|SEPTEMBER 23, 2021|
- CMA CGM announces resumption of reefer shipments with positive temperature to Apapa, Nigeria
- Container freight rates seen continuing to rise till mid-2022
- Höegh Autoliners signs 'Getting to Zero' Coalition's call to action to help accelerate decarbonisation of shipping
- MSC invests in new efficiency solution to reduce emissions from fleet
- Shippers & consignees chartering ships to meet peak season demand
- CBIC clarifies goods with NIL export duty eligible for refund of unused ITC
- Sugar export subsidy facilitates outbound shipments
- APM Terminals partners with Siemens for energy optimisation & emission reduction at terminals
- APSEZ fully unlocks India's eastern hinterland with INR 6,200 cr. acquisition of Gangavaram Port
- DP World to develop fourth berth at London Gateway
- Sarbananda Sonowal to inaugurate/lay foundation stone of key projects at New Mangalore Port today
- Container logistics experts discuss the ongoing disruption & forecasts for the new normal at digital container summit
- ADB sees Indian economy growing at 10 pc in 2021
- Global economy growing more strongly than anticipated
- Oil imports surge in August
|SEPTEMBER 24, 2021|
- Positive trend in international traffic
- 4flow gains Ralph-Michael Schmidt
- Plant for trucks with alternative drives
- Major logistics park in South Africa
- Aeroflot to fly more Russian mail
- New port in Haifa operational
- More equipment for Gruppo Bucci's main terminal
- UAE pushes digitalisation
- IFOY award: three new jurors
- 3PL buys transport broker
- Billund airport signs with Champ
- Leasing company invests in rolling stock
- Tim Strauss remains CEO of Amerijet
- Project 44 takes over Convey
- "Curiosity of the Day"
- Digital partnership for Right Ship
- Air Malta banks on cargo business
- Smooth AGM for Spedlogswiss Romandie
|SEPTEMBER 23, 2021|
- Shippers face tough choices in the US trucking market as costs escalate
- Sourcing from Vietnam could shift as costs and restrictions rise, warn businesses
- Prepare now for a very challenging air freight peak, urges Tiaca
- Freightos offers forwarders 'guaranteed capacity' on some ex-Asia routes
- Air cargo handlers face staff shortages on both sides of the Atlantic
- BPA approves construction of Busan New Port's feeder terminal
- LCL market efficiency boosted by stratospheric rate costs, say forwarders
- BIFA welcomes quick response to calls for greater clarity on revisions to EU exit
- Market Insight: Copenhagen, Caput Mundi, teases Berlin - a mighty battle looms
- M&A radar: HHLA gets its taste of Singapore sling with Cosco buy
|SEPTEMBER 23, 2021|
- McAllister Towing orders two more tractor tugs
New York City headquartered McAllister Towing reports that it has signed a contract for the construction of two 93- by 38-foot tier IV, 84-metric-ton bollard pull, tractor tugs with the option for
- Hydrogen-ready Jones Act WTIV design gets AiP
ABS has awarded its Approval in Principle (AiP) to Ned Project Inc. for its hydrogen-ready wind turbine installation vessel (WTIV) design. Ned Project Inc. is working with GPZ Energy to develop WTIV
- Golden Ray: Barge preparations continue
Though the giant heavy lift ship VB 10000 has made its final cut through the hull of the capsized car carrier Golden Ray, the last two of the wreck's original eight sections
- VIDEO: Rolls-Royce and Sea Machines Robotics to collaborate
Rolls-Royce Power Systems is to collaborate with Boston-headquartered Sea Machines Robotics to offer comprehensive remote command, autonomous control and intelligent crew support systems to the marine market that will complement the MTU
- Carnival brings more ships back into service
The cruise industry is continuing its comeback. This is good news not only for travelers and investors, but also for many local economies hard hit by the shutdown of the industry in
- Burger Boat wins order for ferry designed for tough winters
Burger Boat Company's Manitowoc, Wis., shipyard has started construction of a new 92-foot vehicle/passenger ferry, the Neebish Islander III. Ordered by the Eastern Upper Peninsula Transportation Authority (EUPTA), located in Sault Ste.
- Svitzer appoints new global head of decarbonization
Maersk's global towing operation, Svitzer, has appointed Gareth Prowse as its new global head of decarbonization. With an academic background in marine ecology, centering on environmental risk, pollution prevention and ecotoxicology, Prowse
- Reducing cross-contamination when preparing and cleaning aluminum welds
By Elliot Shepherd, associate product manager, and Jerry Dillion, district sales manager - California, Weiler Abrasives Aluminum is being used more frequently in shipbuilding thanks to the many benefits the material offers,
- VIDEO: Merchants Bridge project reaches milestone
A $222 million project to replace the Merchants Bridge that links Missouri and Illinois at Downtown St. Louis reached a major milestone Friday, September 17, with the first one of three new
|SEPTEMBER 23, 2021|
- IMO 'defrauded' by North Korea vessel identity laundering scheme
The UN agency is reviewing claims that IMO numbers are being issued for ships that don't exist
- Attica glimpses gradual 'normalisation' of operations despite loss
Attica Group curbed first-half losses and attributed red ink to the impact of the pandemic as well as higher fuel...
- Maritime Markets Outlook: Decarbonising shipping by the numbers
Getting shipping to zero carbon is not just a matter of political willpower - the industry must figure out how...
- Liabilities could break retailers that charter boxships, experts warn
'If the port where the goods are to be discharged is suffering chronic delays - whether due to the pandemic or...
- US port congestion 'will take months to clear'
As the US heads into its pre-Christmas retail boom and inventories remain low, imports are piling up off the west...
- Bulker congestion off China boosts dry bulk rates
About 5.5% of the dry bulk fleet, or 1 in 17 vessels, is caught up in congestion off China, Lloyd's...
- Maersk Tankers agreement opens door for rapid expansion
Christian Ingerslev, chief executive officer at Maersk Tankers, believes it is easier to maximise value and reduce carbon footprint if...
- Shipowners at risk if they ignore carbon pricing, says Trafigura
As the Poseidon Principles banks start aligning fleet efficiency benchmarks with Paris Agreement targets rather than IMO, the pace of...
- Portchain turns to investors to fund growth
With vessel schedules changing on a daily basis, terminals are working less efficiently than possible. Better planning tools can help...
- Synergy takes over Maersk Tankers' technical management business
Maersk Tankers says it will focus on commercial operations as Synergy takes over its technical management business. The transaction is...
- Daily Briefing
Leasing houses 'on the hook' for EU shipping carbon bill | Freight surcharges will remain even after rates ease |...
- Inland port could solve US west coast congestion
'What an inland port brings to the table, whether it's Utah or anywhere else, is that ability to provide that...
- China's overseas coal power retreat not a threat for bulkers
China's policy is unlikely to change much in the short to medium term, but it is likely to accelerate the...
|SEPTEMBER 23, 2021|
- China port congestion building 'bullwhip' snap on trans-Pacific
- LA-LB ports move quickly to implement congestion measures
- Lack of visibility dampens long-term ro/ro outlook: UECC
- Niche intra-Asia carriers latest to target Indian export growth
- Investor infusion boosts digital truckload bidding platform
- Portchain rides port upheaval, demand growth to new funding
|SEPTEMBER 23, 2021|
- Norway's Knutsen scraps another shuttle tanker, as others eye high demo prices
- Auction of former Marvin tankers cancelled in Rotterdam
- Jefferies supplies the optimism for extended bull run in shipping markets
- Capesize bulkers top $61,000 per day for the first time since 2008
- Genco Shipping begins a new chapter under veteran leader Wobensmith
- Genco seeks to convince investors its dividends are here to stay
- Mark O'Neil on shipping's carbon summit: 'Too little, too late'
- Owners of dual-fuel ships switch from LNG to fuel oil as gas price hike bites
- Shipowners warned that pirate attack is imminent in Gulf of Guinea
- Hanse Bereederung: Containership supercycle to stretch into 2026
- Containerships at any price? Lines 'don't care' amid high spot rates
- US shipowners seek to fight off Viking raid on domestic market
- Fleet Management boss calls for vaccines and visas to ease crew change
- Maersk Tankers switches strategy as Synergy buys technical management business
- Acta Marine charters out SOV to work on France's first offshore wind farm
- Dubai dissolves Emirates Maritime Arbitration Centre
- Atrium and Skuld make key underwriting hires in London
- Cosco ships China's first carbon-neutral crude cargo for Sinopec
- Getting to Zero members reveal their carbon credentials
- Leading Grindrod shareholders cash in stock worth nearly $25m
- Paris MOU hands corroded cargoship three-month port ban
- Fearnleys: Gas spike could boost tankers if crude producers step up
- Inactive containership fleet builds but does not signal drop in demand
- Lightship CEO: Shipbrokers will consolidate or could even go public
- Shell books fully electric ferries for use in Singapore in 'global' first
- CW Kellock tasked with private auction after survey ship fails to find buyer
- Eastern Pacific boosts dual-fuel car carrier orderbook at Jinling
- Wah Kwong returns to bulker newbuildings with New Dayang ultramax order
|SEPTEMBER 23, 2021|
- Port of New Orleans sees mixed results for August cargo volume
Port of New Orleans recorded mix results during August, which officials attributed to global supply chain issues.
- Canada border officers ratify deal for new contract
Canada Border Services Agency officers back a deal that will bring a new four-year contract with additional pay. But there's one catch: The retroactive agreement...
|SEPTEMBER 23, 2021|
- JAPAN DATA: Oil products output rises 2.5% on week to 17.41 mil barrels Sep 12-18
Japan's oil products output rose 2.5% week on week to 17.41 million barrels between Sept. 12-18, data from the Petroleum Association of Japan showed Sept. 23.
- UK's Harbour Energy drops 250 mil barrel Falkland Islands oil project opposed by Argentina
London-listed Harbour Energy said Sept. 23 it was pulling out of a project to develop the Sea Lion oil discovery offshore the Falkland Islands, which has been bitterly opposed by Argentina and is thought to hold some 1.7 billion barrels.
- US Gulf Coast HSFO highest since April 2019 on soaring Brent futures
High sulfur fuel oil on the US Gulf Coast neared a two-and-a-half year high Sept. 23, rising along with the highest Brent futures since October 2018.
- ARA diesel, gasoil stocks fall 5.7% on week to 1.972 mil mt: Insights Global
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub fell 5.7% on the week to 1.972 million mt as of Sept. 22, Insights Global data showed Sept. 23.
- Mexico tightens grip on private fuels importers as Pemex attempts to lure back clients
Mexico is tightening its grip on private refined products fuel importers as the state oil company Pemex tries to lure back customers to boost its market share, according to sources.
- OIL FUTURES: Brent tests three-year high on tighter supply outlooks, weaker US dollar
Crude oil futures settled higher Sept. 23 amid tailwinds from tightened supply outlooks, a weaker US dollar and a broader cross-asset market rally.
- INTERVIEW: Soaring gas prices an opportunity for renewable hydrogen: Nel CEO
Solar PV module prices have fallen by around 90% since the end of 2009, while wind turbine prices have fallen by 55-60% since 2010, according to IRENA. S&P Global Platts Analytics forecasts a modest reversal in this trend this year, however, due to rising raw material costs.
- Maersk invests in DAC technology to boost methanol use as sustainable bunker fuel
The US startup is developing tools to filter atmospheric CO2 for use in the production of net zero methanol, gasoline, diesel and jet fuel, according to company statements. The fuels will cost the same as their hydrocarbon-based equivalents, according to Prometheus Fuels' website.
- OIL FUTURES: Crude prices edge lower on large US gasoline build, recovering output
Data released Sept. 22 by the EIA showed a 3.47 million barrels build in US gasoline stocks in the week to Sept. 17, to 221.62 million barrels, in contrast to a forecast 432,000 barrel decline in gasoline inventories by the American Petroleum Institute Sept. 21.
- Tanker rates unprofitable for the next 12 months: BIMCO
**Uneven distribution of vaccines limits upside for rates **Geopolitical volatility supportive for tanker rates
- CHINA DATA: Aug transport fuel output slides 10% on year amid soft domestic demand
Platts reported Sept. 20 that a source with a state-owned refinery said there was a possibility that some gasoil volumes "are reported as fuel oil under the category of Light Bunkering Fuel Oil in order to save consumption tax."
- FUJAIRAH DATA: Oil product inventories at lowest level since reporting began in 2017
Heavy residue inventories fell 6.6% to 6.980 million barrels, the data showed, driven by a fuel oil market East of Suez that has seen fewer flows from the West, while soaring natural gas prices have prompted power plants to switch feedstock to fuel oil, according to traders.
- FEATURE: High spot LNG prices set to support Asian LSFO in winter
"North Asia, such as Japan, South Korea and Taiwan, will start increasing LSFO consumption for winter," a refining source in Asia said.
- European fuel oil exports to Asia rise on stronger demand, high LNG prices
Commodity data company Kpler estimates that 479,000 mt of European fuel oil will arrive in Asia in the week ended Sept. 26, up from the 450,000 mt that arrived the previous week, and the largest amount since 737,000 mt in the week ended Aug. 30.
- Financial institutions direct billions of dollars to address climate change
The world is emitting about 42 gigatons of carbon dioxide every year and on that basis in order stabilize atmospheric CO2 levels to prevent global warming above 1.5 degrees Celsius, there are fewer than eight years before the full carbon budget is used up, Tom Steyer said.
- Developed economies must help emerging markets switch to lower emissions, experts say
In 2018, developed economies failed to raise the $70 billion needed to assist emerging markets so they could make the transition to a cleaner energy mix, Fergus McCormick, director of sovereign research at the Emerging Markets Investors Alliance, said during a virtual seminar.
- Fujairah delivered marine fuel 0.5%S bunker differential sinks to over 9-month low
Industry sources attributed the sluggish spread between the very low and high sulfur fuel oil grades to firmer Fujairah-delivered 380 CST HSFO bunker values and weak demand for the International Maritime Organization-compliant bunker fuel which kept inventories oversupplied.