|JULY 6, 2021|
- Container shipping prices seen at record highs
- Contracted container ocean freight rates ease rise in June, but bring little relief to shippers
- Global shipyards face 3rd lowest orders for newbuildings in 12 years
- Shipping likely exempted from proposed global tax
- DGTR begins probe into dumping of electrogalvanized steel from Korea, Japan, Singapore
- Extension of Interest Equalization Scheme welcomed
- Cargo volume up 27 pc at Major Ports in Q1 FY22
- INDIAN PORTS ASSOCIATION
- JN Port registers significant throughput rise in June
- Bangalore's BLR Airport regains cargo momentum
- Cathay Pacific Cargo rolls out Ultra Track worldwide
- CONCOR commences rail service ex-JN Port to Goa for ex-im traffic under integrated logistics
- Overall air cargo volume in first five months 20 pc above 2020
- CBDT grants further relaxation in electronic filing of Income Tax forms 15CA/15CB
- Qatar Airways Cargo Joins Pharma.Aero
|JULY 7, 2021|
- Partnership for B737-700/800 conversion
- 2,000 train kilometres in 60 hours
- Geodis expands US footprint
- Three "C" for contactless tracking
- And the winners are...
- Another rail-road service launched
- Cargotec - Konecranes merger revisited
- Pact for a North Asian route
- Duet for ten LNG vessels
- Dual Mode locomotives for Germany
- Flying three fire trucks on one AN-124
- Seebauer to the Chiemsee
- Wind project finished in Portugal
- 2,000 mineral hopper cars ordered
- "Curiosity of the Day"
- Peters returns to logistics sector
- "Ever Given" now free to go
- 90 years ago - postal airplane futuristic design
|JULY 6, 2021|
- Quiet air cargo market confident of strong demand and a peak season this year
- CSX makes 'third time lucky' bid for Pan Am Railways takeover approval
- Haulier praise for port of Liverpool (and The Loadstar) as it acts to ease delays
- Carriers eye $100bn profits and are 'set up for years in a truly crazy market'
- Culina to acquire GreenWhiteStar businesses, including Stobart and Pallet Network
- 'Unequal' impact of high freight rates hits margins of smaller shippers harder
- Former chairman urges Yang Ming to increase owned fleet as charter fees rise
- Sarah Treseder to take over as CEO at UK Chamber of Shipping
- Analysis: Sketching a management buyout of Mainfreight
|JULY 6, 2021|
- Island Offshore wins SOV contract on floating wind farm
Equinor has awarded Ulsteinvik, Norway, headquartered Island Offshore a contract for service operation vessel (SOV) for the Hywind Tampen floating wind farm project in Norway. The contract will be served by W2W
- C&C Marine and Repair delivers second towboat in Kirby trio
Recently delivered by Belle Chasse, La., based C&C Marine and Repair, the M/V Bowling Green is the second in a series of three towboats ordered by Kirby Inland Marine, L.P. and was
- Ever Given set to leave Suez Canal
Egypt's Al Ahram newspaper reports that the Ismailia Economic Court today agreed to lift its order impounding the Ever Given, the giant containership that had blocked the Suez canal for nearly a
- Zim in second LNG dual-fuel box ship deal with Seaspan
Containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. ("Atlas") (NYSE:ATCO),, today reported that it has entered into long-term charters with Haifa, Israel , headquartered ZIM Integrated Shipping Services
- Euronav enters ammonia-fueling JDP, orders 3 Suezmaxes
Antwerp, Belgium, headquartered Euronav NV (NYSE: EURN & Euronext: EURN) reports that it is in a Joint Development Program (JDP) with the largest shipbuilder in the world, Hyundai Heavy Industries (HHI) and
|JULY 6, 2021|
- Marine insurers failing to reimburse ransom payments
'The only reason (P&I clubs) didn't pay ransom in Somalia is because it was a property risk,' says HFW partner
- 'Bankrupt' shipowner faces jail for contempt of court
Nobu Su is being pursued by Greek shipowner Polys Haji-Ioannou for not paying multi-million dollar debts following UK court judgments...
- One ship is hacked every day on average
The key to dealing with hacking is to pick up the problem as early as possible, before any losses are...
- Seaspan and Zim sign deal for 10 LNG boxships
With charter tonnage hard to come by, Seaspan is heading back to the yards for Zim. The 12-year charter period...
- Shipbuilders face mixed outlook as newbuild costs soar
Three key shipbuilding countries have seen orders increase considerably in recent months bolstered by bullish freight markets. China State Shipbuilding...
- Euronav acquires tankers with ammonia power potential
The company announced it is buying three new suezmaxes and one very large crude carrier as it launches a joint...
- Changing Lanes: UK's growing reliance on shortsea shipments to fulfil deepsea duties
Deepsea non-Continental cargoes still outweigh UK trade originating to and from Europe, but more and more of this trade is...
- Derivatives dive as market confidence fades
With physical rates waning and a subsequent decline in volumes of FFAs being traded, reduced volatility in the market has...
- Contract box freight rates soar in first half
High demand levels coupled with port and inland congestion create a perfect market for carriers. But shippers are warned to...
- CMA CGM launches waste power project
The Coalition for the Energy of the Future has launched its first big project, which will trial the use of...
- Daily Briefing
Free to read: Majority of EU shipping emissions could be included in carbon market | Recycling rates hit 13-year high...
- CSIC Ltd sustains losses from offshore yard restructuring
CSIC Ltd made a Yuan312m ($48.26m) provision for impairment losses last year because of debt reorganisation. But it expects no...
|JULY 6, 2021|
- E-commerce draws Knight-Swift to LTL sector with $1.35 billion deal
- Congestion forces MSC to scale back Oakland calls
- South Korea to subsidize container rates, boost logistics investment
- Portchain arms Charleston with berth-planning software
- European economic rebound spurs carrier capacity injection
- JOC Trans-Pacific rankings: 2M, independent carriers gain share
- UK trucking market consolidating as driver crisis cuts capacity
- EU truck makers teaming on long-haul battery-charging stations
|JULY 6, 2021|
- Seaspan and Zim double down with $1.5bn deal for LNG-fuelled boxships
Tally of dual-fuelled newbuilds doubles with fresh order for ten 7,000 teu vessels
- In step-by-step renewal, Safe Bulkers inks fifth newbuilding
US-listed company's drybulk orders and acquisitions go hand in hand with disposal of older ships
- Saevik family aims for $58m IPO for cruise ferry unit Havila Kystruten
Norwegian shipping company raising funds to serve key 10-year government contracts with new hybrid vessels
- MSC climbs ranking of Europe's top climate polluters
Brussels-based environmental group names liner giant as 'one of Europe's biggest shipping polluters'
- Capital Maritime strikes $187m deal for six feeder containerships
Evangelos Marinakis' privately owned company inks third boxship newbuilding contract since end of last year
- State company Asyad linked to sale of 40% chunk of Oman Shipping
Government-controlled transport group reportedly considers strategic disposal of stake in LNG and VLCC owner
- Shippers dive for cover as 'extreme freight rates' near $20,000-per-feu mark
Liner sector homes in on $100bn profit as pain is felt by outfits making bookings
- Simon Mokster wins first SOV wind farm contract with Equinor
New deal for Hywind Tampen project marks evolution in Norwegian owner's relationship with energy giant
- Maran sells older VLCC for strong price in bullish secondhand market
Greek shipowner continues to dispose of vintage tankers amid fleet renewal
- P&I worries ease after Suez Canal settlement, but focus turns to X-Press Pearl claim
Major claim from containership loss could be pending as insurers mull salvage options
- War of words rages as $500m Triumph Subsea order fails at InfraStrata
Accusations fly as December 2020 wind farm vessel deal collapses
- Shippers dive for cover as 'extreme freight rates' near $20,000-per-day mark
Liner sector homes in on $100bn profit as pain is felt by those companies making a booking
- Ever Given to be free to sail after Wednesday ceremony at Suez Canal
The ship's Japanese owner is set to attend ceremony via video-link before ship heads for Rotterdam
- Hayfin Capital's Greenheart shipping desk sets out growth plans
Nascent in-house ship-management outfit targets growth with key hires
- Golden Energy Offshore delays payments again as it works on refinancing
Tough last 12 months has left liquidity "strained" at Norwegian offshore vessel owner
- Tufton doubles money on containership as it eyes tankers and bulkers
UK shipping fund offloads feeder vessel in hot market, with the proceeds earmarked for more acquisitions
- Euronav doubles down on ammonia with orders for suezmaxes and third VLCC
Belgian owner signs partnership deal with Hyundai Heavy Industries to push its green fuels agenda forward
- Primerose Shipping sells panamaxes and buys kamsarmaxes in bulker fleet renewal
Greek operator uses market bonanza for ship swaps that may be increasingly hard to perform in a tight secondhand market
- U-Ming heads to Thailand to order offshore wind crew transfer vessels
Marsun Shipyard to build pair of trimaran vessels for combined Taiwan-Danish joint venture
- Singapore offers concessions to FSRUs used for LNG bunkering
City state's offer on port dues could be worth up to $3m over five year qualifying period
- U-Ming heads to Thailand for offshore wind crew transfer vessel order
Marsun Shipyard to build pair of trimaran vessels for combined Taiwan-Danish company
|JULY 6, 2021|
- Container lines are poised to hit a $100 billion profit jackpot
Ocean carriers could make up for two decades' worth of losses in a single year as demand overwhelms vessel supply.
- Nowports raises $16M to automate Latin American freight
Nowports aims to digitize supply chains from Asia to the Americas with $16 million in Series A funding.
|JULY 6, 2021|
- ICE Brent falls 3% as market digests OPEC+ production stalemate
Crude demand is expected to rise in the coming months as lockdown restrictions ease globally.
- EC targets transport emissions in 2030 decarbonization drive
New carbon market planned for road transport, buildings.
- Euronav announces project to accelerate ammonia as fuel for tankers
Initial ammonia prices may be almost four times current LNG price.
- AMERICAS BUNKERS: Key market indicators July 6-9
**'Lackluster demand' keeps some LatAm pricing in check: source **Stronger US crude market props up bunkers values
- Russia aims to double methanol exports with start of a new plant by 2025
Pechora LNG to provide feedstock ethane.
- NYMEX WTI surges to over six-year high on OPEC+ deadlock; ICE Brent trades near $78/b
**WTI contract jumps to highest since Nov 24, 2014 **Brent futures rises to highest since Oct 29, 2018
- OIL FUTURES: Crude stable to higher as OPEC+ impasse raises tight supply concerns
OPEC+ cancelled its July 5 meeting, which was to mark the third day of official talks to reach an agreement to ease production cuts from August onwards.
- TotalEnergies, Veolia to research microalgae for biofuels at French biorefinery
**Companies looking to cultivate CO2-fed algae **Long-term goal of producing advanced biofuels
- Singapore 180/380 CST HSFO spread widens to 8-month high on strong 180 CST demand
Pakistan among countries seeing demand grow as air conditioning consumption surges.
- From Liza to Tupi, Indian refiners embrace newer crudes to dilute supply risk
India has been looking to procure more North and Latin American grade crudes, Kapoor said.
- Alfa Laval, Japan's NMRI succeed in onboard CO2 capture testing with scrubber
CCS a potential bridge technology for energy transition.