|DECEMBER 27, 2020|
- CMA CGM ends Port Congestion Surcharge at Tianjin Xingang
- Inventory correction looming in the US for 2021?
- Smart Marine Group forays into vessel handling services
- Suez Canal extends rebate for dry bulk vessels
- Spices exports surge
- Chennai Port cautions against unscrupulous elements using its name to collect money for job-related purposes
- Customs permits export containers for Chennai Port to be cleared at CWC Madhavaram, ICD Tondiarpet
- JNPT Board approves proposal to operate JNPCT on PPP mode
- New berthing policy & tariff structure at Krishnapatnam Port
- Vinit Kumar takes additional charge as Chairman, Paradip Port Trust
- FASTag mandatory for all vehicles from January 1
- Freight loading in Hyderabad division of SC Railway shows impressive growth
- India offers its ports to Bangladesh for ex-im trade to third countries
- Mahindra Logistics in agreement for last-mile delivery & distribution of products in rural India
- Ministry plans to facilitate development of products-specific warehouses/silos at ports & alongside National Waterways
- Economy recovering & has crossed 2019-20 growth figures by a slight margin
- Choppy waters: The year gone by & the year that will be
|DECEMBER 24, 2020|
- VIDEO: TP Group autonomous navigation system completes sea trials
Reading, U.K., headquartered TP Group plc reports that its patent pending autonomous navigation system, Northstar, has completed its sea trials program, demonstrating that it can safely navigate unmanned vessels in real-time and
- Trump reaction to coronavirus relief bill threatens WRDA
As we reported earlier, President Donald Trump sent Congress a straightforward veto message on the National Defense Authorization Act for 2021. That measure passed the House and Senate with overwhelming bipartisan majorities,
- YT 808 tugs are Navy's first to meet Tier 4
The U.S. Navy's new fleet of six 90 foot by 38 foot 3 inch YT 808-class tugs are its first built to meet the EPA Tier 4 Final diesel engine emission regulations.
- Damen piggy-backs three more vessels onto Canada delivery tow
Netherlands-based Damen Shipyards Group recently found a cost effective way to get five vessels delivered to three customers in Canada. The story began earlier this year when Odessa, Ontario based Doornekamp signed
|DECEMBER 24, 2020|
- UK agrees post-Brexit trade deal with European Union
British Ports Association says 'despite this deal, the UK is definitely leaving the EU's customs union and single market, which...
- Economou to 'vigorously' fight venture partner's $100m claim
Mr Economou tells Lloyd's List that a complaint lodged in the US has been filed with the court in recent...
- South Korea lays out decarbonisation plan
The shipbuilding nation expects to have technologies that can reduce a vessel's greenhouse gas emissions by at least 70% compared...
- DP World to develop new port in Senegal
Land surrounding terminal will be designated a special economic zone in the hope of attracting FDI
- ONE signs long-term charter for new ultra large boxships
The new 24,000 teu vessels, being built by a Japanese consortium, are expected to be delivered in 2023/2024, ONE says
- Samarco operations restart five years after dam rupture
The restart will be welcome news for the dry bulk market, especially the capesize segment, due to the anticipated extra...
- Port of Oakland sees opportunity as rivals face congestion
Mounting cargo congestion and the resulting delays as ships lingered at anchor off the two Southern California ports contributed to...
- Daily Briefing
Free to read: No Christmas cheer for stranded bulkers | Hapag-Lloyd orders new dual-fuel boxships | Deal will create largest gas...
- Cosco Shipping Energy in VLEC deal with Chinese petrochemical company
No specific details were disclosed but Liaoning Baolai is an existing customer of CSET and progress on a firmer transportation...
|DECEMBER 24, 2020|
- Gnosis sees disruption avoidance as path to importer technology adoption
- Outlook 2021: No relief in sight for LA-LB congestion problems
- Outlook 2021: Steady trans-Atlantic trade sees demand rebound
- Outlook 2021: Asia-Europe spot strength heralds sharp rise in contract rates
- Outlook 2021: Chassis providers eye equipment investments, regulatory cases
|DECEMBER 24, 2020|
- Eagle Bulk takes third Scorpio ultramax under the Christmas tree
- Diana Shipping fixes capesize bulker for most of 2021
- Aegean Shipping doubles tanker newbuilding tally at Cosco
- Charitable organisations reach out to seafarers during Christmas
- Active Shipping scores victory as court frees tanker
- Foresight names new drilling head for future expansion
- Vitol returns to fix Kyklades newbuilding suezmax on 15-month charter
- This is a humanitarian crisis. Here's what you can do to help seafarers
- Bahamas considers safety measures after probe into crew poisoning
- Action vital to ensure better 2021 for the world's overlooked key worker - the seafarer
- Seafarers' unprecedented year a testament to importance of human rights on the oceans
- Ocean Network Express locks in world's largest boxship newbuildings in deal with Shoei Kisen
- Moving east: Product tanker owners take cues from recovery in Asia oil demand
- Cosco Shipping mulls orders for very large ethane carriers
- United Maritime Egypt buys Baltic battery hybrid ferry
|DECEMBER 24, 2020|
- Among Piers: Cranes land in South Carolina
Drugs valued at more than $411 million are offloaded at Port Everglades, and the new Long Beach bridge shines bright.
|DECEMBER 24, 2020|
- ECUADOR DATA: October refinery output slips on year to 5.55 million barrels
Ecuador produced a total of 5.55 million barrels of fuels refined from crude oil in October, a 4.2% decrease from October 2019, but a 2.6% increase from September, according to data available Dec. 24 on the central bank's website.
- OIL FUTURES: NYMEX crude gets a boost from Brexit deal
Crude futures were largely rangebound and slightly bullish in preholiday trade Dec. 24, getting a lift on a preliminary Brexit deal.
- ECUADOR DATA: October crude output rises on year to 508,000 b/d
Ecuador produced on average 508,000 b/d of crude oil during October, an 8.8% increase from the 467,000 b/d pumped in October of last year, but a slight 0.8% decline from the 512,000 b/d produced in September, central bank data showed Dec. 24.
- Panama Canal wait times rise for Asia-bound LNG cargoes without reservations
Average Panama Canal passage wait times for Pacific-bound LNG tankers stood at 13 days recently, an increase from October when the delays began in earnest, the Panama Canal Authority has reported.
- Pembina's focus on Canada growth renews uncertainty over Jordan Cove LNG
Pembina Pipeline sees better near-term opportunity growing in Canada than in the US as the timing of its Jordan Cove LNG export project in Oregon remains uncertain amid commercial and state regulatory challenges, the company said Dec. 14.
- Platts LNG Bunker Weekly: Hapag-Lloyd order six LNG fueled container vessels; EC grants agreement for LNG bunker barge in Algeciras
The Singapore LNG bunker fuel price was assessed at $13.551/MMBtu Wednesday, with a $1.976/MMBtu spread to the JKM.
- Jet, kerosene stocks rise 1.2% on week to 917,000 mt: Insights Global
Jet/kerosene inventories in the Amsterdam-Rotterdam-Antwerp trading hub edged 1.2% higher to 917,000 mt in the week to Dec. 23, Insights Global data released Dec. 24 showed.
- Med 0.1% gasoil cargo premiums hit 6-week low on reduced demand
Cargoes of 0.1% gasoil in the Mediterranean fell to their lowest premium in six weeks as demand dropped and gasoil exports from the Black Sea rose adding supply.
- UK, EU agree to provisional post-Brexit trade agreement
The UK and EU have reached a provisional deal over their future trading relationship, avoiding the prospect of the two sides imposing tariffs on billions of dollars worth of imported goods from next year.
- COMMODITIES 2021: More gloom for European refiners on weak margins, new capacity
More European refinery closures and conversions are on the cards for 2021 after dominating the sector in 2020 when the COVID-19 pandemic led to plunging demand for most oil products, with very weak margins and new capacity weighing on the sector next year.
- ARA gasoline stocks down 4.8% on week, naphtha up 22%: Insights Global
Gasoline inventories in the Amsterdam-Rotterdam-Antwerp trading hub, as measured by Insights Global, showed a 4.8% drawdown to 1.302 million mt in the week to Dec. 24, while naphtha stocks increased 22% to 438,000 mt.
- ARA diesel, gasoil stocks fall 1.6% on week to 2.6 million mt amid strong HOGO
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub fell 1.6% on week to 2.589 million mt in the week to Dec. 24, Insights Global data showed on the day.
- ARA fuel oil stocks up 7.9% on week to 1.363 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region rose 7.9% week on week to 1.363 million mt in the week to Dec. 23, Insights Global data showed.
- OIL FUTURES: Crude oil futures slip as market awaits Brexit trade deal
rude oil futures gave up some of their recent gains in early European trading Dec. 24 as new strains of COID-19 and escalating lockdowns weighed on economic sentiment, offsetting an expected announcement on a trade deal between the UK and European Union which was proving slow to materialize.
- THAILAND DATA: Nov crude, condensate imports jump 79% to 862,796 b/d
Thailand imported 862,796 b/d of crude and condensate in November, up 79.1% from a year earlier, according to data released Dec. 23, by the Customs Department.
- REFINERY NEWS: Crude deliveries to Russia's Mariisky resume
Crude deliveries to the Mariisky plant in Russia resumed late Dec. 23, according to data from crude pipeline operator Transneft.
- S KOREA DATA: Nov LPG imports edge 0.9% lower on month to 8.37 mil barrels
**Imports down on lower demand, higher production **Demand falls on scheduled PDH plant shutdown
- Asian gasoline market rises in early trade on surprise US stock draw
The Asian gasoline market received a fresh bout of support from the West prior to the Christmas holiday as a surprise US gasoline inventory draw lifted Asian gasoline crack spreads in mid-morning trade Dec. 24.
- TENDER DATA: PSO cancels tender seeking 195,000 mt HSFO for H2 Jan delivery
The company has canceled five buy tenders since early November, when LNG prices were more competitive.
- Middle East, India gasoil shipments to Asia rise in Dec on firm EFS
**December gasoil loadings seen at 460,000 mt, up from 450,000 mt in November **Middle East, India gasoil sellers turn East amid poor demand in Europe
- Bunkerworld Index: Prices waver amid economic headwinds
**North Asia bunker outlook bullish on lower stocks, continuing demand **Uncertain outlook at Rotterdam amid lagging demand and vaccine optimism **USGC, Panama demand likely to wane in line with seasonal expectations
- TENDER DATA: Thailand's PTTGC sells IMO-compliant fuel oil for Jan. 16-18
The company last sold 50,000 mt of IMO 2020-compliant fuel oil with minimum 100-380 CST viscosity for Dec. 26-28 loading from its Map Ta Phut refinery, at a discount of around $3/mt to Mean of Platts Singapore Marine Fuel 0.5%S assessments, S&P Global Platts reported earlier.
- THAILAND DATA: Nov automotive diesel exports rise 40% on year at 101,080 b/d
Thailand boosted exports of automotive diesel and heavy fuel oil, but the country's jet fuel and naphtha shipments fell in November, according to data released on Dec. 23 by the Customs Department.