|JANUARY 27, 2021|
- Container carriers' pricing behaviour in increased focus
- Key maritime industry stakeholders sign global pledge on seafarer wellbeing & crew change
- New sanctions clause for container trade published
- 5G smartphone export seen rising significantly
- Popular export promotion scheme could be continued
- Special measures to facilitate MSME for AEO T1 & T2
- 'We are looking at govt's increased investment in infrastructure'
- Last mile connectivity & feeder routes of DFCs should be completed simultaneously: Goyal
- Economic recovery to be V-shaped & 'V' stands for vaccine, says RBI
- Indian economy to rebound with 11.5 pc growth in 2021: IMF
- JNPT celebrates Republic Day with fervour
- OOIL announces plans to issue new shares on the market
|JANUARY 28, 2021|
- Wind of change at Gefco
- Five trains per week
- Schwarzmüller celebrates 150th anniversary
- Snow ploughs for rail tracks
- Less dry ice, more medicine
- First carbon-neutral shipment
- Refinancing for Crossbay
- Meyer, Meyer & Meyer
- Green drives for green logistics
- New warehouse in Corby
- Prince Rupert full-fledged
- Connecting three continents
- "Curiosity of the Day"
- Viasea expands in UK
- Cold chain through Alaska
- Latest titanium tanks in operation
- More Amazon in Quebec
- Thome Group sets up simulator
|JANUARY 27, 2021|
- CMA CGM axes SEA-X - prelude to the end of transpacific premium products?
- Strong air cargo demand on the transpacific, but locked-down Europe softens
- Contract obligations kept Hapag-Lloyd from enjoying rocketing rates bonus
- Lufthansa Cargo switches handler at Heathrow after contracts review
- DFDS 'quadruples' cold chain business with acquisition of HSF Group
- New box terminal at Vietnam's Cai Mep already attracting alliance calls
- Operators 'made the right call' when suspending EU-UK road services
- Carriers reject US agricultural exports for empty boxes to China
- Analysis: The $800m UPS Freight sale to TFI - two sides of the same coin
|JANUARY 27, 2021|
- Cashman completes Boston Harbor Phase II dredging almost one year ahead of schedule
New England's busiest port is closer to welcoming larger containerships and growing the regional economy with the completion of Phase II of the U.S. Army Corps' Boston Harbor Navigation Improvement Project by
- Sea Machines promotes Phil Bourque
Autonomous command and remote-helm control systems specialist Sea Machines Robotics has promoted Phil Bourque to the role of business development and sales director, U.S. Government In his new position, Bourque will primarily
- Chouest Jones Act SOV will be ABS classed
The Jones Act offshore wind farm service operation vessel (SOV) that Edison Chouest Offshore (ECO) is building to operate on long term charter to Ørsted and Eversource will be classed by ABS.
- Great Lakes Dredge & Dock makes key offshore wind appointment
Marking its latest push into the sector, Great Lakes Dredge & Dock Co. (NASDAQ: GLDD), has appointed Eleni Beyko as senior vice president offshore wind. Beyko, who started at GLDD on January
- Poseidon Barge awarded $8.3 million USACE contract mod
The U.S. Army Corps of Engineers has awarded Poseidon Barge Ltd., Berne, Ind., an $8,379,000 modification to contract W912BU-19-P-0051 for the purchase of and modification to the structure of pontoons. Work will
- Tidewater in fleet-wide roll-out of Inmarsat Fleet Xpress
An agreement with mobile satellite communications leader Inmarsat has seen offshore services major Tidewater Inc. advance its digitalization strategy by upgrading the majority of its active fleet to the Fleet Xpress mobile
|JANUARY 27, 2021|
- Ships at anchor upset clean air plans at Southern California ports
While ships at berth are subject to the ports' emissions controls, those at anchor are not - they come under...
- Asia is next big growth market for offshore wind
Taiwan's 640-megawatt Yunlin project should start up this year, according to Rystad Energy, with several other wind farms following in...
- Kanfer Shipping orders first LNG bunker tankers
The firm is reportedly eyeing projects in Asia, Europe and Australasia. Ship-to-ship LNG bunkering demand at key regional choke-points in...
- Thailand presses on with trial for LNG trading
The major Southeast Asian economy is likely to embark on more arbitrage plays particularly with the excess inventory it has...
- Eastern Pacific CO2 emissions report showcase climate change efforts
The Singapore-based shipmanager attributes the reduction to fleet renewal, green-tech, operational excellence, and the use of alternative marine fuels. Eastern...
- Key worker status should mean vaccines for seafarers, says shipmanager
The founder of Synergy Marine said countries should help vaccinate seafarers who call at their ports as a gesture of...
- Tankers doldrums underscored as tonne-mile demand shrinks
Of the 48.4m bpd of global seaborne oil trade last year, 18m bpd was tracked from the Middle East Gulf...
- HMM chief says newbuildings were key to recovery plan
HMM's chief executive took over a company that lacked credibility with investors and the industry. A fleet of newbuildings and...
- Will Biden era herald a wind of change for offshore farms?
While the US market potential is huge, it may take several more years to fully take off as challenges such...
- Shipowners lay out conditions for Europe's emissions plan
The European Community Shipowners' Associations says it wants a global market-based measure for shipping emissions but also sets out its...
- 'Asbestos-free' certification does not guarantee safe ships
Shipowners risk bans from EU ports, even when genuinely unaware of issues, lawyers warn
- Seafarers: On the radar, but not top of the list in virus battle
Frederik Kristensen, a specialist in epidemic preparedness, has set out the scale of the pandemic problem and says seafarers might...
- Marine tech companies launch shipping telecoms venture
New company MAR360 will offer 'complete range of innovative and efficient telecommunication services'
- Shipping accepts 'Mission Possible' to tackle emissions
Shipping companies are collaborating with aviation, trucking and other industries to decarbonise their sectors, in a new initiative hoping to...
- Hapag-Lloyd operating profit exceeds $3bn after strong fourth quarter
Hapag-Lloyd's preliminary results are in line with its December guidance. Higher average freight rates and cost-cutting efforts resulted in strong...
- SM Line preparing IPO to fund expansion
SM Line is now looking to expanding its services in Southeast Asia via the K-Alliance, while planning to establish a...
- New Maritime UK chair looks to shake up public perception
The maritime sector is sometimes seen 'as being traditional and resistant to change - I'm very keen on reshaping the...
- Capesize market cools ahead of Chinese New Year
Brokers attribute the slide to an expected seasonal dip in cargo demand ahead of Chinese New Year, cargo cancellations after...
- Daily Briefing
Free to read: US to seize Iranian oil aboard Marinakis-owned tanker | Hazmat study finds asbestos 'on most ships' |...
- Yangzijiang shipbuilding joins venture capital fund
Chinese shipbuilder expects the investment to enhance management's expertise in cash redeployment and promote the public interest by facilitating community...
|JANUARY 27, 2021|
- 'Freemium' TMSs gaining traction with small truck carriers
- New global coalition latest entrant into decarbonization push
- Hapag-Lloyd operating results point to profitable 2020 for carriers
- Record-low container carrier reliability extends through December
|JANUARY 27, 2021|
- Evergreen splits $2.3bn boxship order between four yards in three countries
- John Michael Radziwill can't fathom bulker owners who hurry up to wait
- Charter dispute rages as Australian coal import ban drags on
- Charterers prevent crew changes despite ongoing seafarer crisis
- Capesize bulkers ballast to Atlantic amid falling steel margins
- The Recap: Recycling hope, BW's Golar pullback and Polarcus banks lose patience
- Evercore predicting weaking for LNG, but strength for LPG rates
- Globus offers more shares, lowers price on prior offer
- Sovcomflot reflects on first 'virtual IPO' for Russian shipowner
- Orlando Ashford appointed Azamara executive chairman
- Insurer Apollo takes on new marine head at Lloyd's syndicate
- Bunker player LQM closes London office and removes chief executive
- Scorpio Tankers heading for big earnings miss? Deutsche Bank's Amit Mehrotra is unfazed
- Glencore and Trafigura take scrubber-fitted tanker newbuilds in period deals
- Legal action forces Economous' hand on buyout of LNG quartet
- Siem Offshore may go to court in Brazil to force through debt deal
- Celsius Shipping keeps up active S&P profile with ultramax sale
- Kanfer Shipping signs LOI for two speculative LNG bunker vessels
- Maersk to count cost of Pacific container collapse
- Law firm Campbell Johnston Clark adds new partners in Singapore and Newcastle
- Frontline and Euronav: owners to scrap and pool ships during downturn
- Shell debuts new US LNG bunker barge with Siem car carrier
- Profit surge for Hapag-Lloyd raises hopes for 2021
- Orsted charters new hybrid crew transfer vessels for Hornsea wind farm
- Cosmoship of Greece orders up to four boxships at Huangpu Wenchong
- Jeff Bezos-backed Mission Possible Partnership aims to clean up shipping
- Montenegro pulls the plug on support for two state bulker owners
- Finance tops the challenges for German shipowners
- LNG carrier charter rates slide from hot highs
- Neptune response to crew crisis needs to work for seafarers and global trade
- New player Moderna Marine highlights Greek thirst for kamsarmaxes
- Smaller German ship managers face bleak future
- Schulte boss looks to woo German capital back to shipping
- Vietnam's appetite for grains helps boost bulker tonne-mile demand
- Hyundai Heavy Industries plans $900m IPO
|JANUARY 27, 2021|
- Hapag-Lloyd's earnings 'significantly higher' despite uncertainty of 2020
Hapag-Lloyd credits higher freight rates and lower bunker prices as "the main drivers of these positive business developments."
- Trans-Pacific trade crashes into max-capacity ceiling
Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.
- Strong balance sheet, fed bailout put Alaska Airlines on recovery path
Alaska Airlines' parent company is one of the better managed airlines in the industry. Its financial results during a pandemic year show why.
- Commentary: Crude oil tankers on hold
Short of a conflict in the Middle East and its adjacent shipping lanes, it is hard to see a spike in tanker spot rates in...
|JANUARY 27, 2021|
- Trafigura boss upbeat over trading, investment opportunities in low-carbon world
Trafigura, one of the world's biggest independent commodity traders, sees "fantastic" trading and investment opportunities as the world moves to clean, lower-carbon energy and more sustainable economic growth, its CEO Jeremy Weir said Jan. 27.
- US crude stocks see largest draw since July as exports surge, imports slow
US crude oil inventories moved sharply lower during the week ended Jan. 22 as exports surged and imports tested multimonth lows, US Energy Information Administration data showed Jan. 27.
- OIL FUTURES: Crude lacks direction amid US inventory draw, pandemic demand concerns
Crude prices lack direction Jan. 27 as the market weighed a bullish US crude draw against pandemic-dimmed demand outlooks.
- Shell receives LNG bunker license at Port of Gibraltar
Anglo-Dutch energy group Shell said its application for an LNG bunker license at the Port of Gibraltar has been approved.
- Brazil's Enauta again shutters Atlanta offshore field after brief restart
Brazilian independent oil and natural gas producer Enauta restarted and then nearly immediately shut down production at the offshore Atlanta field because of ongoing issues with subsea heaters, the company said in a statement Jan. 27.
- OIL FUTURES: Crude rallies amid larger-than-expected US inventory draw
Crude oil futures rallied in midmorning trading Jan. 27 on the heels of a larger-than-expected US inventory draw.
- US DATA: EIA says implied US diesel demand rises to more than 10-month high
Product supplied of distillate fuel oil -- an implied demand statistic -- in the US rose for the third straight week during the week ended Jan. 22, increasing to a more than 10-month high, showed data released Jan. 27 from the US Energy Information Administration.
- Rhine to reach flood level by weekend, stopping barge movements
The Rhine was set to reach flood levels in places in the next few days, lifted by heavy rain and snow-melt, which could stop the movement of barges, according to German waterways authority WSV and market sources on Jan. 27.
- Emerging market clean energy investment must triple to meet climate goals: IEA's Birol
**IEA signs 'strategic partnership' pact with major polluter India **Almost all emissions growth to 2050 to come from emerging countries **IEA to set out plans for emerging market investment boost in May
- Global carbon market grows 20% to $272 billion in 2020: Refinitiv
**Market shrugs off pandemic to increase further **International climate ambition driving growth in value **More than five-fold expansion since 2017
- China's Jan-Feb crude throughput may remain at high levels despite slow demand
**Throughput cut in Dec free up product storage **2021 maintenance season kick off in late Feb **Crude inventory rebound in Shandong
- REFINERY NEWS ROUNDUP: New refineries to increase Middle East product sales
Middle East oil product sales could reach 8 million-9 million b/d by 2023 as new refineries open up in the UAE, Saudi Arabia, Iraq and Oman, Glander International Bunkering senior sourcer Sean Burgin said.
- FUJAIRAH DATA: Oil product stocks slide to 8-week low as fuel oil exports soar
**Kuwait steps up fuel oil purchases **Middle distillates stocks snap longest losing streak **South Africa took gasoil/diesel as Platts expected
- Japan's oil and gas explorer Inpex launches plan for net zero carbon by 2050
**30% or more reduction in net carbon intensity by 2030 **To cut CO2 from upstream, develop hydrogen and renewables **Invest Yen20-30 bil ($193-$289 mil) annually in clean projects
- Singapore's Feb LSFO inflow from West seen higher than Jan
**2 mil-2.5 mil mt to arrive in Feb, up from 2 mil mt in Jan **Supply tightness seen easing on higher supply
- S KOREA DATA: Dec oil product exports drop 18.8% on year amid pandemic
South Korea's refined oil product exports in December 2020 dropped 18.8% year on year to 35.7 million barrels, or 1.15 million b/d, in the aftermath of the prolonged coronavirus pandemic, data released by Korea National Oil Corp. showed Jan. 27.
- S KOREA DATA: Dec oil products demand fall 11% on coronavirus resurgence
South Korea's demand for refined oil products in December 2020 declined 11.1% from a year earlier due to faltering consumption of jet fuel and automotive fuels due to the resurgence of the coronavirus, data released by Korea National Oil Corp. showed Jan. 27.
- JAPAN DATA: Oil products output during Jan 17-23 fall 1.3% on week to 18.55 mil barrels
Japanese refiners cut their oil products output by 1.3% week on week to 18.55 million barrels over Jan. 17-23, the Petroleum Association of Japan said Jan. 27.
- JAPAN DATA: Jan. 17-23 oil product exports jump 50% to 3.45 mil barrels
Japan's oil product exports jumped 50% week on week to 3.45 million barrels over Jan. 17-23, led by an increase in gasoline, middle distillates and high sulfur fuel oil exports, data released Jan. 27 by the Petroleum Association of Japan showed.