|JANUARY 28, 2021|
- China plans to stabilise freight rates
- Container freight demand seen high through the Lunar New Year
- Container freight rates seeing highest ever monthly highs
- Improved freight rates boost Hapag-Lloyd's operating result in 2020
- WCI hits its highest point since 2011
- ZIM announces pricing Of IPO
- Centre plans to increase Customs duty on dozens of items
- World Customs Organization dedicates 2021 to bolstering Recovery, Renewal & Resilience for a sustainable supply chain
- Haldia Oil Jetty shutdown today for urgent maintenance
- JNPT taking steps to finalise SEZ Draft Development Proposal
- Fortnight long AEO drive - Creation of facilitation Helpdesk
- DP World & UNICEF announce global partnership to support Covid-19 vaccination
- World economy to grow by 5.5 pc in 2021: IMF
|JANUARY 29, 2021|
- The industry remained lively
- Swiss hydrogen truck saves 80 t of CO2
- Critical cargo from China to Pakistan
- ETCS technology for German freight locomotives
- ESR Amagasaki DC wins award
- Calling for European airfreight solution
- More capital for Prologis
- Normandy ports look ahead
- Another step for eco-friendly transports
- Tackling HGV driver shortage
- Global challenges for binational airport
- App-access to Russian transport services
- "Grande Texas" sets sail
- Strong quarter for J.B. Hunt
- Two strategic promotions
- Rebranding across America
- "Curiosity of the Day"
- Corpus Christi floats on crude oil
- Henry hops on American aircraft
|JANUARY 28, 2021|
- Looming French strike will add misery to those using beleagured Channel ports
- Changing air cargo market drives forwarders back to operational drawing board
- 'Win-win' for shipowners, with charter market rates and vessel values soaring
- Acquisition-hungry JAS Worldwide buys Geopost forwarding subsidiary Tigers
- Surge in transhipment traffic pushes port of Tanjung Pelepas to a new record
- Strong Q4 the highlight of a difficult year for US forwarder CH Robinson
- FedEx unlikely to follow parcel-focused UPS out of the LTL sector
- Against the odds: Copenhagen burning - and the entire fish market with it
|JANUARY 28, 2021|
- Brødrene Aa books order for first three Aero concept ferries
Norwegian shipbuilder Brødrene Aa, which specializes in fast ferries with carbon fiber composite hulls, has been awarded an order worth NOK 220 million (about $26 million( to build three high speed catamarans
- ABB to power South Korea's first domestic zero-emissions ferry
South Korea's Haemin Heavy Industries shipyard has awarded ABB a contract to provide a complete power and propulsion solution for Busan Port Authority's first all-electric passenger ferry. The order for the ferry
- Kirby reports on "extremely challenging year"
"Undoubtedly, 2020 will be remembered as an extremely challenging year," said David Grzebinski, president and CEO of America's largest tank barge operator, Houston-headquartered Kirby Corporation (NYSE: KEX), as the company today reported
- Keppel O&M to exit offshore rig building
Singapore's Keppel Corporation today reported a SGD 506 million (about $381 million) net loss for FY 2020 after taking impairments of SGD 952 million (about US$761 million) mainly due to the offshore
- New Biblia floating dry dock now under construction at Conrad
A 500-ton lift capacity floating dry dock designed by Mystic, Conn., based JMS Naval Architects for Biblia Inc. of Savannah, Ga. (see earlier story) is currently under construction at Conrad Shipyard, Morgan
- Biden actions on climate change have big implications across maritime sector
President Joe Biden yesterday signed a number of Executive Orders that follow through on a commitment to take aggressive action on climate change that began on his first day in office with
|JANUARY 28, 2021|
- China Merchants trims cost burden with big asset impairment
However the company still forecasts a 66%-84% increase year on year in net profits to Yuan2.7bn-3bn for 2020, despite the...
- A year to be proud
We should take a moment to appreciate and be thankful for the work put in by everyone on the waterfront...
- Dwell times hit 'alarming' highs in Southern California ports
The number of containers that exceeded five days was among the highest recorded by PMSA, with 26% of containers staying...
- 'Piracy threat in the Gulf of Guinea is untenable'
'A common front from both the state and the private sector is key if we want to end the threat...
- Intercargo marks milestone with appeal to dry bulk owners
John Platsidakis warns that the industry's ability to invest in ships to comply with upcoming regulations on emissions is contingent...
- Digital capabilities must be at the heart of shipowners' and managers' strategy
Anglo-Eastern is implementing an integrated system that provides shore management teams and shipowners with instant, real-time access to information
- Maersk Tankers aborts second ship-to-ship transfer with Iran-linked vessel
Aframaxes Diamondback and Shanaye Queen began STS around January 24, Lloyd's List Intelligence vessel tracking data shows
- Responsibility for boxship stack collapses lies with supply chain
Ships and their operators are in the spotlight when container stacks collapse. But while container stowage and securing is the...
- Boxship manager makes contact with crew's kidnappers
Turkish technical manager Boden Denizcilik has received information that 15 seafarers kidnapped at the weekend in the Gulf of Guinea...
- Second Greek shipowner linked to Venezuelan oil cargo transfer off Malaysia
Aura loaded at Venezuela's Jose Terminal on December 10 and sailed directly for the anchorage, a well-known area for STS...
- EU green rules must not hinder shipping's energy switch, says SocGen head
Taylor argues that the exclusion of transitionary fuels and technologies, such as liquefied natural gas, from EU green guidance may...
- Fincantieri and French rival end merger talks
A proposed merger between Italy's Fincantieri and France's Chantiers de l'Atlantique has been called off due to the impact of...
- Economou buys MatlinPatterson stake in four LNG carriers
Greek owner George Economou has swiftly headed off a court battle with former partner MatlinPatterson by buying four liquefied natural...
- External pressure seen driving shipping's decarbonisation
Marine Money forum is told companies cannot wait for regulations to catch up. There were things that could be done...
- Thomas Miller Specialty moves marine claims handling from Hamburg to UK
'We are also focusing our efforts on making the Hamburg office an integral part of Thomas Miller Specialty and establishing...
- Stanford Marine debt restructuring saves 1,800 jobs
The deal with SHUAA Capital protects 1,800 jobs and gives Stanford Marine 'a new lease of life', says its chief...
- From the News Desk: Decarbonisation projects building steam
The possibilities of nuclear molten salt reactors and solid oxide fuel cells for propulsion are great, even if still remote...
- Wärtsilä expects boost from vaccine roll-outs after 'significant' impact of pandemic
Eskola says 2020 'proved to be an unprecedented year' with expectations for the near-term demand environment to be similar. Visibility...
- Polarcus aims to restructure after defaulting on debt
Polarcus says it 'intends to pursue all available options with a view to ensuring the financial sustainability of the company...
- Weekly briefing: Tankers tackle shrinking demand; China looms large for bulk trades
Tanker tonne-mile demand contracted considerably last year and this year looks no more favourable with spot earnings for VLCCs, suezmaxes...
- Globus to raise $16.3m from latest share placement
Globus has been taking advantage of a brighter dry bulk market in the early weeks of this year, locking several...
- Daily Briefing
Free to read: Tankers doldrums underscored as tonne-mile demand shrinks 6.4% | New Maritime UK chair looks to shake up...
|JANUARY 28, 2021|
- Acquisition nets JAS Worldwide e-commerce logistics capabilities
- European software startup takes aim at empty container availability
- Asia import growth in 2020 concentrated in largest US ports
- More GRIs await Indian shippers roiled by ocean capacity woes
- Biden administration likely to revisit HOS reform: SMC3
|JANUARY 28, 2021|
- Eagle Bulk buys fourth Scorpio ultramax, using combined cash-shares deal
- Opec+ and vaccine emerge as wildcards in slow tanker markets
- Kirby looks toward second half after full-year loss
- Zim stumbles from starting gate in first trading, plunging 23% after IPO
- Danaos Corp offers $300m in debt as part of major refinancing
- Concordia looks to second-half recovery after year it would rather forget
- Chinese leasing houses set for growth at a slower pace
- Clarksons Platou says fears of boxship rate drop 'overblown'
- Georgiopoulos partnership emerges as lead investor in huge US methanol project
- Uniper ups its LNG shipments by almost 68% in 2020
- China Merchants Energy Shipping takes heavy non-cash charges for 2020
- Trafigura widens hydrogen investment as it banks $484m bond
- Pareto Bank adds more shipowners and vessels as lending rises
- Sumitomo Mitsui FL becomes first leasing company to join Poseidon Principles
- Shipping seeks clear rules that embrace decarbonisation transitionary period
- UK court clears 'eye-watering' port lay-up fees for CMV cruiseships
- Okeanis eyes 'broader capital pools' after fast-tracked transfer to main Oslo board
- Former Fred Olsen Energy drillship set for sale to Turkish Petroleum
- Effort to create giant of cruiseship building falls apart
- Rescue operation launched as bulker runs aground off Turkey
- AP Moller-Maersk moves to block video showing Maersk Essen cargo damage
- SM Line plots IPO debut on Korea Exchange
- 2020 Bulkers books its first annual profit after another good quarter
- Marinakis acquitted in Greek football trial
- Stolt-Nielsen sees hope for chemical tankers after bleak winter
- Will December deals on TMS Cardiff Gas vessels still stand?
- Bulkers and heavylifters muscle in on boxship trades due to shortage
- Come on, UK Chamber of Shipping - it's time to rock the Brexit boat
- Wartsila takes action on costs as second Covid-19 wave hits
- Sinokor strikes charter deal with Trafigura for VLCC duo on sales block
- Braemar sells half its stake in technical spin-off as broking focus continues
- Technomar clocks up seventh boxship buy since August
- Newly merged Liberty Pier looks to green energy shipping projects
- Will female quotas chip away at German shipping's glass ceiling?
- Eastern Pacific beats CO2 reduction target two years ahead of schedule
- Painful punishments dished out to keep piracy at bay in Asia
- HMM looking at alternative fuels for next newbuildings
- Zim scores shipping's first New York IPO since 2015 with below-range pricing
|JANUARY 28, 2021|
- Commentary: Breaking the backbone of trade
China's latest maritime measure to control the spread of the coronavirus will add to the clog of containers at ports.
|JANUARY 28, 2021|
- Middle East gasoil supply tightens as cargoes move to Asia: traders
Rising demand for gasoil in Asia has caused a sudden tightening of supply in the Middle East, but this may change in the coming months, industry participants said on Jan. 28.
- BRAZIL DATA: Biodiesel output grows, ethanol sinks in pandemic-marred 2020
Brazil's biofuels production was mixed in 2020 amid the world's second-deadliest coronavirus outbreak, with biodiesel advancing for a fifth consecutive year and ethanol retreating on social-distancing measures, according to National Petroleum Agency data.
- USAC ULSD demand increases on cold weather as stocks continue to draw
Ultra low sulfur diesel stocks on the Atlantic Coast drew for the second consecutive week, falling 1.844 million barrels to 54.39 million barrels during the week ended Jan. 22, US Energy Information Administration data released Jan. 27 showed.
- RINs reach four-year highs amid policy, feedstock support
Prices for renewable identification numbers (RINs) reached their highest since late 2016 on Jan. 27 amid broad support from an ongoing rally in soybean oil futures
- OIL FUTURES: RBOB climbs on bullish demand outlooks, pandemic weighs on crude
RBOB futures settled higher Jan. 28 on the back of lower-than-expected US unemployment figures, but pandemic-driven demand growth concerns pushed the rest of the oil complex lower.
- Valero expects more normal oil markets by the third quarter
Valero Energy expects refined product demand to gradually pick up in the second quarter of 2021 and be close to normal by the third quarter as coronavirus vaccinations increase along with personal mobility, which will shift disposable income spending toward funding pent-up travel demand.
- Venezuela's PDVSA importing crude, naphtha to avoid drop in refinery runs: sources
Venezuela's state-owned PDVSA in February will depend on imports of light crude oil and naphtha to maintain production of blended crude in the Orinoco Belt, and to assure production of gasoline and diesel in its refining system, according to internal reports and one company official.
- Russia to broaden ties with France for hydrogen, sustainable energy projects
Russia intends to broaden its energy partnership with France to include projects in the sector of sustainable energy, including hydrogen, energy minister Nikolay Shulginov said Jan. 28.
- Belgium hydrogen coalition sees import potential for fuel: study
**Fluxys, Engie, DEME, Exmar and Belgian port authorities involved **Ammonia, methanol and synthetic methane 'most promising carriers' **Imported renewable energy priced at Eur65-90/MWh in 2030-35
- Bunker Holding to close brokerage LQM's London office
Marine fuel supplier Bunker Holding is to close the London office of its trader-brokerage LQM Petroleum services following a volatile 2020, Bunker holding said in a statement Jan. 27.
- ULSD trans-Atlantic shipments divide market on potential arb opportunities
**Splintered freight rates and HOGO blur arb economics **Vessel fixtures emerge despite trader sentiment
- European flight, mobility levels shrink further despite slowing COVID-19 spread
**Commercial air traffic falls to 72% below 2019 levels **Economic mobility falls in Spain and Italy **Lockdowns seen holding on fears over new strains
- INTERVIEW: South Africa to grow more reliant on fuel imports as refinery closures loom: SAPIA
**Country's refining sector under threat, all plants under review **More economical to convert refineries into import terminals **Unlikely to see any refinery upgrades in near future
- REFINERY NEWS: Spain's Repsol to produce renewable hydrogen at Bilbao
Spain's Repsol has joined the H24All consortium as lead partner as the project seeks European funding for a 100 MW alkaline electrolysis plant in Bilbao to produce renewable hydrogen, the Spanish oil and gas company said Jan. 27.
- S Korea's delivered LSFO prices climb above LSMGO on tight supply
"It's very tight, even though demand is less, supply is even lesser," a trader said.
- Japan high sulfur bunker fuel premiums hit 14-month high on robust demand
Competing demand from power plants
- Hapag-Lloyd improves 2020 operating results on high freight rates, lower bunker prices
In 2020, S&P Global Ratings upgraded Hapag-Lloyd's credit rating with a positive outlook.
- Singapore's Eastern Pacific Shipping surpasses CO2 reduction targets ahead of schedule
Over the next few years, EPS will add LNG and LPG Dual-Fuel vessels across various segments.