|AUGUST 3, 2020|
- A-E up 0.5pc to US$901/TEU, USWC soars to 21.9pc to $3,297/FEU
- Box ship schedule reliability continues to improve in June
- Inbound containers at US west coast ports down 8pc in June: PMSA
- H1 rail freight volumes up 15pc at Ningbo-Zhoushan port
- Port of Tanjung Pelepas smashes another move record
- ICTSI inks concession contract with Cameroon's Kribi terminal
- Djibouti's new African shipping line launches first feeder service
- Air cargo market 'exceptionally challenging' despite improvement in June
- Covid-19 leads to more digital cargo bookings at Air France KLM
- AFG inks deal with Boeing for two 737-800BCFs
|AUGUST 2, 2020|
- Baltic Dry Index up again
- Bangladesh in third phase to enhance safe & environmentally sound ship recycling
- FAS elects new office-bearers headed by Ishwar Achanta as President
- Great Eastern Shipping registers huge net profit increase in Q1
- NYK becomes part of global initiative on hydrogen
- Overweight surcharge from Asia to West Africa
- UK freight association alerts members that applications are now open for Customs training funding
- 2nd phase of All India roll-out of Faceless Assessment
- DGFT notifies relaxation in prohibition on export of surgical masks, medical goggles
- MEIS is not going anywhere, says Commerce Minister
- APM Terminals Pipavav observes World Nature Conservation Day
- Port of Antwerp seeing first signs of recovery & an upturn in the European economy in Q3
- Logistics trends in a post-Covid world
- Govt working with RBI on industry's need for loan restructuring due to Covid-19 impact: Sitharaman
- Importance of reducing coal imports stressed
- Instructions for uploading documents in E-Sanchit for approval of AD Code/IFSC with Bank Account in ICES
- CCI approves proposed acquisition of 49 pc equity share capital in Odisha Power Generation Corporation by Adani Power
- Illicit Trade Report for 2019 issued
- Supply chain finance & digital trade key growth priorities for banks in trade finance, shows survey
|JULY 31, 2020|
- Transpac rates at new heights, but reviving blank sailings could muddy the water
- XPO Logistics sees revenues hit by a Q2 'dominated by Covid', but stays bullish
- IAG Cargo passenger-freighter strategy pays off as yields rocket
- Delays at port of Montreal drag on as one strike follows another
- AirBridgeCargo ready for surge in freighter volumes in Asia Pacific peak season
- Eduardo Pelleissone and Alex Santoro join XPO as LaQuenta Jacobs moves up
- Analysis: DSV Panalpina and the spoiled kids - next deal now!
- Conf call redux: CH Robinson's 'solid' 12% drop in net revenue...
|JULY 31, 2020|
- Burger Boat launches its third vessel for Chicago tour boat operator
The Burger Boat Company shipyard in Manitowoc, Wis., has launched a new passenger vessel for Chicago's First Lady Cruises. The vessel, the Emerald Lady, is the third that Burger has built for
- Kirby earnings and revenue take a hit
Houston headquartered Kirby Corporation (NYSE: KEX) reported net earnings for the quarter ended June 30, 2020 of $25.0 million, compared with $47.3 million for the 2019 second quarter. Consolidated revenues for the
- Sale of FSG to investment group takes a step forward
A rescuer looks to have been found for troubled German shipbuilder Flensburger Schiffbau Gesellshaft (FSG) in the shape of Lars Windhorst, founder of investment company Tennor Holding. A contract for the sale
- Tidewater, too, hit by crew change crisis
Offshore services giant Tidewater Inc. (NYSE:TDW) yesterday reported revenue for the three and six months ended June 30, 2020, of $102.3 million and $218.7 million, respectively compared with $125.9 million and $248.0
- Construction underway on another new dredge for Callan Marine
Galveston, Texas, based dredging contractor Callan Marine reports that construction is underway on the General Bradley, a new 28 inch dredge that will join the fleet in 2021. The news comes within
- Fincantieri brings in a banker as GM
Reporting a loss of EUR 137 million (about $162 million) for the first half year, Italian shipbuilding giant Fincantieri has appointed a banker, Fabio Gallia, as its new General Manager. Until 2018,
|JULY 31, 2020|
- Ship breaking case turns spotlight on owners
The potential for a successful claim means that shipowners need to be vigilant in their ship recycling policies, according to...
- UK shipping sanctions guide shows closer alignment to US
'The guidance identifies a number of illicit and suspicious shipping practices that look remarkably similar to those of Ofac,' says...
- Industry tortoise derided by Mr Hare is unfair race
Shipping knows it has to become cleaner and greener, and it knows it is not doing so fast enough. But...
- Case highlights divide between law and perception
Law firm Leigh Day's arguments will find a ready echo from non-governmental organisations that campaign on the shipbreaking issue
- The week in charts: Containers turn positive; ship finance grows
Reinstated sailings and a pick-up in China port calls indicate activity in the containers sectors is on the increase, while...
- DSV Panalpina reinstates guidance after improved quarter
The freight forwarding and logistics company has cut costs and expects significant synergies from the Panalpina integration
- MOL forecasts more car carriers will be scrapped
Lloyd's List Intelligence showed 30 car carriers from different companies are laid up at Malaysia's Labuan anchorage alone, and older...
- LNG's role as a bridging fuel for shipping faces challenge
Progress towards a zero-carbon future for shipping will involve methanol, biofuels, ammonia, and hydrogen. LNG's role as a bridging fuel...
- ONE cost cuts boost first-quarter profit
A 20% drop in the average price of bunkers helped push Ocean Network Express to a $167m profit, despite revenues falling...
- Box freight rates in the balance
Container lines will have to make sensible decisions if they are to maintain the freight rate gains that have supported...
- Shipping's green push faces virtual halt
The coronavirus disruption means major decisions have been put off or delayed - and the rest of the year is...
- Shipping lawyer offers remedy to US legal 'headaches'
Filing briefs with the US Supreme Court is only part of Mr Nolan's work, much of which involves counselling clients...
- Trade imbalances smother LPG sector
Freight rates to remain at depressed levels in the second half of the year
- Capesize remains grounded off Mauritius
Traces of oil have been spotted in the lagoon, which may have leaked from the engine room, the Mauritius Coast...
- Are shipping's banks finally coming back?
Shipping's comparative resilience in the face of the coronavirus pandemic could help it gain more confidence among financiers who are...
- Mitsui E&S in talks to join with Tsuneishi
The two sides are expected to reach an accord by the end of 2020 and are continuing with discussions on...
- Pandemic overhang clouds LNG uptick in second half
The threat of a second coronavirus wave has dampened LNG demand and depressed prices to persistently low levels, which is...
- Daily Briefing
Free to read: Seafarers close to breaking point, warns shipmanager | Maersk Pool linked to Xihe tankers deal | Hong...
- Another bulker detained in Australia for crew violations
MUA said massive underpayment of wages was discovered when the vessel docked in Brisbane earlier in July, and although the...
|JULY 31, 2020|
- Transport capacity tightening for Amazon third-party sellers
- Caterpillar says heavy equipment dealers slashing ro-ro orders
- Asia-US West Coast FEU spot rates clear $3,000 bar
- COVID-19 outbreak disrupts Asia-South Africa container service
- Montreal longshore workers to begin another 96-hour strike Monday
- JOC Uncharted: Latam logistics ripe for technological innovation
- APL Logistics emissions tool to help shippers navigate speed dilemma
|JULY 31, 2020|
- Navios Containers sets up $6m in shares for possible buyback
- Capesizes see week of modest gains before possible rally
- Could Empress of the Seas be headed for the scrapyard? Royal Caribbean won't say
- Windhorst takeover throws lifeline to Germany's struggling FSG shipyard
- Tidewater's Africa business suffers even as it meets expectations
- Pandemic effects boost Ocean Network Express profit
- Armed guard seizes Eagle Bulk ship for three days over pay dispute
- Capital Products slashes payout to build 'war chest' for post-Covid acquisitions
- Maran Gas' Stavros Hatzigrigoris leaves Angelicoussis Group
- Top manager appointed at Fincantieri to help Italian yard meet 'challenging' goals
- Japan's Tsuneishi Shipbuilding and Mitsui E&S to open consolidation talks
- How a new US-China Cold War could fuel a hot freight market
- Adnoc-Wanhua joint venture orders VLGC newbuildings at Jiangnan Shipyard
- Diana and the banks: a new template, or just better times for one shipowner?
- Maersk unleashes bevy of digital container shipping portals
- GTT sees 77 LNG carriers required for projects under construction
- MOL carries 400,000 fewer cars in first quarter as profit slides 55%
- Yangzijiang Shipping bulker banned from Australia over unpaid crew wages
- Mitsubishi Heavy Industries goes Danish for Hokkaido wind farm project
- Tony Goldsmith to head marine team at Hill Dickinson
|JULY 31, 2020|
- United Airlines nurses international operations back to health
United Airlines is slowly ratcheting up its passenger schedule each month as travel increases, but it's a tricky game to figure out how much supply...
- FreightWaves Flashback 1982: New container box stacker for Jax Port is state of the art
The new unit can pass over stacks of boxes four high (48 feet) and five wide (plus a truck lane, a total of 69 feet).
- Q&A: DCLI calls national chassis pool debate an illusion
DCLI chief commercial officer warns shippers and truckers who seek a national chassis pool: Be careful what you wish for.
- Lawmakers want airfreight handler to return $170 million in COVID-19 funds
Company one of 12 airline contractors under loan scrutiny.
- The flying flexible people freighter: Meet the FlexCombi
The FAA recently gave Pemco Conversions approval to convert 737 passenger jets into freighters, with the added flexibility of carrying pallets and passengers in the...
|JULY 31, 2020|
- ARA fuel oil stocks fall 14% on week to 1.255 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub fell 13.8% to 1.255 million mt in the week to July 30, according to data from Insights Global, despite market sources citing poor demand during the week.
- Japan's cargo ship, oil tanker volume drops to record low in May amid COVID-19
Japan's total volume of domestic cargo ship transports plunged 26% on the year to 12.798 million mt, or 94,702,189 barrels, in May, which is the lowest volume since the Japan Federation of Coastal Shipping Associations started the survey.
- OIL FUTURES: Crude reverses course, settles higher amid tightened US production outlooks
Crude prices climbed off morning lows to settle higher July 31 in a late-session rally fueled by tightened US supply outlooks.
- Saudi Arabia's HSFO demand increases pressure on tight supply in Europe
Strong demand for high sulfur fuel oil from Saudi Arabia has increased pressure on the European 3.5%S fuel oil market as it readjusts to the realities of coronavirus and life post-IMO 2020.
- Energy services group WFS sees Q2 fuel sales volumes fall 22% on year
Energy services company World Fuel Services saw its total sales volumes of land, aviation and marine fuel in Q2 fall 21.7% to 1.056 billion gallons, the company reported June 30.