|APRIL 7, 2021|
- Congestion expected on Europe's shores after Canal reopening
- HMM's first 16,000-TEU class vessel goes fully loaded on maiden voyage
- Suez Canal blockage impacting Asia-Europe capacity: Analysis
- INDIAN PORTS ASSOCIATION
- Maximum permissible draught at New Mangalore Port up
- Overall cargo decline at Major Ports in FY21
- ICHCA International appoints Richard Steele as its new Head
- Indian logistics sector expected to rebound in FY22
- GDP at 10.5 pc for FY22: RBI
- Quick recovery in world trade a possibility
- Arun Sharma of IRClass receives Varuna Award
- CWC should double storage capacity by 2023: Goyal
|APRIL 8, 2021|
- To Brazil on a river barge
- 8,000 t less
- Emirates Skycargo signs GHA with SAL
- Improvements for Egypt's rail network
- More pharmaceuticals from Ireland
- Grimaldi expands Malta activities
- Celebi Delhi Cargo picks CEO
- New client for brownfield
- Vehicle fleet expanded
- Interrail strengthens team
- Strong March in Koper
- Test kits follow masks to central Germany
- Delisle snaps up Transport Antoine
- From Rickmers to Chipolbrok
- "Curiosity of the Day"
- Crowley names VP for sustainability
- Building a dedicated agro airport in Nigeria
|APRIL 7, 2021|
- Q4 20 most profitable in container shipping history, but 2021 will be better
- Options for shippers narrow as air cargo charter prices hit new heights
- Sudden spike in demand for China-Europe rail services, post-Suez
- Shipping lines agree T&T digital standards and call for 'widespread adoption'
- White House opens coffers for ports developing in line with climate agenda
- DFDS set to launch Sheerness-Calais daily unaccompanied ro-ro service
- Fashion returns bound up in post-Brexit red tape, raising costs for SMEs
- Baris Oran, a 'strong, hands-on finance leader' for XPO spin-off GXO Logistics
- Eddie Aston to be new CEO of Genesee & Wyoming's UK/Europe region
- Hans Jungbluth: farewell to a charismatic and respected shipping pioneer
- M&A radar: Anybody up for Wagers in Flexport?
- On the wires: Fanciful green handcuffs
|APRIL 7, 2021|
- Motor Services Hugo Stamp adds Alaska engine dealer
Fort Lauderdale, Fla., headquartered Motor Services Hugo Stamp Inc. (MSHS Group) has added Highmark Marine Fabrication, LLC, in Kodiak, Alaska, to its dealer network. Highmark sells FPT, Baudouin, and Alamarin-Jet brands, for
- Leidos delivers Seahawk autonomous vessel to U.S. Navy
Leidos (NYSE:LDOS) announced today that it has completed delivery of a cutting-edge autonomous vessel to the U.S. Navy, known as Seahawk. The Office of Naval Research awarded Leidos the cost-plus-fixed fee contract
- Dede Smith named Chair of NWC Navigation Caucus
Dede Smith, Deputy Director for the Inland Rivers, Ports and Terminals (IRPT) association, has been named chair of the National Waterways Conference (NWC) Navigation Caucus. In addition to her role at IRPT,
- Finland tests Bio LNG in Coast Guard vessel
Wärtsilä is cooperating with the Finnish Border Guard in the testing of Bio-LNG as fuel for the 96 meter long Coast Guard patrol vessel Turva. The aim is to lower greenhouse gas
- Consortium will use hybrid CTVs to testbed zero-emissions technology
Esbjerg, Denmark, headquartered offshore wind crew transfer vessel (CTV) operator MHO-Co is leading a consortium that aims to develop a propulsion system that will use fuel cells and a new type of
- MAN leads new project on ammonia-fueled four strokes
MAN Energy Solutions has initiated a project that aims to define the steps necessary to produce a dual-fuel, medium-speed engine capable of running on diesel-fuel and ammonia. MAN Energy Solutions will transfer
- USCG: Emergency dewatering equipment essential under Sub M
A U.S. Coast Guard Marine Safety Alert (02-2) released last month notes the increasing failure rate of fixed and portable emergency dewatering equipment in the inspected towing vessel fleet. The alert reiterates
|APRIL 7, 2021|
- Tanker demolition fails to hit targets
Higher scrapping was expected to help cut the oversupply of tankers weighing on rates
- Maersk claims progress in carbon neutral methanol hunt
Maersk's head of decarbonisation believes that the company's commitment to a having carbon neutral ship running on green methanol in...
- Iran reports another possible limpet mine blast
Iran reported another explosion, this time on its cargoship Saviz, used by its military in the Red Sea. No one...
- Tanker rates rebound as Middle East Gulf export slump ends
Middle East Gulf clean and dirty exports shrunk 9% year-on-year, Lloyd's List Intelligence data show, the lowest since 2010
- Capital in line for $30m termination fee from tanker merger
Under the termination deal, which is conditional on the merger with International Seaways being consummated, Diamond S has agreed to...
- China's Africa investment strategy survives bumps in the road
China has been chasing European Union investment in Africa, and the gap is narrowing rapidly. But there are concerns over...
- Eemslift Hendrika salvage mission postponed but grounding risk 'small'
UPDATE: Salvors are preparing to tow the listing Dutch yacht carrier Eemslift Hendrika away from Norway's coast after the dramatic...
- Latsis takes delivery of first LNG carrier
The 174,000 cu m newbuilding was delivered last week by Hyundai Samho Heavy Industries and is currently on its way...
- Revamped PIL reshuffles board
The reshuffling of PIL's board came after Heliconia Capital injected $600m rescue financing into the shipping line
- Daily Briefing
Free to read: Too early to call P&I hit for Ever Given, but it's looking increasingly complex | New finance and...
- Fujairah seeks dismissal of US oil forfeiture case
Fujairah International Oil & Gas Corp told the US District Court for the District of Columbia that the US government...
- Eastern Pacific orders twin dual-fuel VLECs
The Idan Ofer-owned company continues with its order spree and the latest deal brings the total number of newbuild orders...
|APRIL 7, 2021|
- US retailers signal no import let up through summer
- Nuvocargo lands $12 million investment to build US-Mexico logistics platform
- Autonomous truck maker TuSimple launches $1 billion IPO
- Port NOLA funds cold storage site to boost ag export capacity
- Additional port capacity alone can't solve congestion issues: LA-LB
- FourKites deepens global execution reach with Haven purchase
- Maersk welcomes pressure to hasten decarbonization moves
- Cosco expects 2021 profits to eclipse 2020
- Latest acquisition moves MercuryGate into parcel, LTL
- DCSA members getting on board with track-and-trace standard
|APRIL 7, 2021|
- Italian businessman caught up in US sanctions after mistaken identity
- US challenged to provide proof of Iran origin oil by Fujairah oil company
- Iran confirms cargoship hit with blast in Red Sea
- Overseas Shipholding Group selling product tanker in liquidity squeeze
- Cruise giant Carnival starts off fiscal year with $2bn loss
- HMM has filled new ultra-large boxships to the brim 36 times out of 37
- Magnus Fyhr returns to US analyst circles with positive view on tankers
- Tech start-up ZeroNorth hires new executive for future growth
- Sonatrach sale to see first LNG carrier demolition of 2021
- Nine major liner companies saw operating income triple in 2020
- Singapore bunker supplier Inter-Pacific Petroleum to be liquidated
|APRIL 7, 2021|
- Analysts bullish on US airlines as travelers prepare for 'jailbreak'
Gloom and doom could soon turn to sunny skies for U.S. airlines. It's another story for international carriers, but everyone is managing heavy debt loads...
- Maritime regulators dive into alleged tariff-fee overcharges
"Widely varying" tariff fees charged by container lines have prompted federal regulators to consider new rules.
|APRIL 7, 2021|
- February air passenger demand down amid tentative recovery outlook
Air passenger demand in February was almost 75% lower than in February 2019, worse than in January, on the back of travel restrictions, the International Air Transport Association said in a statement April 7.
- Republic of Congo produced 282,661 b/d in March, just above OPEC quota
The Republic of Congo pumped above its OPEC quota in March, producing 282,661 b/d of crude, a marginal increase from the previous month, according to a senior official from the country's hydrocarbons ministry.
- NWE 0.1% gasoil at 2-month high on low production, weak demand
The Northwest Europe 0.1% gasoil cargo market's relative value has risen to a two-month high amid lower availability for finished grade products and despite poor demand, sources said.
- OIL FUTURES: Crude oil, fuel prices dip as US gasoline stocks spike
Both crude oil prices and fuel benchmarks dropped slightly April 7 following the news that US gasoline inventories rose by greater volumes than commercial crude stocks fell in the week ended April 2.
- NWE jet fuel cargoes hit two-and-a-half month high despite bearish fundamentals
Cargoes of jet fuel trading in Northwest Europe strengthened to a two-and-a-half month high versus front-month ICE low-sulfur gasoil futures on April 6, with stocks having been drawn down amid lower eastern arrivals in the first half of April, as well as very limited regional production and a marginal increase in consumption.
- Argentina launches incentive program to raise oil production, exports
Argentina launched an incentive April 7 to spur oil production and exports, allowing companies making new investments of more than $100 million to freely use 20% of their export proceeds.
- VGO loadings from Russia's Tuapse down at 90,000 mt in April
Vacuum gasoil exports from the Russian Black Sea port of Tuapse will consist of three cargoes of 30,000 mt each in April, one cargo fewer than in March, according to a copy of the program seen by S&P Global Platts April 7.
- US DATA: EIA says Gulf Coast ULSD stocks see largest regional week-on-week build
Ultra low sulfur diesel inventories on the Gulf Coast saw the largest regional week-on-week build in the US, rising 1.07 million barrels to 45.51 million barrels during the week ended April 2, US Energy Information Administration data released April 7 showed.
- Japan's ENEOS raises wholesale product prices by Yen 1,000/kl: sources
ENEOS, Japan's largest refiner, has raised the domestic wholesale base prices of its five major rack petroleum products by Yen 1,000/kiloliter ($1.45/b) for the period April 8-14 for cargoes loaded by tanker truck, sources said April 7.
- OIL FUTURES: Crude prices swing back up after release of Biden tax plan
Crude oil prices swung back up on April 7 following the release of US President Biden's tax plan that would end some fossil fuel subsidies, after oil prices had traded down for most of the day on pandemic concerns and rising US gasoline stocks.
- Hydrogen Europe targets EU state-aid rules to develop nascent markets
Industry group Hydrogen Europe has called on the EU to provide integrated, holistic infrastructure and market frameworks for the development of the hydrogen economy in Europe, saying a reform of state-aid rules should be considered in the early stages.
- Reliance, Chart lead coalition to form India hydrogen alliance
India's Reliance Industries, US-based Chart Industries and a host of global energy and industrial companies have joined to form an energy transition coalition to commercialize hydrogen technologies to build a net-zero carbon economy in the world's third-biggest emitter.
- USGC high sulfur fuel oil buying spree pushes market to premium to swap
The start of April on the US Gulf Coast has seen a flurry of buying activity for HSFO after one of the quietest months on record.
- Iran confirms ship blast in Red Sea involving 'logistics vessel'
The explosion -- a second recent on an Iranian vessel -- is one in a spate of maritime incidents involving ships in Middle East waters. It comes amid a new round of talks in Vienna to revive the nuclear deal abandoned by the US.
- EU's carbon border mechanism could face challenges, delays
**Industrials face choice between free allowances and border charges **Issue could take 5-7 years to agree: energy lawyer **WTO now more open to carbon border measures: economist
- Tuapse April fuel oil exports down on month at 480,000 mt
March saw 510,000 mt loaded, unchanged from volumes seen in February.
- FUJAIRAH DATA: Oil product stocks rise on week led by record jump in fuel oils
**Fuel oil diverted from Singapore **Fujairah marine fuel at discount again
- Sinopec eyes 15,000 mt/month LSFO production
Sinopec has been ramping up LSFO production since Beijing allowed a value added tax rebate on domestically-produced low sulfur fuel oil barrels that are supplied to the country's bonded zone from February last year.
- JAPAN DATA: Apr 3 oil products stocks dip 0.5% on week to 59.29 mil barrels
Middle distillates stocks edged up 0.2% on the week to 27.64 million barrels.
- JAPAN DATA: March 28-April 3 oil product exports rebound 6% to 2.71 mil barrels
Low sulfur fuel oil exports slid 17% on the week to 236,133 barrels in the week ended April 3, while high sulfur fuel oil exports rose 14.2% on the week to 749,900 barrels.
- JAPAN DATA: March 28-April 3 oil products output drops 8.3% on week
Local refiners cut output of low sulfur fuel oil by 15.7% on the week to 0.60 million barrels in the week to April 3, while their output of high sulfur fuel oil decreasing 2.6% on the week to 1.17 million barrels.
- JAPAN DATA: March 28-April 3 crude throughput drops 5%, run rates fall to 69.5%
Japan's crude stocks dipped 0.6% on the week to 64.31 million barrels on April 3.
- Japan Apr-Sep Marine Fuel 0.5%S term ex-wharf done at levels similar to year ago
"At the same time last year, the market was pessimistic because of COVID-19, but after that, demand has recovered. I think the demand and supply balance will not change so drastically [in this coming six months]," a source at a refinery said.