Weak domestic demand may support gasoline exports
- Saudi Aramco OSP hike at high end of market expectations: traders
**Aramco raises Feb Asia OSPs by 20-70 cents/b across all grades **Supply cuts, Dubai structure support price hike
- Fuel oil imports into Kuwait for power demand likely to continue Jan-Feb amid refinery upgrades
Kuwait is likely to continue importing high sulfur fuel oil over January-February to meet its local power generation demand amid ongoing refinery upgrades in the country, a source at state-owned Kuwait Petroleum Corp. said late Jan. 6.
- Saudi Arabia comes to the aid of OPEC+ but seeks goodwill in return
**Prince Abdulaziz shifts from quota enforcer to benefactor **Increasing split between Russian, Saudi oil policy **Wobbly oil demand, budget pressures weigh on kingdom
- Niger Delta militants threaten to resume attacks on oil facilities
**RDNA opts out of government talks, declares 'war' **Nigeria under economic strain, militancy could add to woes
- Norwegian shipper Wallenius Wilhelmsen to return 9 vessels to service in Q1
**Mixed macro-economic outlook **Jan mobility looks lower than Dec average