|OCTOBER 20, 2021|
- Container rates on key trade lane at much lower level: Report
- Containerships at anchor in English Channel a regular sight
- Coal imports down in August, up for first 5 months
- AD Ports Group reports strong revenue & volume growth in H1
- Antwerp Port continues growth; shines in containers, reefer, break-bulk
- APM Terminals appoints Head of Decarbonisation
- A.P. Moller-Maersk enters into strategic partnership with major food products exporter for global end-to-end logistics
- DP World launches CARGOES Logistics: A single window digital solution for smart logistics
- Freight forwarders remain committed to deliver despite the challenges
- Gati Shakti seen as a game changer for India's infrastructure
- Global supply chain crisis seen getting worse
- Task Force on container shortage & freight rates meets to review progress; highlights measures taken
- IMF sees India's GDP growing by 9.5 pc in 2021 & 8.5 pc in 2022
- Recovery not seen as strong as initially projected
- Railways to establish 500 multimodal cargo terminals
|OCTOBER 21, 2021|
- US haulier invests in refrigerated transport
- Clipped wings
- Improved port access for trucks
- Alstom chooses Kanat Alpysbayev
- ONE for Oakland
- Trucks deliver 5,000 Italian delicacies to London
- Not only China, also Vietnam
- Hong Kong: double-digit growth
- CHI realigns cold chain solutions
- Another airport for Nigeria's agriculture
- More safety for vessels calling at Le Havre
- US manufacturer opens engineering lab in India
- Diffusion Alloys expands in Teesport
- "Curiosity of the Day"
- Geodis picks Jürgen Adler
- Global assessment of ferry sector's value
- Wingcopter and Synerjet form partnership
|OCTOBER 20, 2021|
- Maersk looks set to cut out freight forwarders to attract larger BCOs
- Opposition hits out over HMM $4bn surplus held in KDB low-interest accounts
- Air freight better at handling congestion and there are 'years of growth to come'
- 'Synchro-modality' the key to solving congestion problems at Europe's ports
- 'Get ready for full UK border controls in January' is the message to Europe
- Nine major shippers link up for collaborative move to decarbonise shipping
- Analysis: Kuehne + Nagel - another dose of M&A to hit the spot
- Snapshot: Charting CH Robinson's (reportedly M'rsk-led) M&A reaction
|OCTOBER 20, 2021|
- Wärtsilä and Solvang to retrofit vessel with carbon capture solution
Wärtsilä Exhaust Treatment and Norwegian ship operator Solvang have agreed to carry out a full-scale pilot of a carbon capture and storage (CCS) system retrofit installation on Solvang's 21,000-cubic-meter ethylene carrier, Clipper
- FERRIES 2021: Pace Ralli to speak on first zero-carbon, hydrogen fuel cell ferry
Speakers at Marine Log's upcoming FERRIES 2021 will include Pace Ralli, founder and CEO of SWITCH Maritime. On November 10, the second day of the conference, he will speak on the first
- Yanmar completes high-pressure hydrogen refueling test
Using a demonstration test boat equipped with a hydrogen fuel cell, Yanmar Power Technology (YPT) has conducted the world's first 70 MPa (over 10,000 psi) high-pressure hydrogen refueling of a vessel. The
- Singapore brings bribery charges against bunker trader and bunker fuel supplier
The Singapore Corrupt Practices Investigation Bureau reports that yesterday two men were charged in court for allegedly obtaining and giving gratifications in relation to the trading and supplying of bunker fuel. The
- OMSA forms new Workforce Development Committee
The Offshore Marine Service Association (OMSA) has announced the formation of the OMSA Workforce Development Committee and requested that its members nominate professionals to the committee. Like much of the international maritime
- SWITCH Maritime and Pasha line up clean fuel supply chains
West Coast Clean Fuels LLC (WCCF) reports that it has executed delivery service agreements to develop, permit, manage and operate the end-to-end clean fuel supply chains for two first-of-their-kind, decarbonized maritime operations--one
|OCTOBER 20, 2021|
- FuelEU rules open to abuse, say EU shipowners
Existing proposals create 'substantial loopholes and ultimately an enforcement minefield', says the European Community Shipowners' Associations
- Greece urges 'immediate' EU action on greener shipping research
Greece sets out its proposals for the green transition of the maritime sector to Brussels, underlining the need to find...
- Weekly Briefing: Box grinch forewarns festive relief | Tankers mull scale while gas burns bright | Dry bulk slides
Maersk rerouting a single containership away from Felixstowe was enough to resurrect the Christmas cancellation headlines - it's just not...
- This week in supply chain chaos
Freight rate volatility, the energy price crunch, and congestion adds to hot markets on niche trades
- Zim adds to asset-light approach with four boxship buys
Sales reflect buy-at-any-price philosophy of container lines as high charter rates make it cheaper to own
- Chaotic container freight market pushes out low-value cargo
Commodity products are no longer viable to ship on the spot market. K+N reduces volumes as it focuses on high-yielding...
- Capesizes near $60,000 per day as miners adjust iron ore output
The market for the largest sized bulk carriers inched up after briefly dipping below $60,000 per day in the previous...
- P&I club general increases 'unnecessary,' says Marsh
Cracknell brands GIs 'an anachronism in the modern world' that may result in more owners looking to switch club
- China Merchants launches commodity shipping platform
The move is part of efforts by China Merchants Group to create an industry ecosystem that will adapt to growing...
- Supply chain recovery fades further into the future
The pandemic exposed weaknesses in global supply chains. Getting cargo flowing again will not be simple, and will require luck...
- Cutting emissions will lead to fewer voyages, says study
A report by the International Renewable Energy Agency says reducing shipping activity, through optimisation and changes in consumer demand, is...
- Tanker newbuilding orders up 12%
Numbers dispel perception that levels have been low even as containership orders gain 780% on 2020 level
- Diana creates spin-off company for older vessels
Diana, which is injecting $1m into the new entity, will issue a cash dividend of $0.10 per share in connection...
- Daily Briefing
Hundreds of boxships held up by port delays | LNG carrier rates top $260,000 daily as arbitrage profits exceed $100m...
|OCTOBER 20, 2021|
- FourKites takes aim at shipper D&D challenges
- 'Chaotic market' could continue for another 12 months: K+N
- Disruption to shift US freight demand into 2022: J.B. Hunt
- Flock Freight joins growing list of $1 billion logistics tech companies
- Ruest leaves intermodal legacy and CN searching for new CEO
- Steadying container rates belie global volatility
- Container market to remain tight through 2022: Drewry
|OCTOBER 20, 2021|
- Capital Product Partners prices $150m in bonds at 2.65%
- Alexander Oetker: 'There will be Black Swans everywhere'
- Royal Caribbean International offers Ultimate World Cruise to 150 places
- US ponders using National Guard at ports to ease congestion
- KCC eyes renewal after sealing first ever sale of combination carrier
- Lomar taps Cotopoulis for chartering director as Hollamby steps back
- Celsius Tankers charters out next LNG newbuilding quartet to Gunvor
- Socar trying to seize Palmali's assets after $245m arbitration awards
- Berenberg launches ship mortgage funds to bring debt portfolio to $5.8bn
- Samsung Heavy scores $1.7bn shuttle tanker order
- Precious Shipping denies any links to drugs found aboard bulker in Nigeria
- Having a 7,000-mile supply chain is a 'risky proposition' for US commerce
- Mariner suicides and attempts rose during crew change crisis, advocate says
- Biden taps former Navy rear admiral as Maritime Administration head
- MSC Danit a 'party in interest' in California oil spill investigation
- Inmarsat appoints Ben Palmer to head its maritime division
- VLGC rates to remain under downward pressure as US exports stall
- Capesize bulkers take 2021's second largest one-week drop
- Cosco Shipping Investment Dalian marks shipowning debut with LPG carrier order
- IMEC opens cadet training programme in Ukraine
- Rio Tinto to ship less iron ore in 2021 due to labour squeeze
- Piracy levels continue to reach record lows, but IMB warns against complacency
- Pontoppidan exits board as Nordic Shipholding faces the end
- BSM partners with South Korea to tap young seafarer talent
- Xihe disposals continue as Ocean Pitta sold at bargain price
- AAL expands with newbuilds and more secondhand acquisitions
- Sam Pan orders up to 12 hybrid CTVs at Strategic Marine
- Former Bouchard ships again at centre of unpaid bills dispute
- California oil spill class action claim could hit marine market
- Penfield Marine sued by charterer over crew change diversion
- Analysts see Navios Partners as 'massive' cash hoover as $827m merger closes
- Yard boss Antonio Palumbo avoids jail after waste dumping conviction quashed
- Frangou rejects 'conglomerate' label for enlarged Navios
- RightShip criticises EEXI and CII as 'too slow' as it argues for its GHG emission ratings
- 'New era': MPCC cashes in on record markets with sale of six ships for $135m
- Solvang taps Wartsila for first major carbon capture retrofit on ethylene ship
- Wartsila: why some ships are better suited to carbon capture than others
- Lim Oon Kuin's luxury Singapore 'bungalow' sold for $25m
- Will COP26 climate talks translate into shipping action at the IMO?
- Despite supply chain bottlenecks, you can count on Santa to deliver
- Trials of shipboard CO2 capture system prove a 'success', says K Line
- Credit Suisse moves in to re-arrest Hermes VLCC in Singapore minutes after release
- Chinese ports could boost dividend payouts despite virus, says analyst
- Roll up for Saudi Arabia's oil rig-themed fun park
- 'Frantic finale' yet to emerge in scrap market despite high prices
- Hafnia pools reel in Ridgebury MR octet as overall numbers grow
|OCTOBER 20, 2021|
- United Airlines makes more cargo revenue with less cargo
It's an upside-down world when an airline makes more money flying less cargo than it did two years ago.
- Supply chain logjams hobbling smaller shippers
Lawmakers hear testimony on how smaller shippers are disproportionately hurt by supply chain disruptions.
- Record cargo volumes flowing through Southern California ports despite congestion
The Port of Los Angeles had its busiest September ever, while Long Beach had its second busiest.
- Alliance Ground acquires cargo handler at Chicago O'Hare airport
Two logistics companies at Chicago O'Hare airport are combining as congestion continues to slow freight deliveries.
- $22B worth of cargo is now stuck on container ships off California
California port congestion is as bad as ever. Some imports have been stranded offshore for over a month.
- Amazon, Ikea commit to zero-carbon shipping fuels by 2040
Several large retailers are pledging that in less than 20 years, they will ship goods across the ocean without emitting greenhouse gases. Some environmental groups...
|OCTOBER 20, 2021|
- Rotterdam Hi-5 barge spread makes U-turn as it widens to 3-month high
Europe 0.5%S marine fuel market seeing strength from expectations of tightening supply.
- Crude rally extends as surprise US inventory draw tightens supply outlooks
Draw runs counter to market expectations of a continued build.
- Maersk CEO welcomes industry pledge to use only zero carbon fuels by 2040
Leading cargo owners such as Amazon, Unilever and IKEA teamed up with the Aspen Institute to publicly announce a signed ambition statement.
- OPEC+ 'limited' in its ability to mitigate rising oil prices: Saudi energy minister
Dated Brent prices have more than doubled in the last year, with S&P Global Platts assessing the benchmark at $85.03/b on Oct. 19.
- Goldman's Currie sees 'lot of upside risk' to year-end $90/b Brent price call
At the end of September, Currie said Goldman estimated that the global oil market was undersupplied by about 4.5 million b/d, or 5% of global demand, as economies bounced back from the pandemic.
- European VLSFO hits record high amid tight supplies, firming marine gasoil
The gas shortages seen in Europe have pushed up crude oil prices, as customers scramble to secure alternative fuel sources ahead of the winter heating season.
- Wartsila, Solvang to develop onboard shipping CCS technology
S&P Global Platts Analytics estimates that scrubbers and 3.5% fuel oil accounted for about 15% of global bunker demand in 2020, with this share likely to grow to about 28% in 2030, before easing off to about 26% in 2040.
- Platts to amend volumes for Houston, New Orleans bunkers assessments
Platts will change the volume range for Marine Fuel 0.5%S and IFO 380 to 500 to 750 mt on both ex-wharf and delivered basis. The current range is 250 to 1,000 mt on an ex-wharf basis and 250 to 500 mt on a delivered basis.
- Platts to update publication of Petrobras bunkers posted prices
Beginning Oct. 5, Petrobras began only publishing a single value.
- JAPAN DATA: Oil product exports fall 36.8% on week to 2.66 mil barrels
High sulfur fuel oil exports slid 24.3% from the previous week to 289,403 barrels in the week to Oct. 16, while low sulfur fuel oil exports rose 13% on the week to 775,714 barrels.
- Bunker fuel supply tightens at Tokyo Bay as ENEOS halts sales until end-Oct
Inventories at Tokyo Bay have been low over the past two weeks for both high and low sulfur fuel oil; especially so for the IMO-compliant Marine Fuel 0.5%S bunker as refineries have shifted to producing gasoil given the stronger margins for the middle distillate.
- FUJAIRAH DATA: Oil product stocks rebound as middle distillates soar 36%
Heavy distillates used for power generation and marine bunkers climbed 9.4% to 7.751 million barrels, a two-week high.