|JULY 15, 2021|
- Call for demurrage & detention charges to be proportionate & fair
- Maersk to redesign its ocean network in West & Central Asia
- Subsidy scheme for Indian shipping companies aims to boost tonnage
- Edible oil imports down in June
- CMA CGM Group extends its footprint in Nepal by launching Carrier Haulage service from Kolkata to Biratnagar
- Economy to register double-digit growth in FY22: NITI Aayog
- Indian Register of Shipping offers EEXI & CII services
- Transpost digital platform being launched today
|JULY 15, 2021|
- Maersk revamps network in west and central Asia to get cargo to market faster
- Carriers suspend D&D fees as civil unrest impacts port operations at Durban
- 'Haulier supermarket' puts drivers on right side of supply and demand equation
- Brittle US food supply chains need a rethink as weather takes its toll on crops
- Air forwarders want international standard as Fit for 55 proposals introduced
- Zim launches 'unique' sea-rail service to get Yiwu exports to US quicker
- Supply chain radar: -14%, -16%, -23%... adding and counting
- Narcís Pavón promoted to COO of APM Terminals Spanish Gateways
|JULY 15, 2021|
- Efforts to unground riverboat set to begin
The Lake Barkley Grounding Unified Command is scheduled to begin salvage operations tomorrow, June 16, to unground the riverboat, American Jazz. The riverboat has been stuck on a sandbar near Barkley Bridge
- EU includes shipping in far reaching GHG reduction plan
The European Commission yesterday adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55%
- All American Marine launches research vessel for NOAA
Bellingham, Wash., based All American Marine (AAM) has launched a 50-foot research vessel for the National Oceanic and Atmospheric Administration (NOAA), designated for the Olympic Coast National Marine Sanctuary in Washington State.
- Superyacht will have BAE hybrid power and propulsion
BAE Systems has been selected by luxury sailing yacht builder Southern Wind to provide the electric-hybrid power and propulsion system for a new high-performance superyacht, the SW96 Nyumba. The HybriGen power and
- Kirby awarded $17.4 million in Houston Channel collision case
In a July 8 ruling, U.S. District Judge Jeffrey Vincent Brown has awarded Kirby Inland Marine $17,398,488 in a case stemming from the May 10, 2019, Houston Ship Channel incident in which
|JULY 15, 2021|
- Latest Opec forecast highlights oil market imbalances that risk tanker rates recovery
Lloyd's List Intelligence data indicates increased oil demand could translate to additional 250,000 bpd of crude shipments every month from...
- Greek owners question EC emissions proposals but welcome charterer focus
Greek shipowners, representing as much as 58% of European shipping capacity, have welcomed recognition by the EC that a vessel's...
- Brexit skill shortages see big jump in UK shore job salaries
Bureaucracy involved in sponsoring skilled worker visas has seen companies increasingly look to Britons where they may have hired EU...
- Newcastle port wins investment for fuel storage
Australia's port of Newcastle has welcomed plans to build a fuel storage facility as part of government efforts to shore...
- Shippers seek collaboration, not regulation, to fix supply chain
The Global Shippers' Alliance wants a more transparent container shipping sector. But it admits shippers have to do their part...
- Uncertainty reigns over sanctions-busting status of EU tankers
'I imagine the willingness of Cypriot officials to enforce unilateral US sanctions comes down to diplomatic pressure from Washington,' says...
- Overdue Chinese crew are refused sign-off at Chinese port
Kamsarmax dry bulker at anchor near the port of Zhenjiang in China not allowed to conduct a crew change. Local...
- Weekly Briefing: Box orders boom | Tankers await Opec direction | Dry hits summer lull
As with dogs and Christmas, a containership is not just for the crisis, and the lesson from the previous decade...
- Ocean rate hikes threaten price inflation
Shippers of low-value cargo can often find the cost of freight is higher than the value of the goods transported...
- Daily Briefing
Free to read: EU proposes a tax on all shipping emissions and to limit polluting fuels | Maritime's absence from UK...
- Vopak to operate eight LPG terminals in India with Aegis
The joint venture will operate a network of eight terminals in five strategic ports on India's east and west coasts
- Maersk backs EU's green quotas as 'right approach'
AP Moller-Maersk chief executive Søren Skou says he supports the phased-in approach of the EU emissions trading system. However, other shipping...
- Los Angeles and Long Beach volumes set for strong second half
'Key economic indicators all suggest that US consumer spending will remain strong through the remainder of 2021,' says Port of...
- Cosco completes Saudi Arabia terminal acquisition
Investment will help upgrade and increase the berth capacity while modernising the terminal yard and other supporting facilities
- Dry bulk market hit by seasonal lull
Arrow Research foresees the capesize fundamentals to be tighter in the third quarter versus the second quarter, which depends mostly...
|JULY 15, 2021|
- UP suspending USWC-Chicago hub services to clear Global IV boxes
- Cosco adds to orderbook with $1.5 billion shipbuilding contract
- Uber Freight, BlueGrace link up to deliver LTL capacity
- Lure of China-Europe rail amplified by ocean chaos
- 8VC, Lineage partner to infuse tech into cold storage giant
|JULY 15, 2021|
- Expect high LPG prices for the rest of 2021, Poten says
- Greek owners hail charterers' carbon liability in EU, deplore much of remaining decarbonisation package
- Cosco unveils $1.5bn newbuilding order for large containerships
- Chemikalien places quintet in Scorpio pool for older handies
- Volga Shipping kicks off 20-ship order spree with bulker quartet at Oka Shipyard
- Clarksons sees new wind turbine vessel order cycle as projects get green light
- Laid-up survey ship going cheap at auction after 2018 tanker smash
- Tor Olav Troim's Himalaya Shipping raises $30m to fund LNG newcastlemaxes
- Ocean Yield's Solbakken questions leverage levels as ship prices soar
- Capesize market falls as freight rates falter and nerves hit derivatives
- Norwegian Cruise Line frets Florida law puts return to sailing in jeopardy
- Qatar's Nakilat 'screening the market' for opportunities to expand
- Notias makes tanker debut with swoop on MR newbuildings
- MINSHIP and Auerbach merge ship management operations
- Tanker owners dream of 'supercycle' - but world is moving on from oil
- New Fortress fires up Mexican LNG terminal using ship shuttle concept
- Siem Offshore promotes from within as CFO Dagfinn Lie leaves after 14 years
- Danish owners regret EU's rush to include global voyages in carbon plan
- Political unrest hits two South African ports as protests turn violent
- Action picking up on new US LNG supply as market tightness looms, Poten says
- Europe's carbon plan for shipping reveals rift between European and other shipowners
- Hyundai yards exceed annual $14.9bn newbuilding target - with five months in hand
- ZeroNorth buys Propulsion Dynamics to move into fuel optimisation
|JULY 15, 2021|
- Delta Air Lines posts 35% gain in cargo revenue
Delta Air Lines is seeing strong domestic travel demand, but cargo also helped the company move beyond breakeven in the second quarter.
- Port Houston posts 39% year-over-year container volume growth
Total June container volume was 292,627 TEUs, a 39% increase compared to the same month in 2020.
|JULY 15, 2021|
- European mobility edges to post-pandemic high despite rising Delta infections
Oil demand markers in France and Italy improved sharply in the week to July 11, pulling up the average in Europe's biggest economies despite the Delta variant driving up infection rates and a number of countries reviewing travel and further reopening plans.
- ARGENTINA DATA: May refinery utilization rises as oil product demand rebounds
Argentina's refinery utilization rate rose to 75.4% in May from 73.1% in April as demand for petroleum products increased, even as a second wave of coronavirus cases brought a curfew and tighter restrictions, a government report showed late July 14.
- BP to deliver first carbon-offset LNG cargo to Sempra receiving terminal in Mexico
BP was nearing delivery of what was described as its first carbon-offset LNG cargo to Sempra's Energia Costa Azul receiving terminal on Mexico's Pacific Coast, the companies said July 15.
- ARA diesel, gasoil stocks rise 0.8% in week to July 15: Insights Global
Stocks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp hub rose 0.8% week on week and fell 15.4% on the year to 2.30 million mt in the week to July 15, according to Insights Global data.
- DIRTY TANKER QUARTERLY: Summer doldrums to continue in near term amid reduced flows
As the year moves further into the summer doldrums for crude shipping, dirty tanker freight rates already at or below break-even levels are set to remain depressed into the traditionally low-freight third quarter of 2021.
- OIL FUTURES: Swoon continues for crude oil, products on supply, demand concerns
Crude oil and refined products prices continued to fall July 15 on increasing crude production from OPEC+ and the US, as well as fears of weaker-than-expected demand caused by the ongoing worldwide spread of the delta variant of the coronavirus.
- REFINERY NEWS: South Africa's Sapref shuts down due to civil unrest, declares force majeure
The jailing of Zuma on July 8 led to widescale protests, which began in Zuma's home province of KwaZulu-Natal and has now spread to other regions.
- TENDER DATA: Pakistan State Oil seeks 3 LSFO cargoes for H2 Aug-Sep
PSO issued three separate buy tenders seeking three cargoes of LSFO, according to the state-owned oil company's tender documents. It is also seeking four high sulfur fuel oil cargoes, to meet demand from the power sector.
- Volkswagen Group to use more dual-fueled LNG ships to aid decarbonization goals
It will also be possible to retrofit two of the new ships with battery cells to achieve further reduction in fuel consumption, the company said, adding that all four LNG ships will have shore power connections, which means they can eliminate all local emissions in ports providing this facility.
- CHINA DATA: Lure of lofty margins lifts China crude runs to record highs in June
Analysts said crude runs in second-half 2021 would remain high as new capacity is expected to come online. In addition, state-run refiners would keep their throughput elevated to meet domestic demand growth.
- New Enterprise Singapore symbols
They reflect new trade activities within the past week. The values for these new symbols will be backfilled next week. The key trade statistics for oil appear on PGA pages 2100-2138 and the key trade statistics for petrochemicals on PCA pages 800-806.
- Panama bunker fuel sales fall on month in June as high sulfur fuel demand slides
Total sales were 18.7% higher than the 302,330 mt registered in June 2020, the month most heavily impacted by fallen demand due to the coronavirus pandemic.
- Hydrogen investment totals $500 billion to 2030: Hydrogen Council
Of the newly planned investment, over 80% of new projects are targeted for Europe, although other regions also are demonstrating a rapid increase in project announcements, the council, which authored the 'Hydrogen Insights' report in partnership with McKinsey, said.
- Maersk CEO backs EU's Fit for 55 package for shipping
The International Maritime Organization has adopted measures to reduce a ship's carbon intensity, along with existing targets for 2030 and 2050, but some industry players are concerned the body has not gone far enough.
- UAE $1 bil green ammonia project to start in 2024; targets Europe, US markets
The company plans to target regional and international markets, mainly Europe and the United States, Marar said.
- FUJAIRAH DATA: June bunker sales fall 0.17% on month led by LSFO
Total sales dropped to 671,857 cu m in June from 672,991 cu m in May, according to Fujairah Oil Industry Zone data on its website.
- OPEC sees tight oil market through end-2021, solid demand growth for 2022
Organization for Economic Cooperation and Development oil stocks were 21.7 million barrels below the 2015-2019 average that OPEC+ has said it is targeting, according to OPEC report.
- Med 0.1% gasoil premiums at new 6-month on improving demand, tight supply
The CIF Med 0.1% gasoil premium to front-month ICE LSGO futures was assessed at $2.75/mt July 14, an increase of 50 cents/mt on the day and the highest premium since Jan. 12.
- Japan bunker traders compete fiercely for spot business in Tokyo Bay amid oversupply
"China is taking demand from container ships," the first trader said.
- Norway Aker BP hit by maintenance, infrastructure glitches, as Sverdrup surges in Q2
Norway Aker BP suffered a 5% year-on-year drop in its oil and gas output in the second quarter to 199,000 b/d of oil equivalent as rising Johan Sverdrup crude output was offset by maintenance and glitches with North Sea infrastructure elsewhere in its portfolio, it said July 15.