|JANUARY 12, 2021|
- Hong Kong prohibits vessels which have visited South Africa or UK in the past 21 days
- ICC International Maritime Bureau highlights benefits of joining IMB NVOCC Register
- DGTR recommends continuation of anti-dumping duty on phthalic anhydride from Russia
- Exports show impressive growth in new year
- Main issues regarding RoDTEP (Refund of Duties and Taxes on Exported Products) highlighted in a representation by Export Promotion Council for EOUs & SEZs (EPCES) to the Finance Minister, Commerce and Industry Minister and to the RoDTEP Committee
- JNPT attains multiple operational highs in Dec.
- Sri Lanka seeks investor to complete Colombo Port's East Container Terminal
- Air cargo demand improves in Nov.; capacity remains constrained
- Govt issues guidelines for packaging & transportation of Covid-19 vaccines by air
- ICD Durgapur connects eastern India with JNPT
- Minister seeks completion of dedicated freight corridors by June 2022
- India's real GDP seen growing by 10.1 pc in FY22
- DP World lays foundation stone for Free Trade Zone in Mumbai
- Ministry of Coal launches Single Window Clearance Portal
|JANUARY 13, 2021|
- New joint shuttle service
- Perfect storm pushes DHL's results
- DHL Global Forwarding strengthens team
- Brussels airport at the crossroads
- More alternatives for sustainable rail transport
- Swissterminal banks on France
- Geodis takes next step in USA
- Röhlig Logistics picks manager for global air freight
- ONE's two new services
- Electric locomotives from China
- Airbus delivers 566 aircraft, suspends A330F
- Coffee service powered by TST
- Pelichet appoints international director
- "Curiosity of the Day"
- Sky Lease must pay USD 422,000
- Scrapping premium only with turn-off assistant
- Regional Container extends intra-Asian network
|JANUARY 12, 2021|
- FAA guilty of 'lapses' in Atlas Air safety oversight and 'failed leadership'
- Scrapping plans abandoned as 'aggressive' box carriers hunt available tonnage
- Geodis the latest forwarder to dip its toe into the charter waters
- Lufthansa first to apply surcharge on cargo trucked from UK to EU airports
- European road freight capacity falls dramatically post-Brexit, pushing up rates
- US 'parcel tsunami' shifts into reverse gear with record post-Xmas returns
- Munich's Transport Logistic 2021 cancelled - online conference takes its place
- Atlas snaps up last four 747-8Fs as DHL Express orders eight 777Fs
- Malcolm Wilson to be CEO of spin-off contract logistics unit XPO NewCo
- Training specialist Carl Hobbis joins BIFA board as executive director
- Supply chain radar: The drama unfolds - spare a thought for the shippers
- Against the odds: All eyes on Zim as CMA CGM doesn't blink
|JANUARY 12, 2021|
- Ingalls starts fabrication of DDG 129
Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division officially started fabrication of the Arleigh Burke-class (DDG 51) destroyer Jeremiah Denton (DDG 129), January 7. The start of fabrication signified that the first
- MSC joins Hydrogen Council
As shipowners continue to eye their future fuel choices, container shipping giant MSC (Mediterranean Shipping Company) has joined the Hydrogen Council as a steering member, aiming to foster cross-sector collaboration that will
- Holland Shipyards Group to build three more hybrid ferries for Kiel
Germany's Schlepp- und Fährgesellschaft Kiel (SFK) has exercised a contract option with Holland Shipyards Group to build three additional hybrid ferries. The design of the new ferries will be in line with
- Louis Dreyfus wins another CTV contract
France's Louis Dreyfus Armateurs and its U.K.-based partner Tidal Transit have won another offshore wind Crew Transfer Vessel (CTV) services contract for the Saint Nazaire offshore wind farm. It follows the two-CTV
- Carnival to offset marine lubricant CO2 emissions
Carnival Corporation, which, as we reported yesterday, is working towards resuming operations over the course of 2021, has awarded Shell Marine a multi-year lubricants contract for its global fleet of 89 ships.
- AWO's Jennifer Carpenter to speak at TTB
Jennifer Carpenter, president and CEO of the American Waterways Operators (AWO), will be among the industry leaders speaking at Marine Log's upcoming TTB-Tugs, Towboats, & Barges conference, which this year will be
- Autonomous freight ferries will feature Schottel propulsion systems
The two autonomous RO/RO freight ferries on order for Norwegian grocery distributor ASKO will have Schottel propulsion systems. As we reported earlier, the vessels are being built at Cochin Shipyard (CSL) in
|JANUARY 12, 2021|
- Port of Charleston on course for 22% import surge in first half
Looking ahead, the January GPT projects an 8.5% gain in imports between December and May versus the six months between...
- Tanker earnings downgraded for 2021 to half of cash breakeven levels
Resurgence of coronavirus infections arrests nascent recovery in oil demand growth that is said to have 'profound negative impact' on...
- Wakashio stern removal to be completed in April
The final salvage plan is being agreed by Mauritian authorities, vessel owner says. Work is expected to start next month
- LNG spot rates at $350,000 as fleet dries up
Brokers are looking at LNG chartering deals worth around $350,000 per day but the lack of available ships means a...
- Deal with Pistiolis heralds VLCC debut for TOP Ships
Chief executive flips three MR newbuildings to compatriot owner Eastmed after acquiring them in complex tanker swap
- Mental hygiene: The science behind seafarer resilience
As the importance of mental hygiene becomes better understood, specialists are offering to help crews at sea and staff ashore...
- Union Maritime acquires two capesizes
Move is eye-catching as the company's existing presence in dry bulk comprises three ultramaxes
- Scorpio declares option to sell Ocean Yield ultramax
Ocean Yield said it would receive proceeds of about $20m and record a small book profit from the sale
- Hapag-Lloyd boxship boarded off Colombia
The Hapag-Lloyd panamax boxship Dusseldorf Express was reportedly boarded off about 40nm south west of Cartagena
- Euronav joins call for action on crew change crisis
A new Global Maritime Forum task force to tackle the ongoing crewing crisis has secured Euronav as a signatory, adding...
- Maersk's new Asia Pacific head sets sights on customer longevity
The former Asia Pacific chief executive of German logistic major DB Schenker is now in charge of Maersk's operations in...
- Economic Outlook: Vaccine rollout key to rebound in global economy
Coronavirus knocked trillions of dollars off global GDP last year and resulted in economic momentum shifting away from western countries...
- Marine insurance expert warns of 'very expensive year' for owners
'You might get a client who gets a 5% increase in their hull rate. But that could be coming on...
- Daily Briefing
Free to read: Widening fuel spreads will benefit scrubber users | Shippers warned to prepare for bunker surcharge increase |...
- Dry bulk and tanker markets face challenging year
A key question for bulker owners is the extent to which fleet inefficiencies will continue to distort vessel supply-demand balances, SSY...
|JANUARY 12, 2021|
- US Chamber sees major infrastructure spend within grasp
- Quebec awards $43 million to planned Montreal terminal
- Port of Wilmington gains Scoular export business
- Import surge, labor shortages worsen LA-LB congestion
- Outlook 2021: Forwarders face technology investment crossroads in 2021
- Green fuel powers Amsterdam-LAX air cargo route
- US intermodal growth will likely slow later in 2021
- Outlook 2021: Runaway demand to push US intermodal pricing higher
|JANUARY 12, 2021|
- NYK Line makes breakthrough into LNG regasification sector with PNG deal
- New lockdowns will have 'profound' effect on suffering tanker market, Cleaves says
- Louis Dreyfus wins second wind farm newbuilding contract
- Former Shell man admits Singapore bunker tanker oil theft
- LNG carrier rate assessments rise as Asia battles big freeze
- Tsuneishi Zhoushan wins feedership order from Taicang Line
- Tanker prices have further to fall after taking 15% hit since April
- Scrap prices tipped to breach $500 barrier as interest spirals
- Shell and Trafigura take product tankers on period deals to kick-start 2021
- Sovcomflot wins Total charter to back LNG carrier order
- Scorpio Tankers pulls liquidity lever with $75m bonds add-on filing
- Boxship giant Atlas Corp fills CFO role with ex-Maersk man Graham Talbot
- Stowaway bees give sulphur carrier crew sweet parting gift
- Meghna Group splashes out $102m on ultramaxes at Yangzijiang Shipbuilding
- Maran VLCC and Sinokor VLOC kick-off Bangladeshi demolition derby
- Euronav signs Neptune Declaration calling for seafarer vaccine jabs
- Zim's asset-light IPO strategy might not be as watertight as outfit and analysts think
- MOL and Uniper put supersize FSRU project newbuilding on ice
- Shuaa Capital-led consortium buys $308m Stanford Marine debt facility
- Yangzijiang a 'deep value' candidate to be taken private, says DBS
|JANUARY 12, 2021|
- Atlas Air, DHL Express buy large Boeing freighters
Boeing is pulling the plug on its 747-8 production line, and Atlas Air is snapping up the last planes. DHL Express is also ordering 777...
|JANUARY 12, 2021|
- Crude hits fresh 11-month highs as US dollar rally falters
EIA revises crude price forecast higher in monthly Short-Term Energy Outlook.
- Russia's Transneft expects Kazakh oil transit to return to normal Jan 12
**Cold weather continues to disrupt loading in Siberia
- Singapore Airlines Dec passenger demand points to recovery in air travel
**Group's passenger airlines add 46% more capacity on month in Dec **Jet fuel prices recover on positive vaccine sentiment **SIA expects passenger capacity around 25% of pre-COVID level by end-March
- TENDER DATA: Petroecuador offers 570,000 barrels fuel oil No. 4
Petroecuador last awarded a fuel oil no. 4 tender for September loading to Trafigura at a $1.75 discount to the same pricing basis.
- Aon launches insurance for spikes in aviation, marine fuel costs
First cover of this sort for large consumers of fuel.
- Weak tanker market in Europe weighs on fuel oil demand
Reduced refinery runs in Europe are limiting availability of 0.5%S marine fuel.
- Citi sees Brent above $60/b by late 2021 on Saudi cuts, OPEC+ action
Citibank expects Brent crude to rise to above $60/b by late 2021, as it sees Saudi Arabia's recent surprise output cuts and broader of OPEC+ action removing an additional 1.1 million b/d from global markets above its previous Q1 forecast.
- REFINERY NEWS ROUNDUP: Russia's 2020 throughput down 5.3%
Russian refineries processed 23.065 million mt (about 5.4 million b/d) of crude in December, down 7.4% year on year but up 3.5% from November, according to energy ministry data.
- Libya's El Sharara crude to load 7.16 mil barrels in February
Some 10 cargoes of Libya's El Sharara crude are set to load in February, according to a copy of the preliminary lifting schedule seen by S&P Global Platts Jan. 12.
- Six cargoes of Libya's Sarir/Mesla crude blend to load in February
Loadings of Libya's Sarir/Mesla crude blend will total six million barrels in February, according to a preliminary copy of the loading schedule seen by S&P Global Platts on Jan. 12.
- Libya's Mellitah crude loadings at 107,143 b/d in February
Loadings of Libya's light, sweet Mellitah crude will average 107,143 b/d in February, according to a preliminary copy of the loading schedule seen by S&P Global Platts on Jan. 12.
- European VLSFO crack hits 10-month high on tight supply
**0.5%S marine fuel crack up $1 in past week **Weak supply supporting prices: sources
- Japan's power supply tightened on low LNG stocks amid severe cold spells: METI minister
**JERA, Kansai, Kyushu procuring extra LNG **Asia LNG spot price hits record high **J-Power to restart coal-fired unit on HSFO as emergency response
- SPAIN DATA: Retail fuel withdrawals down 25% in 2020
**Q4 volume shows small pick-up from Q3 **Kerosene demand down 73% in Q3, Q4 **Diesel demand more resilient than gasoline
- CPC crude loadings ex-Novorossiisk up 1.6% on month at 1.26 mil b/d in Dec
**2020 average loadings down 6.6% on year to 1.28 mil b/d
- OIL FUTURES: Price continues to rise as stock draws seen after OPEC+ cuts
Crude oil futures were higher in early afternoon trading in Europe on Jan. 12, as bullishness around the supply and demand balance in 2021 took hold in the face of global vaccine roll-outs and significant OPEC+ production cuts.
- TENDER DATA: Kuwait's KPC buys 80,000 mt HSFO for late-Jan delivery
This is the third such cargo KPC has purchased in the last month to meet power generation demand from its domestic utilities sector, while its Mina Abdullah refinery, which normally supplies fuel oil, is undergoing upgrading work.
- TENDER DATA: India's HPCL offers low viscosity fuel oil from Mumbai for Jan 21-23 loading
The company last sold 21,000 mt of 125 CST HSFO with 3.8% maximum sulfur for loading over Dec. 8-12 from Mumbai to Total, at a discount to the MOPS 380 CST HSFO assessments, market sources said.
- China's partial lockdowns to have limited impact on oil product demand in Jan-Feb
**Strict measures prevent spreading **Jan-Feb demand to recover to 2019 levels **Sale slow slightly but throughput unchanged
- Ice conditions at northern Chinese ports increase shipping risks
**Northern Chinese ports facing fuel shortages **Ice condition in Bohai, Huanghai sea area developing
- China's Zhoushan port targets 27% bunker sales growth in 2021 despite headwinds
VAT rebate on fuel oil, efficiency boost bunkering prospects.
- TENDER DATA: Sri Lanka's Lanka IOC buys marine fuel 0.5% for Jan 25-26 delivery
Lanka IOC occasionally seeks marine fuel 0.5% volumes from the spot market via tender to meet bunker demand at Trincomalee. The company last purchased a similar quantity for delivery over Jan. 10-14 from Mercuria, S&P Global Platts previously reported.
- INDIA DATA: December fuel oil consumption records highest level in 2020
Continuing the recovery in demand, latest consumption data released Jan. 11 by India's Petroleum Planning and Analysis Cell showed December 2020 recorded the highest consumption of fuel oil last year at 559,000 mt, an 8.54% increase on the month, although still 11% lower on the year.
- TENDER DATA: S Korea's EWP seeks LSFO for late Jan delivery
Korea EWP has boosted its LSFO purchases since December because South Korea plans to shut nearly 16 out its 60 coal-fired power plants for three months from December to help reduce air pollution.