|JULY 28, 2021|
- Asia-Europe: Some services blanked more?
- CMA CGM PSS on cargo from Middle East Gulf, Indian Subcontinent, Egypt & Red Sea to Canada East Coast
- Parliament passes bill to adopt state-of-the-art technologies for marine navigation
- Trial movement of 3 LPG tankers by RoRo barges undertaken through NW-1 from HDC to KPD
- Onion exports slow down as buyers hesitant after bans
- DP World reports robust volume growth in Q2
- New Mangalore Port approach channel draught reduced
- ATA Carnet & UN TIR facilitates trade, Customs revenue & expedites clearance of goods: CBIC Joint Secretary
- Gateway Distriparks shows strong recovery in throughput & realisation in Q1
- Jeena & Co. & Hermes Germany enter into an exclusive & strategic partnership
- Kandla becomes first Green SEZ; awarded IGBC Green Platinum rating
|JULY 28, 2021|
- Thailand mulls launch of national liner operator to tackle soaring freight rates
- As liftings fall, ocean carriers still earning more bucks with less bang
- Transnet Navis back online after cyber-attack, but Maersk omits port call
- Thai forwarder JWD buys into Laem Chabang terminal operator ESCO
- Truckers hit back as recruitment agencies 'undermine shipper faith in haulage'
- UPS 'bullish' results fail to impress markets fearing end to e-commerce boom
- On the wires: Hutch Port Trust keeps its foot on the accelerator
|JULY 28, 2021|
- ITF calls on Mauritius to release Wakashio crew
The International Transport Workers' Federation (ITF) is calling for the immediate release and repatriation of the crew of the MV Wakashio (IMO: 9337119), the Capesize bulker that made the headlines when it
- Third 3,000-hp push tug joins Vane Brothers fleet
Baltimore, Md., headquartered Vane Brothers has taken delivery of the Rock Hall, the third of four 3,000-horsepower Salisbury Class push tugs under construction for the company by Chesapeake Shipbuilding & Naval Architects
- Crowley awarded $638 million MARAD contract
Crowley Maritime Corporation's Solutions business unit has been awarded a multi-year, $638 million contract for Vessel Acquisition Management (VAM) by the U.S. Maritime Administration (MARAD). Crowley says its strategic acquisition and vessel
- World shipping faces looming officer shortage
A new Seafarer Workforce Report from BIMCO and the International Chamber of Shipping (ICS) warns that, by 2026, an additional 89,510 officers will be needed to operate the world merchant fleet. The
- U.S. LNG exports soar
Figures released yesterday by the U.S. Energy Information Administration (EIA) show that monthly U.S. liquefied natural gas (LNG) exports reached record highs in the first half of 2021, averaging 9.6 billion cubic
- Q&A: HEMEXPO president talks Greek shipbuilding and marine tech
Helen Polychronpoulouhas dedicated her career to the growth and development of the Greek marine equipment manufacturing industry. In addition to her role as HEMEXPO president, she is executive vice president at Environmental
- Corps starts 2021 Duluth maintenance dredging
The Duluth Engineer District is set to begin 2021 maintenance dredging and Minnesota Point beach nourishment next week. Cleanup of material placed during 2020 continues. The Corps of Engineers awarded the 2021
|JULY 28, 2021|
- Low water levels in Argentina hinder full cargo loads
Ships reported to be allowed to carry about 75% of loads to avoid the risk of grounding. The restriction comes...
- DP World sees UK throughput record
First-half traffic at London Gateway and DP's Southampton terminal surpassed 1.88m teu, partly thanks to the arrival of new callings...
- Weekly Briefing: Box supply chains face more disruption | Optimism for bulker sector | Ardmore shines light on tanker gloom
Container supply chains were hit by further disruption this week following a cyber attack on the chief terminal operator in...
- Shoddy casualty investigations putting lives at risk
IMO knocks back proposal to speed up casualty investigations, behind the scenes of the Lloyd's Open Forum dispute, and how...
- Cyber insurance struggles to find purchase
Uptake of marine cyber insurance is at an impasse, with specialist cover available but too few shipowners willing to buy...
- A message to the marine insurance market: Conduct your KYC or risk fines
The maritime guidance from US and UK regulators Ofac and Ofsi sends a clear message to marine insurers: stay vigilant...
- Short-term boxship charters rise to 'staggering' rates
With little tonnage available on the short-term market, rates are reaching 'astronomical' figures. Longer-term charters are high, but still recognisable
- US vaccinates over 35,000 seafarers
US charities have vaccinated more than 35,000 foreign seafarers in US ports, as new vaccination initiatives in Canada, Germany, Cyprus...
- Number crunching says nothing about seafarer competency shortages
The report is strong on numbers but weak on competencies. The next 10 years will see shipping take on new...
- The Lloyd's List Podcast: Why the world is about to run out of seafarers
International Chamber of Shipping secretary-general Guy Platten joins Lloyd's List editor Richard Meade to discuss the release of the new...
- Costamare spree reaches 37 bulkers amid record boxship profits
Greece-based owner has seized the moment to move decisively into bulkers as profits soar and the red-hot containership market continues...
- The Lloyd's List Podcast: Taking a deep dive into sustainability
The decarbonisation pathway is more than alternative fuels; it's thinking about the vessel and the voyage holistically. The role played...
- Daily Briefing
Recruitment positives hide real concerns, warns seafarer report | Union demands release of Wakashio crew | Transnet declares force majeure...
- The pros and cons of India's new subsidy scheme for shipping
While the measure will further increase government imports carried on Indian flags, the impact may be marginal as the policy...
- Recruitment positives hide real concerns, warns seafarer report
The BIMCO/ICS report seeks to understand the profile of the maritime workforce using data on nationality, rank/role, age profiles and...
- US LNG exports rose 42% in first half of 2021
Rising global demand once pandemic restrictions began to ease, as well as continuous unplanned outages at export facilities in several...
|JULY 28, 2021|
- FMC offers path for Congress to boost agency's enforcement muscle
- Global recovery drives air cargo volume to four-year high
- NS targets end of August to complete chassis repairs
- Port of Houston aims for Thursday reopening after gate outage
- Regulating detention, demurrage comes with risks
|JULY 28, 2021|
- Safe Bulkers cuts debt, renews fleet amid 12-year profit high
- Chevron reports small dip in shipping carbon intensity
- Handysizes keep rising while larger ships see fortunes turn
- Crowley wins contract to help US military find ships in secondhand market
- GoodBulk pays out dollar dividend as capesize and panamax earnings climb
- Procopiou's Sea Traders plans to unload stricken bulker off Malaysia
- New Saudi yard IMI brings in Columbia to manage services
- Costamare keeps options open for further push into bulkers
- Hapag-Lloyd to take up to 10 containerships from Greek shipowners
- Methanol gains traction as future marine fuel as newbuilding orders emerge
- Momentum is building for international seafarer vaccination
- Costamare bulker tally reaches 37 ships amid record containership profit
- CMB inks $244m 'opportunistic' order for newcastlemax bulkers
- Short period charters for tankers emerge amid renewed virus outbreaks
- Marfin seeks to limit liability after Mississippi River crash damages tug offices
- ICS warns trained officer crisis could become unmanageable
- Supercycle or not, the dry bulk boom is handy for some
- CSSC Shipping interim profit set to jump 30% on bigger operating fleet
- Union calls on Mauritius to release Wakashio seafarers
- Could Himalaya Shipping and 2020 Bulkers merge in future?
- South African container ports creak back to life after prolonged cyber-attack shutdown
- Singapore police sell tanker arrested in Shell oil heist
- Japan's planned LNG-import cuts overstated, says EnergyQuest
|JULY 28, 2021|
- Highways, ports get $2B boost in Biden infrastructure deal
Senate lawmakers find more money for highways and ports in a bipartisan infrastructure package.
- 2 Port Houston terminals remain closed due to hardware failure
The port told customers the hardware failure wasn't related to a cyberattack.
- Warning: Book now or 'Christmas may be canceled'
U.S. shippers this holiday season will need more than Rudolph's red nose to guide them through the whiteout of congestion.
|JULY 28, 2021|
- June refinery output rises as gasoline, bunker fuel lead recovery
Brazil's refineries registered year-on-year output growth in June as increased production of gasoline and bunker fuel offset barrels of diesel lost to maintenance shutdowns, according to the National Petroleum Agency's latest production report released July 28.
- INTERVIEW: Climate change-fueled air turbulence set to hike jet fuel demand: scientist
Climate change is expected to drive an increase in the severity of air turbulence which could boost demand for jet fuel in the aviation sector as well as sustainable aviation fuels and carbon credits, an atmospheric scientist said July 28.
- OIL FUTURES: Oil steady as US crude stocks tighten while gasoline demand languishes
Crude prices were steady in midmorning trading July 28 as a resumption of US crude oil inventory draws was offset by weaker-than-expected gasoline demand.
- Thailand's Aug spot fuel oil exports likely to fall on month amid lack of volumes from PTT
Spot fuel oil cargo exports in August from Thailand are expected to fall compared to July with state-owned PTT to skip exports, according to a company source.
- Enterprise reports rising crude flows, still bullish on Texas terminal
Enterprise Products Partners co-CEOs Jim Teague and Randy Fowler July 28 touted the ongoing rebound in energy demand and remained bullish on building a deepwater crude-exporting terminal offshore of Texas, called SPOT, as early as 2022.
- OMV gets production lift from Libyan assets; raises oil, gas price outlook
Austrian producer and refiner OMV reported a 6% rise in second-quarter oil and gas production July 28 helped by returning Libyan volumes and raised its outlook for oil and gas prices for the year.
- Mediterranean tanker rates face pressure from tightened product market
Thinning refined product cargo availability is likely to place downward pressure on clean tanker markets in the Mediterranean in the near term, and more tonnage expected from incoming gasoline shipments from the north and naphtha from the US is likely to put additional weight on shipowners' resolve to maintain rates.
- ExxonMobil announces 'significant' discovery at Guyana's Whiptail field
An ExxonMobil-led consortium has made a "significant" discovery at Whiptail, on Guyana's offshore Stabroek block that could form the basis for a future oil development on the block's southeast area and add to current estimates of 9 billion boe of recoverable resources, according to partner Hess Corp.
- US FERC weighs airlines' request for emergency action on jet fuel shortage at Reno
The US Federal Energy Regulatory Commission is considering airlines' emergency request to order a pipeline to allocate more space for jet fuel as Nevada's Reno-Tahoe International Airport faces a likely supply shortage through August as a result of a pandemic-related market disruption.
- BHP not planning to leave Trion joint venture in Mexico, Pemex says
Australian oil, gas and mining company BHP Billiton is not planning to leave Mexico and its partnership with Pemex, the Mexican state oil company's management said July 28.
- US crude oil inventories fall to 18-month low amid import slowdown: EIA
US crude oil inventory draws resumed in the week ended July 23 amid much lower imports and steady exports, Energy Information Administration data showed July 28.
- OIL FUTURES: Crude rally extends as EIA reports tighter US inventories
Crude oil futures settled higher July 28 on the heels of a US Energy Information Administration reports showing lower US production and tightening supply.
- Alpiq, EW Hoefe and Socar plan Switzerland's largest green hydrogen plant
Swiss energy company Alpiq, utility EW Hoefe and Socar are planning to build a 10-MW electrolyzer to produce renewable hydrogen in Freienbach, Switzerland, Alpiq said July 28.
- REFINERY NEWS: Japan's Cosmo resumes waterborne shipments from Chiba as typhoon passes
"After the first alert was lifted [by the Japan Coast Guard] in the late evening, we resumed the shipments," the person said.
- TENDER DATA: India's Nayara offers VLSFO for end-Aug loading
Specs & quantity: Fuel oil with maximum 0.10% sulfur, minimum viscosity of 30 CST at 50 degrees Celsius; 40,000 mt (plus/minus 5% at buyer's option)
- Total Trading Asia Pte. Ltd changes entity name to TotalEnergies Trading Asia Pte. Ltd
Platts has reviewed TotalEnergies Trading Asia Pte. Ltd and will consider information from TotalEnergies Trading Asia Pte. Ltd in the Asia and AG assessment processes for the abovementioned markets, subject at all times to adherence with Platts editorial standards.
- REFINERY NEWS: Romania's Petrobrazi reports 93% utilization in H1
Overall capacity: 4.5 million mt/year (90,000 b/d) after upgrade
- TENDER DATA: South Korea's EWP cancels tender seeking VLSFO for early-Aug delivery
Specs & quantity: 540 CST fuel oil with maximum 0.3% sulfur; one cargo of 25,000 mt
- Bunkering resumes at Zhoushan/Ningbo post Typhoon In-Fa; barging tightens
Yangshan Container Terminal is one of the main bunkering spots in the area, with bunkering activity at the port amounting to approximately 120,000 mt/month. Some container ships were forced to move out of Shanghai's Yangshan Port due to the typhoon, a market source said.
- TENDER DATA: Pakistan State Oil seeks two HSFO cargoes for Aug. 13-22 delivery
Specs & quantity: 180 CST high sulfur fuel oil, with maximum 3.5% sulfur; two cargoes of 65,000 mt each
- Saudi forces intercept Houthi attack on Jazan on Red Sea coast
Houthi attacks on Saudi Arabia have become increasingly common, and typically target critical infrastructure, including oil-related targets. Jazan is a frequent target of the attacks.
- JERA Linden gas-fired power plant in US to introduce hydrogen in fuel mix
For instance, earlier this year it advanced plans to procure ammonia for co-firing at its coal-fired thermal power plants and signed preliminary agreements with suppliers in the Middle East to this effect.
- FUJAIRAH DATA: Oil product stocks fall to 2-month low as diesel exports rise
The stocks of middle distillates, including jet fuel, diesel and gasoil, fell 21% on the week to 2.66 million barrels, the biggest weekly drop since March 2020 and the lowest since April 2020.
- TENDER DATA: Sri Lanka's Ceypetco seeks 180 CST fuel oil for early September
Specs & quantity: 180 CST fuel oil with maximum 3.5% sulfur; 20,000 mt
- Singapore LNG, Keppel to study extraction of chemicals feedstock from LNG imports
A source close to SLNG told S&P Global Platts that a final investment decision will be made after the study is completed.