|MARCH 16, 2021|
- Bahri Chemicals concludes long-term time charter agreement with UACC for 9 IMO2 MR chemical tankers
- CCFI dips by 3 pc
- Cotton export demand from China hits new high
- India slaps anti-dumping duty on drug from China
- Projections raised for maize exports
- Adani Ports bolsters its global footprint with Colombo Port's West Container Terminal
- New solution for release of containers at Antwerp port working well
- CONCOR offers 50 pc discount on rail freight tariff for movement of empty containers from gateway ports to ICDs/PFTs/CRTs
- No volume decline in Jan. & consequences of market volatility
- BIAL launches India's first dedicated Express Cargo Terminal
- Ryder Shipping Lines celebrates 10 years of success, rejuvenates with new logo & adds new premises with vision
|MARCH 17, 2021|
- Swiss railfreight company in the red again
- More revenue for Gebrüder Weiss
- Better rail access for Felixstowe
- Less congestion on West Coast?
- Willem van der Schalk hands over
- Germany promotes intelligent trailer technology
- Meachers purchases AFS Haulage
- A year of "preighters" and better DG handling
- FM Logistic banks on renewables
- River transport links Paraguay with Brazil
- TCA introduces new CEO
- Vaccines from China to Bahrain
- Dimerco's restructure strategy
- "Curiosity of the Day"
- Fuso eCanter used to deliver furniture
- Switzerland joins ICS2
- Joint efforts to strengthen Mexican maindeck capacity
- Analysing a decade's progress in Barcelona
|MARCH 16, 2021|
- Shippers brace for fresh price hikes in the 'new normal' for ocean freight
- As air freight rates start to fall, how long can passenger-freighters stay in the air?
- E-commerce-led recovery could drive contract logistics sector to new heights
- Sort out row over NI Protocol so logistics can start planning longer-term
- Zim invests in Wave BL blockchain tech in drive for paperless shipping
- Staff the star performers as Gebrüder Weiss expands turnover and footprint
- Air freight veteran Paul Rombeek is new senior director of Flexport's EMEA network
- Against the odds: Bitcoin balance sheets in logistics? No thanks, but...
- M&A radar: Kuehne + Apex - read on...
|MARCH 16, 2021|
- Schottel systems selected for versatile German Waterways Administration vessels
Three new LNG-fueled multi-purpose vessels ordered from the Abeking & Rasmussen shipyard (A&R) in Lemwerder for Germany's Waterways and Shipping Administration (WSV) will be equipped with Schottel propulsion systems. The tasks of
- Ardmore Shipping, Maritime Partners in JV with hydrogen fuel cell developer
A new joint venture aims to bring fuel cells using advanced methanol-to-hydrogen technology to the marine sector - including the inland waterways market. It has been formed by chemical and product tanker
- With two more CSOVs ordered, Edda Wind plans IPO
Norwegian offshore wind services vessel specialist Edda Wind is set for growth. The company has placed an order at Spanish shipbuilder Astilleros Gondan for two additional Commissioning Service Operation Vessels (CSOVs) and
- Tidewater makes two leadership promotions
Offshore services major Tidewater Inc. (NYSE: TDW) has named Sam Rubio as Chief Financial Officer and David Darling as Chief Operating Officer. "The leadership and ingenuity these two individuals have demonstrated by
- Barge slams into Gig Harbor docks and homes
Coast Guard members from Sector Puget Sound responded Monday when a barge smashed into private docks and homes near Gig Harbor, Wash. Watchstanders at Sector Puget Sound received notification from Pierce County
- Crowley teams with Esvagt in U.S. offshore wind JV
Jacksonville, Fla., based Crowley Maritime and Esbjerg, Denmark, headquartered Esvagt are partnering in a joint venture to bolster the supply of purpose-built Jones Act vessels to support the emerging U.S. offshore wind
- VIDEO: Spanish police seize first European-made narco sub
What's thought to be first semi-submersible narco sub to be built in Europe has been seized in a warehouse in the city of Málaga, Spain. The seizure was made as part of
|MARCH 16, 2021|
- Greek-owned fleet hits record 350m dwt
The world's largest fleet has grown by 70 vessels and 9.6m dwt in the past 12 months to stand at...
- Growing focus on offshore wind spurs tie-ups and IPOs
US-based Crowley Maritime joins forces with Denmark's Esvagt for new service vessels, while Edda Wind, a venture of Wilhelmsen and Østensjø...
- Call for military action to break stricken tanker deadlock
A maritime lawyer has called for a military resolution to break the deadlock over the floating storage tanker Safer amid...
- Shipbreaking compensation case faces big hurdles despite appeal win
Key issue is limitation period in claimant's domestic jurisdiction, lawyers argue
- Wärtsilä says scrubbers could store CO2 emissions
Wärtsilä says scrubbers could one day be used to capture CO2 emissions from ship exhausts because of technological advances
- Speculative boxship ordering returns as financial buyers eye sizzling container trades
Hyundai Heavy Industries has landed the deal, thought to be worth around $500m, as investors see long-term potential for container...
- Castor continues fleet expansion with kamsarmax deal
Kamsarmaxes have accounted for five of the company's recent purchases after the owner concentrated solidly on standard panamaxes last year
- UK exempts seafarers from travel quarantine rules
The UK's Department for Transport has announced that all seafarers, irrespective of nationality, will be exempt from the country's 'red...
- Hot dry bulk market spurs interest in secondhand ships
Asset values across the bulker spectrum from handysizes up to kamsarmaxes have increased by 40% in a short space of...
- Little relief in sight at US box terminals
Labour shortages and inland haulage problems continue to afflict ports on the west and east coasts of the US. Many...
- Cyber security means more than compliance
If depth of knowledge is helping ClassNK support owners in their transition through IMO's new cyber security regime, the society...
- Daily Briefing
Free to read: Emissions levy proposal is a major turning point for shipping | Scrubbers and eco specs helping VLCCs...
- Panama seeks IMO's help for seafarers caught in China-Australia row
Panama said crew should not be involved in a commercial dispute, nor should their disembarkation be prevented, especially if their employment...
- Biden eyes infrastructure but maritime ranks low
The American Society of Civil Engineers said a port's success is reliant on the 'infrastructure outside of its gates, which...
- Ardmore Shipping launches hydrogen joint venture
'The E1 system is carbon-neutral when run on renewable methanol and can be built or retrofitted to run on ammonia,'...
- Korea Shipbuilding wins newbuild contracts worth $700m
Newbuilding deals are led by a quartet of very large crude carriers worth about $360m in total. Delivery is scheduled...
|MARCH 16, 2021|
- TPM21: US shipper demand for dedicated trucking accelerates
- JOC Rankings: Truckload carriers trimmed fleets in 2020 as revenues slid
- Forwarders launch new services to stay ahead of China-Europe rail demand
- GlobalTranz, MIT partner on LTL to truckload migration
- Time is right for a 'more than parcel' carrier
- Adani adds Colombo to yield synergies in India transshipment movement
- E-commerce growth spurs new funding for on-demand warehousing tech
|MARCH 16, 2021|
- China will 'stick to the guns' on making more steel
- Russia works to free seafarer kidnapped from tanker
- Baltic Dry Index breaks 2,000 points for first time in five months
- Bimco's Kaptanoglu urges international anti-piracy effort in the Gulf of Guinea
- Crowley partners with Danish SOV owner to target US offshore wind sector
- Ardmore Shipping's hydrogen joint venture already drawing interest
- TNG clears debt runway in $35.5m tanker deal with ABN Amro
- Axxis Geo warns of wipe out for creditors if restructuring fails
- New Fortress buys two jack-up rigs for new FLNG units
- Tanker brokerage MJLF launches spate of hiring amid company overhaul
- Container lines call for change in face of transpacific chaos
- Iran threatens Israel with response over IRISL boxship explosion
- Nikolaos Vafias flips capesize in profitable asset play amid bidding wars for bulkers
- New Fortress Energy powers up FLNG solution dubbed 'Fast LNG'
- Kondinave steps up post-panamax bet with new buys
- Thenamaris ups MR newbuilding tally at Hyundai Mipo Dockyard
- Kiel Canal delays to increase as three more accidents reported
- London shipping week to go ahead as mix of in-person and virtual events
- Berge Bulk continues fleet expansion with pair of capesize buys
- DHT wins charter cover for scrubber-fitted VLCC as LR2 activity picks up
- Delayed first KARMOL FSRU delivered for sea and gas trials
- Tsuneishi to shift bulker production to China and the Philippines
- Maritime must not miss out on innovation support from government
- Tidewater elevates two to its leadership team
- Shore staff frustrated by failures when crew changes collapsed
- 'Amazing' response from owners as Bimco draws up S&P contract
- Former Golden Ocean finance chief Per Heiberg re-emerges at Awilco LNG
- Covid-19 uncovered mental health issues that must not be forgotten
- Maritime journalists vital in clearing name of ships falsely accused of pollution
- Cido returns to boxships with $500m order on back of MSC charter
- Carnival says cruise line may not see full recovery until 2023
- Cobas Asset Management to vote against move to take Hoegh LNG private
|MARCH 16, 2021|
- Deutsche Bank on import bonanza: 'You ain't seen nothing yet'
Deutsche Bank's Amit Mehrotra on how long import surge could last and upside potential for container, dry bulk and tanker stocks.
- Port congestion? Maybe Houston is the alternative
Port Houston is positioning itself as a viable option for handling more containerized imports from Asia.
- San Pedro Bay congestion recedes to Christmas Eve level
"Today we are in the seventh month of a historic import surge driven by unprecedented demand by American consumers," says Gene Seroka.
|MARCH 16, 2021|
- Crude slide extends as market consolidates ahead of US inventory report
US dollar rally puts additional pressure on crude prices.
- JAPAN DATA: Jan bonded bunker fuel oil sales rise 12% on year to 2.95 mil barrels
Market sources attributed the higher sales to new bunker projects, such as Kiire, attracting a new group of customers.
- Saudi Arabia targets 1 million b/d domestic oil demand reduction
**Developing new methods for manufacture of hydrocarbon-based materials **Plan to have 50% of power generation from renewables by 2030
- Trans-Atlantic MR fixtures slow despite buoyant US Atlantic Coast gasoline demand
**Weekly gasoline exports reached 20-month high: EIA **Trans-Atlantic MR freight rates spike
- DIRTY TANKER QUARTERLY: Improving COVID-19 prospects boost ton mile demand for Aframaxes, Handysizes
**Rising bunker costs push earnings into negative territory
- Maldives move against LNG investment to affect bunkering plans
"The committee report mentioned that LNG would be a huge investment but not environmentally friendly due to emissions. Therefore, it will be better to invest in renewable sources like solar," a bunker trader said.
- FOB ARA 0.1%S gasoil barges hit six-month lows on weak demand, high supply
Demand for heating oil barge imports remained low as supply from inland refineries in Germany was high, and refinery runs had started to increase after outright prices rose, sources said.
- Warstila eyes CCS potential for scrubbers ahead of IMO 2030 CO2 target
**Signs scrubbers already abate some non-sulfur emissions
- New VLCCs move Asian gasoil to Europe, Africa as road transport recovers
"Supply from China, India and the Middle East has been pressuring down the market," a Northeast Asian refiner source said.
- Denmark joins other countries in efforts to decarbonize shipping industry
IMRB crucial step to decarbonization.
- World oil demand may have peaked in 2019 amid energy transition: IRENA
Under the 1.5 C scenario, global oil production is projected to plummet by 85% to slightly above 11 million b/d by 2050 from current levels, IRENA said.
- Tellurian upstream revenues boost cash as LNG terminal commercial talks continue
Further upstream cash flow and cash on hand will help it pay off $21 million in other debt, it said.
- INDIA DATA: Feb fuel oil demand dips 2% on month amid competing demand for bitumen
"We don't produce fuel oil unless we see that the cracks are good," a company source at Nayara Energy said recently.