|FEBRUARY 21, 2021|
- Berthing priority for sugar export vessels
- IMO's rules on carbon reduction in ships by 2023 seen making hiring vessels challenging
- Suez Canal records third-highest revenue in 2020
- Provision for verification of the exporters declaration (self certification basis) on the Rules of Origin under GSP Scheme-amendment in Para 2.104 (e) of handbook of Procedures, 2015-2020
- Soybean meal exports up six-fold in Jan.
- DP World Cochin celebrates 10 years of excellence
- DPT becomes first Major Port to cross 100 mt throughput this fiscal
- DPT Board meeting discusses key issues
- Expansion of Sohar Port being planned
- Pradeep Kumar Jittuka assumes additional charge as Chief Vigilance Officer, Chennai Port Trust
- Forwarding industry progress in digital freight sales slow, concentrated: Survey
- Höegh Autoliners provides fast & innovative solution for large break-bulk shipment
- Phase I of Sankrail Freight Terminal in West Bengal inaugurated
- sKart Global Express launches its first depot in collaboration with SpiceJet
- Outlook for Asian shipyards boosted
- Samsara Group inaugurates state-of-the-art ISO Tank Container & Road Tanker Cleaning Depot near Nhava Sheva Port
|FEBRUARY 19, 2021|
- No rate relief for ocean shippers as hopes of usual post-CNY slump sink
- Atlas Air sees profits soar on the back of free money, as it 'fails to read the room'
- Maersk confirms Eindhoven container loss at 260 as vessel heads for port
- As US truck capacity stays tight, rising demand and costs push up rates
- MUA strike action at port of Melbourne under fire for its 'bad timing'
- E-commerce giant JD.com applies to spin-off supply chain arm
- Post-Brexit regulations out of synch with Scottish groupage operations
|FEBRUARY 19, 2021|
- Newport News awarded $3 billion CVN 74 refueling contract.
Huntington Ingalls Industries' Newport News Shipbuilding Division, Newport News, Va., has been awarded a $2,994,237,224 cost-plus-incentive fee contract for the USS John C. Stennis (CVN 74) Refueling Complex Overhaul. This effort will
- Alumnus appointed master of Maine Maritime training ship
Maine Maritime Academy (MMA), Castine, Me. has a hired alumnus Captain Gordon "Mac" MacArthur to serve as master aboard the academy's training ship State of Maine. With over thirty years of experience
- WingGD broadens X72DF choices
Winterthur Gas & Diesel (WinGD) is now offering four versions of its X72DF dual-fuel engine platform. The X72DF is WinGD's best-selling engine. Particularly successful in newbuild LNG carriers, it is also applicable
- Jensen Maritime now integrated into Crowley Engineering Services
Looking to bring the complete range of its services to maritime clients seeking design-build-operate solutions, Crowley Maritime Corporation has now fully integrated its Jensen Maritime unit into the Crowley Engineering Services group.
- JAX LNG and TOTE notch up an LNG bunkering first
JAX LNG and TOTE Services recently completed their first ship-to-ship liquefied natural gas (LNG) bunkering of a foreign-flagged vessel at the Jacksonville Port Authority (JAXPORT). Crews loaded 1,800 cu.m (about 450,000 gallons)
- Siem Offshore books another offshore wind contract
Kristiansand, Norway, headquartered Siem Offshore and Seaway 7, the renewables business unit of Subsea 7, have entered into a contract for an offshore wind project in the Far East. The project will
|FEBRUARY 19, 2021|
- Cook Islands flag cancels Iranian-linked tankers
Registry first shown satellite images last October of cargoes being loaded at Iran terminals while vessel-tracking transponders switched off. Tanzania...
- Oldendorff actively tests solutions in decarbonisation drive
The German company says it will not be placing any newbuilding orders until a clear picture emerges of which future...
- It's time to bring some humanity to shipping
It's all very well investing in digital technologies and decarbonisation initiatives. But what about the men and women who work...
- Club hopping not happening as renewal round closes
'Based on what I'm seeing and hearing in the market, the number of owners actually changing clubs this year is...
- The Lloyd's List Podcast: Everything you always wanted to know about P&I, but were afraid to ask
Ahead of the P&I renewals deadline we have been speaking to both sides of the annual battle. Clubs are seeking...
- Tanker profits vanish for Frontline and Scorpio Tankers
Two leading listed tanker companies report they are struggling to earn rates that cover cash breakeven costs against the backdrop...
- Shippers face long haul before goods flow freely again
Low inventory levels mean demand is set to remain high. But the impact of the lockdowns on productivity means it...
- Oldendorff says family business gives it the edge as it turns 100
Chairman Henning Oldendorff says the company has been profitable for the past 14 years, despite some difficult times for the...
- Daily Briefing
Free to read: Is shipping ready to follow Maersk's carbon neutral lead? | Christian Ingerslev interview | Box tonnage providers return...
- Yangzijiang buys neigbouring equipment supplier
The acquisition is being funded through internal resources as Yangzijiang widens its base of related companies
|FEBRUARY 19, 2021|
- Maersk vessel loses 260 containers in rough seas
- Rotterdam's second-half recovery limits 2020 volume decline
- Trans-Pacific container system slows under Asia import surge
- Regulator scrutiny is 'fair and square': Hapag-Lloyd CEO
- Maersk VC veterans launch supply chain startup fund
|FEBRUARY 19, 2021|
- SK Shipping inks VLCC duo at DSME as it grows its fleet
- US Gulf's force majeure threat a 'short-term blip' for bulkers
- What the hell just happened in the panamax freight derivatives market?
- Project to provide water in paper cartons gains further support in shipping
- Hapag-Lloyd boss sees no immediate end to 'perfect storm' in liner shipping
- Marine paints giant Jotun logs record result for 2020
- Cruiseship lay-ups costing Fred Olsen Cruise Line $4.2m a month
- Awilco LNG turns back into profit in the fourth quarter
- UK Supreme Court overturns ruling against Evergreen in first collision ruling
- Avance Gas sees no need to panic despite VLGC rate crash
- GTT sees demand for over 300 LNG carriers from now to 2030
- Bangladesh crew test positive for Covid-19 at Imabari Shipbuilding
- KCC's combination carriers beat tanker earnings by 200%
- MISC Berhad tests buyer interest for long laid-up LNG carrier
- Victor Insurance swims against the tide to set up hull facility
- Ariston hires former Cargill man to enter structured finance
- Opaque shipowners earn big bucks in sanctioned tanker trades
- Abandoned Palmali crew ends hunger strike and returns home
- Frontline says 'lagging' tanker market set for boost once inventory draw is done
- GP Global unit asks Singapore court for protection from creditors
- GEV wins new investors to speed up compressed gas shipping plans
- Distressed liftboat sales expected but wind work offers hope
- SFL's Hjertaker still thinking long-term despite market spikes
- Henning Oldendorff reveals the secret behind 100 years of growth
- Early 2021 bulker sale-and-purchase activity nearly triple that of a year ago
- Castor and Globus raid secondhand market for kamsarmax tonnage
- Cargoship reportedly sinks off Libya trying to avoid rough seas
- Tanker market distortion: strong asset prices despite weak freight rates
|FEBRUARY 19, 2021|
- All eyes turn to timing of tanker rate resurrection
Crude and product tanker rates are bouncing along the bottom. As one analyst put it, "There's only one way to go from here."
- 260 containers lost, 65 damaged in Maersk Eindhoven at-sea mishap
More than 2,900 containers have gone overboard just since the end of November.
- Exclusive: UPS pilots try rapid COVID test to avoid Hong Kong quarantines
Air crews don't like flying to Hong Kong these days because COVID testing there is invasive and they could end up in mass quarantine facilities....
- Wasp warning for Aussie aircraft operators: Check for mud
Mud dauber wasps in Australia are setting up home inside pieces of sensitive aircraft equipment. It's more than a nuisance. It could be dangerous.
- Hapag-Lloyd CEO: COVID, congestion, container shortage form 'perfect storm'
"We have really a perfect storm of demand that's surging like there's no tomorrow, everybody needing to get the boxes back, COVID-related restrictions," says Hapag-Lloyd...
|FEBRUARY 19, 2021|
- SINGAPORE DATA: Residue stocks fall 7.74% to 19.38 mil barrels on higher fuel oil exports
Singapore's commercial onshore residue stocks declined 7.74% to 19.379 million barrels, or 3.05 million mt, in the week to Feb. 17 from a week earlier amid a pickup in fuel oil exports over the same period, Enterprise Singapore data showed Feb. 18.
- ARA diesel, gasoil stocks fall 3.7% on week to 2.6 mil mt on US product pull: Insights Global
Stocks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp hub fell 3.7% to 2.57 million mt in the week to Feb. 18, according to Insights Global data, as an open arbitrage to the US in the first half of the week saw a flurry of trans-Atlantic cargo fixtures.
- Low demand for Latin American refined products offsets USGC outages: sources
Pandemic-induced low demand for refined products throughout Latin America helped the region ignore refinery outages so far this week on the US Gulf Coast, its largest source of supply, sources said Feb. 19.
- Argentina's Vaca Muerta fracking activity hits 17-month high in January
Fracking activity in Vaca Muerta, Argentina shot up in January to its highest level in 17 months, according to data released Feb. 3, as demand recovers from an eight-month lockdown for the coronavirus pandemic and pricing incentives spur drilling for natural gas.
- NWE 1% fuel oil prompt backwardation weakens significantly
The backwardation between the front-month 1% sulfur FOB Northwest Europe fuel oil cargo market and the second month has narrowed significantly over the last week, amid softening demand for arbitrage deliveries eastward.
- Bunkerworld Index: Prices rise further with crude after cold Texas weather
The S&P Global Platts Bunkerworld Index extended its recent rise this week as cold temperatures in Texas hit production of refined oil products, though analysts expect sentiment to soften in the coming week.
- VLSFO prices fall in Fujairah as US-Iran relations thaw
Delivered marine fuel 0.5% sulfur prices in Fujairah fell more than $10/mt on news that US President Joe Biden's administration was rescinding the re-imposition of UN sanctions on Iran last September by the Trump administration.
- IEnova says to start commercial operations of four refined products terminals in 2021
IEnova is planning to bring six infrastructure projects into commercial operation in 2021, including four refined products terminals, for which it has a total budget of $650 million this year, executives said Feb. 19
- Brazil to cut all federal taxes on diesel for 2 months: Bolsonaro
Brazil will cut federal taxes on diesel to zero for two months starting March 1 amid an ongoing debate over domestic diesel and gasoline prices that could lead to changes at the state-led oil company Petrobras, President Jair Bolsonaro said in his weekly webcast Feb. 18.
- ARA fuel oil stocks edge lower on week to 1.658 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region, as measured by Insights Global, edged 1.1% lower to 1.658 million mt in the week to Feb. 17, following an 18% rise the previous week.
- Counter-seasonal US crude draw extends amid stronger exports, refinery utilization
Counter-seasonal US crude oil inventory declines extended in the week ended Jan. 29 as exports pushed to four-week highs, US Energy Information Administration data showed Feb. 3.
- Winter blast cripples production, processing capacity, refineries across Texas
The record-low temperatures sprawled across the Central and Southern US over the past week not only lead to large-scale production freeze-offs at wellheads, but also exposed the threat bitter cold has on natural gas processing plants and oil refineries.
- RINs spike amid gasoline, ULSD import bookings
Prices for renewable identification numbers, or RINs, spiked during morning trading Feb. 19 amid talk of gasoline and diesel imports into the US to cover shortages due to Gulf Coast refining capacity that was knocked offline by recent winter weather.
- USGC diesel market surges in winter storm aftermath
US Gulf Coast diesel prices pushed higher again Feb. 19 as the market continued to deal with tight supply and logistic constraints after a winter storm earlier in the week.
- OIL FUTURES: Crude slide extends amid return of Texas output, thawing US-Iran relations
Crude oil price declines continued Feb. 19 as the market eyed rising supply outlooks amid the restart of Texas production and easing US-Iran tensions.