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08 March 2021 The on-line newspaper devoted to the world of transports 14:24 GMT+1




free news
Exim Indiaweb site
FEBRUARY 16, 2021
  • PIL appoints Goh Chung Hun as General Manager, Fleet Division
  • India's exports grow by 6.16 pc, imports by 2 pc in Jan.
  • APM Terminals Pipavav registers revenue increase in Q3
  • Petronet LNG to increase Dahej terminal capacity
  • CMA CGM launches specialised air freight division; buys 4 freighters
  • CSC unveils TURANT app for real-time temperature tracking of pharma shipments
  • More supply chain delays in the offing: Ocean Insights Report
  • CBIC issues SOP for suspension of registration on observance of discrepancies/anomalies
  • BCC&I's 10th edition of Annual Shipping and Logistics Conclave 2020-21 brings together key stakeholders
  • MOL announces merger of MOL Marine & MOL Engineering

free news
International Transport Journalweb site
FEBRUARY 17, 2021
  • Double-track solution?
  • Two power ladies underway in Germany
  • Masks from China, flowers from Kenya
  • AEO status in East Africa
  • Tragedy shows need for new standards
  • PIL appoints Goh Chung Hun
  • Oman Air goes fresh - and further
  • Hutchison Ports invests in Saudi Arabia
  • MNG maintains ties with Champ Cargosystems
  • 1.2 million t of CO2 saved
  • Saloodo! gains new CEO
  • BLG Logistics contracts
  • More services call London Gateway
  • "Curiosity of the Day"
  • Air cargo information for freight forwarders
  • Dachser restructures regional management
  • Track to "Titanium Valley" under construction
  • Port of Basel resilient in 2020
  • Rocking air cargo near Chicago

free news
The Loadstarweb site
FEBRUARY 16, 2021
  • Shipper credulity strained after 2M's last-minute Asia-Europe blanking
  • Truckers join protests in Myanmar adding to pressure on supply chains
  • Air Canada Cargo spreads its wings to build e-commerce and freighter fleet
  • Rhenus expands again, buying BLG Logistics freight forwarding network
  • ASL Aviation takes up option for 10 more 737-800BCFs - but for whom?
  • 'Trading with the EU becoming financially unviable for some firms', MPs told
  • Covid border delays could force Germany's car plants to close
  • Changes at Dachser ASL: Tobias Burger and Ralph Riehl new regional MDs

free news
Marine Logweb site
FEBRUARY 16, 2021
  • SAFE Boats adds to business development team
    Bremerton, Wash., based aluminum boats specialist SAFE Boats International reports that Mark Stott has joined it as Business Development Director for the U.S. Western Region for government customers and private/commercial customers worldwide.
  • Fairbanks Morse opens new service center
    Beloit, Wis., headquartered engine manufacturer Fairbanks Morse has opened its 8,000-square-foot Mayport Service Center at 950 10th Street, Building B in Jacksonville Beach, Fla. The facility represents a $350,000 investment and places
  • OPINION: Will Ferrell is right, Norway is a model for energy policy
    by Aaron Smith, President and CEO, OMSA Like most Americans, I spent the Monday following the Super Bowl thinking about the ads. What stuck in my mind was GM's ad featuring Will
  • Waterways Council names Dustin Davidson as Government Relations Director
    Bringing extensive Capitol Hill experience to the job, Dustin Davidson has been named Director, Government Relations of Waterways Council, Inc. Davidson most recently served as professional staff member for the House of
  • CRS issues update on Waterways Commerce Cutter
    The Congressional Research Service (CRS) has released an updated "In Focus" brief on the U.S. Coast Guard's Waterways Commerce Cutter (WCC) program, which envisages procuring up to 35 replacements for the Coast
  • Brunvoll to equip Van Oord cable layer
    The next generation cable layer recently ordered by Van Oord will have a complete propulsion and maneuvering system supplied by Molde, Norway, based Brunvoll AS. As we reported earlier, (see story) the
  • Shipping faces "safety gap" as it transforms
    A white paper released by classification society DNV GL identifies a looming "safety gap" between shipping's existing approach to safety risks and its plans for greater digitalization and the adoption of alternative

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Lloyd's Listweb site
FEBRUARY 16, 2021
  • Danaos reports 'outstanding turnaround' for the container industry
    Dr Coustas said market participants were 'caught by surprise as the chronic underinvestment in capacity coupled with a sudden resurgence...
  • Maersk sees continuing surge of imports at its North American terminals
    The Lunar New Year has resulted in 'no significant' slowdowns in demand out of Asia and there could be missed...
  • MR tanker rates rally on US cold snap
    Closures of US Gulf refineries restrict pipeline shipments to east coast, spiking product prices and opening up arbitrages
  • P&I clubs 'getting big rate rises' as renewal deadline looms
    'I'm told by my underwriting people that we are getting what we want, largely. I think we're doing it, I...
  • IMO working group to examine Gulf of Guinea piracy
    The International Maritime Organization will form a piracy working group at its Maritime Safety Committee session in May amid 'deep...
  • Dry bulk fundamentals attracting post-coronavirus investment, says Cleaves
    Cleaves Securities head of research Joakim Hannisdahl is very bullish about the dry market. He says generalist money is looking...
  • Does shipping need its own ammonia rules?
    The ability to safely use ammonia on ships will be a key factor for its success in the maritime industry...
  • Tankers upgraded on outlook for post-pandemic demand
    Tanker earnings seen as lacklustre until fourth quarter but asset and share prices have bottomed, says Norwegian investment bank
  • AI-powered platform aiming to improve ship efficiency
    Bearing has raised $3m from its two investors US-based AI Fund and Japanese conglomerate Mitsui & Co
  • Shipowners call for EU low-carbon fuel requirements on suppliers
    The European Community Shipowners' Association wants the European Commission to impose low-carbon fuel production targets on fuel suppliers and to...
  • ABB's data integration platform bridges digital gap
    ABB has worked across several industrial sectors. It found that digital silos is a common problem. The Ability Genix platform...
  • VLGC spot earnings fall 26% in a week
    A six-month time charter with further options and an Angolan tender for the second half of March should help revive...
  • Daily Briefing
    Free to read: Sanctions-busting shipowners exploit 'vulnerable' P&I Clubs | Renewal round 'not genuine hard market', says broker | Antwerp...

news on subscription
The Journal of Commerceweb site
FEBRUARY 16, 2021
  • Logistics failures costing business: US exporters
  • Forager launches cross-border load board
  • UP shuts down most of intermodal network for weather
  • Melbourne dock workers begin walkout actions to protest automation
  • Hapag-Lloyd predicts 'exceptional' Q1 on elevated demand
  • US inventory shortfall drives seemingly 'never-ending' peak season
  • Flexport tackles its PO management gap
  • No seasonal slowdown for air cargo demand

news on subscription
TradeWindsweb site
FEBRUARY 16, 2021
  • Boost to bulker markets expected from fast-growing Chinese demand for grains
  • Icy conditions see panamax bulkers fixed at red-hot rates, FFAs sizzling
  • Eneti selling last two Ocean Yield-owned ultramaxes in wind shift
  • Bunker Holding sees rejigs at subsidiaries, group level
  • Hapag-Lloyd profits to soar but tones down expectations for 2021
  • Market upturn gives shipping companies a chance to show they are investible
  • AIDA Cruises to start sailing again in late March
  • As bulker shares climb, asset prices will likely follow, says Cleaves
  • DNV GL warns of looming 'safety gap' from new technologies
  • Seanergy Maritime buys 12th capesize amid improving market
  • Danaos Corp's profit jumps 28% amid 'outstanding turnaround'
  • Isabelle Durant to lead Unctad until permanent secretary general appointed
  • Legal dispute rages in Puerto Rico crash of Norwegian Cruise Line ship
  • Shipping figures look for a way into the blank-cheque game
  • Spacs are all the rage for investors - but can shipowners get a slice?
  • Oaktree and Macquarie eye ship lease expansion after 'unique' finance deal
  • Project seeks to cut crew on coastal ship as young reject on-board jobs
  • Ocean Yield facing Indian court battle over FPSO tax claim
  • Bulkseas Marine sells panamax as scrap prices inch back up in Bangladesh
  • Tackle the crew-change crisis or risk labour shortage, Jamaican official says
  • Chemnav and fellow Greeks shed ageing suezmaxes in fleet renewal
  • V.Ships to crew world's first LNG-fuelled fast ferry
  • SNAM invites interest on FSRU for Sardinian project
  • Meiji Shipping emerges as buyer of Shell's secondhand LNG carrier duo
  • Total ties up Minerva LNG carrier newbuilding in multi-year deal
  • Older tankers to reduce speed by up to 35% to meet EEXI rules, Alafouzos says
  • Arne Fredly in talks to save Axxis Geo as it files for court protection
  • PIL appoints former MPA man as fleet division general manager
  • Bid deadline extended in $544m battle for Shipping Corp of India
  • Mother and daughter arrested after posing as yard owners to sell vessels
  • Small panamax boxship breaks record in sleepy Oslo port
  • Carbon reset gives boxship owners a chance to reinvent their business
  • 'The time for cover is over': bullish Okeanis bets on tanker spot market
  • Astoria, the oldest cruiseship afloat, will go under the hammer on Friday
  • US seizure of crude aboard Marinakis VLCC an 'act of piracy', says Iran
  • Sohmen-Pao sees role for Singapore as maritime decarbonisation hub
  • Seaspan 'one of very few' that could have sealed 10-ship LNG-fuelled boxship order

news on subscription
American Shipperweb site
FEBRUARY 16, 2021
  • Shipping stocks are suddenly revving up across the board
    It's not just container stocks rising. Shipping stocks are up for everything from bulkers to tankers to gas carriers.
  • Amazon Air paves way for third-party delivery
    Amazon is an e-commerce rocket ship. Making those deliveries possible is Amazon Air, which is growing so fast it could make it possible for more...
  • Career Tracks: Plug Power charts growth with new CMO
    Preeti Pande, the hydrogen solution provider's chief marketing officer, comes with extensive fuel cell industry experience and a Ph.D.

news on subscription
The Bunker Bulletinweb site
FEBRUARY 16, 2021
  • Contango in prompt LSGO hits narrowest level in 11-months despite low demand
    The contango in prompt ICE low sulfur gasoil futures reached the narrowest level in 11 months on Feb. 15 at 75 cents/mt, as lower supply helped to balance low demand in the European distillates markets and the energy complex remained buoyed by vaccine hopes and OPEC+ cuts.
  • VLGC rates in steepest freefall in two decades, hopes on return of Chinese LPG trade
    Very Large Gas Carrier, or VLGC, rates extended their sharpest freefall in around two decades to seven-month lows at $37/mt, S&P Global Platts data showed, with more short-term downside seen, on low shipping activity and a closed Western arbitrage, shipping sources said Feb. 16.
  • Only scrubber-fitted VLCCs seeing positive earnings as bunker prices spike: sources
    The rising discounts high-sulfur fuel oil is enjoying over its low-sulfur cousin have resulted in a clear two-tier market for Very Large Crude Carriers, where tankers with scrubbers are showing daily earnings, while those without are running into losses, market participants said Feb. 16.
  • Glencore gets pandemic trading boost despite weaker volumes
    Mining and commodity giant Glencore posted a 41% jump in trading earnings for 2020 as a spike in market volatility during the upheaval caused by the COVID-19 pandemic offset a slide in its traded volumes of oil and metals.
  • Baltic Sea ice-class Panamaxes shatter 14-year records for time-charter rates
    Time-charter rates for Panamax and post-Panamax dry bulk ships were heard fixed in the market at $100,000/d or more Feb. 16, causing a stir among market participants.
  • IMO 2020 has 'changed attractiveness' of Suez Canal bunkering: ports consultant
    Some 18,000 ships passing through Egypt's Suez Canal every year are using the Europe/Mediterranean region and Houston to fuel up after the introduction of the International Maritime Organization's low sulfur fuel mandate last year "changed the attractiveness" of Suez Canal bunkering, according to a ports consultant.
  • European 0.5%S marine fuel crack hits double figures on run cuts, eastern demand
    The European 0.5% sulfur marine fuel crack hit double figures Feb. 15 for the first time since Feb. 20 last year, as reduced refinery runs continued to constrain availability while a pull of product eastward added pressure on supply.
  • US Gulf Coast refined product prices jump as subfreezing weather shuts refineries
    Extreme cold weather is wreaking havoc along the western Texas Gulf Coast, as record-high demand for electricity is creating power shortages, shutting down refineries and petrochemical plants, while sending market players scrambling for internet access as power outages rotate throughout the region.
  • Global oil prices, more than improved demand, push Latin America bunker values
    The strength seen in Latin America bunker fuels so far in February is mainly related to advances in global oil markets, as major regional hubs, such as Panama and Brazil, have risen in tandem with those international markers, according to S&P Global Platts data and market sources.
  • US crude inventories likely lower as refinery runs hold, exports grow
    US crude inventories likely continued to fall in the week ended Feb. 12, as refinery runs were stable while crude exports climbed, analysts surveyed by S&P Global Platts said Feb. 16
  • OIL FUTURES: Refined products lead complex higher on Texas outages
    Petroleum futures settled higher Feb. 16, as frigid temperatures cut into refinery operations and oil production in Texas.




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