|DECEMBER 8, 2020|
- Bahri signs Training Services Agreement with NMA
- CMA GGM Group increasing expertise in air freight
- Container lines with transpacific operations profited most in Q3
- New tank storage terminal to come up at Rotterdam port
- SCFI Asia to Northern Europe/Mediterranean spot rates surge
- SkyCell, Air France KLM ink agreement to reintroduce hybrid containers for pharma shipments
- SpiceXpress readies to support Covid-19 vaccine distribution with its state-of-the-art cold chain service
- New project to review state of sustainable finance across the export finance industry
- Cochin Port's new benchmark in vessel handling
- INDIAN PORTS ASSOCIATION
- Ministry issues draft guidelines on technical specifications of floating structures for public consultation
- DB Schenker launches own global blog
- Key infrastructure links between CLMV countries & India soon for better economic integration
- Senegal joins World Logistics Passport, boosting its position as a trade hub for Africa
- Forex reserves show rare decline
- India to be among top economies in the world in next few years: NITI Aayog Vice-Chairman
- Indian economy seen reflecting resilience, robustness through V-shaped recovery
- Electronics & automotive products lift global merchandise trade in Q3
|DECEMBER 9, 2020|
- Tolls to be extended to trucks from 3.5 t
- 240 new wagons for Ermewa's fleet
- Latam Cargo's maiden operations in Doha
- New distribution site for Jacksonville
- Track rail shipments from China to Europe
- Capacity crunch in Asia
- Australian supply chain workers play vital role
- First SAF programme for global airfreight
- Flexport chooses new staff for Europe
- QSL takes over food logistics
- AI against piracy
- Finnair posts strong cargo performance
- "Curiosity of the Day"
- Europa's former IT director launches IT consultancy
- Rail hub to become logistics park
- Refitting ships on Suez Canal
- Felbermayr expands portfolio
|DECEMBER 8, 2020|
- GSF backs India's call for return to 'all-inclusive' ocean freight rates
- DCSA publishes first process standards for use of electronic bills of lading
- AF-KLM Cargo asks customers to go greener with sustainable aviation fuel
- CMA CGM tackles shortage of boxes and capacity on Asia-North Europe
- MSC buys more second-hand ships and may be eyeing Seaspan newbuilds
- ONE Apus back in Japan after record loss of containers in heavy weather
- Tariff uncertainty leaves a nasty taste in the mouth of UK food and drink sector
- Questions as FedEx pops e-commerce platform ShopRunner in its cart
- Analysis: XPO break-up - a 'powerhouse' in no man's land
|DECEMBER 8, 2020|
- Scorpio Bulkers sells another
Emanuele A. Lauro led Scorpio Bulkers Inc. (NYSE: SALT) has agreed the sale of another bulker as it continues on the path to transition that it began in August when it announced
- Congresswoman tours Mid-Atlantic Maritime Academy
The Mid-Atlantic Maritime Academy (MAMA), Norfolk, Va., was recently visited by U.S. Representative Elaine Luria (D.) of Virginia's Second Congressional District. MAMA offers over 90 USCG-approved deck courses and engineering classes, Its
- Canada takes delivery of second interim icebreaker from Davie
The Canadian Coast Guard has taken the delivery of the CCGS Jean Goodwill, the second of three medium interim icebreakers created by Davie Shipbuilding in Lévis, Quebec, through the conversion of a
- Thordon Bearings look good for thirty years of problem-free cruising
A recent inspection of the twenty-year-old Thordon water-lubricated propeller shaft bearings installed on a twin-screw cruise ship were found to be within classification society parameters and suitable for continued use for a
- Vestdavit will supply Polar Security Cutter davits
Vestdavit Inc. has won a tender to supply shipbuilder Halter Marine, Pascagoula, Miss,. with marine davits for the U.S. Coast Guard's new Polar Security Cutter (PSC). Two Vestdavit HNFE-5000 davit systems will
- Torqeedo powers Thailand's first electric passenger ferry fleet
Thailand's first emissions-free commuter fleet was placed into service on November 26 2020 by the Bangkok Metropolitan Authority (BMA). Seven new vessels joined the first test boat, which has been successfully transporting
- ClassNK unfolds Digital Grand Design for sustainability
SPONSORED CONTENT: ClassNK's Digital Grand Design frames its strategy for a more sustainable maritime industry. ClassNK recently unveiled its Digital Grand Design to express the pivotal role it expects digital technology to
- Rolls-Royce acquires marine automation specialist Servowatch
Aiming to significantly expand the ship automation division of its MTU brand, Rolls-Royce has acquired U.K.-based integrated marine automation solutions specialist Servowatch Systems from India's Larsen & Toubro. The new subsidary's open
|DECEMBER 8, 2020|
- CSSC Shipping acquires suezmax tanker linked to Restis
Stock filing shows that Raina Shiptrade, ultimately controlled by the Restis family, is the current owner of the tanker. According...
- Gunvor lines JV to tap Vietnam LNG demand
Vietnam is seen as a growing LNG market, with 22 projects now approved by the local government seeking to import...
- US ramps up inspections of container shipping carriers
"We are looking into all potential - I repeat - all potential responsive actions, including a review of whether such...
- Collaboration and fleet conversion carbon-critical needs for 2021
Liquefied natural gas 'offers a great stepping-stone in the right direction supporting the transition'
- Markets will drive environmental change ahead of regulators, shipping warned
Former Norwegian Shipowners' Association chief executive and current ocean adviser to the UN believes markets will drive change faster than...
- Hapag-Lloyd lifts earnings guidance again
After a strong third quarter of 2020, Hapag-Lloyd expects the fourth quarter to continue in the same vein. It raised...
- From the News Desk: Major Asian economies reject EU decarbonisation plans
Representatives from Asia's three major shipbuilding states have joined the calls for the European Commission to change course on its...
- Swedish Club announces 5% hike for P&I, 10% for FD&D
The Swedish Club has announced general increases for both protection and indemnity and freight, demurrage and defence classes at the...
- Top 10 in regulation in 2020
The pandemic may have derailed the pace of regulatory proceedings, but efforts by the biggest players to shape those regulations...
- Container terminal operators hit by $1.9bn fall in earnings
First-half of the year earnings are down by a fifth from where the were projected to be before the pandemic...
- Turkish cargoship detained off Libya
Libyan National Army forces detained the 8,508 dwt Mabrooka en route from Port Said to Misrata on December 4, according...
- Lloyd's List 2021 Shipping Outlook Forum: Poll results
The recent Lloyd's List 2021 Shipping Outlook Forum addressed some of the critical questions facing shipping and provided insight into...
- Daily Briefing
Free to read: Box demand holds firm beyond peak season | Pollution mapper plots shipping's route to help the environment...
- DSME expects to clinch 10 LNG-fuelled VLCCs
Formal shipbuilding contracts will be completed in the first quarter of next year, which would pave the way for DSME...
- Standards set for electronic bills of lading
The pandemic has driven shipping closer towards paperless documentation. The latest step in the DCSA's electronic documents programme seeks to...
- Seaspan orders five 12,200 teu boxships
The transaction is expected to add about $910m of contracted cashflows to the company over the charter period. Details of...
|DECEMBER 8, 2020|
- FMC reviewing whether ag export booking rejections violate Shipping Act
- Port of Virginia gets Europe-to-Caribbean vessel string
- 3Gtms takes aim at automated audit with startup partnership
- Surcharges help manage capacity for merchandise returns
- Stronger volumes spur Hapag-Lloyd to raise 2020 profit guidance
- DCSA targets longstanding hurdle with electronic BL standard
|DECEMBER 8, 2020|
- Maersk gives all employees a grand Christmas with surprise bonus
- Crew evacuated after blaze hits UTM aframax off Taiwan
- Emergency services brought in as ONE Apus docks in Japan
- Team Tankers tidies company for potential sale
- Meteoric rise continues for VLGCs but longer-term pressures remain
- Gunvor muscles in on Vietnam FSRU and shipping project
- Yilport imposes Covid-19 surcharge to recoup pandemic's costs in terminals
- Marinvest sells LR1 tanker amid focus on methanol carriers
- Teco 2030 unveils launch of super-scrubber system Future Funnel
- Masked meeting: Eastern Pacific welcomes Singapore ministers
- US blacklists companies, ships with ties to North Korea coal trade
- Capesize spot market reaches six-month low amid Vale woes
- Triton Navigation sells supramax to Astra Shipmanagement but denies shipping exit
- Chickens coming home to roost for shipping over Brexit bungling
- Turkish cargoship seized by Haftar militia amid conflict in Libya
- Pleiades pushes ahead with tonnage clear-out ahead of newbuilding deliveries
- Ince boosts Chinese presence in cooperation with lawyers W&H
- Video shows armed guards fighting off Nigerian pirate attack
- Kassian Maritime reported to have offloaded kamsarmax to Greece's Modion at a loss
- Evalend Shipping returns to Hyundai Mipo for LPG carrier newbuildings
- Dutch cargoship seeks refuge in Spain after flooding
- Diana Shipping locks bulker into year charter with NYK Line as period rates rise
- Car carriers on track for recovery as rates bounce back from record lows
- ASL Marine employee confirmed to have contracted Covid-19
- Singapore boosts Covid-19 financial support for maritime sector
- Maersk Tankers sells 14 product tankers to CDB Leasing
- Zhoushan emerges as cheap bunkering location able to deal with Covid-19 rules
|DECEMBER 8, 2020|
- The mystery of the frozen trans-Pacific spot rates
Trans-Pacific spot index rates haven't budged from the same peak band for the past 10 weeks. How is this possible in a competitive free market?
- Cargojet adds capacity for DHL to meet e-commerce surge
Express carriers like DHL are getting slammed with e-commerce shipments as the holidays approach, and transportation contractors like Cargojet are throwing resources into the response.
- Storm-beaten ONE Apus berths in Japan
The state of customers' freight remains unknown as inspection of the 14,052-TEU vessel begins.
- South Carolina Ports: Southeast market 'booming'
CEO Jim Newsome calls Walmart's $220 million investment a signal that SCPA is "prepared to be a force in retail distribution."
- DHL to deliver Pfizer/BioNTech vaccine in Germany
DHL will be the first to deliver COVID-19 vaccines in Germany. Integrated logistics companies like DHL, FedEx and UPS have an advantage with their closed...
- Digital Container Shipping Association helping shape paperless trade
E-documentation initiative establishes data and process standards for bill of lading preparation and issuance.
|DECEMBER 8, 2020|
- OIL FUTURES: Oil steady as market weighs supply outlooks against rising pandemic risks
Oil futures settled mixed Dec. 8 after a directionless session as the market pitted the rising threat of pandemic lockdowns against forecasts of tighter oil markets in 2021.
- China's Zhoushan port Jan-Nov bonded bunker fuel supply rises 18% on year
China's budding bunkering hub, Zhoushan port, supplied 4.14 million mt of bonded bunker fuels over January to November, rising 18% year on year, an official from the Zhoushan Port and Shipping Administration Bureau said Dec. 8.
- FEATURE: India's growing love for spot LNG may shift 2021 import strategy
India's growing interest to buy LNG cargoes based on spot prices may start to alter its import landscape in 2021, prompting producers to rethink their supply strategy, while gas demand could see double-digit growth as industrial and residential consumption revive.
- FEATURE: Soaring VLGC rates unlikely to spark fresh wave of new buildings
Very Large Gas Carrier rates on the key Persian Gulf to Japan route soared to its highest level in almost five years and four months at $98.5/mt Dec. 8, but this would not trigger a fresh wave of new buildings in a well-supplied LPG shipping market, industry sources said.
- European diesel cargoes hit fresh highs on limited supply
Premiums for CIF NWE and CIF Med ULSD cargoes hit their highest point in four and five months, respectively, Dec. 7, on tightening supply-side fundamentals in both regions.
- Europe and Africa residual fuel: Key market indicators this week
The European fuel oil markets have seen demand decline with the approach of year-end; however, supply continues to be heard lower than typically expected with reduced refinery runs seen throughout this year.
- USAC distillate imports rise as region reimagines supply chains
Imports of distillate barrels to the US Atlantic Coast have surged in 2020, with the region looking to alternate sources of product to meet demand seen despite the fallout from the coronavirus pandemic.
- Oil products in spotlight as Brexit transition draws to close
**EU took 68% of UK oil products exports in 2019 **Little visibility on what is to come
- Containers face fresh customs rules, demand spike ahead of Brexit transition deadline
**December container rates almost double November levels **EU accounts for over half of UK imports **COVID-19 adds further pressure to supply chain
- REFINERY NEWS: Poland's Gdansk launches hydrogen unit
Poland's second largest refiner, Grupa Lotos, said Dec. 8 it has commissioned a hydrogen recovery unit that will produce almost 9,000 mt of hydrogen a year.
- REFINERY NEWS ROUNDUP: South Africa's Engen halts following explosion
**Engen sells fuel oil to Durban bunker market **Cape Town refinery also halted due to explosion
- Goldman Sachs' Currie predicts 'long-lasting bull market' for virtually all commodities
**Oil demand 102.5 million b/d in 2022, prices at $65/b end-2021 **Energy transition to stimulate oil demand, EVs facing lithium shortfall **US stimulus to kick-start policy boost for demand globally
- Russian 2020 river navigation closes late after early start
**Mild weather has extended season **Fuel oil and vacuum gasoil typically transported by river for export
- UAE's ADNOC launches second trading arm specializing in refined products
**New arm is joint venture with Eni, OMV **First trading arm started up in September **ADNOC, ICE to launch Murban futures in March
- FEATURE: Fujairah eyes 4th refinery in 2021 as Oman plans to add storage
**Brooge Energy plans 25,000 b/d refinery **Fujairah marine fuel prices tumble this year **Murban futures trading may provide incremental boost
- Singapore bunker market unfazed by Ocean Bunkering Services liquidation: sources
**OBS cannot continue its business due to liabilities **Creditors meeting to be held Dec. 15 **Singapore bunker market well diversified
- Libya's rapid rebound drives OPEC+ output to 6-month high: S&P Global Platts survey
**OPEC output rises to 24.54 mil b/d on Libyan surge **Non-OPEC allies trim production by 50,000 b/d **OPEC+ compliance steady at 100.2%
- Singapore's MPA extends relief measures until June 2021 amid COVID-19 hurdles
The cumulative amount of support under the package is S$33 million.
- Singapore fuel oil swap trades during Platts MOC surge 69.8% on month in Nov
The high sulfur bunker fuel oil market also continued to see strong demand in November.