|AUGUST 20, 2020|
- Atit Mahajan takes charge as Managing Director of CMA CGM India
- Maritime industry's transition to IMO sulphur regulation was not all smooth sailing, shows survey
- Mauritius oil spill puts spotlight on ship pollution
- US suspends agreement on shipping tax exemptions with Hong Kong
- India may export 1-1.5 million bales of cotton to Bangladesh
- Reducing import duty on tea seen detrimental to the interest of growers, workers
- Steel imports up 10 pc in July
- Streamlining of UQCs in Bills of Entry and Shipping Bills
- Development of innovative digital platform being facilitated by Port of Antwerp
- DP World announces resilient financial results for H1
- India's GDP to grow 9 pc in 3 years if it removes frictions exposed by Covid-19 crisis: PwC
- World merchandise trade saw steep fall in Q2 but partial uptick seen in Q3, says barometer
- Ministry of Shipping signs MoU for skill development in maritime sector
|AUGUST 21, 2020|
- Austrian fibres en route to China by train
- NFI acquires CAI Logistics
- Stacey J. Brown joins DB Schenker Americas
- Indian Railways introduces drone-based surveillance
- ZIM passes threshold
- Saudia Cargo returns to Shanghai in force
- Lufthansa Cargo's pharma facilities in Munich and Chicago
- Ocean Technologies Group appoints CFO
- Swissterminal targets Comco
- Astre launches new wines and spirits service
- US railway honours safety performance
- Windy summer season around the Baltic Sea
- "Curiosity of the Day"
- DFI builds on plot of former power plant
- Pacific seafood shipments shifted to rail
- Freighter version of largest Cessna begins tests
|AUGUST 20, 2020|
- No respite for parcel shippers as FedEx and USPS unveil more surcharges
- New mega-containership arrivals risk upsetting the balance on box trades
- Zim joins fleet of carriers reporting proftable Q2 despite declining volumes
- Equipment shortages in China a new blow to shippers
- DP World's 'resilient' results support diversification strategy
- Supply chain radar: FedEx, UPS know their trade but what next after Amazon?
|AUGUST 20, 2020|
- Great Lakes Dredge books contracts worth $117.8 million
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) today reported the receipt of several major dredging awards totaling $117.8 million. The awarded work includes: Mississippi River, Baton Rouge to Gulf of Mexico, Head
- Washington State project aims to speed up development of fast foil ferry
A consortium of Washington State players in the blue economy has launched a Joint Innovation Project to speed the design of a fast foil ferry, an innovation that promises a leap forward
- Tanker reportedly hijacked off Somalia
Maritime security specialist Dryad Global says that reporting suggests that the Panama-flagged chemical vessel Aegean II IMO: 9016911 has been hijacked off the Horn of Africa. If true, this would be the
- Seaway pilots take delivery of Gladding-Hearn pilot launch
Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass,, has delivered a Chesapeake class pilot boat to the Saint Lawrence Seaway Pilots Association in Cape Vincent, N.Y. The Seaway pilots navigate ships in and out
- Mackay Marine preps for sea trials of Canada's third OFSV
Canada's third Offshore Fisheries Science Vessel (OFSV), the future CCGS John Cabot, recently launched by Seaspan's Vancouver shipyard, features a broad array of electronics integrated by Thales Canada, whose team includes Mackay
- Delivery of E-Motion river cruise ship delayed
Germany's A-ROSA Flussschiff GmbH reports that delivery of its innovative new E-Motion river cruise vessel, originally planned for May 2021, has been postponed until March 2022 as a result of disruption to
- Ocean Technologies Group names Maarten Van Gool CFO
Experienced technology executive Maarten Van Gool has joined Ocean Technologies Group, as Chief Financial Officer. Van Gool's experience in technology businesses spans three decades with blue-chip organizations building strong fiduciary controls and
- Norway expels Russian in DNV GL employee spy case
Norway's Foreign Ministry on Wednesday expelled a Russian diplomat linked to a case in which an employee of DNV GL was taken into custody by PST, the Norwegian security agency, on August
|AUGUST 20, 2020|
- Malta urged to resolve stuck Maersk tanker with 27 rescued migrants
Maersk Tankers has requested the Danish, Maltese and Tunisian governments to quickly find a resolution and disembark 27 migrants stuck...
- Iran-UAE vessel seizures likely a 'local dispute', security observers caution
Iran seized a UAE vessel on Monday after UAE coast guards shot dead two Iranian fishermen. Security sources said the...
- Höegh LNG seeks long-term FSRU contract coverage
Höegh LNG says it is looking at long-term contract coverage as demand for gas starts to recover ahead of the...
- Navios posts second-quarter loss as dry bulk rates shrink
Navios's second quarter of the year financial results revealed a net loss of $35.3m, which was a marginal improvement on...
- A total of 14 seafarers missing after ships collide
A tanker and a barge collided off China leading to the barge to sink and the vessel to catch fire
- US retaliation challenges Hong Kong maritime hub prospects
Liner shipping carriers operating on the transpacific trade are said to be among the hardest hit from Washington's move to...
- New appointments reveal Ocean Technologies' strategy
Ocean Technologies Group chief executive Manish Singh has led several acquisitions and approved three major senior executives in just six...
- Saudi Arabia ports prohibit open-loop scrubbers
The decision by Saudi Arabia adds to the number of jurisdictions that have prohibited use of the open-loop exhaust gas...
- Maersk's strategy U-turn since the 2009 financial crash pays dividends during pandemic crisis
Blanked sailings and idle ships are likely to become a feature of container shipping as carriers, such as Maersk, follow...
- Yard Talk | Shiprecycling recovery gains momentum
Prices in the Indian subcontinent markets have broken into $300 per ldt territory and may even climb to $400 per...
- State must help bankroll Greek ferry sector, says analyst
Analysts argue that investors and financiers need to act prudently to avoid the immediate collapse of companies, but the only...
- A dismal winter forecast for LNG shipping
Poten & Partners predicts that LNG shipping rates may peak at less than half of last October's seasonal high, slammed...
- Shipmanagers slam Singapore over seafarer repatriation restrictions
Shipmanager group InterManager has criticised Singapore for introducing tougher quarantine and immigration policies that it claims prevent most owners and...
- Daily Briefing
Free to read: Maersk lifts profits and crew repatriation efforts | Box lines eye volume recovery | Wakashio spill latest...
- US bonds source of liquidity for selected owners
Watson Farley & Williams global head of marine Lindsey Keeble and senior capital markets partner Simon Ovenden, and the firm's...
- Rising retail sales boost US west coast throughput
The increased sales to consumers across the country are boosting business for ports up and down the west coast, but...
|AUGUST 20, 2020|
- ATA files FMC complaint against container lines, chassis manager
- Short-sea carrier buy boosts DP World's India market control
- UP levying $3,500 surcharge on small shippers out of LA
- JOC Uncharted: Parcel shippers need to diversify peak season carriers
- CMA CGM launches expedited LA trans-Pacific service
|AUGUST 20, 2020|
- US moves to force UN to put Iran sanctions back in place
- Hoegh LNG beats analyst expectations as leadership combines
- Carnival expected to stay within secured debt threshold
- Strong tanker FFA values underline hedging needs rather than bullish outlook, Alphatanker says
- Back-and-forth aggression sees Iran detain UAE vessel
- Titan LNG expands bunkering operations into Germany
- Japan Marine United declares Covid-19 outbreak over
- Shipping stocks fall short of S&P 500 comeback story
- Frangou's Navios Maritime to list logistics offshoot in Brazil
- Tanker burns off China after smash, leaving 14 crew members missing
- Profit growth fuels rise in Glastad family book equity in holding company
- Kamsarmax sale shows potential for rising bulker prices
- Bruised FSRU players outline LNG project hurdles
- FSRU projects mushroom with conversions making a comeback
- Wallenius Wilhelmsen tries for bond after $69m loss
- DSME outlook turns bleak as LNG newbuilding market weakens
- Braemar starts probe after swathe of shareholders vote down pay report
- OCIMF gives remote vetting guidelines to SIRE inspectors
- Hoegh LNG targets nine project with three open FSRUs
- Japanese shipowners start to take back Pacific Carriers' bulkers
- KCC pursues new combination carrier trades as charter lengths likely to stretch
- Golden Ocean panamax trio lead off Arctic dry bulk season
- Cruise asset values sink further under Covid-19 grip
- Prima Marine set to benefit from more flights and tanker acquisitions
- Ocean Agencies orders ultramax bulker newbuildings at New Dayang Shipbuilding
- Saudi Arabia joins list of countries banning open-loop scrubbers
- Branson calls on shipping to clean up its act after Wakashio spill
- Shipping set to pay for Mauritius pollution disaster as clean-up bill mounts
- Telemedicine on call for crews during coronavirus crisis
- Swing to spot tanker exposure propels Odfjell back into profit
- Intercargo calls for 'transparent' investigation into Wakashio incident
- Genting Hong Kong to suspend interest and charter payments to preserve cash
- Hoegh LNG top guns to take over at master limited partnership
|AUGUST 20, 2020|
- Truckers seek $1.8B from ocean carriers for alleged chassis overcharges
The American Trucking Associations' Intermodal Motor Carriers Conference seeks to put an end to alleged price manipulation of container chassis usage between ocean carriers and...
- TSA names industry members to aviation security committee
The Transportation Security Administration doesn't have all the answers for securing airports, passenger flights and air cargo, so it relies on industry advisers. Four new...
- FMCSA approves 'performance-based' chassis inspection training
The Intermodal Association of North America said the federal agency's signoff allows more efficient training and helps recruit and retain equipment mechanics.
- Breaking news: Port of Montreal union will move critical goods
Maritime Employers Association announces longshore workers will handle 'controlled substances and COVID-19-related merchandise.'
|AUGUST 20, 2020|
- Bunker prices in the Pacific Northwest hike to July levels on strengthened demand, tight avails
Prices for bunker fuels in Vancouver and Seattle rose this week to levels last seen in end-July due to an increased demand coupled with tight supply, according to market sources.
- Port of Gothenburg sees H1 container, energy product volumes grow despite COVID-19
The port of Gothenburg, in Sweden, saw energy product volumes in the first half of 2020 rise 22% on the year to 11.8 million mt, with H1 container traffic up 4% year-on-year to 401,000 twenty-foot equivalent units (TEUs), the port authority reported Aug. 20.
- OIL FUTURES: Crude oil dips after recovery concerns raised by Fed, OPEC+
Rising US jobless claims and ongoing concerns about a slow economic recovery from the Federal Reserve and OPEC+ helped push crude oil prices down on Aug. 20, even though optimistic views were expressed about stronger oil demand by the end of 2020.
- OIL FUTURES: Rising unemployment and coronavirus cases push crude prices down
Rising US jobless claims and ongoing concerns about a slow economic recovery from the coronavirus pandemic combined to push crude oil prices down Aug. 20, even though OPEC+ expressed optimism about stronger oil demand by the end of 2020.
- OPEC+ data reveals extent of oil quota non-compliance that must be compensated
OPEC+ members that exceeded their production quotas will have to cut an extra 2.31 million b/d as compensation by the end of September, the alliance's data shows, keeping a lid on output as compliant members are allowed to ease back from historic output restraints.
- September-loading West African crude left unsold as demand wanes
West African crude grades have been hit by a fall in demand from key buyers in China and India, and, with interest from refiners in Europe only sluggish at best, a lot of September volumes have been left unsold as the market moves to start trading October cargoes.
- Saudi crude exports slump to record low as output hits 17-year low
Saudi Arabia's crude oil exports plunged to the lowest on record in June and production fell to the lowest in 17 years as OPEC and its allies continued their campaign to tighten the market.
- REFINERY NEWS: Russia's Omsk, Moscow increase diesel output in H1
Russia's Gazprom Neft said that its Omsk and Moscow refineries increased diesel output by 1.6% in the first-half to 4.48 million mt. Gasoline output remained steady at 3.91 million mt, whereas the production of bunker fuel was 8% higher at 1.38 million mt.
- JAPAN DATA: June bonded bunker fuel oil sales fall 1.7% on month on weak demand
Japan sold 2.5 million barrels of bonded bunker fuel oil in June, down 1.7% from May but up 24.2% from a year ago, the latest Ministry of Economy, Trade and Industry data showed.
- Vietnam's July gasoil imports hits over 2-year high on firm demand
Vietnam's gasoil imports jumped to more than a two-year high in July, as the country's requirements for the middle distillate product remained firm amid an early loosening of coronavirus-related restrictions.
- Bangladesh to trim Sep HSFO imports on weaker demand, lower-priced stocks
Bangladesh, one of the major buyers of high sulfur fuel oil from Singapore, plans to trim its September imports by about 7% from August, with importers expecting weaker demand and eyeing low-priced stocks purchased earlier, the president of Bangladesh Independent Power Producers Association said Aug. 18.
- Panamax/Kamsarmax market regains strength in ECSA despite seasonal norms
Increasing Chinese demand has supported Panamax/Kamsarmax freight rates in east coast South America despite seasonal harvest changes in the region, according to sources Aug. 20.
- Singapore 180 CST HSFO cash differential jumps to 6-month high on tight supply
The Singapore 180 CST high sulfur fuel oil cash differential over swaps values jumped to a six-month high on Aug. 19 due to supply tightness in the region, led by strong demand from the US and straight-run fuel oil requirements from Asian refiners.
- China Aviation Oil denies allegations of 'fraud' in gasoil cargo trade
Singapore-listed China Aviation Oil, Asia's biggest jet fuel trading house, has denied allegations of "fraudulent" trade of a gasoil cargo made by Swiss bank BCP and the company said in a statement Aug. 20 that it intends to defend itself against the bank's legal and financial claims.
- Listen: Jet fuel rises above coronavirus with a new, greener assessment