|OCTOBER 12, 2021|
- Singapore to launch notation recognising shipowners & operators who voluntarily incorporate solutions to drive digital transformation, strengthen cyber security
- Swire Group joins Maersk Mc-Kinney Møller Center for Zero Carbon Shipping as strategic partner
- Tea export earnings up in H1
- APM Terminals Pipavav recognised for leadership in community support & development
- DPT holds road show on e-Dristhi project
- JNPT records exceptional 40.40% growth in container traffic in H1 2021-22
- Retail imports seen higher without congestion at US ports
- V. O. Chidambaranar Port mulls establishing Multimodal Logistics Park
- BLR Airport emerges No. 1 in the country for perishable shipments in 2020-21
- Cathay Pacific wins award for next-generation track-and-trace solution
- CONCOR Q2 & H1 volumes (provisional)
- GDP seen growing at 8.7 pc in FY22, 10 pc in FY23: Fitch Ratings
- ACAAI's Managing Committee for 2021-22 takes charge
- Mumbai Port's future plans for transforming the logistics sector in Mumbai through multimodal connectivity
- Piyush Goyal calls for waiver of IPR & dismantling new trade barriers in global fight against pandemic
|OCTOBER 13, 2021|
- A terminal of its own in Ostrava
- A swan ready for takeoff
- Expecting record Q4/2021 for charters
- Lithium batteries new in Iata's CEIV family
- New Zealand's carrier relies on Swiss quality
- Eukor delivers LRV in Manila
- Buderus contracts Geis
- Auckland Airport picks Carrie Hurihanganui
- New partner expands heavy haulage network
- Two appointments in Jaxport
- Key criteria to choose Kaunas airport
- Lenton Group buys YCC
- UK: incentives for apprentice recruitment
- OOCL: another record result
- 40 lokos to convert to green powertrains
- "Curiosity of the Day"
- German delight for Chinese consumers
- Oren Poleg to head IAI North America
- Helping horses take the big jump
- More funds for Moldovan railways
|OCTOBER 12, 2021|
- Air cargo rates skyrocket again as forwarders scramble for capacity
- Ocean carriers under pressure target long-term contracts in febrile market
- Dutch group CSG invests in booming UK customs support market
- Willie Walsh: 'carbon emissions are the fossil fuel billionaires' problem'
- Air Canada grows transit flows as it prepares for arrival of freighter conversions
- MPV owners 'making hay while the sun shines', but 'sunset' looms
- Qoo10 logistics unit Qxpress buys Hong Kong's Korchina Logistics
- Intermodal pioneer Lars Hedderich steps down as MD of Eurogate
- Adrian Redmile and Dionne Redpath take a step up at Europa Worldwide
- Analysis: DSV - abandoned love
- Against the odds: Royal Mail's GLS - the allure of another 'GXO-like' spin-off
|OCTOBER 12, 2021|
- New storm clouds brew over Kings Point Sea Year
The U.S. Merchant Marine Academy's Sea Year training program is again receiving unwelcome attention. Back in 2016, the U.S. Maritime Administration (MARAD) suspended the program. This came as the academy looked to
- Skuld: Ship-to-ship transfers raise red flags
Mutual insurer Skuld notes that cargo trackers have noticed increased ship-to-ship (STS) transfers at sea, most commonly off Malaysia, Africa and in the Caribbean, as sanctioned countries such as Iran and Venezuela
- MAN and DP World to cooperate on decarbonization
Set to run for an initial five years, a newly signed cooperation agreement between MAN Energy Solutions and DP World targets common progress in the field of decarbonization. Mutual areas of interest
- Vineyard Wind firms up order for giant turbines
GE Renewable Energy reports that it has received an order from Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners, to supply Haliade-X turbines for Vineyard Wind 1, the
- Illinois International Port District appoints executive director
Erik Varela has been named executive director of the Illinois International Port District (IIPD.), an Illinois municipal corporation created to promote the shipment of cargoes and commerce through its facilities. "To truly
|OCTOBER 12, 2021|
- Capital Product lines up Greek bond to fund fleet expansion
Competitive pricing of first mainstream shipping bond in 2021 virtually guaranteed further interest from sector
- From lay-up to order boom: Car carriers race to replace flagging fleet
Global auto sales are still hobbled by the current supply deficit in microchips, but even with such headwinds pent-up cargo...
- Maersk suspends crew after rape allegation involving cadet
Maersk has suspended five crew and amid allegations a US Merchant Marine Academy cadet was raped on a containership in...
- Carriers have defence on bank claims where no bill of lading involved
'If the buyer is borrowing funds from the issuing bank, then when the bills of lading pass through the banking...
- Insurers face claims surge as transport sector recovers in China
As mega-ports and inland transportation routes speed up to meet global demand, the ongoing imposition of coronavirus restrictions is a...
- Fredriksen tightens grip on Avance Gas
The offer to buy Avance Gas shares at NKr43 per share ends on Tuesday. As it stands, Hemen Holding, a...
- Pandemic impact behind secondhand vessel price increase
'The days when owners would buy ships fresh from the yards, keep them for many years and trade them as...
- Chinese ports halt operations as cyclone approaches
Port closure comes as the global supply chain has yet to recover from the severe logistics logjam triggered by the...
- Støhle quits Höegh LNG to join Angelicoussis as deputy chief executive
Sveinung Støhle quits Höegh LNG after 16 years for 'unique opportunity' of senior role with Greece's largest shipping group
- Daily Briefing
Fredriksen becomes Euronav's largest external shareholder | Seafarer mental health is not just a pandemic panic | Shipping urged to...
- Northern Lights orders two CO2 carriers at Dalian Shipbuilding
The fresh tonnage will load captured and liquefied carbon dioxide from European emitters and transport it to the terminal at...
- Matson sees profits rising well into 2022 off China trade
Company expects conditions of supply-chain congestion, inventory restocking, peak season, and ongoing elevated consumption trends to remain largely in place...
- Politicians weigh into Southern California oil spill investigation
'The oil spill off the coast of Huntington Beach is an environmental disaster with far-reaching consequences for our fish and...
|OCTOBER 12, 2021|
- Transplace CEO predicts 'rapid' logistics consolidation
- Ag shippers fear lost business amid stressed peak season
- UP testing semi-automated cranes in Chicago
- Boxbay terminal storage concept approaching feasibility: DP World
- Top US ports urge Biden to encourage, incentivize extended gates
|OCTOBER 12, 2021|
- Bocomm strikes deal for eight ultramax newbuildings at Cosco Zhoushan
- Greek buyers and Japanese sellers lead sluggish tanker S&P market
- You can't go without being paid for months on end. Nor can seafarers
- Bulker owners plan to stay in the secondhand market
- Grimaldi Group boosted by record year for container division
- GasLog private placement wipes out troublesome bonds
- Cyclone Kompasu shuts down China's busy Yantian port
- Charter-focused Zim splashes out $240m to buy containership quartet
- Oslo broker and ship-type pioneer Ole Jacob Libaek dies aged 83
- More good news: Clarksons Research forecasts 3.2% seaborne trade growth in 2022
- COP26 fuels debate over IMO role at heart of shipping's carbon effort
- Converted VLOCs are quickly vanishing from shipping history
- After COP26, IMO to weigh calls for shift to zero-carbon goal
- Saga Shipholding sells two ageing open-hatch bulkers for demolition
- John Fredriksen's Euronav move likely a bet on tanker recovery
- Bulker sale boost pushes Meiji Shipping towards $20m profit
- Armed men tie up crew of bulk carrier held in drugs raid
- Maria Angelicoussis hires Stohle as her deputy in Greek shipowning colossus
- Petredec sells entire $67m Avance Gas stake to Fredriksen
- Here's what is at stake for shipping at COP26
- Gibson says large tankers to gain from boost to US crude exports
- Saurabh Mehrotra vows to repay $6m after crude deal went wrong
- UK Royal Navy to deploy warship to Gulf of Guinea
- Latsis offloads oldest gas carrier as Seven Islands breaks into LPG market
|OCTOBER 12, 2021|
- Cortes named to run Walmart's US transportation business
The former Keurig Dr. Pepper executive reports to Joe Metzger, chief supply chain officer.
- DOE/EIA diesel price rose this much only twice the past decade
Inventories are tightening, and the diesel gains are running stronger than crude.
- Aluminum can make better electric vehicles - Transmission
On this episode of Transmission, Grace Sharkey and Sebastian Blanco look at alternative metals for automotive production.
- How much do Waymo Via's autonomous trucks benefit from driverless cars?
Waymo autonomous truck engineering lead Boris Sofman makes the case that a decade of self-driving car efforts blazed the path to driverless trucks.
- Biden to meet with ports, labor on supply chain bottlenecks
Ahead of talks with President Biden, the ILWU is calling out foreign carriers' focus on profits as a hurdle to solving supply chain disruptions.
- Robotics provider highlights market opportunity - At Your Doorstep
Kaylee Nix looks at Tompkins Robotics' market strategy on this episode of At Your Doorstep.
- Ryder to close California distribution center
Ryder System is closing its operations in Tracy, California, where the company operated a distribution center for PepsiCo.
- Container shipping's 'hockey stick': Liner profits just keep on climbing
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
- Atypical career ladder: Harik, XPO's IT head, takes on its LTL business
The IT maven segues into an operations-driven role while keeping the CIO job.
- Wildfire shuts down highway in Southern California
Flames from a new California wildfire have forced the closing of more than 20 miles of U.S. Highway 101.
- Airline group launches certification program for lithium battery transport
All-cargo planes carry bulk shipments of lithium batteries under strict regulations. Airlines want to minimize mistakes that can cause a fire during flight.
- SONAR sightings for Oct. 12: 3 lanes to watch, shipper and carrier updates
Atlanta to Dallas rejection rates, consumer trends and contract spot rates are just a few things highlighted in Tuesday's report.
- Port of Charleston importing more consumer goods 'than ever before'
"By investing more than $2 billion in port infrastructure in recent years, we have the capacity to handle the influx of imports we are seeing...
- Shippers be nimble, shippers be quick - to survive
When the market shifts, flexibility is the key to acting fast and capitalizing on new opportunities. Despite this, many processes in the industry can be...
- Failing in the last mile? The problem may be in the middle mile
Many shippers struggle to succeed at last-mile delivery, often at the mercy of a delivery partner. But getting a handle on the middle mile can...
- Blizzard keeps trucking through Rockies
The first big Rockies snowstorm this season could delay truckers as well as operations at intermodal hubs and oil facilities (video forecast included).
- Untapped potential: Far too little freight on US waterways, experts say
"We have one of the world's greatest waterway networks, but we are barely using it."
|OCTOBER 12, 2021|
- October ICE LSGO delivery at 670 lots: ICE
Physical delivery against holders of the October ICE low sulfur gasoil futures contract, which expired at midday London time Oct. 12, amounted to 670 lots, or 67,000 mt, according to ICE data.
- Heating oil demand drives ARA gasoil to surprise parity with ULSD
Rising demand for heating oil for the coming winter season has pushed cash differentials for 50ppm gasoil barges in the Amsterdam-Rotterdam-Antwerp hub up to parity with 10ppm ULSD, an usual occurrence due to 50ppm's higher sulfur content.
- Delivered marine fuel 0.5%S spread between Singapore, Hong Kong narrows to four-month low
Oversupply of low sulfur fuel oil bunkers at the port of Hong Kong led to the delivered spread between Hong Kong and Singapore narrow to a four-month low Oct. 11, market sources said.
- TENDER DATA: Taiwan's CPC buys 80,000 mt LSFO for Nov-Dec delivery from Shell
CPC occasionally buys LSFO with maximum 0.3% sulfur on behalf of Taiwan Power Co., or Taipower, which consumes LSFO at its power plants. CPC also exports LSFO when it has stocks available.
- OIL FUTURES: Crude lacks direction as market looks to US inventory reports for pricing cues
Oil futures lacked direction Oct. 12, as the market looked toward US inventory numbers for next direction.
- RUSSIA DATA: Jan-Sep throughput at seaports rises 1.7% on year despite low oil volumes
There are signs that oil throughput could rise; Russian crude and condensate output increased by 2.7% on the month to 43.86 million mt -- or 10.72 million b/d -- in September, according to data released by the Central Dispatching Unit of the Russian Energy Ministry Oct. 2.
- Japanese utilities on cold winter alert after La Nina outlook
There is a 60% probability of having La Nina towards winter, but energy companies were not yet changing their winter fuels plans, market sources said Oct. 12.
- Port of Rotterdam's freight railway to close Nov. 2-7
The port authority and its project partner ProRail both declined to say if loading and discharge operations for shipping would be affected during the closure and which commodities would be most impacted.
- OIL FUTURES: Crude maintains uptrend as oil supply concerns remain
The latest oil price rise comes on the back of the OPEC+ alliance's most recent meeting in which members agreed not to expand oil supply further.
- UK's fuel delivery shortage 'remains serious' despite improving pump supplies
On Oct. 7, the PRA estimated that 12% of filling stations in London and the Southeast were dry, while 17% had just one grade of fuel.
- Gulf fiscal breakeven oil prices to drop in 2022 on higher crude output, govt spending: IIF
Saudi Arabia, the world's biggest oil exporter, will see its fiscal breakeven fall to $67/b in 2022, from $75/b in 2021.
- Scottish offshore wind consortium studies Orkney renewable hydrogen project
If successful, the proposed 2-GW West of Orkney Windfarm could supply renewable power to a hydrogen production facility at the Flotta Terminal, OWPL said.
- RUSSIA DATA: Jan-Aug oil product exports up 0.3% on year
Russia exports diesel, fuel oil and jet fuel to international markets, and recently started exporting gasoline to Northwest Europe for onward shipment to Africa and the Americas.
- REFINERY NEWS ROUNDUP: Some maintenance continues in Africa
Nigerian National Petroleum Corp. has called an emergency meeting with the oil workers' union Nupeng to starve off a strike by fuel truck drivers billed to commence Oct. 11, the state energy company's spokesman said.
- India's Adani Bunkering starts HSFO supply in Mundra, other Gujarat ports
Increased number of scrubber-fitted vessel in the water and Mundra's world class bunkering infrastructure has encouraged Adani to continue its legacy of market leadership with the strategic supply of HSFO at Mundra, the company told S&amp;P Global Platts Oct. 12.
- ANALYSIS: Global oil in floating storage rangebound amid backwardation, congestion
Currently, the global oil market price structure is unsupportive to would-be stores of crude and condensate.
- Operations at Russia's Black Sea port of Novorossiisk getting back to normal
Bunker operations have also been affected during the stormy weather.
- Consortium plans 700-MW blue hydrogen project in Thames with Scottish CCS by 2027
Project Cavendish aims to be operational by early 2027, capturing and storing 1.2 million mt/year of CO2.
- REFINERY NEWS: France's Feyzin offline apart from FCC after fire last week: source
Operations are likely to remain disrupted for at least a month, a source said.
- India's motor fuel demand to rebound in Nov, Dec as mobility picks up
The gradual rise in activity comes despite earlier concerns that the country could experience a third wave of the coronavirus, but while the country has seen a resurgence of COVID-19 cases in some areas, it was not yet severe enough to derail the overall recovery upswing, analysts told S&P Global Platts.
- Colombo delivered marine fuel 0.5%S premiums over 3-month low on lukewarm demand
The firming flat price and volatility in crude markers have led shipowners to hold off inquiries, industry sources said.
- Asian refiners set to cut LSFO output on higher gasoil, gasoline margins: sources
Low sulfur fuel oil components such as atmospheric residue and vacuum residue are now being used as feedstocks for residue fluid catalytic crackers and fluid catalytic crackers, instead of blending into low sulfur fuel oil, market sources said.
- Singapore Q4 delivered low sulfur marine fuel premiums steady from Q3 on tepid demand, ample supply
Quarterly term contracts serve as a key avenue for bunker sales, and lukewarm spot demand was currently keeping Singapore well-supplied with the IMO-compliant bunker fuel, traders said.