|JULY 13, 2021|
- CMA CGM's Overweight Surcharge from Indian Subcontinent, Middle East Gulf, Red Sea, Egypt to the US East Coast, US Gulf & Canada East Coast
- Freight rates on key trade lane seeing unprecedented surge
- Hapag-Lloyd successfully concludes acquisition of NileDutch
- Govt identifies a host of Customs exemptions for review, invites suggestions
- Improvements in Faceless Assessment - Measures for expediting Customs clearances
- Sugar exports looking up
- Aegis Logistics & Royal Vopak to form a major joint venture for LPG & chemical terminals in India
- Air cargo demand gains in strength
- DB Schenker strengthens adoption of digital solutions
- Etihad Cargo & CargoAi agree on worldwide partnership
- Shiftco Shipping & Logistics celebrates 7th successful anniversary
- CBDT issues refunds of Rs 37,050 crore between April 1 & July 5
- Indian economy expected to see swift recovery: Survey
- Jyotiraditya Scindia takes charge as Minister of Civil Aviation; General V.K. Singh takes over as MoS
|JULY 13, 2021|
- Shipper arms being twisted, as carriers use 'carrot' of shipment to sell add-ons
- EU Fit for 55 policy to bring global maritime and aviation into climate change rules
- Seafarer union poised for strike vote as demand for Dover-Calais services grows
- More clients get onboard as cargo airlines step up drive to use more SAF
- Over-dependence on Maersk partly to blame for Chittagong export backlog
- Antitrust enforcement bolstered by new collaboration between FMC and DoJ
- Truck drivers are leaving the industry as better pay beckons closer to home
- Sinolines opens Xiamen warehouse for Alibaba cross-strait e-commerce traffic
- IATA Cargo appoints association veteran Brendan Sullivan head of cargo
- Against the odds: Salmon, barbecues & Maersk deal-making
|JULY 13, 2021|
- VIDEO: Elon Musk gives sneak peek at new drone ship
Elon Musk has taken to Twitter to share video of the new SpaceX drone ship, but didn't give many details. However, reports are that it was converted from a former McDonough Marine
- ABB offers new fleet-wide performance optimization solution
A new online platform, ABB AbilityMarine Fleet Intelligence - Advisory, combines the power of cloud-based analytics and reporting with user-friendly visualizations to help shipowners, managers and charterers optimize ship performance fleet-wide. Offered
- Maine law prohibits offshore wind projects in state waters, but ...
Maine Gov. Janet Mills has signed into law legislation prohibiting new offshore wind projects in state waters. According to her office, the prohibition preserves state waters-where up to 75% of Maine's commercial
- Atlantic Towing selects Vard Electro for PSV battery hybrid conversion
Saint John, New Brunswick, headquartered J.D. Irving Group company Atlantic Towing has selected Vard Electro to integrate a hybrid battery system into the diesel-electric propulsion plant of its 2017-built PSV Atlantic Shrike.
|JULY 13, 2021|
- Ample availability for ship funding, says ABN Amro
Dutch bank ABN Amro is looking for green growth in European shipping projects following the sale of its US portfolio...
- Capital confirms boxship and MR2 orders with KSOE
Greek owner adds gearless feeder series and product tankers to LNG carriers and neo-panamax boxships already on order with Korean...
- Easing of restrictions boosts London Shipping Week plans
London capitalises on removal of restrictions to make London International Shipping Week 2021 a hybrid event, welcoming in-person and virtual attendees
- Largest stock draw 'in a decade' dampens tanker rates outlook
As global crude demand surged by 3.2m barrels per day in June, worldwide liftings on tankers were tracked 750,000 bpd...
- Coal trades at risk from short-term disruptions
MSI expects reduced exports from South Africa in the second half of this year due to infrastructure problems
- Eastern Pacific turns to VR for LNG bunkering training
The benefit of virtual reality training is that it is not limited to narrow simulations but can reflect the most...
- Real-time data and competence make shipmanagement compelling
Shipmanagers handle about one ship in six of the world fleet. But times are changing: The era of simply complying...
- South Korean builders remain dominant in high value-added tonnage
South Korea's 'big three' shipbuilders have all fared well so far in 2021 in terms of orders. The nation's yards...
- Equipment platform expands into tank containers
Dry box equipment leasing platform Container xChange has moved into the growing tank container market. The deal will bring transparency...
- Stena Bulk bails out Concordia Maritime
Concordia Maritime and Stena Bulk both controlled by Sweden's Sten A. Olsson family
- Daily Briefing
Free to read: Rescuing migrants at sea could lead to prison under new UK law | Ammonia hype builds in...
- Shell signs carbon-neutral LNG deal with PetroChina
Companies agree to offset carbon dioxide emissions generated across the value chain of each LNG cargo using third part-accredited credits...
- US agencies agree to collaborate on maritime antitrust issues
The agreement establishes a framework for the FMC and the DoJ's Antitrust Division to review law enforcement and regulatory matters...
- Piracy and armed robbery at lowest level for 27 years
Piracy incidents are at a 27-year low in the first half of 2021 but crews must stay vigilant, according to...
- Yang Ming denies link to 24,000 teu ships order
Taiwanese media reports linked Yang Ming to an order for as many as 10 super-sized containerships. The company says it...
|JULY 13, 2021|
- DOT grant helps push South Jersey Port wind projects
- Vancouver intermodal delays worsen after track closure
- Digital forwarding startups plant a flag in Latin America
- Exports clog Chittagong as container rates to US rocket
- JNPT joins Indian coastal transport strategy to speed cargo flow
|JULY 13, 2021|
- International Seaways-Diamond S merger set to close Friday
- Norwegian Cruise Lines frets Florida law puts return to sailing in jeopardy
- All is not lost for tanker markets despite Opec+ deadlock
- MT Maritime snaps up Maersk Product Tankers MR duo for attractive price
- Capesize market falls as freight rates falter and nerves hit derivatives
- Qatar's Nakilat 'screening the market' for opportunities to expand
- Fidelity places huge bet on Genco Shipping and dry bulk
- JP Morgan spends $110m to acquire CMB's aframax product tanker newbuildings
- Sizzling reefer market rides coat-tails of firing box boom
- OM Maritime pays $58m for 15-year-old panamax boxship
- Another strong year for chemical tanker owner Rederiet Stenersen
- 'Mythical' scrap price of $600 approaches says GMS, as steel values firm
- Is safety being sacrificed for the liner industry's billion-dollar profits?
- Sea Consortium doubles neo-panamax containership tally at Waigaoqiao
- Atlantic tanker rates remain depressed despite hikes in product liftings
- France's 'last tanker owner' offloads another MR pair to Greeks
- Ocean Yield refinances CMB boxship quartet as profit rises
- Dry bulk driver: Iron ore poised for supercycle says Goldman Sachs
- First-half LNG newbuilding orders surprise as options trickle in
- Piracy at '27-year low' but risk remains, warns IMB
- DNB sheds $430m of shipping loans as it reverses provisions
- Tanker sales planned as Stena charters Concordia fleet in bailout
|JULY 13, 2021|
- Delta Air Lines to lease 7 cargo-friendly A350s
Delta has a stronger balance sheet than many airlines so it is going to the market to expand its fleet.
- Postal Service tractor-trailer driver recounts 'slow and steady' service decline
The Postal Service OIG seeks an additional $17 million to respond to future service challenges.
- BBAM goes bananas for Boeing 737-800 freighter
Modern narrowbody freighters that can be reclaimed for cargo are very popular with all-cargo operators because they fit well with express networks. Leasing companies are...
- Port of Vancouver congestion mounts despite resumed rail service
With 41 ships at anchor, the Port of Vancouver is continuing to feel the strain as CP and CN resume service in a fire-afflicted region...
- FreightWaves Flashback: E-shipping blues
1999: eBay ushers in e-commerce's most dramatic distribution channel disruption in decades.
- Long-haul narrowbody, supersonic jets could threaten air cargo
Greater fuel efficiency is allowing airlines to downsize to smaller aircraft on trans-Atlantic routes. That's bad news for cargo shippers that need wide aircraft.
|JULY 13, 2021|
- INDIA DATA: June gasoil consumption rises 12% on month, recovers from 8-month low
India's gasoil consumption rose 12% month on month in June, the latest provisional data from the Petroleum Planning and Analysis Cell showed, with the increase coming on the back of easing coronavirus-linked restrictions which helped spur demand for middle distillates.
- High inland middle distillate stocks, competitive refineries make Rhine closure inconsequential
Inland middle distillates markets were unaffected by high water levels and closures on the Rhine, as inland stocks and refineries have been more competitive than barrels from the Amsterdam-Rotterdam-Antwerp trading hub and inland stocks remain high despite a narrow contango.
- CLEAN TANKER QUARTERLY: Markets face increased vulnerability in summer months
Overwhelming tonnage, closed arbitrage opportunities and firming bunker fuel prices were the mainstays of the clean tanker markets for most of the second quarter, and will likely be the case heading into Q3 in the West of Suez basins.
- OIL FUTURES: Crude, fuel prices climb amid rising demand, expected inventory draw
Crude oil futures rose July 13 as strong demand combined with the anticipation for bullish draws in US inventories to boost prices and overwhelm bearish sentiment from spiking US inflation numbers that perked up the dollar.
- Too late for an August deal, OPEC+ still hopes to head off oil squeeze
OPEC and its allies have thrown in the towel on clinching an oil supply accord for August and are now hoping for a deal to cover September and beyond, delegates told S&P Global Platts, though little progress has been made in the standoff between Saudi Arabia and the UAE.
- Panama Canal LNG transits jump 12% through three quarters of current fiscal year
LNG tanker transits through the Panama Canal recorded a 12% increase from October through June compared with the same period a year earlier, the Canal operator data shows.
- Kuwait receives first LNG import at Al Zour as power demand surges
The shipment -- delivered on a Qatari Q-Flex tanker -- consisted of 213,000 cubic meters of LNG, while a second 217,000 cu m shipment from Qatar has also been scheduled, according to a July 12 announcement on the Kuwaiti state-owned news service, Kuna.
- Tank sizes an issue for future marine fuels, Sea-LNG says
Liquefied ammonia requires twice the storage space of LNG.
- OIL FUTURES: Crude up as rising demand, expected inventories draw weighs down inflation effect
As of 1530 GMT, August WTI added 45 cents to $74.55/b and ICE September Brent gained 66 cents to $75.82/b.
- SWISS buys Neste SAF amid push for decarbonization
This delivery of SAF is sufficient to fuel more than 175 short-haul flights and will be fueled at Zurich Airport via the conventional hydrant system, the joint statement said.
- Bankers eye Europe renewable hydrogen opportunity with caution
European developers have announced over 5 GW of electrolysis projects to be commissioned by 2024 and conversations with banks have begun, but it looks like the sector will have to learn to walk before it can run.
- Shipping sector renews calls for bunkering meters in Europe's key port hub
As a result, a number of industry figures, including product tanker company Hafnia Group, have called for mass flow meters to circumvent these disputes.
- Hong Kong balance July ex-wharf bunker premiums jump on firm cargo values, lift of quarantine
HK bunker suppliers continue to buy bunker fuel on spot basis due to higher ex-wharf premiums, a bunker trader said,
- SINGAPORE DATA: June bunker sales rise 7.4% on year to 4.11 million mt
The year-on-year gains followed a near 32% rebound in sales of bunker grade high sulfur fuel oil, or HSFO.
- Singapore's VLSFO-HSFO spread widens to 5-month high on firm fundamentals
"The ex-wharf market though is improving, and term discussions for August are already being offered a couple of dollars higher than July at close to $6/mt," a supplier said.
- Kuwait's new LNG import facility receives commissioning cargo
The commissioning cargo was sourced from Qatar and delivered by the 217,000 cu m Q-Flex class Al Kharsaah tanker on July 12.
- Slow pace of European hydrogen policies could see private investors 'run away'
"We need much stronger policies, and faster," van Hulst said at a Euractiv virtual panel debate.
- Commodity broker FIS to launch freight, fuel, emissions product
"We are building on FFAs (Forward Freight Agreements) to FFEs (Freight, Fuel, Emissions)," Banaszkiewicz said.