|AUGUST 6, 2020|
- 100 dead, 4,000 injured in Beirut port ammonium nitrate blast
- MSC disputes veracity of eco lobby's analysis of its CO2 emissions
- Increased tonnage afloat will result in rate slide, says Alphaliner
- Panama ports first half box throughput up 14pc to 3.8 million TEU
- Engine room fire breaks out aboard 5,600-TEU Cap Jackson in Panama
- Evergreen joins cooperative Ship Recycling Transparency Initiative
- Cabotage resumes after a 30-year hiatus off Mozambique coast
- US to widen action against Chinese tech groups beyond TikTok target
- FedEx still tops in air cargo but Qatar and Turkish are rising: IATA
- IAG Cargo passenger-freighter idea pays off as sales soar 33.1pc
- Ecommerce surge experienced by UPS attributed to Covid scare
|AUGUST 5, 2020|
- NYK commences operation of its first finished-car logistics terminal in Japan
- Commerce Ministry mulls NTBs to check non-essential imports
- CUSTOMS Notification No. 63/2020-Cus (NT) dated 30.07.2020 Notification No.63/2020-Customs(N.T.) dated 30.07.2020 to amend Notification No.92/2017-Customs (NT), dated 28.09.2017 to specify the ...
- Review of ASEAN-India FTA to contribute to realising 2020 trade target, says Minister
- Cargo volumes at the Major Ports fall by 18.06 pc during April-July
- DBGT sees surge in productivity in July amidst Covid-19 scenario
- HICT emerges as a natural choice for Durgapur customers
- JNPT suspends operations due to inclement weather
- New rail high at BMCT
- Covid strengthens rail links between China & Europe to help economic recovery
- Steps being taken to reduce logistics cost: Mandaviya
- Truckers mulling strike against diesel price hike
- Exports almost reaching 2019 July level indicates economic recovery, says Piyush Goyal
- Exim India committed to re-commencing its print editions
|AUGUST 5, 2020|
- More carriers must blank voyages to avoid transatlantic rate collapse
- TIACA and Messe München cancel 2020 ACF
- Maersk and Cargo iQ clash over how to buy air freight capacity
- Vessels redirect to other ports as strike chaos continues at Montreal
- PE group Greenlight sees air freight's potential and takes large stake in Atlas Air
- China fears 'losing face' as Japan bankrolls exodus of firms
- Beirut blast: tracing the explosives that tore the capital apart
- On the wires: Expeditors, you say? Simply stunning
- Conf call redux: Management glee at DSV's 'best ever'
- On the wires: Q2 '20 a stairway to heaven for DHL Global Forwarding
|AUGUST 5, 2020|
- Ammonium nitrate seized from cargo ship was source of Beirut explosion
Lebanon today declared a national state of emergency and put a number of port authority officials under house arrest following the huge blast that shook Beirut yesterday. With the death toll now
- ABS awards Vard Marine AIP for second Jones Act SOV design
Vard Marine Inc. reports that, with U.S. offshore wind projects picking up speed, it has been accelerating its design efforts and has now obtained its second ABS Approval in Principle (AIP) for
- Study makes case for accelerating U.S. offshore wind leasing
The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of clean energy and $1.7 billion in U.S. Treasury revenue by 2022, according to
- CLIA members extend voluntary pause on U.S. cruise operations
The Cruise Lines International Association (CLIA) said today that its ocean-going cruise line members have agreed to voluntarily suspend U.S. cruise operations until at least October 2020. This pushes any resumption of
- Davie sets sights on icebreaker exports
Buoyed by its success in being designated as the icebreaker partner under Canada's National Shipbuilding Strategy, Davie Shipbuilding is now eyeing export markets and yesterday launched a National Icebreaker Center (NIC). The
- Illinois awards $40 million grant to Cairo port project
Illinois Gov. J.B. Pritzker visited Cairo, Ill., yesterday to announce that the State of Illinois will provide $40 million through the Rebuild Illinois capital plan to anchor a public private partnership that
|AUGUST 5, 2020|
- Cost of repatriation is deterring crew changes, say seafarers
Stories have emerged of owners compensating by sending hampers of baby gifts to the families of crew who have missed...
- Seanergy eyes 'full-blown recovery' for capesizes
Market conditions already showing 'significant reversal of the negative factors of the first half into a full-blown recovery', says chief...
- Greece move prompts GasLog Partners leadership change
Savings expected to be about $3m annually from a reduction in overheads at the partnership come in addition to an...
- Freight volumes show signs of recovery
June volumes were higher than in May and the corresponding month last year. Figures for the first six months of...
- Beirut blast - what we know so far
Investigations are already being carried out into the circumstances surrounding a huge blast that tore through Lebanon's capital with the...
- Blast may have devastating impact on Lebanon's trade flows
With Beirut's port closed, it is likely that Lebanon's second port of Tripoli - believed to be operating at just...
- Beirut explosion hits container links
Neighbouring Tripoli lacks the capacity to handle volumes from Beirut as carriers start to reroute ships
- Stored ammonium nitrate cargo link to Beirut blast
Some 2,750 tonnes of ammonium nitrate were warehoused inside the perimeters of Beirut's port after being confiscated from a Moldova-flagged...
- Kanfer Shipping plans for LNG bunkering quartet
Managing partner Stig Hagen moots plan for up to four newbuilds to be constructed to a single-tank vessel design
- Container port capacity growth to contract with declining trade
Risks to the outlook are said to remain if a resurgence in coronavirus cases leads to further widespread economic lockdowns
- Autonomous ships platform project launched
Many ports see being prepared for autonomous navigation as part of plans to be future-ready
- Baltic Dry Index gets lift from capesize and panamax segment
The capesize sector, which has been the main driver for the surge in BDI, was helped by Chinese iron ore...
- Daily Briefing
Free to read: Beirut port blast: latest news | Is shipping coping with the pandemic? | Shipping's GHG emissions rising...
- ITF secures repatriation of 250,000 cruise sector seafarers
Crew change crisis has shown the best of unions and employers, ITF official insists
- Full impact of pandemic on dry bulk cannot be predicted, says Safe Bulkers
The full impact of the coronavirus on the company's operations and results as well as the wider impact on the...
- Salvage operation starts to refloat grounded capesize
Nagashiki Shipping says the cause of the incident will be fully investigated as salvage experts and crew start pumping operations
- K Line to cut 52 vessels amid 'harsh business environment'
Company's net losses stood at ¥955m in the first quarter compared to the year-ago net profits of ¥7.8bn
|AUGUST 5, 2020|
- Import surge clogs Southern California warehouses
- International air cargo volumes show monthly gains
- US shippers driven to seek greater LTL visibility
- FMC underscores NY-NJ port's need for more double truck moves
- Heavy load, bulk carriers pivot to offshore wind amid expected growth
- E-commerce surge stretches freight capacity across the supply chain
|AUGUST 5, 2020|
- Sinokor finally firms up dual fuel aframax tankers for Shell
- Crew member taking Bahamas Paradise to court over Covid-19 handling
- GasLog sees rising LNG spot action as a plus for older steam ships
- Hajioannou slams charterers' lack of altruism in Covid-19 crisis
- GasLog Partners fixes LNG steam ship to Chinese charterer Jovo
- CLIA pushes back voluntary cruise suspension through October
- Seanergy Maritime loss grows after one of dry bulk's 'most challenging periods'
- CMA CGM launches emergency plan in wake of Beirut explosion
- First Ship Lease exits boxship sector with further vessel sales
- Tripoli port to take over Lebanon cargoes after Beirut explosion
- GasLog sees 'significant uncertainty' on LNG shipping demand
- Norden pursues criminal case against port agency accused of inflating fees
- Ship financier Ingmar Loges to spearhead Newport Shipping expansion
- Fujairah and other UAE ports open for crew changes
- Alexander Oetker buys tenth bulker for AO Shipping
- Cruise restart just can't shake the coronavirus as troubles mount
- MAN Energy Solutions scales back redundancies by 35%
- Scorpio Bulkers shares dive 12.6% as owner explains bold move into wind
- MOL confident VLCC newbuilding is 'safe' after sailing from yard struck by coronavirus
- Ocean Tankers set for hearing on judicial management
- Dorian LPG claims it's ahead of the curve on emissions compliance
- Safe Bulkers suffers loss amid costs of longer voyages to open ports
- Ocean Tankers set for Friday hearing on judicial management
- Wavelength: The gas bubble has burst. Long live LNG
- Three-way China-Taiwan bulk venture gets underway
- K Line to cut 50 ships by 2025 as it takes $75m Covid-19 hit
- MAN Energy Solutions scales back planned redundancies by 35%
- Safe Bulkers reports loss amid longer voyages to open ports
- Ocean Tankers set for judicial management hearing Friday
- Death toll rising after confiscated cargo explodes in Beirut port
- Dorian LPG ahead of the curve on emissions compliance
- Richard Hext is next chairman of Hong Kong Maritime Museum
- Death toll rising after massive explosion rocks Beirut port
|AUGUST 5, 2020|
- E-commerce, pandemic charters boost ATSG's Q2 revenues
Air Transport Services Group
- Port Authority of New York and New Jersey performance worst ever
Federal government asked to contribute $3 billion to cover projected losses.
- Trans-Atlantic shipping sinks as trans-Pacific soars
Ports on the Atlantic are losing imports from Europe as well as Asia.
- CMA CGM worker among missing in Beirut
Container lines, some with damaged or destroyed buildings, are scrambling to reroute cargo bound for Lebanon.
- COVID outbreak threatens to delay ocean, air shipments in Australia
Logistics providers are worried that new emergency measures to combat a COVID resurgence in Victoria, Australia, will hamstring deliveries of imports and exports.
- Deutsche Post DHL beats back COVID-19 with Q2 profit
Deutsche Post DHL saw a significant rise in e-commerce activity during the second quarter due to continued COVID-19 travel restrictions and retail store closures.
- Role reversal: Passenger airlines make more from cargo sales in Q2
The cargo divisions at Air Canada, IAG/British Airways and Air France-KLM played dominant roles for their respective airlines in the second quarter, creating cash flow....
|AUGUST 5, 2020|
- Russia's H1 seaborne LPG exports plunge 42% on higher domestic appetite, OPEC cuts
Russia's seaborne LPG exports slumped 42% on the year to 1 million mt, largely due to increased consumption from the domestic petrochemical sector and lower production following OPEC+ cuts, Grieg shipbroker said in a report dated Aug. 4.
- Grounded passenger flights boost Japan NYK's Apr-Jun air cargo demand by 63% on year
Japan's Nippon Yusen Kabushiki Kaisha or NYK Line's revenue from air cargo transportation surged 62.8% year on year to Yen 28.8 billion ($272.4 million) over April-June, the company said August 5, as the transportation of goods via passenger flights plunged due to pandemic-led restrictions on international travel.
- Open interest for Singapore MF 0.5%S Aug contract on ICE drops 29%
Open interest for the August Singapore Marine Fuel 0.5%S contract fell 29% on the month in July, data from the Intercontinental Exchange showed Aug. 4, even as the market showed strength throughout the month and the August/September swaps spread flipped from a contango to backwardation.
- Oil climbs as stimulus bill progress, strong US factory data support demand outlooks
Crude oil prices settled higher Aug. 4 following more bullish US economic data and expectations of a large drawdown in US crude inventories.
- Overall shipping emissions in 2050 could surpass 2008 levels: IMO study
Overall emissions from shipping in 2050 could equal or surpass 2008 levels as shipping demand outstrips energy efficiencies, according to the International Maritime Organization's Fourth Greenhouse Gas Study 2020.
- USGC middle distillates flows to Europe in Aug already 660,000 mt: cFlow
US Gulf Coast middle distillate shipments due to arrive into Europe in August are scheduled to amount to at least 660,000 mt, of which around 440,000 mt is heading for Northwest Europe and 220,000 mt to the Mediterranean, data from S&P Global Platts trade flow software cFlow showed August 5.
- US weekly imports of Canadian crude surge to pre-pandemic levels: EIA
US weekly imports of Canadian crude surged 496,000 b/d in the week that ended July 31 to levels seen in January and February before refinery demand plunged as a result of the coronavirus pandemic.
- Low sulfur bunker fuel gap widens at Rotterdam
The pricing gap between 0.1%S marine gasoil and 0.5%S marine fuel -- both IMO 2020-compliant fuels -- has widened again at Rotterdam after the start of IMO's sulfur cap rule earlier this year saw the two come almost within touching distance of each other.