|JULY 29, 2021|
- Call for strengthening FMC enforcement powers over detention & demurrage charges
- International Seaways completes merger with Diamond S Shipping
- PSA & ONE ink deal to work towards a more responsible & greener maritime & shipping industry
- Schedule reliability continues to be low in June
- Shipmanager Steering Group launched to power vessel opex benchmarking
- Clarification regarding applicability of IGST on repair cost, insurance and freight on goods re-imported after being exported for repairs, on the recommendations of the GST Council made in its 43rd meeting
- Govt slashes Customs duty on lentil
- Gangavaram Port extends tariffs for steel cargo vessels (export) up to Sept. 30
- Cargo Integrity Group calls for risk-based measures to prevent pest contamination
- Flyjac Logistics inks deal with Lodha's Palava Industrial and Logistics Park
- Trade facilitation, digitalisation, track & trace, competition seen required to face the challenge of high maritime freight rates
- Govt taking steps to ensure reliable & adequate supply chains as merchandise exports surge
- Global economic growth in 2021 to be driven by advanced economies: IMF
- Secured Logistics Document Exchange launched
|JULY 29, 2021|
- Disaster 'that never happened' could delay Euro rail cargo until mid-August
- China-Europe rail gets Vietnam connection, but huge mode shift brings delays
- DSV Panalpina aims for more market share as it starts to integrate Agility
- Containership owners still striking gold in carrier rush to secure charters
- FMC offers interim fixes to ease chronic congestion plaguing US supply chains
- Hapag-Lloyd confirms talks to buy ten 13,000 teu newbuilding resales
- The great sourcing dilemma for shippers in a disrupted global economy
- Ever Given finally arrives at Rotterdam's ECT to unload - four months late
- Forget Brexit, we need a paradigm shift in attitude to solve driver crisis
- Ravi Tulsyan promoted to CFO at XPO Logistics as David Wyshner moves on
- On the wires: Triton the Titan - no end in sight to box leasing bonanza
|JULY 29, 2021|
- FERRIES 2021 to meet in NYC area in November
Marine Log partners with Passenger Vessel Association to plan first ferry event in 18 months Set to take place at the Hyatt Regency Jersey City on the Hudson, November 9-10 in Jersey
- Metal Shark introduces next-generation fireboat
Jeanerette, La., headquartered shipbuilder Metal Shark has introduced the 38 Defiant NXT, a next-generation welded-aluminum monohull pilothouse model based on the company's popular 38 Defiant platform. The first new vessel, Fire Boat
- Inmarsat tunes up for the future of communications
Over the next five years, mobile communications giant Inmarsat is to invest $100 million into what it says will be the largest ever transformation of its services, creating "the communications network of
- New WTIV to feature Wärtsilä propulsion system
The first of two new wind turbine installation vessels (WTIVs) under construction at the China Merchants Heavy Industry (Jiangsu) Co shipyard for Norway's OHT ASA will feature a Wärtsilä integrated propulsion and
- First fully electric U.S. tugboat to be powered by ABB
The recently announced eWolf tug-the first fully electric harbor tugboat in the U.S., built for sustainable and safe operations at the Port of San Diego in California-will feature an integrated electric propulsion
- Skagit County releases RFP for electrical systems integrator for new all-electric ferry
Skagit County, Washington, Public Works and Seattle-based vessel designer Glosten are seeking proposals from electrical integrators to provide the vessel and shore electrical systems and the automated charging plug for the all-electric
- Exmar and fertilizer giant aim to put ammonia-fueled ship on water by 2025
Antwerp, Belgium, headquartered gas carrier operator Exmar is partnering with Canadian fertilizer producer Nutrien to deploy an ammonia-fueled vessel by as early as 2025. The vessel would be fueled by low-carbon ammonia
- Kirby reports increased barge utilization
America's largest tank barge operator, Houston-headquartered Kirby Corporation (NYSE: KEX) today reported results for the second quarter ended June 30, 2021 that included net earnings of $10.2 million, or $0.17 per share,
|JULY 29, 2021|
- Wellbeing study finds 'despair and anger' among seafarers
Universal ban on shore leave is taking its toll with seafarers calling the system 'broken'
- Surcharges rise as service levels slump
Less than half of containerships arrive at their scheduled time. But while reliability wanes, carriers are adding to costs with...
- P&I pricing could rise 50% by 2024, says broker
'Everyone is aware that the next three to four years will be a challenging P&I market in terms of rating...
- Finnlines shows signs of recovery despite passenger sector's long Covid
Finnlines' core businesses have showed signs of recovery but pandemic-related travel curbs continue to suppress passenger numbers
- Inmarsat transforms connectivity to bring in the digital age
Chief executive Rajeev Suri says the network will integrate GEO, LEO and terrestrial 5G into one solution, enabling close-shore navigation...
- D'Amico pins hopes on post-pandemic recovery after loss
While gasoline and diesel consumption has picked up, especially in the US, jet fuel demand is being limited on reduced...
- DSV Panalpina reaps the rewards of supply chain chaos
The Danish freight forwarder is seeing more interest from customers that would normally go direct to carriers. But the increased...
- Flag state willing to share data of accused oil-spill tanker
Investigations reveal circumstantial evidence the tanker was responsible for February oil spill that shut Israeli beaches
- Pacific Basin says strong demand drives dry bulk freight rates
Hong Kong-based company reports best half-year results in 13 years and expects the strong market to continue into next year
- Navios Partners orders new boxships after $100m quarterly profit
The company has placed an order of four plus two 5,300 teu boxships and will pay for $61.6m for each...
- Ever Given arrives in Rotterdam four months after blocking Suez Canal
Evergreen-chartered vessel that closed the Suez Canal has been slowly steaming to its destination since it left Egyptian waters. Cargo...
- IUMI 2021: marine insurance sector set for Seoul-less conference
Theme of 'pathways to a sustainable, resilient and innovative future' will allow for wide-ranging discussions, not least on ESG, says...
- Insurance finds grey area for tankers in US-sanctioned oil trades
P&I coverage for more than 160 tankers shipping billions of dollars of sanctioned crude through some of the world's busiest...
- Safe Bulkers posts highest quarterly profit in years
The improved performance was mainly attributed to the improved market conditions, but the numbers also reflect additional revenues earned by...
- Daily Briefing
The pros and cons of India's new subsidy scheme for shipping | Low water levels in Argentina hinder full cargo...
- Shipping industry 'nervous' about China's control of container market, FMC told
Federal Maritime Commission presented a set of interim recommendations from its fact-finding investigation into challenges facing the ocean transportation supply...
|JULY 29, 2021|
- LA-LB terminals sound congestion alarm well ahead of peak season
- Asia-West Coast container rates hit new high ahead of surcharges
- FMC's Bentzel cautions on China dominance in chassis, container supply
- Expect no relief from volatile market this year: DSV CEO
- UP raises California surcharges to $5,000 for second straight year
- Ever Given arrives in Rotterdam four months after Suez blockage
|JULY 29, 2021|
- Fincantieri returns to profit amid Covid-19 recovery
- d'Amico International Shipping links management pay to ESG performances
- Castor Maritime strikes for $41m term loan to 'fund growth plans'
- Polys Hajioannou expects dry bulk's bull run to continue to mid-2023
- Seanergy achieves first-half profit six years after relaunch
- Exmar and fertiliser charterer to work together on ammonia-fuelled ship
- Altera Infrastructure embarks on $700m debt restructuring
- Finnlines sees business pick up but maintains gripes against host government
- WISTA USA president: Quest for gender equity in shipping should begin in schools
- Samos Steamship adds to its Sumitomo aframax tanker order
- Nordic American Tankers plans to 'renew and expand' fleet
- SwiftBulk fights off $22m claim from investment bankers
- Covid-19 gave Tiptree Marine 'no playbook' for distressed asset plays
- US-listed distressed asset player Tiptree Marine plans expansion
- Coustas' DeepSea Technologies wins backing from Signal and Nabtesco
- Strong boxship market sees Samudera post five-fold increase in first-half profit
- Four shipping projects in first wave of EU innovation funding
- Lomar Shipping bags $54m for 17-year-old panamax boxship
|JULY 29, 2021|
- Different container indexes, vastly different rates. Which is right?
Disparities between container index prices wider than ever after big course correction by Freightos.
- Port Houston reopens terminals to truck traffic
The port's Bayport and Barbours Cut container terminals have been closed as the result of the hardware failure that began at 7 a.m. Tuesday.
- Growth in air cargo volume hits 4-year high
Air cargo throughput is expected to continue its upward trend after a strong first-half showing, IATA said.
- Ever Given containers finally being offloaded at Port of Rotterdam
The Ever Given, stuck in the Suez Canal for six days in March, finally berthed at the Port of Rotterdam on Thursday.
|JULY 29, 2021|
- ARA fuel oil stocks rise 4.6% on week after 16-month lows: Insights Global
Demand has ticked up a bit into Western Africa and other places for HSFO, one trader said.
- European HSFO backwardation hits 21-month high
High sulfur straight run can feed into the HSFO pool, as it can be used as both a bunkering and a heating fuel. Strength in the HSSR market is often an indicator of strength in the high sulfur fuel oil market.
- Australia, UK to cooperate in low-emissions technology research, development
Taylor and UK Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, signed a letter of intent focused on a variety of emerging technologies on July 29.
- India JSW, Australia Fortescue tie up to explore renewable hydrogen
In May, it was announced that FFI and Japan IHI Engineering Australia Pty Ltd and IHI Corporation have signed an MoU for an investigation into establishing a green ammonia supply chain between Australia and Japan, according to CSIRO.
- Shanghai bunker operations resumes after typhoon In-Fa
This comes on the back of a four-day closure at the ports in Shanghai, after Typhoon In-Fa made landfall in east China Zhejiang Province.
- Platts proposes to amend volumes for Panama bunkers assessments
Platts is proposing to change the ex-wharf volume range for all Panamanian assessments of Marine Fuel 0.5%S and IFO 380 to 500-1,000 mt. The current range is 500-1,500 mt for Balboa, Cristobal and the Panama Canal, which reflects the lower of the two ports on occasions when the two diverge.
- Platts to include FSUs in ex-wharf Singapore bunker assessments from Sept 1
Any offer of oil from vessels approved for the MOC process will be on ex-wharf FSU basis.
- Minerva Bunkering (USA) LLC to join Americas - Bunkers- Panama- Physical MOC
Platts will publish all relevant information from Minerva Bunkering (USA) LLC accordingly.
- SOUTH KOREA DATA: June oil products demand rises but COVID-19 resurgence may hit Q3 consumption
The country consumed 77.37 million barrels, or an average of 2.58 million b/d, of refined oil products in June, compared with 71.64 million barrels a year earlier, the KNOC data showed.
- South Korea's delivered 0.5%S bunker drops below Singapore on ample supply
Delivered South Korea marine fuel 0.5%S is typically the highest in Asia, while Singapore the lowest.