|JULY 21, 2021|
- Audit program for ocean carriers established in US
- ONE continues to support India's Covid-19 fight
- President Biden targets shipping lines for uncompetitive ways
- Automobile exports recover in Q1
- Govt not to impose anti-dumping duty on flat-rolled products of stainless steel from China & other countries
- JNPT issues Letter of Intent to successful bidders of 9 plots in JNPT SEZ
- Mundra offers waiver scheme for vessels using LNG as fuel
- Transpost portal for Custom Brokers, Freight Forwarders launched
- Warehouse leasing likely to touch 100 m sq. ft over the next three years; e-commerce & third-party logistics to drive growth: Report
- Business activity climbs back to pre-second wave levels
- India emerges as 5th largest forex reserves holder in the world
|JULY 22, 2021|
|JULY 21, 2021|
- Uber Freight drives into a buoyant LTL market boosted by e-commerce
- Covid outbreak brings congestion havoc to South Vietnam ports
- Cosco retrofits open-hatch cargo ship to carry more containers
- Europe's inland waterways still blocked in places, but normality returning
- New UK measures to tackle driver shortage won't relieve crisis, say hauliers
- K+N unveils M&A strategy targeting 'complementary' add-ons in Asia
- Boxship demolition market implodes as carriers seek out 'anything that floats'
- New FMC audit programme to check rule-compliance by largest ocean carriers
- Cardinal Global Logistics in Australian investment as part of Asia expansion
- Against the odds: Chips & ships - a new battle looms with regulators
- Uniserve looks to disrupt global B2C market with Pro Carrier acquisition
- On the wires: JB Hunt - any concerns are well posed
|JULY 21, 2021|
- Latest berthing barge departs Halter Marine
PEO Ships reports that the Navy's newest berthing barge, Auxiliary Personnel Lighter (APL) 67 has sailed away from Halter Marine's Pascagoula, Miss., shipyard, (with "sailing" in this context meaning being under tow).
- ZIM and Seaspan take step towards ammonia fueling
Haifa, Israel, headquartered ZIM and containership leasing giant are opening the way for possible future ammonia fueling of five of ten 15,000-TEU LNG-fueled containerships on order at South Korea's Samsung Heavy Industries.
- Marine Atlantic to charter in dual-fuel RoPax
Marine Atlantic has reached an agreement to charter in a new RoPax ferry from Sweden's Stena RoRo. The vessel will be the tenth E-Flexer vessel to be ordered by Stena RoRo at
- FMC launches ocean carrier audit program
Federal Maritime Commission Chairman Daniel B. Maffei has lost little time in responding to President Biden's "all of government" executive order aimed at enhancing competition. Among the many targets of the order
- Lake Assault Boats will showcase multipurpose response vessel at FDIC
The Hennepin County, Minn., Sheriff's Office has five Lake Assault Boats vessels on duty or on order. One of them will be front and center in Lake Assault's booth at the upcoming
- EnBW North America gears up for NY Bight lease sale
With its eyes on the proposed New York Bight offshore wind lease sale, EnBW Nort, America, a subsidiary of Germany's EnBW AG, has made leadership team changes that will see long-term acting
- Will retrofitting vessels with clean technology meet regulations?
Contributed by Houlder, Silverstream and Norsepower Since the International Maritime Organization (IMO) announced the new Energy Efficiency Existing Ship Index (EEXI) requirements following MEPC 76, shipowners have been looking for solutions which
|JULY 21, 2021|
- Lloyd's to continue support for LOF salvage contract
The International Salvage Union and Maritime London were among the first on Wednesday to welcome Lloyd's U-turn on axing its...
- Japan plans to significantly reduce LNG and coal use by 2030
The world's largest LNG importer would cut its use of the fuel to just 20% by 2030 in favor of...
- Weekly Briefing: Another week, another box record | Tankers not out the woods yet | China bulk congestion worsens
The setting of new records barely rates a mention these days; a new record seldom lasts long enough to be...
- Shippers struggle to explain high rates and poor service
A procurement manager at a major industrial company highlights some of the difficulties shippers face in the current extraordinary global...
- Sustainability: Insight and commentary
Identify the immediate and long-term challenges ahead as shipping navigates towards an emissions-free future
- Black Sea grain trade to support bulkers
Tonne-miles given a boost by a shift in trade patterns, with Australian barley moving to Saudi Arabia and Ukrainian supplies...
- Cosco-backed platform launches first application in China
The product has already been deployed by Cosco Shipping Lines, Orient Overseas Container Line and Shanghai International Port Group, while...
- Nordea still losing money on $7bn shipping book
'Restrictions are easing, vaccination programmes are progressing well, and a return to more normal activity is under way,' says chief...
- Korea Shipbuilding impacted by soaring steel price
The rise in newbuild prices is expected to improve yard earnings going forward
- Cosco Shipping unit hit by tanker doldrums
Chinese tanker owner expects net profits in the January-June period to slump by more than 80% compared to the year-ago...
- Safe Bulkers orders energy-efficient kamsarmax trio from Japan
All of its latest bulker orders are designed to bring its fleet into line with the requirements of the International...
- Daily Briefing
Flag states push back on casualty reporting | China grains port logjam delays hundreds of bulk carriers | Wärtsilä chief...
- US regulator to begin auditing alliances
The new programme comes among other recently announced measures aimed at monitoring carriers and terminals, including a memorandum of understanding...
|JULY 21, 2021|
- LA-LB terminals cast wary eye on intermodal rail cutbacks
- Spillover container cargo pushing up breakbulk rates
- Fire-damaged CN tracks to Vancouver reopened
- Record trans-Pacific rates pricing out more shippers: experts
- GSBN launches container release tool in China
- DCSA standardizes key port call events
|JULY 21, 2021|
- Tanker earnings rise on lower bunker costs after Opec+ deal
- Jones Act Enforcer starts patrolling seas for cabotage law-breaking
- Covid variant spread not derailing Carnival's return to sea
- Maritime employers handled Covid well, but discrimination still rife, survey finds
- Safety under scrutiny as third Seatruck seafarer dies in three years
- 'We're plugging a gap,' says forwarder paying $100,000 a day for small boxship
- Sanctions woes highlight crew's plight amid rising abandonment cases
- Columbia launches joint venture to retrofit laid-up OSVs for wind farms
- Trafigura adds $300m more to cash pile with securities sale
- Himalaya Shipping joins Oslo's over-the-counter market valued at $73m
- Maersk Broker joins forces with McKinsey to launch AI decarbonisation drive
- Mitsui E&S Shipbuilding delivers its last merchant ship
- Japan targets big cut in LNG consumption to drive decarbonisation
- MOL commits to Mauritius environmental restoration
- Panama admits mistake over report of pay deal for abandoned crew
- Shanghai Zhenhua moves into wind with newbuild deal as Chinese demand grows
- Eidesvik and Solstad build backlog with construction vessel charters
- Sinokor puts long-term laid-up LNG carrier up for scrap sale
- EU carbon scheme may be painful but it gives much-needed purpose
- Oil traders fix Hunter VLCC and LR2 tankers on period charters
- Nordea slashes loan losses but shipping and offshore still see write-offs
- Cosco tanker arm eyes first-half profits slump of 80% on weak markets
- Pareto Bank sees 'good deal flow' as shipping lending tipped to rise
- Shipowners need open-source tools to tackle greenhouse gas ratings
- Trafigura and DBS drive change with Singapore's first digital bunker delivery
- Indonesia converts Pelni ship into Covid-19 isolation hospital
- GasLog primed for Australian LNG FSRU charter contract
|JULY 21, 2021|
- Environmental groups take aim at retail giants as ocean freight polluters
An environmental report demands zero-emission shipping by 2030 and rejects LNG as an alternative, while urging more transparent emissions reporting.
- Regulator wants more 'enforcement capacity' against container lines
The chairman of the Federal Maritime Commission defends the lack of fines levied in 2020 while requesting a funding boost for 2022.
- Exclusive: SEKO Logistics chartering vessels for clients
It's not what the company typically does but "this market has created a lot of unique situations,"
- Air Greenland - yes, Greenland! -eyes bigger cargo role
You probably didn't know that Greenland has its own airline. It's a beautiful country and it could soon be easier to reach for travelers and...
|JULY 21, 2021|
- Australia's Woodside signs agreement with Japanese firms to study ammonia supply chain
Australia's Woodside Energy Ltd and several Japanese companies including state-run Japan Oil, Gas and Metals National Corp, have signed an agreement for a feasibility study to develop a supply chain for ammonia from Australia to Japan, they said in a joint statement July 20.
- Falling US crude exports could remain at low levels into August
US crude exports showed a sharp fall the week-ended July 16, according to the US Energy Information Administration and a continued slowdown in fixture activity amid tough export economics could see lower export figures into August.
- OIL FUTURES: Crude, products prices spike as market rebound continues
Crude oil futures spiked July 21 to back above the $70/b threshold as commodities and stock markets continued to rebound from the big July 19 selloff that was triggered by concerns of rising crude production and potential demand weakness from the rapidly spreading COVID-19 delta variant.
- US crude oil inventories build offset by product draws, rising demand
Increasing demand for gasoline and diesel in the US offset a 2.1 million-barrel build in commercial crude inventories for the week ended July 16, contributing to the ongoing rebound in crude prices from the biggest one-day drop in oil futures of 2021 to start the week.
- First electronic bunker delivery completed in Singapore, amid calls for more digitalization
**E-BDN relied on a mass flow meter **Calls for digitalization to raise transparency, lower costs
- Novorossiisk opens new deepwater berth for grain exports
**Azov Sea FOB wheat prices in 2021 up 19% on year **Sea Asia, Middle Eastern destinations favor large vessels
- Bunker supplier Trefoil launches CO2 compensation service after EU climate proposal
**Carbon offset price a small fraction of bunker cost **Shipping faces inclusion in EU emissions trading system
- REFINERY NEWS: South Africa's Sapref confirms restart after temporary shutdown
South Africa's largest refinery Sapref has begun to restart its units at its Durban facility after unrest forced a suspension to operations, the company said in a statement July 20.
- NWE low sulfur fuel oil crack hits new two-month high
**LSFO crack hits highest level since May 2021 **Rising LNG prices boosting utility demand for LSFO
- JAPAN DATA: July 11-17 oil product exports rise 81% on week to 3.05 mil barrels
Low sulfur fuel oil exports fell 26.3% on the week to 321,595 barrels in the week to July 17, while high sulfur fuel oil exports increased 71.6% on the week to 483,929 barrels.
- China's crude basket to see growth in Middle Eastern market share in H2: analysts
**Middle Eastern arrivals at 5.1 mil b/d in H1 **Saudi Arabia remains top supplier
- Bunker deliveries at China Zhoushan port seen suspended July 22 on typhoon: suppliers
"It is currently estimated that we cannot bunker on the 22nd to the 26th due to the impact of the typhoon," a bunker supplier for Zhoushan said.
- FUJAIRAH DATA: Oil inventories rise on weak gasoline demand
**Inventories still lower than May, June levels **Light, heavy distillate stocks build, but middle distillates draw
- Japan set for 60% non-fossil fuel power supply in 2030 in GHG slash drive
Japan's LNG share in the energy mix is set to be around 20%, coal 19% and oil 2% in FY 2030-31.
- REFINERY NEWS: South Africa's Sapref restarts units after temporary shut
Sapref has begun to restart its units at its 175,200 b/d Durban facility, as important supply routes had been reestablished following the resumption of operations at nearby ports, industry sources with knowledge of the matter told S&P Global Platts.
- SAUDI DATA: May fuel oil imports jump 66% on month to highest level in 2021
The country stepped up procurement to meet demand from the utilities sector as summer temperatures rose, according to Middle Eastern traders.
- South Korea's bunker fuel market to remain oversupplied until August: sources
**SK Energy raises production in July **Prices competitive even amid weak demand