|FEBRUARY 7, 2021|
- KDB to sell stake in HMM to POSCO: Reports
- Ministry of Ports, Shipping & Waterways issues finalised guidelines for promoting floating jetties / platforms for multiple use along the coastline
- Poul Hestbaek named new CEO of Hamburg Süd
- Waiver of Late Fees on account of system down for Budget Update
- JN Port starts 2021 on a high with increased container handling yoy & record coastal cement throughput
- Mahindra Logistics sees all-round financial growth in Q3
- Indo-US mini trade deal sticking points largely addressed, says Commerce Secretary
- Tightening of anti-dumping, CVD rules to protect Indian industry on the anvil
- Single window approval system for industry to be created
- WWL Group celebrating two decades of growth & success
|FEBRUARY 6, 2021|
- Cooled ULDs under review
- More Rotterdam-Antwerp rail connections
- RCH starts testing e-hybrid mainline locomotive
- VCFI confirms development
- Turkish Cargo invites to "Cargo Talks"
- Collaboration in maritime intermodal transport
- CSafe Global adds sales director in Seoul
- GAC opts for QFZA
- COO welcomed back at HLT
- Logistics playing for Schneider
- UAE carriers extend handling contracts in Munich
- The cold drives LNG transits
- Italian haulier buys 1,000 fuel save trucks
- "Curiosity of the Day"
- AJW operative in Malpensa
- Amerijet appoints CCO
- Aircraft lessor demands more freighter capacity
- Port of Kapellskär won in 2020
- Growth in specialised truckload segment
|FEBRUARY 5, 2021|
- Rates misery for ocean shippers set to continue after Chinese New Year
- Strategic rethink by carriers on their approach to air cargo is needed
- Deadline day for English freeports - bids from 'every major seaport operator'
- Brexit shambles not fit for (trade) purpose, says customs consultant
- How the B747F remains the workhorse for air cargo
- A tribute to the late Boubby Grin, former head of strategy at KLM Cargo
- M&A radar: Echo Global - ready to make a meal of Radiant?
- Covid-19 radar: Big business licks its pandemic chops
- Air cargo heroes going not just the extra mile, but way beyond
|FEBRUARY 5, 2021|
- World's largest 3-D printed metal propeller gains BV certification
Bureau Veritas (BV) has certified what it says is the largest metal 3-D printed propeller ever manufactured, and the first propeller made using additive manufacturing technology to be used to equip an
- Norfolk Naval Shipyard breaks ground for $173 million cleantech energy project
The U.S. Navy and Ameresco Inc. have broken ground on a project at Norfolk Naval Shipyard (NNSY), Portsmouth, Va., that is being performed under a $173 million energy savings performance contract (ESPC)
- Torqeedo names new senior director for business development in North America
Crystal Lake, Ill.-based Torqeedo Inc. has appointment Patrick Bucci as senior director for business development for its electric and hybrid propulsion systems. In this new position, Bucci will have responsibility for driving
- MacGregor and Load Line Marine sign predictive maintenance agreement
MacGregor has signed a two-year OnWatch Scout predictive maintenance agreement with Athens-headquartered bulker operator Load Line Marine SA to support the operation of vessels in its fleet equipped with MacGregor merchant cranes.
- Australia: Norwegian car carrier giant fined AUD 24 million for criminal cartel conduct
Norwegian-based Wallenius Wilhelmsen Ocean AS (WWO) has been convicted of criminal cartel conduct and ordered by Australia's Federal Court to pay a fine of AUD 24 million (about US$18.5 million) in a
- NTSB: Poor bridge resource management led to $6 million LPG tanker strike on wharf
A National Transportation Safety Board Marine Accident Brief says that an 83,000-cubic-meter LPG tanker struck a Washington State wharf on December 15, 2019, because the pilot approached with excessive speed and at
|FEBRUARY 5, 2021|
- Brave Maritime agrees LPG and bulker deals worth over $100m
As Vafias family opts to spend on a new LPG carrier and secondhand bulkers, Harry Vafias-led Nasdaq-listed owner StealthGas takes...
- The week in charts: Subterfuge fleet, box volume rebound and supply chain chaos
Lloyd's List Intelligence data shines a light on one of shipping's darkest and most opaque sub-sectors; box volume surge in...
- Neptune leads the way, but will everyone follow?
How many chief executive officers does it take to change a crew? More than 500 supply chain heavyweights have now...
- Unclear picture on first weeks of EU asbestos ban enforcement
Asbestos is probably still present on most ships, and frequent low-level exposures are more dangerous than sporadic high-level exposure, expert...
- More abandoned seafarers go on hunger strike
This is the second reported incident about seafarers resorting to hunger strikes in protest at their conditions. The situation with...
- Hapag-Lloyd warns of cargo disruptions into second quarter
There are many complex causes for the current dysfunction in the supply chain. Among them is a system-wide shortage of...
- The Lloyd's List Podcast: Is the crewing crisis getting worse?
Despite significant efforts by international organisations, unions, companies and some governments to sort the crewing crisis, we are now starting...
- FSL Trust posts fourth-quarter loss after impairment charge
Singapore-listed tanker owner cites poor second-half market but ends year in the black
- Container volume collapse not as bad as feared
Box volumes on the trunk deepsea trades shrunk 1.2% in the past year. With initial projections pointing to a double-digit...
- The EU is about to push the first-ever fuel carbon intensity measure on shipping
A new proposal expected to come out in March will likely see the European Commission suggest the first carbon intensity...
- Stena Line aims for zero-emission ferries by 2030
Swedish ferry operator Stena Line says it plans to start two battery powered vessels on its Gothenburg-Frederikshavn route 'no later...
- An inconvenient truth: Flags failing
A Lloyd's List and Lloyd's List Intelligence special investigation details how, why, and which registries are flagging the Iranian and...
- Korea Shipbuilding terminates $890m VLCC orders
Broker reports earlier suggested that Everest Shipping Group, a new entrant backed by Chinese private fund interests, was behind the...
- Daily Briefing
Free to read: Euronav future-proofing with ammonia suezmaxes | Ammonia retrofits for LNG-fuelled ships to pick up in 2030s |...
- Demand takes off for LNG bunker vessels
'The LNG bunkering market is now developing quickly as more proposals are being tabled for the construction of LNG-fuelled vessels,'...
- Zhonggu Logistics firms up 10 boxship orders at Yangzijiang
While margins for the yard are relatively thin, the contract is denominated in Chinese yuan, which helps remove the exchange...
- Titan LNG charters in NYK bunker tanker
The charterparty for the tanker Green Zeebrugge was effected amid increasing LNG bunkering activity in the Amsterdam-Rotterdam-Antwerp region
|FEBRUARY 5, 2021|
- Yellow consolidating brands into 'super-regional' LTL carrier
- LA-LB congestion to clear by late spring: terminal operators
- E2open relists on NYSE to bolster long-term capital needs
- EU shunning of UK e-commerce opens door for US sellers
- Final penalties handed down in Australian car carrier cartel case
- Outlook 2021: Online quoting activity builds, but real-time rates elusive
|FEBRUARY 5, 2021|
- Hydrogen fuel cell momentum builds with GEV and Teco 2030 deals
- Capesize rates register 19% weekly fall amid seasonality, supply imbalance
- MR, suezmax tankers trade moments in sun amid market woes
- Criminality in the ranks still a problem, new Nigerian Navy head says
- d'Amico buys back Sole Shipping MR tanker to lower finance cost
- US sanctions head exits as Biden team take over White House
- Pappas and Dragnis-backed shipowners sell ageing MR tankers
- Ernst Russ ups fleet to 18 vessels with boxship and multipurpose purchases
- NYK banks Japan's first dollar-denominated sustainability loan in $50m deal
- Euronav weighing all options for future of venture with International Seaways
- De Stoop says 'good people' can help beat less careful retrofitted rivals
- Cosco leasing unit moves to arrest Eletson tanker pair
- Nikolaos Vafias expands with gas carrier newbuilding and handysize bulkers
- Palmali's arbitration bill hits $245m as Socar claims third win in London
- What risk does shipping face from possible sanctions against Myanmar?
- Tonnage providers unnerved by liner appetite for secondhand ships
- Xihe Group shipowner points finger at HSBC over crew abandonment
- Solstad continues fleet reduction with sale of laid-up PSV trio
- Asset play: Songa Container makes $19m profit on sale of boxship it bought for $23m
- Secrets of S&P: Euronav has $700m to spend but Awilco VLCCs were too expensive
- Chandris returns to South Korea with product tankers order
- Disaster for cruise as Canada extends cruiseship ban into 2022
- Hin Leong Trading could face wind-up order after sell-off flops
- Asset disposals and weak tanker markets push FSL Trust into the red
- Runaway aframax crew sees relief after owner abandons ship
- Ten VLCC newbuilding order at Hyundai yards cancelled
|FEBRUARY 5, 2021|
- Port of Long Beach has best January on record
The Port of Long Beach may need to start filling out its record book in pencil as new numbers keep replacing those on top.
- CMA CGM expanding in Virginia, launching startup incubator
"ZEBOX will assist innovative startups in developing new technologies in transportation, logistics, mobilities and industry 4.0," says CMA CGM CEO Rodolphe Saadé.
- AEI receives large order for 737-800 converted freighters
Aerospace engineering firms are busy converting passenger planes to pure freighters.
- Crude tankers stuck in 'rate hell' but floating-storage pain wanes
Long grind ahead for crude tankers: Executives and analysts don't see recovery until second half - if not later.
- Kenya Airways ditches Dreamliner seats to fit cargo
We haven't heard many airlines recently culling their cabins of seats, but Kenya Airways is now the first to do so with a Boeing 787.
- Airport cargo communities collaborate to optimize vaccine transport
Pharmaceutical companies often get nervous that carelessness by a transportation provider will spoil a shipment of COVID vaccines or other medicines. Airfreight experts say data...
|FEBRUARY 5, 2021|
- TENDER DATA: India's MRPL sells 25,000 mt LSFO Feb 24-26 loading
MRPL last sold 25,000 mt of marine fuel with maximum 0.5% sulfur for loading over Feb. 1-3 to Shell at a discount of $10-$15/mt to the average of Platts FOB Singapore Marine Fuel 0.5%S and Argus marine fuel 0.5% assessments, FOB, S&P Global Platts reported earlier.
- OIL FUTURES: Crude climbs to fresh one-year highs amid tightened fundamentals, weaker dollar
Crude futures settled higher Feb. 5 amid tightened supply outlooks, demand optimism and a weaker US dollar.
- India says predictability in oil production cuts, stable prices key for recovery
India on Feb. 4 urged the world's top oil producers to plan production cuts in a way that is more predictable, which would help to plan crude imports in a more organized manner and avoid the pain of volatile prices as it could dampen the fragile recovery process.
- NWE 0.1% gasoil cargoes hit 7-week low on high stocks, low inland demand
Premiums for 0.1% cargoes in Northwest Europe have fallen to their lowest since mid-December as stocks in the Amsterdam-Antwerp-Rotterdam trading hub rose on poor inland demand and the closure of the Rhine to barges, which cut off the Swiss market.
- GECF calls for 'carbon neutral' LNG contribution from both sellers, buyers
**LNG producers will need to offset GHG emissions **Europe could drive demand for carbon-neutral LNG **Need for 'robust' carbon offsetting markets
- European fuel oil Hi-5 spread up to triple digits on Eastern demand, output cuts
**European fuel oil Hi-5 spread highest since March 2020 **VLSFO finds support on arbitrage east, limited availability
- ARA fuel oil stocks slip 2% on week to 1.425 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region, as measured by Insights Global, moved lower by 2% to 1.425 million mt in the week to Feb. 3, following a 6% rise in the previous week.
- Bunkerworld Index: Rising crude supports bunker prices, but patchy demand ahead
**Singapore 0.5%S FO supply expected greater in March **NWE demand expected to remain weak **Poor demand but tight logistics at New York
- European VLSFO, LSFO cracks hit new highs on strong Asian demand
**High Asian LNG prices force utilities to turn to FO alternatives **European fuel oil refinery runs remain low **South American crude producers reduce flows to Asia
- REFINERY NEWS: Finland's Neste says COVID-19 accelerated need to improve refining business
**Targets some 1.5 million mt/year of SAF by the end of 2023 **Refinery works in Singapore, Rotterdam Q3, Q4
- FEATURE: Methanol a ready option to meet shipping's climate goals
**Pricing competitiveness prone to fluctuate **Methanol has ready-established infrastructure **Green methanol capacity possible, more demand needed
- S Korea's SK Energy set to expand high sulfur bunker supply in Ulsan: sources
**SK Energy leases storage tank in Ulsan **HSFO cargo arrives in end Jan
- Oil's peak seen nowhere near in India despite energy transition
**BPCL to aggressively pursue refining expansion **Volatile markets call for increased hedging **Oil and gas, new energy consumption to go hand-in-hand
- TENDER DATA: Sri Lanka's Lanka IOC seeks marine fuel 0.5%S Feb 24-25 delivery
Lanka IOC occasionally seeks marine fuel 0.5%S from the spot market via tender to meet bunker demand at Trincomalee.
- SINGAPORE DATA: Residue stocks build 3% on week as fuel oil imports rise 7%
**Fuel oil imports reverse two weeks of declines **Bunker demand thin ahead of Lunar New Year holidays