|MARCH 18, 2021|
- Global Shipping Business Network commences operations
- Hapag-Lloyd acquires Africa specialist NileDutch
- INTERCARGO affirms leadership role in representing dry bulk shipping
- Orders for new box vessels paint optimistic picture
- Potential gains in 2020 schedule reliability
- Onion exports seen rising
- project44 launches Port Intel, a free port congestion reporting service
- BIC & IANA collaborate to standardise facility identification in North America
- Connectivity an important element of Act East Policy: Minister
- 324 companies filed for bankruptcy from 2018 to 2020
- Global economy projected to see improved growth this year
- Indian Register of Shipping awarded contract for classification of Army boats
- South Korean shipbuilders lead in new orders
|MARCH 19, 2021|
- Duty and responsibility
- Quiet engines for heavy goods traffic
- Air Tanzania finally to serve Southern China
- Hapag-Lloyd can afford further acquisitions
- 7.49 t trucks for carbon-free city logistics
- AIT Worldwide fills its war chest
- Four seafarers rescued
- Delivering vital vaccines from India to Egypt
- Responding 24/7 with a new product
- Wireless data transfer with solar energy
- KWE's new facility learns how to fly
- Three stand united for hydrogen
- ADAC Truckservice appoints new managers
- XPO gives birth to GXO
- Valenciaport started well in 2021
- No CO2 emissions on charter flights
- Sea Ranger Service takes further steps offshore
- "Curiosity of the Day"
- Licence to build Kazakhstan's rail infrastructure
|MARCH 18, 2021|
- US threatens sanctions on Cathay Pacific cargo flights in HK quarantine rule spat
- Online logistics platforms and truckers forming alliances in a 'tech arms race'
- Hapag-Lloyd profits triple and soaring rates promise billions more in 2021
- UK charter airlines on an uneven runway with EU carriers, and losing out
- Dachser launches expedited China-US LCL service to cut through congestion
- Hapag-Lloyd acquires African trade specialist NileDutch
- Air freight's global trend may be positive, but many regions are struggling
- Supply chain radar: The next green puff - it's your turn now
- Supply chain radar: Hapag-Lloyd - wow, just wow
|MARCH 18, 2021|
- New York State offshore wind farm gets key permit
The New York State Public Service Commission today unanimously voted to grant the Certificate of Environmental Compatibility and Public Need for New York's South Fork Wind Farm. This is the key state
- Seanergy Maritime buys two Capesizes for $55 million
Glyfada, Greece, headquartered Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) reports that it has entered into agreements with unaffiliated third parties that will see it pay a total of about $55 million to
- Thordon Bearings names Scott Groves VP-Sales
Thordon Bearings has appointed Scott Groves as Vice President - Sales, with a mandate to "grow profitable sales" and build upon the company's leading position in the global pollution-free bearings and seals
- New Zealand port to boost bollard pull capability with Damen ATD 2412
The southernmost deep water port in New Zealand, South Port, has signed a contract with Damen Shipyards Group, covering the delivery of a Damen Azimuth Tractor Tug (ATD) 2412. The vessel will
- VIDEO: New dredge under construction for Dare County
Dredging was on the agenda at the March 15 meeting of the Board of Commissioners of Dare County, N.C. As well as being presented with a daunting presentation on the intricacies of
- MAN unveils low-pressure addition to MAN B&W dual-fuel portfolio
In a ceremony live-streamed from its Copenhagen Research Center today, MAN Energy Solutions demonstrated its latest low-speed, dual-fuel engine. Designed for LNG/fuel-oil operation, the new MAN B&W ME-GA type engine, is an
- Hornbeck Offshore wins Navy contract worth potential $39.7 million
Hornbeck Offshore Operators LLC, Covington, La., has been awarded a $7,510,000 firm-fixed-price contract with reimbursable elements for long-term charter of the U.S. flag offshore support ship, HOS Red Rock, which will provide
|MARCH 18, 2021|
- Weekly Briefing: Box orders return | BDI hits five month high | Tanker mull peak oil hitting in 2026
The containership orderbook has remained relatively constrained, but with new deals emerging that could be changing. In dry bulk, panamax...
- Seanergy pays $55m to add capesize brace
The two new deals bring acquisitions so far this year to three for US-listed capesize specialist
- Libya crude output could double if peace holds
'The oil company chairman's projections are not crazy. It is do-able, but to be honest, it's beyond his control,' says...
- Lawyer denies accused Israeli oil-spill tanker polluted beaches
Evidence shows the Syrian-bound tanker was not involved, says lawyer. The tanker was sold to Greece-based Oryx Shipping, according to...
- Euroseas sees 'continuing strength' in charter market
After more than doubling its money on two recent charter deals, the Greek containership owner eyes bright prospects for five...
- We need a grown-up conversation about shipping's hidden heroes
Shipping's can-do attitude has kept the world turning over the past year, but seafarers have suffered. Recruitment could suffer as...
- NileDutch deal will boost Hapag-Lloyd's Africa presence
Hapag-Lloyd has turned its eye to Africa's emerging markets. It believes its acquisition of NileDutch gives a good starting point...
- Testing seafarers can be part of pandemic fightback, says consultant
Operators should choose testing kits that meet World Health Organisation standards and apply the US Centers for Disease Control and Prevention antigen...
- DP World profit drops 29% in 'year like no other'
Port operator posts 30% drop in profits for 2020, in 'a year like no other,' but revenues rise on new...
- What next for Irish Sea trade?
The extension of temporary easements on trade to Northern Ireland has helped boost trade. But it remains hard to sift...
- Daily Briefing
Free to read: Digital solutions 'must make the value proposition much clearer' | Gasoline demand already peaked as pandemic changes...
- New Fortress Energy to convert jack-up for LNG production
The company has sanctioned investment in the first of two production jack-ups, known as Fast LNG units. The first such unit...
- Florida seaports eye share of Biden's relief bill
Florida, which last year appealed to US Congress to allocate funds to aid seaports, estimates its ports have lost more...
- Chinese iron ore imports on track for record-breaking year
BIMCO's chief shipping analyst Peter Sand expects Chinese iron ore imports to rise to record levels on the back of...
- De Poli Shipmanagement says kidnapped crew 'doing well'
The Dutch company said that while there is a dialogue proceeding with those holding the 15 crew members, no further...
|MARCH 18, 2021|
- US import front-loading adds to bullish trans-Pacific Q2 outlook
- Labor ruling cuts chances of federal intervention in Montreal port dispute
- Rising low-sulfur fuel price could spur scrubber resurgence: BIMCO
- Industry sees no 'container upside' to Indian carrier privatization
- Higher freight rates push Hapag-Lloyd to $1 billion 2020 net profit
- Portchain vessel call coordination network expands into Russia
|MARCH 18, 2021|
- Navigator Holdings posts profit in strong LPG carrier market
- Dry freight derivatives ride the 'gravy train' as bulker markets move up
- UBS upgrades Carnival to buy amid vaccine rollout
- Hapag-Lloyd boss hails NileDutch deal as strengthening Africa role
- Seanergy strikes twice with capesize duo deal
- American Club reports premium income and tonnage gains
- Navios Logistics poised to pounce as Uruguay ends fuel monopoly
- Ardmore's Mark Cameron warns pandemic crisis is causing crew exodus
- New Times breaks boxship newbuilding drought with Chartworld order
- MAN Energy Solutions reveals first sales of low-pressure ME-GA engine
- Insurer Convex strikes deal with Berkshire Hathaway on marine cover
- Trafigura clinches first sustainable loans amid $5.5bn refinancing
- ING expects box and dry bulk shipping to beat tankers in 2021
- Crewman dies after becoming trapped under hatch cover in Denmark
- Hapag-Lloyd stays the course after NileDutch acquisition
- Charter rate details emerge on Shell's dual-fuel VLCCs
- GoodBulk keeps eyes fixed on the spot market despite prospects for further value rises
- China bans toxic chemicals transport in Yangtze River basin
- TechnipFMC targets floating wind sector by teaming with Magnora
- Anglo American becomes shipowner with LNG-fuelled bulker order
- Stolt-Nielsen claims fleet cull can lift it to vanguard of carbon battle
- Capital Maritime homes in on Athenian Sea Carriers' VLCC berths
- CMA CGM eyes $1.2bn deal for up to 20 newbuildings
- Pavimar takes part in bulker buying fiesta, but treads lightly
- Grieg Star sends third bulker for green scrapping in Turkey
- ONE Apus sails from Kobe after three-month discharge operation
- China Minsheng pockets quick profit in 'win-win' newbuild resale deal with Yasa Shipping
|MARCH 18, 2021|
- Amazon's cargo airline begins daily service to Fairbanks, Alaska
Sun Country normally flies to sunny destinations. But with Amazon as its cargo customer, it's heading to Fairbanks, Alaska.
- Hapag-Lloyd profit skyrockets with 'stellar performance'
"2020 has been exceptional, with stellar performance in the industry," says Hapag-Lloyd CFO Mark Frese.
- Bargain hunters beware: No time to shop for airfreight deals
There's no time for deliberation these days if you want to get high-value cargo shipped by air. It's a strong seller's market in the air...
|MARCH 18, 2021|
- Crude slides 7% as pandemic risks weigh on demand outlooks
Largest single-session slide for front-month Brent, WTI contracts on percentage basis since June.
- SAUDI DATA: Crude exports rise again as Saudi Arabia draws on inventories
**Supplies to market rose to 9.194 mil b/d in January **Output just below 9.119 million b/d OPEC+ quota
- CONTAINER QUARTERLY: Firm global rates expected to continue in Q2 and beyond
**Strong rates expected well into second half of 2021 **Expectations for void sailings to protect rates and rebalance schedules
- Container line Hapag-Lloyd sees further freight rate rises in 2021
**Shortage of containers persists **Congestion in US should clear end-Q2
- PODCAST: IMO 2020, COVID-19 drive turbulence in the fuel oil complex
The market for low sulfur fuel oils -- 0.1% S and 0.5% S -- has tightened on the refinery response to COVID-19 while, as a result of IMO 2020, lackluster demand for 3.5%S fuel oilis encouraging shippers to fit scrubbers which could flip fundamentals between the grades in the future.
- TFG Marine adds bunker barge at Corpus Christi
Expansion includes exclusive ex-pipe delivery of marine fuels at Magellan terminal.
- Japan April-September MF 0.5% bunker differentials discussions at similar levels to previous cycle
The Japanese bunker market sees sales of around 300,000 mt/month; volumes do not fluctuate much due to barge and terminal loading limitations.
- CHINA DATA: Jan-Feb oil product output rises 10.4% on year to 75.9 mil mt
**Fuel oil output surges 42.4% across Jan-Feb **Naphtha output rises on seasonal demand
- Ammonia projects gain pace as shipping moves to zero emission fuels: Coalition
**Number of zero emission projects rise sharply **Number of Asian projects rise from 16 to 31
- Weakening Singapore marine fuel spread unlikely to deter Asian refiners: sources
A relatively weaker Asian gasoil market has seen some refiners looking to maintain LSFO output in April, after increased spot volumes in March from India, Thailand and Taiwan.
- Alaska forecasts increase in crude production, oil industry capital spending
Production is expected to increase to about 560,000 b/d by 2030 as a result of planned new projects.
- CLEAN TANKER QUARTERLY: Owners await demand upturn driven by vaccines, opening arbitrages
Low refinery utilization and rising diesel prices in the US Gulf Coast sunk arbitrage opportunities further into negative returns in early March.