Ammonium nitrate seized from cargo ship was source of Beirut explosion Lebanon today declared a national state of emergency and put a number of port authority officials under house arrest following the huge blast that shook Beirut yesterday. With the death toll now
ABS awards Vard Marine AIP for second Jones Act SOV design Vard Marine Inc. reports that, with U.S. offshore wind projects picking up speed, it has been accelerating its design efforts and has now obtained its second ABS Approval in Principle (AIP) for
Study makes case for accelerating U.S. offshore wind leasing The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of clean energy and $1.7 billion in U.S. Treasury revenue by 2022, according to
CLIA members extend voluntary pause on U.S. cruise operations The Cruise Lines International Association (CLIA) said today that its ocean-going cruise line members have agreed to voluntarily suspend U.S. cruise operations until at least October 2020. This pushes any resumption of
Davie sets sights on icebreaker exports Buoyed by its success in being designated as the icebreaker partner under Canada's National Shipbuilding Strategy, Davie Shipbuilding is now eyeing export markets and yesterday launched a National Icebreaker Center (NIC). The
Illinois awards $40 million grant to Cairo port project Illinois Gov. J.B. Pritzker visited Cairo, Ill., yesterday to announce that the State of Illinois will provide $40 million through the Rebuild Illinois capital plan to anchor a public private partnership that
Cost of repatriation is deterring crew changes, say seafarers Stories have emerged of owners compensating by sending hampers of baby gifts to the families of crew who have missed...
Seanergy eyes 'full-blown recovery' for capesizes Market conditions already showing 'significant reversal of the negative factors of the first half into a full-blown recovery', says chief...
Greece move prompts GasLog Partners leadership change Savings expected to be about $3m annually from a reduction in overheads at the partnership come in addition to an...
Freight volumes show signs of recovery June volumes were higher than in May and the corresponding month last year. Figures for the first six months of...
Beirut blast - what we know so far Investigations are already being carried out into the circumstances surrounding a huge blast that tore through Lebanon's capital with the...
Blast may have devastating impact on Lebanon's trade flows With Beirut's port closed, it is likely that Lebanon's second port of Tripoli - believed to be operating at just...
Beirut explosion hits container links Neighbouring Tripoli lacks the capacity to handle volumes from Beirut as carriers start to reroute ships
Stored ammonium nitrate cargo link to Beirut blast Some 2,750 tonnes of ammonium nitrate were warehoused inside the perimeters of Beirut's port after being confiscated from a Moldova-flagged...
Kanfer Shipping plans for LNG bunkering quartet Managing partner Stig Hagen moots plan for up to four newbuilds to be constructed to a single-tank vessel design
Container port capacity growth to contract with declining trade Risks to the outlook are said to remain if a resurgence in coronavirus cases leads to further widespread economic lockdowns
Autonomous ships platform project launched Many ports see being prepared for autonomous navigation as part of plans to be future-ready
Baltic Dry Index gets lift from capesize and panamax segment The capesize sector, which has been the main driver for the surge in BDI, was helped by Chinese iron ore...
Daily Briefing Free to read: Beirut port blast: latest news | Is shipping coping with the pandemic? | Shipping's GHG emissions rising...
ITF secures repatriation of 250,000 cruise sector seafarers Crew change crisis has shown the best of unions and employers, ITF official insists
Full impact of pandemic on dry bulk cannot be predicted, says Safe Bulkers The full impact of the coronavirus on the company's operations and results as well as the wider impact on the...
Salvage operation starts to refloat grounded capesize Nagashiki Shipping says the cause of the incident will be fully investigated as salvage experts and crew start pumping operations
K Line to cut 52 vessels amid 'harsh business environment' Company's net losses stood at ¥955m in the first quarter compared to the year-ago net profits of ¥7.8bn
E-commerce, pandemic charters boost ATSG's Q2 revenues Air Transport Services Group
Port Authority of New York and New Jersey performance worst ever Federal government asked to contribute $3 billion to cover projected losses.
Trans-Atlantic shipping sinks as trans-Pacific soars Ports on the Atlantic are losing imports from Europe as well as Asia.
CMA CGM worker among missing in Beirut Container lines, some with damaged or destroyed buildings, are scrambling to reroute cargo bound for Lebanon.
COVID outbreak threatens to delay ocean, air shipments in Australia Logistics providers are worried that new emergency measures to combat a COVID resurgence in Victoria, Australia, will hamstring deliveries of imports and exports.
Deutsche Post DHL beats back COVID-19 with Q2 profit Deutsche Post DHL saw a significant rise in e-commerce activity during the second quarter due to continued COVID-19 travel restrictions and retail store closures.
Role reversal: Passenger airlines make more from cargo sales in Q2 The cargo divisions at Air Canada, IAG/British Airways and Air France-KLM played dominant roles for their respective airlines in the second quarter, creating cash flow....
Russia's H1 seaborne LPG exports plunge 42% on higher domestic appetite, OPEC cuts Russia's seaborne LPG exports slumped 42% on the year to 1 million mt, largely due to increased consumption from the domestic petrochemical sector and lower production following OPEC+ cuts, Grieg shipbroker said in a report dated Aug. 4.
Grounded passenger flights boost Japan NYK's Apr-Jun air cargo demand by 63% on year Japan's Nippon Yusen Kabushiki Kaisha or NYK Line's revenue from air cargo transportation surged 62.8% year on year to Yen 28.8 billion ($272.4 million) over April-June, the company said August 5, as the transportation of goods via passenger flights plunged due to pandemic-led restrictions on international travel.
Open interest for Singapore MF 0.5%S Aug contract on ICE drops 29% Open interest for the August Singapore Marine Fuel 0.5%S contract fell 29% on the month in July, data from the Intercontinental Exchange showed Aug. 4, even as the market showed strength throughout the month and the August/September swaps spread flipped from a contango to backwardation.
Oil climbs as stimulus bill progress, strong US factory data support demand outlooks Crude oil prices settled higher Aug. 4 following more bullish US economic data and expectations of a large drawdown in US crude inventories.
Overall shipping emissions in 2050 could surpass 2008 levels: IMO study Overall emissions from shipping in 2050 could equal or surpass 2008 levels as shipping demand outstrips energy efficiencies, according to the International Maritime Organization's Fourth Greenhouse Gas Study 2020.
USGC middle distillates flows to Europe in Aug already 660,000 mt: cFlow US Gulf Coast middle distillate shipments due to arrive into Europe in August are scheduled to amount to at least 660,000 mt, of which around 440,000 mt is heading for Northwest Europe and 220,000 mt to the Mediterranean, data from S&P Global Platts trade flow software cFlow showed August 5.
US weekly imports of Canadian crude surge to pre-pandemic levels: EIA US weekly imports of Canadian crude surged 496,000 b/d in the week that ended July 31 to levels seen in January and February before refinery demand plunged as a result of the coronavirus pandemic.
Low sulfur bunker fuel gap widens at Rotterdam The pricing gap between 0.1%S marine gasoil and 0.5%S marine fuel -- both IMO 2020-compliant fuels -- has widened again at Rotterdam after the start of IMO's sulfur cap rule earlier this year saw the two come almost within touching distance of each other.
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