|JULY 20, 2021|
- Australian shippers cry foul as lines pressure forwarders to divulge client data
- European intermodal services struggle to recover after chaos from freak weather
- Port of Durban recovers from civil unrest, but citrus industry feels long-term pain
- Fires causing rail disruption means vessel pile-up and delays at port of Vancouver
- Airfreight lifts K+N's Q2, with profits doubling as sea/air rates gap narrows
- Yang Ming chiefs allay fears US wants lower rates and review fleet strategy
- On the wires: Is the ship-ordering bonanza moving into dangerous waters?
- The Loadstar Podcast | July 2021 | Episode 4: Supply, demand, and the damaging impact of high costs
|JULY 20, 2021|
- OMSA deploys Jones Act enforcement vessel
The Offshore Marine Services Association (OMSA) is to use a vessel that it has named the Jones Act Enforcer to gather video and photographic evidence of Jones Act violations. Evidence of violations
- Alabama Shipyard wins $16.4 million MSC contract
The U.S. Navy's Military Sealift Command has awarded Alabama Shipyard LLC, Mobile, Ala., a $16,478,585 firm, fixed-price contract for a 76-calendar day shipyard availability for the regular overhaul and drydocking of the
- Japanese steel maker to charter-in LNG-fueled bulker trio
JFE Steel Corporation is to become the first company in Japan to deploy LNG-fueled ships in the 21,000 dwt size range. It has just signed long-term deals with NYK Line, Kawasaki Kisen
- North Star to build world's first hybrid daughter craft
Daughter craft are used by the offshore wind industry to safely transfer technicians between the in-field service operation vessel (SOV), where they live while working offshore, to the wind turbines to undertake
- Siemens to acquire FORAN
One of the world's most widely used shipbuilding software systems is to come under new ownership. Nuremberg, Germany, headquartered Siemens Digital Industries Software said today that that it has signed an agreement
- New NPS vessel has a full suite of Furuno electronics
The recently delivered National Parks Service passenger/utility vessel Annie Moore is outfitted with a complete suite of Furuno navigation electronics at its state-of-the-art helm. The 74-foot all-steel vessel was designed and built
- Ellicott Dredges books new orders
Baltimore, Md., based Ellicott Dredges has recently been awarded two orders that illustrate the breadth of its product range. A major Canadian potash producer has awarded the company a contract to supply
|JULY 20, 2021|
- Flag states shoot down move to speed up casualty investigations
Despite repeated pledges from the IMO secretariat to require governments to transparently investigate serious shipping casualties, flag states have quietly...
- China's port congestion ties up 565 bulkers
Port congestion is mostly affecting panamax and supramax segments, which comprise more than 65% of bulk carriers waiting to berth...
- GasLog Partners LP fleet efficiency worsens on old LNG ships
Four of the company's five steam engine LNG-powered ships as well as newer tri-fuel diesel electric LNG-powered ships recorded declining...
- Lack of cargo temperature monitoring contributed to Stolt Groenland fireball
Lack of cargo temperature monitoring contributed to the 2019 explosion and fire on the chemical tanker Stolt Groenland, according to...
- Wärtsilä reports improved second quarter but warns of continued uncertainty
Wärtsilä's tests with ammonia, hydrogen and methanol as potential fuels for fuel-flexible combustion engines are at an early stage of...
- Yang Ming expects strong box shipping rates to continue
With the rampancy of the Delta coronavirus variant and the flooding in Europe, the severe port congestion and logistics bottlenecks...
- Extreme weather will accelerate decarbonisation, says Wärtsilä chief
Agnevall is aware that shipping is a much more complex ecosystem than the trains and buses of landside transport. Achieving...
- Kuehne+Nagel profits from higher value shipments
Sea freight volumes rose in the first half of the year but remain below the pre-pandemic peak. But higher margins...
- Daily Briefing
Opec and Iran fuel tanker market volatility | Boxship sales hit $1bn in June as charter frenzy continues | Rotterdam...
- Buoyant US west coast ports at risk of more logjams
Rising throughput continues to raise concerns over congestion
- Dynagas takes delivery of first Chinese-built FSRU
Hudong-Zhonghua Shipbuilding is also building a sister unit, Transgas Force, for the Greece-based owner
- Japanese steel major to charter in dual-fuel newcastlemaxes
The move underlines the perception of LNG as a main bridging fuel to decarbonise shipping despite doubts about the fuel's...
|JULY 20, 2021|
- J.B. Hunt urges faster equipment turns for peak season
- Uneven volume surge putting pressure on PNW ports
- Vietnam port congestion growing as COVID-19 outbreak closes factories
- No change to chaotic air, ocean markets until February: K+N
- EDRAY gets $7 million boost from investor Leto
- FMC to audit container lines' detention, demurrage billing
|JULY 20, 2021|
- Safe Bulkers orders three more 'green' newbuildings
- US shipping regulators launch group to investigate detention and demurrage
- Knutsen sells tanker for 'green' scrapping in Turkey, despite lower steel prices
- Golar LNG to inch up utilisation of Cameroon FLNG unit
- Japan's Imabari Shipbuilding puts foot on gas in order race
- American Petroleum Tankers, Crowley found at fault for $115m ship pile-up
- Oslo court rules for Frontline in employee dismissal lawsuit
- WFW warns owners face potential legal headaches in wind farm ship order rush
- GasLog Partners LNG steam ships drag down fleet efficiency rating
- Christian Ness takes Swiss Life role as NRP sells $2bn property business
- Stolt Tankers learns cargo-handling lesson from 'catastrophic' Groenland blast
- Seafarer succumbs to Covid-19 in Star Bulk vessel outbreak
- Brussels insider: EU emissions trading debate is far from over
- Filipino engineer dies three weeks after Covid-19 outbreak on Norden bulker
- Wartsila upbeat as boxship surge drives higher order activity
- Yang Ming mulls first order for ultra-large containerships
- What will be left when the containership bubble bursts?
- North Star lines up UK order for world's first hybrid wind farm 'daughter craft'
|JULY 20, 2021|
- Blowout cargo revenue helps United Airlines beat Q2 expectations
United Airlines' cargo division is one of the company's biggest assets right now, with big returns again in the second quarter.
- FMC to assess whether container lines are abusing market power
The Federal Maritime Commission is auditing container lines to evaluate potential abuse of leverage against exporters.
- Kuehne + Nagel hits Q2 home run amid supply chain uncertainty
Kuehne + Nagel is one of the largest third-party logistics providers in the world and it got larger in the second quarter.
- Loaded imports, empty exports boost Port of Virginia's FY 2021 volumes
Fiscal year 2021 was a record year at the Port of Virginia, with an increase in loaded imports and volume growth for empty export boxes.
- Who's UPS gonna call? Bug busters
UPS doesn't want any hitchhikers on its cargo aircraft, especially pests like the Japanese beetle. Learn how the company thwarts them.
- EDRAY receives $7M to improve port logistics through flow stacking
"Drayage is one of the biggest pain points for shippers right now," said industry entrepreneur Andrew Leto.
|JULY 20, 2021|
- OIL FUTURES: Crude prices rebound a bit a day after biggest plunge of 2021
Crude oil futures rebounded a little July 20 after the biggest single-day drop in prices of 2021, signaling the day prior was a bit of an overcorrection and also anticipating more bullish US inventories data this week.
- US issues cyber rules to pipelines, as lawmakers look to counter ransomware threat
In an ongoing effort to protect the US' critical infrastructure from cyberattacks, the Department of Homeland Security July 20 announced a slate of new requirements for pipeline owners and operators to bolster their security posture, including new mitigation measures to protect against ransomware attacks.
- European outright gasoil price drops to 8-week low but inland demand remains weak
Outright gasoil prices in Europe have fallen to an eight-week low, on the back of losses in the ICE LSGO futures market, but trading sources said the drop is unlikely to bolster moribund demand in the inland market.
- US reducing power sector CO2 emissions while growing economy: study
The US power industry has been making steady progress reducing greenhouse gas emissions, with power sector carbon dioxide emissions decreasing about 10% between 2019 and 2020 because of a mixture of pandemic impacts, energy efficiency and fuel switching away from coal, a July 20 report said.
- OIL FUTURES: Crude prices partially rebound a day after biggest plunge of 2021
Crude oil futures rebounded somewhat July 20 after the biggest single-day drop in prices of 2021, signaling the day prior was a bit of an overcorrection and also anticipating more bullish US inventories data this week.
- Italy's Saipem plans Adriatic offshore green hydrogen site
**SUISO project to combine wind, sun, wave energy **Technology could convert end-of-life oil, gas assets
- East of Suez ULSD flows to Europe at 90,000 mt for August so far: cFlow
The European ultra low sulfur diesel market is well balanced, with summer demand ticking up, particularly in the Mediterranean, according to traders.
- USGC middle distillate shipments to Europe at 120,000 mt in August so far: cFlow
European traders continue to report the arbitrage from the US Gulf Coast as closed, however the European market remains well balanced, with Asian barrels and local production meeting the rising summer demand.
- UK needs to triple low carbon flexible capacity by 2030: BEIS
**Plan for 'decisive shift' from unabated fossils **Funds for long duration storage competition
- Goldman pushes back forecast for $80/b Brent after crude price sell-off
**Brent crude seen averaging $80/b in Q4 2021 **Platts Analytics sees Brent under $70/b in Q4
- Scrubber retrofits postponed amid growing focus on green marine fuel: Wartsila
**Hi-5 stable in H1 2021 **Wartsila points to Hi-5 uncertainty ahead
- Global CO2 emissions set to surge to all-time high in 2023: IEA
**Public and private capital spending falling short of climate goals **All key sectors receiving inadequate attention from policymakers: IEA
- OIL FUTURES: Crude pauses to take stock after massive sell-off
With the market still reeling from the previous day's movement, quiet after the crash was to be expected, according to analysts.
- UK environmental committee launches inquiry into curbing aviation, shipping emissions
**To consider how UK can hit net-zero pathway for aviation, shipping **Government already planning new policy to curb transport emissions
- Uniper explores green ammonia offtake from Oman's Hyport Duqm hydrogen project
**Uniper to negotiate exclusive ammonia offtake **250-500 MW green H2 plant online in 2026