|JULY 27, 2021|
- CMA CGM Overweight Surcharge from India & Pakistan to Latin America
- MOL jointly develops new energy-saving sail to boost ship propulsion utilising wind as clean energy
- Yang Ming adds another 11,000-TEU newbuild
- Board of Port Authority to fix tariffs for Major Ports
- Re-drafted Indian Ports Bill in consultative stage
- Shutdown of Haldia Dock Complex lock gate now on July 31
- BLR Airport processes 483,460 kg of mango exports from March to June
- Draft Drone Rules, 2021 under public consultation
- FedEx Express & Delhivery come together to unlock cross-border potential in India
- Global Logistics moves world's longest hair from India to the US
- PSA welcomes JWD as strategic supply chain partner in ESCO
- SpiceJet to hive-off high-performing cargo business as a separate entity
- India seen becoming $5 trillion economy in 5-10 years
- APSEZ becomes India's first infrastructure company to raise 20-year money from international markets
- Blockchain seen as the future of all transactions
- Samraat Logs plants 100 Neem & Peepal saplings near Delhi
|JULY 27, 2021|
- IPPC pushes for cleaning certificates for every container - but 'it's unworkable'
- United and Air Canada renew cargo focus, but AA and Delta eyes are on passengers
- DCT Gdansk gets go-ahead for third terminal - 'something to sell' to carriers
- Supply chain fears drive government into u-turn over 'pinged' hauliers' need to isolate
- Australian competition body appeals court ruling on port commitment deeds
- Volga-Dnepr publicly backs freighter version of MC-21, but may not go large
- Evergreen chief says huge investment in new box ships will pay dividends
- Supply chain radar: Insurance fraudsters are no modern day Robin Hoods
|JULY 27, 2021|
- House Seapower panel set to add second destroyer to Navy budget
The House Subcommittee on Seapower and Projection Forces today released its proposals for the FY 2022 National Defense Authorization Act (NDAA). The subcommittee will meet tomorrow for its mark up of the
- U.S. ferries carried 131.6 million passengers in 2019
The U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) today released data sets from its 2020 National Census of Ferry Operators (NCFO). Key findings from the 246 ferry operators that responded
- MAN engine will be first to power methanol-fueled box ship
MAN Energy Solutions has won the order to supply the world's first, low-speed, dual-fuel engine to run on methanol in the container segment. It will power the carbon neutral, methanol fueled 2,100
- McAllister to manage LNG bunkering ATB
McAllister Towing LNG Services LLC is to be technical manager for the Polaris New Energy LNG bunkering operation in Florida. It will operate the articulated tug barge (ATB) Polaris/Clean Canaveral for Polaris
- Coast Guard arrests Maryland fishing boat operator
U.S. Coast Guard Fifth District, Annapolis, Md., reports that on July 21 Coast Guard Investigative Service special agents arrested the operator of a charter boat called Fishing Lady for violating a U.S.
- Galveston Wharves takes major environmental initiatives
Galveston Wharves was last month awarded certification under the Green Marine voluntary environmental program for the North American maritime industry. The Green Marine certification program addresses key environmental issues through 12 performance
- GLDD awarded $12 million USACE contract
Great Lakes Dredge & Dock Company, Houston, Texas, has been awarded a $12,086,200 firm-fixed-price contract for beach nourishment at the Cape May Inlet. Bids were solicited via the internet with two received.
- EMSA commissions studies on alternative fuels and technologies
A series of studies commissioned by the European Maritime Safety Agency aims to provide decision makers and stakeholders with an updated and thorough overview of the potential of different sources of power
- The Navy is U.S. shipbuilding's largest customer
From the July issue of Marine Log magazine There's a reason why the larger U.S. shipbuilders have government relations offices, usually staffed up with a goodly number of retired U.S. Navy admirals.
|JULY 27, 2021|
- Refinery dislocation to drive product tanker demand growth, says Ardmore
Every 100,000 bpd refinery shift equates to demand for an additional 10 medium range tankers and 0.5% growth in tonne-mile...
- Union demands release of Wakashio crew
The trade union argues that holding the crew, who have not been charged, is unfair and unjust. They have been...
- MAN Energy confirms engine for Maersk's CO2-neutral methanol feedership
The 2,100 teu vessel will be built at Hyundai Mipo Dockyards and will be delivered in 2023. It will use...
- Competition watchdog appeals Newcastle box terminal ruling
Australia's competition watchdog has appealed a Federal Court ruling that dismissed its concerns about 'anti-competitive' compensation deeds, which it says...
- Transnet declares force majeure as cyber attack effects unresolved
Dozens of vessels heading for key ports may face delays as Transnet is still working to resolve the issues. It...
- China port calls slump as typhoon In-fa takes its toll
Just 10% of the container vessels that normally call at China's key hubs berthed during the past week. The focus...
- MSC joins feasibility study for hydrogen-powered cruiseship
The three companies will collaborate over the next year to study how viable and efficient an oceangoing cruiseship powered by...
- APMT offers alternative to west coast rail congestion
Shipments are backing up again as US rail services face delays. APMT says its small terminal in Mobile, Alabama can...
- Beazley interims confirm hardening marine rates
Beazley sees higher turnover in its marine division, generating a divisional operating profit of $43.1m versus $8.1m last time round
- Grindrod Shipping takes full control of IVS Bulk venture
The $46.3m deal is being funded through cash on hand and proceeds received from the redemption of preference shares
- Europe's box hubs back to pre-pandemic volumes
Despite congestion in the supply chain, northern Europe's leading container hubs have begun to show growth on 2019 levels following...
- Bullying hotline for seafarers sees surge in calls
Seafarers have traditionally been reluctant to engage with mental health issues, so this report from Mental Health Support Services suggests...
- MOL to develop deck cranes as sails
The project aims to reduce greenhouse gas emissions from vessels by unfurling a sail on the ship infrastructure, such as...
- Daily Briefing
Final Wakashio report held up one year after disaster | Dry bulk market to witness best cyclical expansionary phase since...
- PSA sells 20% stake in Thai terminal operator
Eastern Sea Laem Chabang Terminal Co handled around 2m teu, amounting to about 20% of the total processed through Laem...
|JULY 27, 2021|
- Port of Virginia to proceed with second dredging project
- US retailers stress import disruption mitigation to Wall Street
- JOC Rankings: US, EU reopening spurs rebound in trans-Atlantic trade
- Backsliding ocean reliability portends peak season pain
- Indian port leader doles out marine levy waiver for LNG-fueled vessels
|JULY 27, 2021|
- Ardmore Shipping retains top ratings despite quarterly loss
- GasLog Partners sees opportunities for steamships in its fleet or elsewhere
- Ardmore Shipping sees summer weakness atop second-quarter loss
- Navios Partners unruffled by minority shareholder complaints
- Norwegian Cruise Line Holdings' flagship brand returns to sailing
- Demolition yard accident in Turkey claims two lives on Carnival ship
- GasLog Partners secures another charter deal from TotalEnergies
- US supply chain problems place shipping square in Biden's sights
- Navios Partners ups containership ante with $246m order
- OM Maritime talks newbuildings with yards and plots move into tankers
- Greek marine technology firm buys US peer, adding to expansion drive
- Shandong Shipping doubles kamsarmax tally at Dalian Shipbuilding
- Sinokor books MR newbuildings at nascent K Shipbuilding
- Beazley profits from marine insurance rate hike
- Turkish asset player doubles money on handysize bulker
- MSC, Fincantieri and SNAM target hydrogen-fuelled cruiseships
- Wisdom Marine orders four handysize bulkers in Japan
- China issues crew change bans against nine ship managers in Covid-19 crackdown
- Grindrod Shipping gains complete control of IVS Bulk
- MSC adds 16,000-teu containership quartet to China shipyard tally
|JULY 27, 2021|
- Canada border officers vote to strike, warn of supply chain disruption
The union representing thousands of Canada Border Services Agency personnel warns of "significant disruption to the flow of goods" if its members go on strike.
- Containers are being built at a record pace. It's still not enough
Despite all-time-high container production, demand continues to outpace supply and new box prices keep rising.
- Port of New Orleans sees 22% bump in breakbulk cargo
The Port of New Orleans recently discharged an international shipment of steel coils from Taiwan to the Port of Caddo-Bossier in Shreveport.
- With $2.5M funding, Freightify eyes expansion into US, Europe
White-label platform raises $2.5 million to bring real-time, guaranteed container rates to global shippers of all sizes.
- Amid freight congestion, Matson launches fast-boat service to Oakland
Matson is adding a seasonal express service to help deal with the upcoming peak shipping season from China. But will it help with freight transportation...
|JULY 27, 2021|
- OIL FUTURES: Crude slide extends as market eyes US inventory data, delta variant
Crude oil futures settled lower July 27 as traders looked to upcoming US inventory and economic data for signs of next direction against a backdrop of rising coronavirus infections around the world.
- Europe rivals Asia for US naphtha cargoes amid short supply
Tight supply for naphtha in both Asia and Europe has seen a tug of war between the regions for US-origin cargoes, resulting in US naphtha shipments to Europe reaching a multi-year high for July arrivals while diminishing supplies to Asia.
- Oil demand recovery, supply outlook favorable for clean tankers: Ardmore
The product tanker market fell into low earnings at the start of the third quarter, following typical seasonality, but forecasts of rebounding oil demand by the end of 2021 and longer-term tanker supply dynamics have given clean tanker owners a bullish outlook, Ardmore Shipping CFO Paul Tivnan, said July 27 in the company's Q2 earnings call.
- Gasoil Med-NWE cargo spread widest since Dec on divergent fundamentals
The differential between 0.1% gasoil cargo markets in the Mediterranean and Northwest Europe reached a seven-month high, as an improved outlook in the former outpaced subdued fundamentals in the latter.
- Argentina's YPF launching first shale oil pilot project in Mendoza
YPF, the biggest oil producer and second for natural gas in Argentina, said late July 26 that it is launching its first shale pilot project in Mendoza -- a western province at the northern end of the Vaca Muerta shale play -- and is seeking to squeeze more out of maturing conventional reserves.
- AUSTRALIA DATA: May gasoline, kerosene, jet fuel imports fall on tepid demand
Australia's oil products imports mostly fell in May, with gasoline, kerosene and jet fuel showing a sharp decline on the month as demand slowed after parts of the country grappled with COVID-19 lockdowns.
- NWE jet fuel cargoes hit 17-month high versus ICE LSGO on August demand
Cargoes of jet fuel trading in Northwest Europe strengthened on July 26 to their highest level since February 2020, as supply tightened slightly amid increased demand and lower-than-expected arrival volumes from East of Suez.
- Singapore jet fuel M1/M2 contango time spread narrows to 11-week high on travel optimism
The Singapore front-month August-September jet fuel/kerosene contango time spread narrowed to a 11-week high July 26, spurred by travel optimism in the downstream aviation sector, industry sources said.
- JetBlue Airways stitches sustainability into its growth strategy
As JetBlue Airways works to recover from lower air travel demand resulting from the coronavirus pandemic, it seeks to optimize operations by adding international flights, creating alliances with bigger airlines, and bolstering its commitment to energy transition.
- Weaker Chinese demand makes Atlantic Basin crude sellers look elsewhere
Chinese refiners are not importing as much crude oil. Poor arbitrage economics, surging outright prices, and pressure on the independent refining sector have reduced the country's demand for long-haul Atlantic basin barrels in recent trading cycles, forcing sellers of these grades to discount and look elsewhere, according to market participants.
- OIL FUTURES: Crude comes under pressure as delta spread clouds outlooks
Crude futures edged lower in midday trading July 27 as the market weighed tightening supply outlooks against pandemic-driven demand growth concerns.
- Japan's ENEOS to cut weekly wholesale oil product prices by Yen 1,000/kl: sources
For gasoil, the rack price in Chiba was assessed at Yen 67,700/kl, down Yen 600/kl week on week, according to Platts data.
- Asia, Europe lead hydrogen demand-side development: World Energy Council
The focus in Asia is largely for hydrogen as a liquid fuel in the form of ammonia, as well as a fuel for shipping and road transport, the World Energy Council said in a report July 27, published with PwC and the US Electric Power Research Institute.
- OIL FUTURES: Crude prices rise on stronger demand outlook
At 11:10 AM London time (1010 GMT), the ICE September Brent futures contract rose 24 cents/b (0.32%) from the previous close to $74.74/b, while the NYMEX September light sweet crude contract rose 10 cents/b (0.14%) to $72.01 /b.
- Air Liquide to supply hydrogen liquefaction plant for S Korea's SK E&S
In the downstream market, Air Liquide had already supplied eight hydrogen refueling stations in South Korea with more to be commissioned soon, the company said.
- Tokyo Bay bunker barge schedules to tighten amid typhoon: sources
Eneos Kashima refinery suspended its waterborne shipments, according to the source.
- China's crude throughput to fall in July on independent refiner cuts, quota limits
Most PetroChina refineries are located in northeast and northwest China neighboring oil blocks, which are also relatively less developed compared with centers in southern and eastern China.
- REFINERY NEWS: Russia's Omsk completes construction of delayed coker
Separately, the refinery started a project to upgrade the AVT-10 primary processing complex, which has a capacity of 8.6 million mt/year. The project is due to be completed by the end of 2021.
- Fujairah bunker sales seen capped on shortage of barges to meet surging demand
This market has been on considerable rebound as of late, a Fujairah-based bunker supplier said.
- OIL FUTURES: Crude oil slumps on demand risks
Demand concerns, underpinned by surging COVID-19 infections, and travel restrictions coupled with flooding in China and Europe, has weakened oil prices, sources said.
- KPI OceanConnect launches Alternative Fuels and Special Projects division
Bill Wakeling will lead the new division, the company said.
- FOB Singapore 180 CST HSFO market to remain strong in Q3 on power demand: traders
The recent round of gains in the cash differential was due to the pricing period coinciding with the delivery period for cargoes to Pakistan's and South Korea's utilities sectors, a trader said.