A.P. Moller-Maersk continues to grow profitability while safeguarding global supply chains
CMA CGM India successfully & safely discharges five units of heat exchangers at Kolkata Port
Govt sets up new body under APEDA to promote rice exports
Angré Port leases part of its industrial land to Arjun Refineries for setting up business unit
APM Terminals Pipavav completes 500 days of safe operations
Import-laden containers moved from JN Port Terminals to Container Freight Stations (CFSs) and cleared by importers from March 23 to May 12, 2020
Volume matrix of import-laden containers shifted from Mundra Port Terminals to Container Freight Stations and import delivery from Container Freight Stations during March 23 to May 12, 2020
Key measures to support MSMEs, businesses announced
Stimulus package new dawn for manufacturing: FIEO President
Allcargo Logistics engages in community level & hospital-centric relief interventions
Not interested in reopening negotiations on trade deal with China: Trump
Japan's first LNG bunkering vessel launched first LNG bunker vessel (LBV). The LBV is scheduled to be delivered at the end of September 2020 and will be the first to be operated in Japan. After delivery, it will
COVID-19: Sembcorp's Singapore shipyard labor force slashed from 20,000 to 850 Singapore's "circuit breaker" measures to limit the spread of coronavirus have had a major impact on Sembcorp Marine. In particular, its Singapore shipyards' use of migrant workers living in dormitories has been
MacGregor equipment picked for Edda Wind newbuild quartet MacGregor is to supply walk-to-work gangway and 3D crane equipment packages for the four offshore wind service vessels under construction in Spain for østensjø Rederi's Edda Wind business (see earlier story). Two
ST Engineering Marine unveils new LNG catamaran design With extreme volatility in oil price, offshore operators are now more conscious of operating expenses and looking for more cost-effective transfer solutions. In response, Singapore's ST Engineering Marine has unveiled a design
Federal agencies seek new steward for Boston Light The U.S. Coast Guard, in partnership with the U.S. General Services Administration, has initiated the process to transfer stewardship of Light Station Boston, commonly known as Boston Light, under the National Historic
VIDEO: Carbon fiber hulled all-electric ferry is a record breaker A carbon fiber composites-hulled all-electric ferry delivered by Norway's Brødrene Aa Shipyard marks another major advance in low-emission passenger vessel technology. The 297-passenger Rygerelektra measures 42 meters in length and is capable
Four KOTC VLCCs to get Wärtsilä Fuel Efficiency Boost Kuwait Oil Tanker Company (KOTC), a subsidiary of Kuwait Petroleum Company (KPC), has contracted Wärtsilä to upgrade the performance of four of its VLCCS. The vessels' main engines will be retrofitted with
Maersk: "We are strongly prepared to weather the storm" A.P. Moller - Maersk today reported first quarter results that Danish business daily Børsen characterized as "good numbers, grim outlook." The company reported revenues from continuing operations of $9.57 billion compared with
Capesize market plunges to lowest in four years The Baltic Capesize Index moves back into negative territory after being above zero for only six weeks
Opec forecasts deeper drop in demand ahead of rebalancing According to the latest Opec monthly report, oil demand will fall to 81.3m barrels per day, although record supply cuts...
Floating storage duration to offset Opec crude cuts, says Navig8 'Long and slow drawdowns of floating storage will place a wet blanket on earnings for an extended period,' says Navig8...
Are box lines finally becoming price setters? Price wars have been a feature of container shipping for decades as market share took precedence over profits, but as...
Skou confident carriers can maintain capacity discipline Maersk is not pursuing market share and it seems other carriers are doing the same, according to the head of...
Record-high inactive fleet weighs down charter rates There are also fears that the US-China phase one trade deal could fall apart due to quarrels over the 'Chinese virus'...
Supply chain risk mitigation shows shipping's future direction A report from the Economist Intelligence Unit agrees with an academic webinar that making the supply chain uber-efficient has left...
West brings down combined ratio to 107% Marine mutual well positioned to help members through coronavirus crisis, says chief executive Tom Bowsher
Epic Gas warns LPG market recovery will be shortlived The small LPG vessels specialist saw profits rise in the first quarter but sees tougher times ahead
Decarbonisation is complex, the simple answer is methanol The maritime industry needs clarity on the requirements for future fuels, says Chris Chatterton, chief operating officer at The Methanol...
PD Ports on investors' radar as owner reviews options While revenue from airports and toll roads is now under severe pressure, prospects for ports and freight companies look more...
Banks can do more to mitigate exposure to oil cycles Recent insolvencies marring Singapore's oil sector may stoke a fresh debate about credit risk mitigation
CMA CGM secures $1.1bn state-backed loan The loan is part of France's state-guaranteed loan scheme established at the end of March in response to the coronavirus...
Star Bulk shareholders approve Oslo delisting Nasdaq-listed dry bulk owner has cited 'limited benefits' from secondary exchange as trading in Norway falls short of hopes
Daily Briefing Free to read: Coronavirus feeds LNG shipping inefficiency | Call for P&O's state-aid to be linked to UK jobs |...
Precious Shipping's Hashim sees bumpy ride to recovery in the dry bulk market Any small change in demand or supply in the dry bulk markets will have a disproportionate impact on the Baltic...
Gard postpones final P&I instalment due to 'challenging time' 'The capital situation would normally trigger full release of the last instalment. But we like to stretch to do whatever...
Maersk warns of looming sharp drop in container volumes 'As global demand continues to be significantly affected, we expect volumes in the second quarter to decrease across all businesses...
SembMarine yard workforce down 96% on coronavirus measures SembMarine has warned that the effects of the coronavirus backdrop as well as low oil prices on future projects' final...
CSIC's former chairman detained as part of corruption probe China's anti-corruption body has announced it is investigating China Shipbuilding Industry Corp's former chairman Hu Wenming for suspected misconduct
Blank sailings batter Californian ports' throughput Quite when the cancellations will come to an end cannot be predicted with any certainty. But most forecasts see reduced consumer...
Ports laying groundwork for post-coronavirus business The path ahead will look very different, according to global seaport authorities.
Avianca receives preliminary OK for Chapter 11 bankruptcy A U.S. federal court on Monday agreed on an interim basis to Avianca Holdings SA's initial motions to voluntarily reorganize under court-supervised bankruptcy protection. Latin...
Matternet readies cargo drone for FAA tests Drone technology provider to UPS Flight Forward aims for unmanned aircraft systems certification from the U.S. Federal Aviation Administration.
North American passenger airlines expand cargo flights in May If you're a forwarder and need more airlift to get goods around the world, you're in luck. Airlines are listening and putting more assets to...
Stranded crew crisis is ticking time bomb for global trade Future cargo flows at escalating risk from inaction on stranded seafarers.
Maersk: Container volumes could fall 25% World's largest box carrier expects capacity cuts to mitigate volume downside.
New trade center aims to help private sector navigate USMCA deal The new USMCA Center will facilitate the transition from NAFTA, update U.S. Customs and Border Protection regulations on pending USMCA issues, and provide guidance on...
Singapore's Sembcorp Marine hurt by coronavirus capex cuts by customers Sembcorp Marine has been hard hit by spending cuts due to the coronavirus pandemic and the collapse of oil prices, the Singapore-based company said Wednesday.
Aframaxes in North Sea weigh their options amid subdued activity Aframax shipowners in the North Sea region are considering their options with freight rates weighed on by an absence of cargoes, market sources said.
US DATA: EIA says Gulf Coast ULSD stocks draw for first time in a month Ultra low sulfur diesel stocks on the US Gulf Coast drew 254,000 barrels to 44.3 million barrels for the week ended May 8, Energy Information Administration data showed Wednesday.
Surplus ULSD auctions scheduled for Thursday: Colonial Colonial Pipeline will hold two ULSD surplus auctions Thursday morning, the company said in a notice Wednesday. This marks the seventh and eighth surplus auctions they have had for ULSD this year.
OIL FUTURES: Oil retreats as market eyes weakened US crude appetite Oil futures edged lower Wednesday as weakened US refinery demand overshadowed an unexpected draw in US crude supply last week.
ARGENTINA DATA: Refinery capacity utilization falls to 70.8% in March Argentina's refinery utilization rate tumbled to 70.8% in March from 76.6% in the year-ago period, as the coronavirus pandemic-induced lockdown of the economy curbed demand for diesel and gasoline, government data showed Wednesday.
Shipping line Maersk foresees up to 25% drop in Q2 volumes Danish container giant Maersk warned of a difficult period ahead, according to its first-quarter earnings report Wednesday, with a possible 20-25% decrease in freight volumes in Q2.
Mediterranean diesel swaps hit 6-week high on refinery run cuts Mediterranean diesel paper values have risen to the highest level since the end of March amid refinery run cuts, particularly in the Mediterranean, and lower freight rates, market sources said Wednesday.
Bunker price recovery unlikely to be as rapid as collapse: BIMCO Past crises and price shocks were a reminder that any price recovery in the bunkers market was unlikely to be as rapid as the collapse, while low prices held mixed implications for the shipping industry, international trade association BIMCO said Wednesday.
SINGAPORE DATA: April bunker fuel sales fall 4.83% on month to 4.11 million mt Singapore's bunker fuel sales in April declined 4.83% on the month to 4.11 million mt, data from the city-state's Maritime and Port Authority showed Wednesday.
New Orleans marine gasoil hits all-time low as coronavirus hurts demand Ex-wharf marine gasoil in New Orleans hit a record low Wednesday as bunker demand on the US Gulf Coast continues to be battered by the COVID-19 pandemic.
Rising arbitrage volumes, limited outlets push 380 CST HSFO cash differentials to all-time lows A supply length and increasing volumes into Singapore from Europe over May and June have sent the Singapore 380 CST high sulfur fuel oil cash differentials crashing to all-time lows in recent days, showed S&P Global Platts data.
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