|MARCH 22, 2021|
- APM Terminals enhancing digitisation through APIs
- Container shortages ease at Chinese box hubs post-CNY
- MSC's new Asia to US East Coast service
- OOCL announces intra-Asia product enhancements
- Suez Canal's rebates for containerships from East Coast of America to South & South-East Asia
- New FTP to identify new sectors with export potential
- Oilmeals exports surge
- Tariff, port dues changes at Adani Petronet (Dahej), Krishnapatnam
- GPS imaging on vehicles to replace toll booths: Gadkari
- International trade remained resilient during the pandemic: Study
- Maritime India Vision 2030 lays out comprehensive plan to take India to forefront of global maritime sector
- Taxpayers free to utilise Input Tax Credit available in their credit ledger for March GST dues
|MARCH 23, 2021|
- Prizes for sustainable transport
- ANA Cargo: more transpac capacity
- Finance guru for growth in Asia
- A continental network
- Fulfilment startup raises EUR 35 million
- Nola delegates communications executive
- Moveo ergo sum
- New routes for holiday airlines
- GIE France PCS banks on digitisation
- "Curiosity of the Day"
- Crew crisis on the rise again?
- Laso's transport for Leixoes
- Grocery retailer to go electric
- EVP to expand intermodal segment
- Alliance to ship vaccines
- Ghana's FRU and FSU classified
|MARCH 22, 2021|
- India trade on the rebound, but lack of boxes could hamper full recovery
- 'Revitalised' Zim reports biggest profit in its 75-year history
- CP and KCS merger will create first Canda-US-Mexico rail network
- The UK now 'a micro-climate in Europe' when it comes to shipping
- DHL steps up its bid to go from 'yellow' to green with new emissions targets
- Still an uphill battle for US trucking firms trying to recruit reluctant drivers
- Were US airline bailouts really needed?
- Japan carmakers scramble to assess impact of blaze at vital chip plant
- 'Chris' Choi set to replace John Elliott as president and CEO of BNCT
- Against the odds: Exuberant Maersk, CMA CGM, Hapag exploit tax loopholes
|MARCH 22, 2021|
- Ingalls names George Nungesser VP of program management
Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division reports that George Nungesser has been promoted to vice president of program management, effective April 1. Nungesser will have profit and loss responsibility for
- MSHS Group donates Baudouin diesels to Louisiana trade school
Students in the Marine Diesel Engine Technician Program at Louisiana's Fletcher Technical Community College will get an opportunity to obtain hands-on experience thanks to four diesel engines being donated to the school
- Iraqi national indicted after arms found in Port of Savannah container
An Iraqi national has appeared in U.S. District Court in Savannah. Ga., after his indictment on charges related to the attempted smuggling of firearms to Iraq. The U.S. Attorney's Office for the
- CSL puts focus on testing green fuels as Seaway season opens
The official opening of the St. Lawrence Seaway's 63rd navigation season was marked today when Canada Steamship Lines'Trillium Class self-unloading ship Baie St. Paul was the first vessel to transit the St.
- TTB: Delbert Wilkins tells his own story on why diversity is key to workforce effectiveness
Marine Log's TTB (Tugs, Towboats & Barges) free virtual event on March 24 will wrap up with a presentation by Delbert Wilkins, vice president - North operations and business development at Canal
- Qatar moves ahead on massive LNG fleet expansion
With plans to increase production of LNG from its North Field development from 77 million tons a year to 126 million tons by 2027, Qatar Petroleum has issued an Invitation to Tender
- Sumitomo Heavy wins AiP for methanol dual-fueled tanker
In another indication of growing interest in the use of methanol as a marine fuel, ClassNK has granted Sumitomo Heavy Industries Marine & Engineering Co., Ltd. an Approval in Principle (AiP) for
- Harvey Gulf Subsea wins Navy Special Ops support contract
New Orleans, headquartered Harvey Gulf Subsea Solutions reports that it has been awarded U.S. Navy contract worth $4 million that will see it utilize the 302-foot, 2013-built Harvey Deep Sea to provide
|MARCH 22, 2021|
- Aegean Shipping fixes 'green' aframaxes for at least two years
Sources close to the Piraeus-based company say Green Admire and Green Adventure, both due in the first half of 2022...
- Biden administration 'committed' to Venezuela shipping sanctions, says opposition
Weak tanker freight rates see some Greek shipowners return surreptitiously to shipping Venezuelan cargoes betting that sanctions enforcement will be...
- Seafarers cannot be forced to accept vaccination, ICS warns
Chinese and UAE ports are already turning back ships, but 'no jab, no job' is likely to become the normal...
- Cargill chief to head shipping's emissions reporting scheme
The Sea Cargo Charter, a green initiative by a group of big cargo owners and charterers, has confirmed its 13-member...
- Zim sets sights higher after record full-year result
Following a stock exchange listing earlier this year, Israel-based container line Zim has delivered a set of results to please...
- Insurer of Israel oil-spill tanker cancels cover
Lawyer for undisclosed Beirut-based owner says tanker was carrying Iraqi crude, not Iranian. Satellite images show the tanker at Kharg...
- China equipment shortage easing
One of the issues driving high freight rates has been a lack of available export containers. New data shows that...
- US demand surge set to continue as inventories remain low
US retail sales are still growing and the influx of goods is going straight off the shelves. That leaves little...
- Global Container Terminals' chief takes an incremental approach to investing
'Our approach continues to be to provide adaptable, incremental capacity that appropriately services our customers, while maintaining our competitiveness for...
- Iranians charged with conspiracy to evade US sanctions
The complaints said several defendants used a Hong Kong-based front company to secretly buy two oil tankers valued at more...
- Daily Briefing
Free to read: Decarbonise shipping together, not owner by owner | Lloyd's List podcast: Why sustainable shipping is about more than...
- UK announces $27m green shipbuilding fund
The British government announced a competition to develop innovations for greener shipping, including zero-emissions vessels and clean port infrastructure
- Merger creating Mexico-Canada railroad set to link key ports
Merger of Canadian Pacific Railway and Kansas City Southern will create 'the first US-Mexico-Canada railroad', says CPR chief executive Keith...
- Qatar Petroleum tenders charter for up to 100 LNG carriers
Qatar Petroleum said it will review bidders' technical and commercial capabilities 'with the objective of assigning selected shipowners to the...
- First LNG ship-to-ship for aframax crude tanker off US
Gagarin Prospect is the first liquefied natural gas-fuelled aframax tanker to join Sovcomflot's fleet
|MARCH 22, 2021|
- SAP, Sedna partner to coordinate TMS tasks
- Top US importers from Asia accepting higher contract rates
- Zim expects even stronger 2021 after record 2020 profit
- Rail delays stymie exporters in Memphis
- Changing energy mix complicates breakbulk cargo demand rebound
- Carriers see no 'silver bullet' solution to India equipment woes
- Montreal longshore workers remain on job despite latest contract offer rejection
|MARCH 22, 2021|
- Oaktree trims more shares of Eagle Bulk Shipping in $5.2m payday
- Bunker firm offers refuelling services from Augusta, Sicily
- Boxship rates rise amid surging Asia-US volumes
- Norden buys two kamsarmaxes in deal with Mitsui & Co
- Boxships and bulkers lead another strong week for US listings
- Zim on 'positive trajectory' as results hit all-time record high
- Shipowners join legal fight over 2019 Houston Ship Channel fire
- Vantage takes over Seadrill Partners' drillship fleet amid restructuring
- VLGC rates jump 27% from Middle East but output concerns remain
- Two port workers die after losing consciousness on Greek bulker
- Exmar turns a profit for 2020 with settlement cash on FLNG unit
- Evalend Shipping jumps on VLGC bandwagon with $320m deal at Hyundai Samho
- Questions continue as stowaway denies attempt to hijack Navios tanker
- Owner of tanker linked to Israeli spill acts to clear its name
- Minerva snaps up second capesize bulker this year
- Ship finance lender CIT 'out of warm lay-up' and back in action
- Reunion of old ex-DVB friends who keep their distance
- Windship brings in CEO as it seeks to take sails to market
- Slew of multi-month charters for LNG carriers buoys market mood
- Spetalen's Standard Drilling makes $9.25m bet on restructured Noble Corp
- Shell ships in cargo for new Scottish mini-LNG terminal
- Tufton Oceanic raises dividend target as profit soars
- DSME hit by Covid-19 outbreak as close to 70 workers test positive
- Error led to Keppel worker's death after boxship rudder fell
- Dorian LPG to gather fleet-wide data via Kongsberg tie-up
- Samos tied to bulker asset plays after ordering VLCC in countercyclical moves
- Hutchison Port Holdings completes $500m bond issue
- Genting fires up the engines of two more cruiseships for domestic cruise revival
- Chinese recycling expert claims Hong Kong Convention is being abused
- EU approval would put Chinese ship recyclers in a sweet spot
- How China can regain its crown as the global leader in green ship recycling
- Royal Caribbean to restart Caribbean cruises with vaccinated passengers
- Grant Thornton puts Xihe Holdings VLCC on the block
|MARCH 22, 2021|
- ZIM: US importers buckle, sign contracts early, pay 50% more
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
- 'Seismic change': Maersk commits to long-term relationships with shippers
The world's largest shipping line says it has changed its ways and is no longer playing the spot market, instead going steady with long-term partners.
- Cargo airlines ask DOT to block Mexican carrier from US market
One of the Kalitta cargo companies is trying to stop a small Mexican airline from providing cross-border service between Mexico and the U.S., a market...
- FreightWaves Flashback: 'Dry canal' across Nicaragua
1997: "Comparing our project to the Panama Canal is to confuse an apple with an orange," New York lawyer Don M. Bosco said. "Our competition...
- Inside the now-booming business of building container ships
Newbuild-to-fleet ratio now 15.3%, up from 9.4% in mid-2020. But orders are not high enough yet to wave red flags.
|MARCH 22, 2021|
- TENDER DATA: Taiwan's Formosa sells 40,000 mt fuel oil for April loading
The fuel oil cargo is produced at Formosa's residue fluid catalytic cracker. The company last sold 40,000 mt of fuel oil with 0.9% sulfur, maximum 180 CST viscosity, via a tender for loading in March from Mailiao at a discount of around $50/mt to MOPS Marine Fuel 0.5%S assessments, a source close to the development said.
- Spot Rotterdam Hi-5 bunker spread eases as crude drops
Spot premiums for 0.5%S marine fuel over 3.5%S fuel oil at Europe's bunker hub in Rotterdam have eased back to their narrowest since the start of February, as the wider oil market softens and easterly arbitrages lose steam.
- EMEA middle distillates: Key market indicators this week
Flat prices in distillates markets fell over the past week, tracking crude downwards amid slow vaccine rollouts in the European Union and a global vaccine supply crunch. Demand for middle distillates in Europe remains weak, although regional production is still reduced, especially for jet fuel.
- REFINERY NEWS: Ecomar to expand Fujairah refinery, storage capacity
Ecomar Energy Solutions has agreed to expand its refinery and build new storage capacity at Fujairah, with the introduction of the Murban futures in the week starting March 28 seen boosting already strong demand for crude oil and products at the UAE's east coast port.
- OIL FUTURES: Crude edges higher despite European demand headwinds
Crude oil futures finished a volatile session slightly higher March 22 as the market pitted European demand headwinds against rising US and Chinese energy demand.
- AMERICAS BUNKERS: Key market indicators March 22-26
**Weaker US crude segments pressure Latin America **Tight supply props up New Orleans premium over Houston
- China seen importing record volumes of North Sea crude in March
**More than 1 million b/d of North Sea crudes have arrived in March **But demand likely to slow from April as refineries go into maintenance
- RUSSIA DATA: Russian Feb fuel oil exports down 2.9% on year at 2.72 mil mt
Export flows were down slightly in February due to higher domestic demand, which has been boosted by a cold spell.
- EUROPE AND AFRICA RESIDUAL FUEL: Key market indicators this week
**Demand for 0.5%S FO has cooled off with the arbitrage to the east weaker in recent weeks **LSVGO heard higher on firmer gasoline cracks
- CHINA DATA: Jan-Feb fuel oil exports surge 93.6% on year to 3.06 mil mt
**Feb exports jump 84.4% on year **Jan-Feb imports fall 35.9% on year
- Ecomar expanding Fujairah refinery, storage capacity as Murban seen adding demand
**Ecomar started in Fujairah in 2015 **Refinery selling out everything it produces
- Singapore's April Western low sulfur arbitrage volumes may near 3 mil mt: traders
**Singapore low sulfur marine fuel market likely to remain balanced **April volume into Singapore may dip if more oil diverted to Fujairah
- Asia residual fuel market: Key market indicators this week
Asian residual fuel markets, especially upstream low sulfur marine fuel, is unlikely to see any significant upside in the week of March 22-26, on a lack of impetus from any potential incremental demand.
- Saudi Aramco cuts 2021 capex guidance even as Asia showing signs of demand rebound
**2021 capex guidance cut to $35 bil from $40-$45 bil **'We are seeing a pick-up in demand in Asia'
- Asia middle distillates: Key market indicators this week
The weakening in the Asian gasoil market may extend into the week starting March 22, with the market remaining driven by supply-side factors.