|OCTOBER 19, 2021|
- Railway wins climate leadership award
- Cargologic adds vehicle and GSE maintenance
- ATC adopts Awery e-booking solution
- Imperial banking on natural-gas trucks
- Joint venture in Thailand
- Winners of women's railway innovation prize
- Barcelona's first nine months in 2021
- A good quarter for J.B. Hunt
- Anniversary train on Brenner route
- China Navigation changes its brand
- Global cargo chair for Swissport
- All stakes in Irish helicopter lessor in one hand
- "Curiosity of the Day"
- Plug-in-hybrid truck (also) runs for research
- Another Amazon gateway in PNW
- Hermes expands India product team
- Breaking ground for C3
- Bonds for Savannah
|OCTOBER 18, 2021|
- No end in sight for China power crisis as pressure grows on supply chains
- Missed port calls a headache for feeder operators as stranded containers pile up
- Schiphol takes a battering from critics, but stands firm on slots, prices and SAF
- LaserShip advances national parcel network ambitions with OnTrac takeover
- New focus on cargo will be 'a permanent structural shift' for airlines
- AAL opts for multipurpose newbuilds despite lucrative demand for boxes
- Alibaba bought into parent of new ocean carrier Transfar Shipping
- Sahar Rashidbeigi to spearhead APMT's carbon-neutral transition
- M&A radar: Bolloré Africa Logistics sale - one for CMA CGM, DP World, or...?
- On the wires: JB Hunt skyrockets - enter the 'knocking on doors' effect
|OCTOBER 18, 2021|
- DNV: EU has tough new shipping GHG regulations in the works
Get set for new European Union GHG regulations for all ships calling EU ports. Just how tough and how soon? An explainer from classification society DNV says that the regulations will come
- Empire Offshore Wind selects giant 15 MW Vestas turbines for two NY wind farms
Empire Offshore Wind, a joint venture between Equinor and BP, has selected Vestas as its preferred supplier for wind turbine generators for both the Empire Wind I and Empire Wind II wind
- Pipeline spill investigators board MSC box ship
U.S. Coast Guard and National Transportation Safety Board (NTSB) marine casualty investigators boarded the 14,028 TEU containership MSC Danit on Saturday, in the Port of Long Beach. Prior to the visit, U.S.
- Detyens wins $8.9 million cable layer contract
Detyens Shipyards Inc., North Charleston, S.C., has been awarded an $8,991,045 firm-fixed-price contract for a 90-calendar day shipyard availability. The work to be performed provides for services for the regular overhaul and
|OCTOBER 18, 2021|
- Gunvor Group charters 'ultra-eco' gas carriers from Celsius Shipping
Ships marketed by Gunvor as the 'most efficient LNG vessels ever built'
- Decarbonisation proceeds should fund developing countries' ports
Ports in developing countries should receive a significant share of the funds raised by a carbon tax or cap-and-trade scheme...
- No relief in sight for struggling US supply chains
Carriers have laid on all available capacity to serve the US market. But congested terminals and shortages elsewhere in the...
- Boxships 'cheaper to buy than charter'
Two-year chartering rates equate to 73% of the price that container line CMA-CGM paid for its latest acquisition
- Maersk acts to clear empty boxes at clogged European ports
Service delays or ship diversions are not unusual, but container lines have never experienced such a prolonged period of disruption...
- AAL orders four heavylift vessels as market improves
Project cargo specialist AAL is ordering four 32,000 dwt multipurpose vessels, having bought six secondhand ships in the past. They...
- Shippers warned to brace for bafs
The lower fuel prices in the early phases of the pandemic have been reversed. Shippers will now have further costs...
- Zodiac exercises dual-fuel boxship option at DSME
Newbuildings were said to be the second batch of optional vessels exercised by the owner, which ordered a series of...
- Bocomm Leasing orders eight ultramaxes at Cosco yard
The 63,600 dwt eco-designed vessels, which cost about $31m each, will be delivered from 2023
- Cosco tanker unit launches VLCC pool
Owners, including Landbridge, Wah Kwong and Navios, have signed letters of intent to join the pool, which has also won the...
- Daily Briefing
FrontNav - a tanker giant 20 years in the making? | Don't scapegoat shipping for the world's just-in-time jitters |...
- Precious Shipping denies link to drugs found on bulker
Precious Shipping says drugs were found on Chayanee Naree on September 18 at a port in Brazil. Drugs were also...
- MOL eyes ammonia-fuelled main engine order
Agreement is expected to further instil confidence in the German engine maker, which is working on projects aimed at delivering...
- MSC vessel searched by US oil spill investigators
The coastguard believes that a ship's anchor could have hooked and dragged an underwater oil pipeline more than 30 metres...
|OCTOBER 18, 2021|
- SC Ports looks to add rail, transloading access
- Forwarders expect early Asia-Europe demand boost ahead of Lunar New Year
- Newsome to step down as SC Ports CEO
- FMC's scope in shipping crisis limited: Maffei
- US port congestion requires synchronized expansion of assets, hours
|OCTOBER 18, 2021|
- Marinakis family buys $6m more of Capital Product Partners
- Smaller bulkers hold steady while capesizes keep falling
- Dry bulk 'slump' helps push shipping stocks down for another week
- Hartmann-Abou Merhi fund breaks into product tankers
- Gas veteran Maurice Brand retiring from CNG start-up GEV
- Cosco Energy launches 'we pool, we win' VLCC venture amid tanker turmoil
- Macquarie strong on decarbonisation path but not a Poseidon Principles signatory
- 'Heavy fire': Iran claims to have fought off pirate attack on two tankers
- Shipowners lick their lips for US offshore wind farm bonanza
- Lomar taps Cotopoulis for chartering director as Hollamby steps back
- Europe's first seagoing fuel-cell driven ferry unveiled
- Nakilat nudges up its third-quarter profit as it cuts costs
- UOS offloads large anchor-handler to Icelandic state for $13m
- Top Ships sells modern MR2 duo to European buyers
- With playbooks 'rich in strategy', Greeks and Japanese sell capesize bulkers
- All seafarers evacuated after cargoship grounds in Taiwanese typhoon
- KCC eyes renewal after sealing first ever sale of combination carrier
- Socar trying to seize Palmali's assets after $245m arbitration awards
- Celsius Tankers charters out next LNG newbuilding quartet to Gunvor
- 'Identity theft' posing problems for shipping sanctions compliance
- Capesize bulker market continues to slide amid China's energy crisis
- ABS and Kongsberg Digital team up to improve vessel performance
- Log-In Logistica inks $85m containership duo with Chinese yard
- West of England sets 15% general increase for P&I as claims soar
- London P&I makes supplementary cash call on shipowner members
- Carnival's innovation leader appointed president of Princess Cruises
- Cyprus sets timetable to revamp maritime administration
- Cadeler scoops second wind farm deal as Van Oord books WTIV
- CSAV plans $450m debt-funded dividend on back of red-hot liner market
- West of England's fixed premium P&I business takes off
- MOL, IMC and Signal sign up to Singapore maritime start-up fund
- Marlow expands tanker management in tie-up with Clearwater
- VLGC rates to remain under downward pressure as US exports stall
- Berenberg launches ship mortgage funds to bring debt portfolio to $5.8bn
- Gard again goes for P&I gold, but some big names are struggling
- MSC Danit a 'party in interest' in California oil spill investigation
- Kim Heng lands windfarm installation contract in Vietnam
- Precious Shipping denies any links to drugs found aboard bulker in Nigeria
|OCTOBER 18, 2021|
- First containers, then dry bulk, now LNG shipping rates are spiking
The ocean shipping boom is spreading across vessel types. Spot LNG shipping rates just topped $150,000 per day.
- Biden nominates climate expert to lead Maritime Administration
Some are questioning President Biden's pick to lead the Maritime Administration for a lack of commercial shipping experience.
- Supply chain gridlock dominates Sunday talk shows
The Biden administration is pushing industry to take immediate and long-term steps to get ports and intermodal transport working smoothly.
|OCTOBER 18, 2021|
- INTERVIEW: Peninsula sees robust future for scrubbers amid high oil prices
- EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week
Arbitrage opportunities for LSFO lessened last week, according to traders, while the 0.5%S marine fuel complex was weak.
- OIL FUTURES: Crude rally continues as Brent rises to near three-year high
The bullishness in the crude market followed reports in the week ended Oct. 16 by OPEC and IEA confirming global supply shortages, improving mobility and an increased demand outlook.
- RUSSIA DATA: Jan-Sep crude, product port throughput falls 1.3% on year
Russian crude exports declined as a result of OPEC+ cuts and the impact of increased refinery runs in the country..
- Operations getting back to normal at Russian Black Sea port Novorossiisk
The renewed stormy weather affected loadings which had only resumed Oct. 12 following an earlier storm that started Sept. 27.
- Japan's METI minister will ask major Middle East oil producers to hike crude production
The rare move will come after Prime Minister Fumio Kishida directed Chief Cabinet Secretary Hirokazu Matsuno earlier in the day to have the METI minister and other cabinet members coordinate Japan's response to soaring oil prices.
- Bunker sales in Panama mostly stable in September; VLSFO recovers
Total bunker sales in the hub -- comprising 0.5%S, marine gasoil and high sulfur IFO 380 -- fell to 388,027 mt, a drop of 0.2%, or 613 mt, compared with August, Panama Maritime Authority data showed.
- Asia residual fuels: Key market indicators for Oct 18-22
Soaring gasoil and jet fuel values are driving Asian refiners to produce more middle distillates, resulting in a cut in fuel oil output.
- CHINA DATA: Sep crude throughput dips to 17-month low at 13.7 mil b/d
China's September crude oil throughput extended its downtrend to dip 0.7% from August to a 17-month low of 13.7 million b/d amid a slow down in the economy and product destocking activity, data from the National Bureau of Statistics showed Oct. 18.
- Fujairah delivered marine fuel 0.5%S premium at near seven-month high amid strong demand
The firming demand for spot delivery of the International Maritime Organization-compliant bunker fuel has stretched barging capacity and cargo availability at the Middle Eastern port of Fujairah, traders said.
- Singapore-Fujairah delivered 0.5% sulfur marine fuel spread near 5-month low
While bunker barges at Fujairah were busy on the back of firming demand for the International Maritime Organization-compliant bunker fuel, a short-term tightness in cargo availability appeared as a result, traders said.