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08 March 2021 The on-line newspaper devoted to the world of transports 15:06 GMT+1




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Exim Indiaweb site
FEBRUARY 22, 2021
  • CMA CGM PCS in Mombasa
  • Indian Register of Shipping provides classification services for JSW Group
  • Resumption of box reefer bookings to Dalian
  • Shippers lament chaotic shipping market & lack of mechanisms for resolution
  • Spot prices seen weakening on Transpacific, Asia-Europe trades
  • Exports to the US recover in Dec.
  • India exported 60 pc of projected cotton in first four months of season
  • Deendayal Port crosses 100 MMT in cargo handling, set for 115 MMT by fiscal-end
  • PPT again achieves 100 MMT mark in cargo handling
  • Throughput recovers in second half year at the fully operational port of Rotterdam
  • Customs paperwork, red tape considered hindrances to UK-EU trade
  • DB Schenker to open new facility in Ireland
  • OOCL Logistics continues expansion in Latin America market
  • India's economic growth to be 10.2 pc in 2021
  • Big investments for EDR Antwerp Shipyard
  • Marked improvement seen in global merchandise trade, but prospects for 2021 uncertain
  • Prime Minister to inaugurate 3-day Maritime India Summit 2021 & Exhibition on March 2

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International Transport Journalweb site
FEBRUARY 23, 2021
  • Building a new rail hub in Hungary
  • Saving more than 1 million t of CO2
  • First Women in maritime survey
  • Vaccines to Greenland
  • Finnish forwarders join forces
  • Bhat's successor to head freight business at Swiss
  • Walker links continental Europe
  • World fleet reaches milestone
  • Rotterdam struggled in 2020
  • 1.8 million t of aggregates moved across UK
  • Crossing the Alps on LNG
  • Aged UPS freighters undergo facelift
  • Herwig to Hellmann
  • "Curiosity of the Day"
  • Free capacities in Jadeweserport
  • New freighter jets for North America
  • Boluda's acquisition in Cádiz

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The Loadstarweb site
FEBRUARY 22, 2021
  • Freighters escape B777 suspensions after United Airlines engine failure
  • Shippers could avoid costly D&D fees and shortages by using their own boxes
  • Kuehne + Nagel set to buy Asian forwarder Apex - its largest takeover yet
  • New Montreal port strike would 'really stick a knife in the Canadian economy'
  • Melbourne port strike suspended, while DP World ends lengthy dispute with union
  • Blockchain advances amid predictions of buoyant future in perishables supply chain
  • Maersk: 'Consumers can foot shipping's climate change bill'
  • Lorenzo Stoll to take the reins at Swiss WorldCargo as Ashwin Bhat moves on
  • Caroline Green steps up as founder Nigel Parkes retires as MD of Pallet-Track
  • Against the odds: Takeover target Expeditors defies the doom-mongers (again)
  • M&A radar: Kuehne + Apex - 'more to come down the track'

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Marine Logweb site
FEBRUARY 22, 2021
  • New LNG terminal to serve new ferry and Wärtsilä Smart Technology Hub
    Nordic region energy company Gasum is to build a local LNG customer terminal in Vaskiluoto in Vaasa, Finland, from which tanker trucks will take LNG to customers that include Wasaline, which operatesDOT seeks applications for 2021 INFRA grants
    U.S. Department of Transportation is seeking applicants for the FY 2021 round of the Infrastructure for Rebuilding America (INFRA) discretionary grant program to fund transportation projects of national and regional significance that
  • DOT seeks applications for 2021 INFRA grants
    U.S. Department of Transportation is seeking applicants for the FY 2021 round of the Infrastructure for Rebuilding America (INFRA) discretionary grant program to fund transportation projects of national and regional significance that
  • Is the U.S. ready to adopt new technology for tugs and towboats?
    A Q&A with Dave Lee, Senior Account Manager - ABB Marine & Ports Marine Log (ML): The world's first LNG-hybrid tug is being built in Singapore. How long before we start seeing
  • LR names three to executive leadership team
    Among his first key appointments since stepping into the CEO role at Lloyd's Register (LR) last month, Nick Brown has named three new members of LR's Executive Leadership Team: Mark Darley as
  • Boxes lost overboard after "safety feature" triggered engine shut down
    Maersk today gave more details of the February 17 incident in which the 13,100 TEU containership Maersk Eindhoven lost 260 containers overboard while en route to the U.S. West Coast. The incident
  • Royal Caribbean's Fain still confident of return to positive trajectory
    Royal Caribbean Group (NYSE: RCL) today reported financial results for the fiscal year of 2020 that included a U.S. GAAP net loss of $5.8 billion compared to net income of $1.9 billion

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Lloyd's Listweb site
FEBRUARY 22, 2021
  • Northwest Seaport Alliance offers uncongested alternative to Southern California
    The 2010-built, 3,650 teu CMA CGM Africa Four called the NWSA's Seattle Harbor for the first time on February 20 as part of the new...
  • Tankers 'not out of the woods' until mid-2022
    Active fleet poised to expand by 12% once sanctions-hit tankers return to trading - even as nominal fleet growth hits multi-year...
  • Seafarer abandonment cases continue to climb
    One case involving a chemical tanker abandoned in Fujairah, United Arab Emirates, in January, was successfully resolved, according to a...
  • Diana Shipping names Semiramis Paliou as chief executive
    Underlining the importance of an orderly succession, the founder of the New York-listed bulker company hands the chief executive's reins...
  • Suicides at sea go uncounted as crew change crisis drags on
    Maritime charities fear the toll of the lockdown measures on seafarers' mental health and there are anecdotal reports suicides have...
  • Higher contract rates ahead as shippers seek security
    Shippers who have successfully played the spot market in the past have been hit hard by the supply constraints in...
  • Forwarders failing on shipper-owned equipment bookings
    Many shippers are struggling to access containers for export cargoes. But forwarders are providing little in the way of help...
  • V.Group's new chief builds success on data
    V.Group has weathered storms and emerged with a client-centric vision. However, Kofod-Olsen's bigger challenge is to build a deeper understanding...
  • GasLog to go private after BlackRock merger
    GasLog is recommending a deal with BlackRock that will see the asset manager buy up the company's free float at...
  • Korea Shipbuilding strikes $500m newbuilding deals
    The VLCC trio are priced at about $90m per ship. Delivery is scheduled for the second half of 2022
  • Lloyd's Register appoints new leadership team with marine focus
    The classification society has appointed three insiders to new posts as it enters a new era under the leadership of...
  • Kuehne+Nagel acquires Asian logistics provider Apex International
    Takeover of Apex International is expected to add 9% to K+N revenues. Focus will be on hi-tech and ecommerce fulfilment
  • Four injured in Gibraltar bulker explosion
    Four crew were injured and two taken to hospital with burns after an explosion on a Hong Kong-flagged capesize bulk...
  • Daily Briefing
    Free to read: Club hopping not happening as renewal round closes | It is time to bring some humanity to...
  • Pavilion Energy and Chevron pen LNG offtake agreement
    Pavilion Energy and Chevron have signed a six-year LNG sale and purchase agreement for the supply of approximately 0.5m tonnes...
  • China's owners and port groups urge efforts to temper sky-high box rates
    Move comes as the traditional Chinese New Year slack season has failed to drag down the rocketing shipping costs, with...
  • Texas winter freeze lifts product tanker rates
    'This is a significant impact to one of the world's largest concentrations of olefins capacities, just under 20% of the...
  • Offshore wind sector could help re-employ some energy workers
    Oil and gas workers will also benefit from the expected growth in offshore wind employment globally, as they share some...
  • Precious positive on bulker market for 2021
    If the supply side receives a dividend from the recycling of very old ships, slow steaming by the rest of...

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The Journal of Commerceweb site
FEBRUARY 22, 2021
  • Yellow revs up recruitment, training as drivers become more scarce
  • Forwarders largely unable to service rising SOC demand: survey
  • New funding to help BuyCo link TMS with trade finance
  • K+N expands Asian air freight footprint with Apex takeover
  • Importers face toughest trans-Pacific service contract talks in years

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TradeWindsweb site
FEBRUARY 22, 2021
  • Flex LNG grabs more shares after quarterly earnings growth
    Company repurchased shares last week and in January
  • Crude tankers not 'out of woods' for 2021 due to Chinese destocking, Iranian tonnage
    Chinese crude imports will probably be flat despite oil demand recovery, Braemar ACM's Anoop Singh says
  • Royal Caribbean suffers $5.8bn loss for 2020 at the hands of Covid-19
    The New York-listed owner's shares are up almost 11% as of Monday's mid-day trading
  • Harvey Gulf sues after PSV damaged in Gulf hurricane
    The ship is currently still grounded, with damages still to be determined
  • GasLog Partners shifts into spotlight for fleet growth
    Executives sidestep parent-BlackRock merger questions and talk up prospects for MLP to play in spot market
  • Semiramis Paliou appointed Diana Shipping CEO
    Founder Simeon Palios will stay on as non-executive chairman
  • Insurer Gard claims substantial gains at P&I renewal
    Cashback deals for members pay off as the largest P&I insurer gets even bigger at renewal
  • MV Werften readies axe for 1,200 workers amid cruise crisis
    Staff told government cash is dependent on matching workforce with orders
  • Avance Gas sees Asian demand growing after 'incredible' VLGC rate boom ends
    Commercial chief Ben Martin gives upbeat view on prospects for US Gulf production
  • GasLog unveils merger with BlackRock's power arm, with plans to delist
    Peter Livanos declares the deal a 'transformative next step' for his company
  • New Lloyd's Register chief executive reshapes marine division team
    Nick Brown reorganises marine division after taking charge of UK classification society
  • MV Werften readies axe for 1,200 workers amid cruise crisis
    Staff told government cash is dependent on matching workforce with orders
  • Soren Skou says consumers can pay multibillion-dollar decarbonisation bill
    Cost to customers will equal just six US cents on a pair of trainers, AP Moller-Maersk chief tells BBC
  • Corinth Canal suspends crossings until further notice
    Historic Greek waterway needs 'hundreds of millions of euros' of investment to survive
  • Songa Container takes full control of three sub-panamax boxships
    Shipowner exercises purchase options on trio as earnings continue to recover
  • Seafarer missing after blast on Vietnamese product tanker
    No sign of 28-year-old engineer
  • GC Rieber looks for new business after selling another vessel
    Norwegian owner down to three ships with disposal of inspection and maintenance unit Polar Queen
  • Shipping looks set to escape Myanmar sanctions - for now
    But shipowners must be on their guard for links to individuals targeted by US
  • South Korean ropax scrapped as brakes put on ferry buying
    Interest in larger Asian ropaxes is non-existent as operators continue to reel from pandemic impact
  • Oil pressure blamed for stall that tipped boxes off Maersk Eindhoven
    Safety feature reportedly triggered engine shutdown off Japan
  • Zhonggu Logistics completes $630m order drive with boxship octet at Jinling Shipyard
    Chinese shipowner fulfils plan to order up to 18 newbuildings worth about $630m
  • KCC lets last two combination carrier options lapse as deliveries remain tricky
    Norwegian shipowner focused on getting final two newbuildings in operation despite Covid-19 restrictions
  • Xihe sells MR2 product tanker as fleet selloff lumbers along
    With another tanker sold, market sources suggest more could also be leaving the Xihe fleet in the near future
  • Stamatis Molaris to offload tankers and bulkers to Gulf Navigation
    Dubai-based owner says agreement with Greek owner is beginning of a larger scope of partnership
  • Bamboo shoots blamed for fatal mass poisoning on Precious bulker
    Khalid Hashim said traditional Thai delicacy caused the death of the chief cook and made many others ill
  • Great Eastern joins outfits vying to buy Shipping Corp of India
    Country's biggest private shipowner has reportedly lodged expression of interest

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American Shipperweb site
FEBRUARY 22, 2021
  • GSCW chat recap: Stan Wraight's cargo advice for airlines
    Passenger airlines have treated cargo as an afterthought. The pandemic is making them realize the benefit of a diversified revenue stream.
  • Maersk Eindhoven expected in Yokohama Thursday following container loss
    The Maersk Eindhoven, which lost 260 containers overboard, is slated to berth for repairs in Japan on Thursday.
  • Another one bites the dust: LNG shipping's GasLog to delist
    One of the largest players in public LNG shipping, GasLog Ltd., plans to give up its NYSE listing. Will more shipowners opt to go private?
  • GSCW chat recap: GK9PG dogs check for cargo and COVID
    Global K9 Protection Group is a big provider of bomb-sniffing dogs. Many of them are dedicated to air cargo security. Now the company is using...
  • GSCW chat recap: Flowers, vaccines, perishables power MIA cargo growth
    Emir Pineda, the Miami-Dade Aviation Department's manager for aviation and trade logistics, explains why Miami International Airport reached a record cargo level last year and...
  • FreightWaves Flashback: JFK changing with the times
    2002: "It's a myth that we are out of land," said Jim Larson of the NY/NJ Port Authority, discussing the airport's cargo possibilities.
  • Kuehne + Nagel buys Hong Kong forwarder Apex
    Kuehne + Nagel is the second-largest logistics services provider in the world. It just got bigger, swallowing up Hong Kong's Apex International.

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The Bunker Bulletinweb site
FEBRUARY 22, 2021
  • ICE LSGO futures net speculative length at fresh 13-month high
    Speculative net long positions in ICE low sulfur gasoil futures rose 967 contracts to 101,943 in the week to Feb. 16, a fresh 13-month high, according to ICE data on Feb. 22.
  • INDIA DATA: Jan gasoil exports fall 12% on month
    India's gasoil exports in January eased from a three-month high reached the previous month as a rise in coronavirus cases during the winter as well as the discovery of new variants of the virus squashed demand from international buyers.
  • EU refineries, business look for ways to achieve carbon neutrality
    EU refineries and businesses are looking for various ways to address the carbon neutrality that the EU is targeting for 2050, but liquid fuels will remain in use, according to delegates of the 10th EU refining forum.
  • INDIA DATA: Jan fuel oil exports jump 133% amid higher LSFO production, imports fall 21%
    India's fuel oil exports in January rose 133% on the month to 112,000 mt, latest data from the country's Petroleum Planning and Analysis Cell showed, as improving low sulfur fuel oil margins incentivized more production, refining sources said.
  • USGC middle distillate shipments to Europe at 215,000 mt in Feb so far: cFlow
    Around 215,000 mt of US Gulf Coast middle distillates are set to arrive in Europe in February, with one shipment of around 40,000 mt having been sent in the seven days to Feb. 22, according to cFlow, Platts trade flow software.
  • AMERICAS BUNKERS: Key market indicators Feb 22-26
    Spot bunker fuel prices were impacted by winter weather in the US Gulf Coast during the week of Feb. 15-19, leading to rises in some ports in the Americas, such as Balboa, and slight changes in others.
  • REFINERY NEWS: PetroEcuador shuts Esmeraldas No. 2 catalytic unit
    Ecuador's PetroEcuador said it shut the refinery's No. 2 catalytic cracking unit on Feb. 21 for 40 days of maintenance.
  • INDIA DATA: January oil product exports down 4.8% on year to 1.1 million b/d
    India's exports of refined oil products fell 4.8% year on year to 4.4 million mt, or 1.1 million b/d, in January, provisional data from the Petroleum Planning and Analysis Cell showed Feb. 22.
  • Beaumont, Corpus Christi refineries beginning restarts as Houston area lags behind
    Major crude oil refineries in Texas' Baytown, Beaumont-Port Arthur and Corpus Christi areas began restarting operations Feb. 21 and Feb. 22, while the rest of the Houston region's refining complex is taking longer to rebound after more prolonged power outage issues during last week's Texas freeze.
  • US crude stocks, refinery runs expected lower amid Texas deep freeze
    US crude oil inventory draws likely extended during the week ended Feb. 19 as severe weather across the southern states shut in production, according to analysts surveyed by S&P Global Platts.
  • Brazil's Bolsonaro sends Petrobras into turmoil after CEO swap, price dispute
    Analysts and investors Feb. 22 decried a move by Brazil's president to replace the CEO of state oil company Petrobras, claiming the move was made for political reasons.
  • OIL FUTURES: Crude tests fresh highs amid US refinery restart, weaker dollar
    Crude oil futures surged nearly 4% to settle at 13-month highs Feb. 22 as US refineries began to restart in the wake of severe weather across the southern US last week.
  • Pavilion Energy, Chevron ink LNG supply agreement for Singapore to promote lower-carbon future
    Each LNG cargo delivered under this agreement will be accompanied by a statement of its GHG emissions, the companies said.
  • S. Korea's SK Energy to cut low sulfur bunker fuel output in March, April on VRDS maintenance
    To make up the shortfall in production, SK Energy has bought one MR-sized low sulfur fuel oil cargo from Singapore from arrival in March, sources said.
  • Clean tankers poised for freight jump amid improving pandemic conditions: Scorpio Tankers
    Bugbee said the Asian clean tanker market could likely see significant upward movement upon return from Lunar New Year.
  • Iran wants US to remove sanctions before nuclear talks to clear more crude
    Araghchi also said Iran is studying a proposal by EU foreign policy chief Josep Borrell to hold an "informal meeting with the US as a guest."
  • OIL FUTURES: Crude rises on opportunistic buying, fundamentals still bullish
    "The sell-off in the crude futures market seen on Friday [Feb. 19] provided a bargain hunting opportunity, which traders in Asia are exploiting," Hari said.
  • Panama sales of MF 0.5%S, high sulfur bunker fall in Jan; MGO sales increase
    The Maritime Authority's data shows sales of HS IFO 380 fell 5.6% in January month-on-month to 70,597 mt.




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