Baltic's main sea freight index shows upward trajectory
CargoGulf announces new Arabian Gulf - South-East Asia container liner service
Exports to China surge in June
Govt notifies imposition of anti-dumping duty on phosphoric acid from Korea for five years
Port sector seeing early signs of recovery but sustainability remains a concern, says ICRA
Dedicated Freight Corridors likely to be completed by Dec. 2021
Local level restrictions on inter- & intra-state movement of goods & people seen impacting supply chains
Lufthansa Cargo opens pharma facilities in Munich & Chicago
Motor vehicle documents' validity extended till December this year
Scoot modifies A320 aircraft to boost cargo capacity & capabilities
SpiceJet set to induct its first wide-body Airbus A340 cargo aircraft
Revised guidelines for conduct of personal hearings in virtual mode under CGST Act, 2017, IGST Act, 2017, Customs Act, 1962, Central Excise Act, 1944 and Chapter V of Finance Act, 1994
Ministry of Shipping facilitates highest crew change in the world at Indian ports & through charted flights
USCG icebreaker Healy suffers fire, propulsion failure The U.S. Coast Guard reports that its polar icebreaker Healy (WAGB-20) suffered a fire in one of its main propulsion motors Aug. 18 while underway for operations in the Arctic. No injuries
Ports of Indiana handles project cargoes for Michigan power plant project The Port of Indiana-Burns Harbor is handling the primary shipments for a $1 billion natural gas fired power plant project at the Indeck Niles Energy Center in Michigan. More than 600 pieces
Damen makes rapid ASD tug newbuild delivery On August 14, Damen Shipyards Gorinchem, in the Netherlands, held a naming ceremony for the Peter Wessels, a new 28-meter ASD tug - just four months after the shipbuilding contract was signed
Bath Iron Works union members back at work Members of IAM Local S6 are back at work at shipbuilder GD Bath Iron Works, Bath, Maine, after voting 87% to ratify a three-year collective bargaining agreement. Union members started back at
GPA says Savannah now top U.S. box export port The Georgia Ports Authority (GPA) reports that the Port of Savannah exported more loaded containers than any other port in the U.S. from January through May, achieving a 12.2% market share. Garden
Bleu Hilburn returns to Crowley Solutions as VP of business development Logistics executive Bleu Hilburn is returning to Crowley Solutions as vice president of business development for all government services. In this role, Hilburn will develop strategies to build a customer pipeline, qualify
Wakashio officers "could face 60 years prison" Yesterday, after being moved to a sea area designated by the Mauritius authorities, the forepart of the ill-fated Panamanian-flag bulker Wakashio was scuttled, almost exactly one month after its July 25 grounding
Refined product data paints grim picture for tanker market The largest global demand slump was predictably for jet fuel, with demand 39% lower, compared with gasoline which was down...
Condor cuts ferry services and sheds jobs Condor Ferries says it has been hit by travel restrictions imposed by Jersey and Guernsey and will switch to reduced...
Wakashio: Deadline set to remove remaining section The forward section of the broken Japan-owned Wakashio capesize has been sunk off Mauritius. The operation, which normally takes 24...
From the News Desk: Alliances push forward shipping's decarbonisation Otherwise unlikely collaborations are forming among leading companies in shipping as the sector looks for ways to solve the conundrum...
Seadrill shareholders could lose all in debt-restructuring The loss-making rig operator has already announced plans to cut 30% of its workforce and now says debt-restructuring could 'result...
Zim said to have hired banks for possible share sale Israeli shipping company is considering a public listing in New York or London and has appointed banks to lead the...
Swedish Club premiums jump despite coronavirus New business wins and firmer rates enabled Gothenburg-based International Group affiliate the Swedish Club to come through the first half...
Digitalisation critical to logistics chain shake-up The maturity of digitalisation in container shipping requires more accumulation and better analysis of data. For now, carriers and forwarders...
Container carriers collaborate over carbon concerns Container lines are bringing together unique combinations of companies to help solve the conundrum of how to decarbonise shipping
Daily Briefing Free to read: Box lines set to shrug off negative impact of pandemic | Tanker market faces an uncertain period...
Beirut port blast puts Tianjin lessons to the test Global carriers face substantial marine and business interruption exposures, but total insured losses from the Lebanon explosion are expected to...
CSSC Shipping signs leaseback deal for Ciner Shipping suezmax duo The suezmax duo are believed to be the Malta-flagged, HHI-built Zeynep and Ayse C. Both ships are scheduled for delivery...
HMM will test carbon-neutral promise of bio-heavy oil HMM is starting a bio-heavy oil test as it explores pathways to achieve carbon neutrality by 2050. The project will...
Zhejiang Satellite doubles down on VLEC fleet The latest deals will increase the total number of very large ethane carriers run by Zhejiang Satellite to 12 units...
Lawsuits filed after Port of Corpus Christi blast Orion Marine Group said it 'does not expect any material adverse impacts as a result of this incident'
Oakland port cuts emissions after move to hybrid cranes Stevedoring Services of America said its project of retrofitting some 13 gantry cranes will cut diesel emissions by 95% and...
Employee pleads guilty to stealing $7M from marine cargo company The president of Dan-Gulf Shipping said the stolen funds were not a major factor in shuttering the company.
What trade war? US imports from China are booming U.S. importers turn to Chinese sellers in the wake of COVID.
American Airlines to chop 19,000 jobs amid travel slump The CARES Act was a Band-Aid for the airline industry, holding tens of thousands of jobs in place for a brief period. Now the Band-Aid...
Port Houston to close ahead of Hurricane Laura Laura is expected to make landfall late Wednesday night, hitting the Gulf Coast somewhere near the Texas-Louisiana border.
New data trove reveals how COVID hit world trade Good news: Ocean volumes are recovering from COVID.
Cobwebs and corrosion: Reactivating parked aircraft requires extra care Hibernation is good for bears, but not so much for aircraft. When planes sit for extended periods, systems can erode and corrode, and bugs can...
New air cargo security standards could gum up e-commerce exports The U.S. Transportation Security Administration is not ready to implement new international security standards for cargo carried on freighter aircraft that go into effect next...
Busan port July container volumes fall 7% on year on weak demand amid pandemic Container throughput at South Korea's Busan port in July slid 7% year on year to 1.75 million twenty-foot equivalent unit, data published by the Ministry of Oceans and Fisheries showed, as international demand continues to remain under pressure due to the coronavirus pandemic.
French carrier CMA CGM hikes rates on Asia-Red Sea, Asia-India routes French container carrier CMA CGM has increased rates on the Asia-Red Sea route by $200/twenty-foot equivalent unit, it said in a statement late on Aug 24.
Russia to raise minimum volume of oil products to be sold on exchange floor Russia is about to increase the minimum obligatory volumes that oil producers are required to sell on the exchange floor, according to a draft document published on the government website.
Nigeria's Forcados Oct loadings at 250,000 b/d, up 37,667 b/d on month October loadings of Nigeria's Forcados crude are set to be 250,000 b/d, a rise of 37,667 b/d from September, according to a copy of the loading schedule seen Aug. 25 by S&P Global Platts.
Commercial operations at India's $8.83 billion Vadhavan port expected in 2025-2026 Commercial operations under phase one of the upcoming deep draft all-weather Vadhavan port in Maharashtra were expected to commence in 2025-2026, Jawaharlal Nehru Port Trust said in a Term of Reference application to the Ministry of Environment, Forest and Climate Change.
Hurricane Laura worries shut Port Houston traffic, slow bunker trading US Gulf Coast bunker markets made muted moves as Port Houston vessel traffic was expected to halt Aug. 25 ahead of Hurricane Laura's landfall, expected in the region as soon as late Aug. 26.
ARGENTINA DATA: Oil exports rise 33% on year to 51,480 b/d in H1 2020 Argentina's crude oil exports rose 33% year on year in the first half of 2020, as a plunge in domestic demand during an economic lockdown for the coronavirus pandemic made more supplies available for shipping abroad, industry data showed Aug. 25.
OIL FUTURES: Refined product prices surge as USGC refineries close ahead of Hurricane Laura Refined product futures settled higher Aug. 25 amid a bevy of refinery closures in southeastern Texas and southwestern Louisiana ahead of Hurricane Laura's arrival in the region later this week.
Typhoon Bavi to impact S Korea's bunkering operations: sources Bunkering operations at the southern and western ports of South Korea are expected to face disruptions from Typhoon Bavi this week, market sources said.
Upcoming S Korea ECA low sulfur norms at ports to have minimal impact: sources South Korea's new Emission Control Area, requiring ships to use fuel with maximum 0.1% sulfur content while berthing from Sept. 1, is expected to have a minimal impact, market sources said in the week started Aug. 23.
MGO-ULSFO bunker spread hits 8-month low in Europe Ultra low sulfur fuel oil remains cheaper than marine gasoil but only marginally as price differentials narrowed to an eight-month low in Europe, S&P Global Platts data showed.
TENDER DATA: Thailand's PTT sells 60,000 mt IMO-compliant fuel oil for September Thailand's PTT sells 60,000 mt IMO-compliant fuel oil for September
INDIA DATA: India's July gasoil output rises 6.5% on month India's gasoil production charted its third straight month of growth in July as refiners sought to capitalize on steady refinery margins for the middle distillate.
Brazil's Petrobras to sell legacy fields, refinery in Rio Grande do Norte state Brazilian state-led oil company Petrobras plans to shed more legacy assets in the Potiguar Basin in the country's northeast, including oil and natural gas processing infrastructure that could help expedite an eventual revitalization of the traditional onshore oil-bearing region, according to a sales prospectus the company released Aug. 24.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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