|OCTOBER 7, 2020|
- Hapag-Lloyd gets improved credit rating
- Swire Shipping to offer fixed-day fortnightly service connecting North Asia with Papua New Guinea & Australia
- DGTR initiates probe to review anti-dumping duty on certain steel products
- APSEZ throughput up in Q2 FY21
- Ministry of Shipping makes key personnel changes at Deendayal Port Trust
- MoU inked to raise profile of bulk cargo handling & terminals
- Port sector witnessing deceleration in cargo decline & will benefit from reform impetus: ICRA
- Air cargo market sees uptick in volumes & revenue
- Cargo would help revive the aviation sector: Experts
- Etihad Cargo reinforces pharmaceutical shipment expertise with PharmaLife launch
- Sattva Logistics Group commences 7th Customs Notified CFS/ICD
- Corporate India looks forward to steady economic recovery
- Global trade showing signs of bouncing back; 7.2% rise in 2021 seen probable
- Sectors identified to achieve self-reliance, boost exports
- Illegal trafficking linked to Covid-19 neutralised
- Looming cash crisis threatens airlines
- Recovery in global rubber consumption seen in Q3
|OCTOBER 8, 2020|
- On the home straight
- ITJ Video News from 8 October 2020
- Ports to have new rail links to Europe's hubs
- "Luna Rossa" ready to compete
- New chairman and CEO for Yang Ming
- Further boost for express China rail service to UK
- Joint depot company founded in Port Klang
- KMT starts operations in Cameroon
- Transporting human albumin in times of Covid-19
- Female logistics leaders are rated higher
- US rail company expands in Illinois
- Xpediator swallows Nidd Transport
- Indian Register celebrates 10 years in IACS
- Sri Lankan's Spark Air in the starting block
- Passing of former NY/NJ top forwarder and broker
- "Curiosity of the Day"
- Rail transport in Russia becomes cheaper
- Handling United Cargo in Pittsburgh
- DSV extends Panalpina warehouse
- JV for storage in Indonesia
|OCTOBER 7, 2020|
- Rising air freight load factors and rates a 'toxic combination' for shippers
- Dean Temple leads new team at new John Good Logistics US office
- Industry leaders call for supply chain interoperability between modes
- Transpacific payback from rates spike greater for carriers offering more capacity
- Freighter tax plan is 'stupid' and 'a major negative' for Dutch supply chains
- Australia extends subsidies for air cargo until June and looks away from China
- The search for a single set of standards to service today's supply chains
- Boeing predicts lower freighter demand in new market outlook
- Eric Erbacher rejoins Chapman Freeborn as Russi Batliwala steps up a rung
- Supply chain radar: Hapag-Lloyd and CMA CGM celebrate as 'junkiest junk rallies'
- M&A radar: Kites flying as XPO puts a finger in the wind
|OCTOBER 7, 2020|
- Golden Ray salvage faces delay of "several weeks"
The St. Simons Sound Incident Unified Command working on the salvage of the capsized car carrier Golden Ray says that cutting and lifting operations on the wreck will be delayed for several
- Top charterers agree to disclose shipping climate footprints
Adding to the pressures on ship operators to reduce GHG emissions from their fleets, a group of some of the world's most significant charterers of vessels have signed a commitment to assess
- Q&A: John Eckstein, Executive Chairman of Marquette Transportation Company
After 30 years with Marquette Transportation Company, Paducah, Ky., John Eckstein has assumed the role of executive chairman of Marquette and transitioned his duties as CEO to the company's president, Damon Judd. In this
- EPA: New vessel discharge rule in works
The U.S. Environmental Protection Agency (EPA) yesterday proposed standards to reduce the environmental impact of discharges, such as ballast water, that are incidental to the normal operation of commercial vessels. When finalized,
- Alfa Laval PureCool enables up to 50% methane slip reduction
As pressures to reduce GHG emissions from ships grow, methane slip from LNG fueled engines could well become the target of future regulations. Though LNG produces less CO2 than conventional fuels, a
- ABB's Schwarz honored with Kings Point McReady Award
Edward Schwarz, Vice President at ABB Marine and Ports, has received the United States Merchant Marine Academy's Admiral McCready Award, becoming its 51st recipient. Schwarz (a 2000 Kings Point graduate) leads ABB's
- IMO updates safe crew change protocols
The International Maritime Organization (IMO) has updated its protocols for ensuring safe crew change during the COVID-19 pandemic. Currently, IMO says, some 400,000 seafarers from across the globe are now stranded on
|OCTOBER 7, 2020|
- Evergreen Marine appoints new chairman
Change at the top at Evergreen Marine comes a few days after compatriot line Yang Ming also announced a new...
- Shipping, hackers and the law
With cyber crime against the shipping industry back in the spotlight, law firms and insurance companies with advice on extortion...
- Dishonesty in collision case evidence now increasingly harder, says QC
'While the VDR data makes it easier to say what went on, whatever anybody says, it remains critical to get...
- BPA welcomes more inclusive freeport plan
The UK government has placed emphasis on freeports as a means of economic growth following both Brexit and the pandemic...
- Benefits of green retrofits for older ships being 'overlooked'
Retrofitting of older tonnage can reduce consumption by up to about 12% depending on ship type and can be made...
- Weekly briefing: Carriers make calls on future fuels; bleak energy outlook
Shipping's green efforts took several steps forward this week with announcements that container carriers are backing new fuels, while Singapore...
- Charterers urged to follow IMO on emissions reporting
The International Chamber of Shipping believes a new emissions reporting initiative by major charterers has 'interesting ideas' but should be...
- IMO urges 'strict adherence' to pandemic rules
The International Maritime Organization added recommendations to prevent infection on board when seafarers join their ships. The updated protocols come...
- Changing Lanes: Container trade faces challenges beyond pandemic
MDS Transmodal assesses events beyond the pandemic that are affecting the dynamics of global containerised trade, including Brexit, WTO leadership...
- LNG bunkering expansion not hindered by methane slip concerns
Total is one gas producer working to contain methane emitted from its upstream operations
- Shortcomings dampen impact of global issues monitor
The issue with the greatest impact on shipping was thought to be global economic crisis, followed by decarbonisation, and pandemics...
- Global container volumes jump on unlikely peak season
Latest official figures for August show container freight numbers climbing above last year for the first time in 2020 following...
- Investing in shipping requires patience, say Greek owners
Long-term institutional investors who understand the nature of shipping markets are what is needed rather than 'day traders' or investors...
- Frontline chief Robert Macleod steps down
Frontline said Macleod has decided to step down from the helm of the tanker company. Frontline commercial director Lars H...
- Daily Briefing
Free to read: Shipping industry expects post-pandemic economic crisis | Euronav chief backs 'gradual' carbon levy | India to surpass...
- ICTSI starts operations at Cameroon port terminal
The port is strategically located in the centre of oil and gas production areas in the Gulf of Guinea and...
- Shipping sees off-spec fuel as a major concern
Industry survey raises concerns over developments of off-spec low sulphur fuels and an increase in contamination cases
- US short-term energy outlook remains uncertain
The rate of global oil demand growth slowed in August and September compared with the initial recovery in June and...
- Gulf of Mexico battening down ahead of Hurricane Delta
Ports along the US Gulf Coast remained open as of Tuesday evening, but the US Coast Guard is scheduled to hold...
- Lloyd's Register sells energy business to UK private equity
The divestment of its energy business come as part of a structural review of LR's business and midway through a...
|OCTOBER 7, 2020|
- No relief in sight from high spot truckload rates
- Surging US import growth slowed slightly in September
- FMC examining ocean carriers' demurrage/detention billing
- MPV/HL charter rates continue to recover amid fresh consolidation
- Small gains show in H1 port efficiency amid COVID-19 disruption
- Carrier profits to surpass H1 2020, but 2021 outlook uncertain: analysts
|OCTOBER 7, 2020|
- Bangladesh's Meghna back in China for ultramax quartet
Company approaches three Chinese shipyards for up to four 63,500-dwt ships
- Banks take back Hermitage PSV fleet at 62% of outstanding debt
Tidewater outduels rival for acquisition of 11 crew boats at auction Wednesday
- Bulk cargo challenges container shipping in decarbonisation contest
Container industry's Clean Cargo initiative should improve emissions reporting standards and learn from Sea Cargo Charter, says researcher Tristan Smith
- IMO 'ready' to talk carbon tax when member states propose it
November meeting will discuss proposals for future fuels fund
- BW Group pumps investment into waste-to-fuel company Ductor
The Singapore shipowning giant has taken a major stake in a biotech company that focuses on fermenting waste
- BP joins Getting to Zero Coalition and Global Maritime Forum
Panelists at GMF meeting call for carbon tax, regulation, collaboration and leadership
- Windward to help EU agency fight drugs crime
Maritime intelligence company will provide predictive AI analytics to help catch smugglers in narcotics clamp down
- Angeliki Frangou and her brother John square up at trial in London
Trial in London this week will aim to settle the siblings' complicated business arrangements
- Euronav to recycle sales cash into debt cutting and renewal
Belgian tanker giant has also replenished some of the stored VLSFO on its ULCC Oceania
- Sovcomflot eyes new investment after raising $550m in Moscow IPO
Russian state shipowner's stock falls below offer price after debuting at lower end of expected range
- Global Mercy: a happy blend of hospital ship and Stena ferry
Mercy Ships' newbuilding took a long time to build as it was the first complex passenger vessel ordered in China
- ShipServ seeks sustainable ship supplies system with new platform
Online maritime procurement site adds green credentials to upgraded simple and secure trading system
- China's hunger for iron ore lifts capesize bulker values
Smaller asset-class valuations remain mostly flat amid less demand for coal and grain, according to VesselsValue
- ERS Feeder Pool adds Transworld containerships in expansion drive
Two feeder vessels added as German-managed pool sets sights on Asia
- Unipec turns active in period charter market amid weak tanker rates
Tanker market's dominant spot player seen hedging against market volatility by fixing five ships in recent weeks
- Strong box rebound causes Moody's to switch stance on Maersk
Ratings agency upgrades outlook to positive after owner shows resilience during pandemic
- Is it time to drop the idea of annual P&I policies in turbulent times?
Global Maritime Forum hears some radical views on how the shipping insurance sector needs to change during the pandemic
- Founding editor's top five stories from TradeWinds' first five years
Trond Lillestolen, TradeWinds' first editor-in-chief and publisher, selects the stories that shaped its early years
- Clarksons brings in Sue Harris to replace director Marie-Louise Clayton
Experienced finance executive will take over running of audit and risk committee at UK shipbroking group
- Sea Cargo Charter: What is it? How will it affect my business? And will it work?
Key questions about the new 'charterers' charter'
- Shipping gains fail to keep Courage Investment Group in the black
Non-maritime investments wipe out rising profits of Hong Kong company's marine transport activities
- Bottiglieri family removed from historic Italian shipping company
Family rumoured to be plotting relaunch after their exit from Giuseppe Bottiglieri Shipping Co
- More aged tankers sold in secondhand market as earnings prospects weaken
Some owners are divesting from ships aged 15 or above
- Shipowners will not 'sit passively by' as African kidnap numbers rise, Bimco says
Group urges Nigeria to step up efforts to safeguard seafarers as Joint War Committee extends risk zone
- Cargo Day aims to keep up and widen good work raising funds for Mercy Ships
Fundraisers hope to match or better last year's $1.3m this November - as new ship doubles medical capacity but also operating costs
- Andy Dacy: Veteran has seen a lot of markets and he likes what's to come
Banker turned investor and asset manager sees better supply-demand balance while sticking to conservative approach
- Lloyd's Register sells energy business to UK fund after review
Strategic rethink leads class society to see sale as best way to realise long-term growth potential of unit
- Fire ravaged VLCC New Diamond said to be heading to Fujairah
Reports suggest that it would be too risky to discharge the tanker at any of India's ports
- Frontline CEO Robert Hvide Macleod steps down on 'very friendly terms'
Trusted Fredriksen tanker executive leaves with immediate effect to look after his own investments
- Zhoushan begins competition for Shanghai bunkering business
Regulatory approvals plus new fuel storage capacity will let boxships at Shanghai fuel with subsidised bunkers from Zhoushan
- Qingdao Yangfan resurrected with Delphis order for 5,500-teu containerships
Belgian shipowner linked to order of up to six high-reefer containership newbuildings
- Ocean Network Express searches for largest ships with least carbon footprint
ONE sniffs out large ships from charter market but remains mum on potential mega-max order
- Ocean Network Express pulls out the stops in 'roller-coaster' year
Chief executive Jeremy Nixon says company has 'maxed out' on capacity and can do little more in face of surging demand
- Sentosa Ship Brokers expands into India with industry veteran appointment
Singapore tanker shop sees move as stepping stone to further global expansion
- Singapore LNG bunkering capacity likely to hit 1m tonnes by 2021
City state also soon to launch request for proposal for additional LNG bunker supplier licences
- Westport Holdings chased by Malaysia's tax man over underpaid bill
Malaysian intra-Asian port disputes move and says it will appeal against any decision
- CDC aims to avoid 'premature' start to US cruising
Federal agency points out that Covid-19 has resurfaced on some resumed cruises
- Cargill, Trafigura and Shell lead landmark move by big charterers to cut carbon pollution
Seventeen major charterers commit to cut CO2 emissions from their cargo businesses through common standards in line with IMO targets.
|OCTOBER 7, 2020|
- FMC examines ocean carrier billing practices
U.S. Federal Maritime Commission steps forward with notice of inquiry to evaluate alleged ocean carrier abuse of "merchant" definition for bill of lading responsibility.
- Air cargo veteran White to retire as CNS president
Michael White has been carrying the flag for air cargo in the U.S. for more than two decades. He will retire at the end of...
- Commentary: Cargo keeps Alaska's skies very busy
Air cargo traffic keeps Ted Stevens Anchorage International Airport in the same league as FedEx's and UPS' super-hubs.
|OCTOBER 7, 2020|
- Gasoil, gasoline markets key to VLSFO pricing: Integr8
Gasoil demand is expected to return to pre-coronavirus levels quicker than gasoline, but both are key factors for very low sulfur fuel oil prices in the medium term, as combined they make up over half of its ingredients, according to a webinar presented by hosted by Integr8 Oct. 7.
- Indonesia's Abadi LNG project expected to start operations in 2027: Energy minister
Indonesia's Abadi LNG project is expected to start operations by 2027 as the country steps up measures to attract foreign investment in its oil and gas sector, its energy minister said in the run-up to the Japan Producer-Consumer Conference 2020.
- Lack of containers, high rates hurting Indian business as demand picks up: export body
A lack of container availability in India is hurting the export sector and posing a "serious concern" over meeting delivery commitments to foreign buyers, the Federation of Indian Export Organisations (FIEO) said Oct. 7.
- OIL FUTURES: Oil declines on US crude build, stimulus bill uncertainty
Energy prices retreated Oct. 7 amid uncertainty surrounding the future of US stimulus-bill negotiations and rising US crude inventories.
- Hydrogen, biofuels to form key bunker fuel options to achieve decarbonization: MSC
MSC Mediterranean Shipping Co. is exploring the viability of hydrogen and fuels derived from it as a possible fuel source, and also is increasingly using biofuels within its existing fleet, the global container shipping company said in a statement.
- Stronger case for scrubber retrofits to emerge after market normalizes: BIMCO analyst
But even with the narrow bunker fuel price spread in the current market, investment in scrubbers are sound.
- Hafnia's fuel procurement, strategies lead to smooth IMO 2020 transition: executive
"For us, the decision to use LSFO has proven beneficial significantly quicker than we expected," Sorensen said.
- LNG could account for 10% of global bunkering by 2030: Total
Leprince-Ringuet said Total was already extending its reach into Asia and the Mediterranean.