KMTC Line's new FME 2 service to call Chennai & Kattupalli ports
Maiden vessel of Sinokor India Service calls at Nhava Sheva
MOL appoints new Chairman & President
Seaways Shipping handles direct shipment of IOCL cargo through Gold Star Line
Container shortage seen impacting exports
Procedure at FSP Cell, JNCH for revalidation/new registration of Self Sealing Permission in EDI system for electronic sealing of containerised cargo at factory or warehouse premises
Soymeal exports estimated to increase
China has seven of top 10 ports in terms of cargo & container throughput
Cochin Port rates revised
Draft Indian Ports Bill, 2020 to be a game-changer in the Indian maritime sector: Mansukh Mandaviya
MOL announces integration of dry bulk business, wood chip carrier business & establishment of a new company
Forex reserves at new record high
India seen among leaders of world's economic recovery in 2021
Trade agreement on e-commerce seen essential to power post-Covid economy
PSA in agreement to co-innovate supply chain & cargo mobility solutions
NDAA affirms that OCSLA applies to offshore wind The Offshore Marine Service Association (OMSA) reports that the National Defense Authorization Act for FY 2021 (NDAA), which today passed the Senate with a veto-proof majority, affirms that the Outer Continental Shelf
Branson duck boat tragedy victim seeks action by Missouri State Attorney General As had been widely expected (see earlier story), a federal court has dismissed a 47-count indictment against the captain and two managers charged in connection with the fatal sinking of the Stretch
LOI signed for Harland & Wolff to build two Windfarm Development Vessels InfraStrata plc (AIM: INFA), the U.K. infrastructure project specialist that bought the assets of U.K. shipbuilders Harland & Wolff and Appledore Shipyard, has signed a Letter of Intent (LOI) with Triumph Subsea
Master Marine delivers second of four Plimsoll Marine towboats Recently delivered by Master Marine Inc., Bayou La Batre, Ala., the 67- by 20-foot M/V Grain Express is the second of four vessels that the shipyard is scheduled to deliver to LaPlace,
Jan De Nul buys advanced construction and cable-lay vessel Luxembourg-based Jan De Nul Group reports that it is the buyer of the of the offshore construction and cable-lay vessel Connector. Last Friday, vessel owning company Ocean Yield ASA disclosed that it
The week in charts: Survey finds key drivers for digitalisation A new report from Lloyd's List/Inmarsat revealed the main factors behind shipping's push towards digitalisation. Meanwhile, hydrogen is considered the...
EU emissions trading move could spark wider trade conflicts, ICS warns If the European Commission pushes ahead with the inclusion of shipping into its Emissions Trading Scheme it will strike a...
Ambrey head says armed guards industry needs better oversight The co-founder of UK-based Ambrey, the biggest private armed guards company, has said the industry needs better regulatory oversight, in...
Depressed capesize market trails other bulker segments Given the lower-than-expected iron ore volumes from Brazil, and a hit on coal volumes not only from Australia, the capesize...
Estonia was a casualty of 'organisational culture' failings A review of the 1994 sinking of the ro-ro ferry Estonia has revealed that shortcomings at managerial level were similar...
The Seafarer Seeing 400,000 people left far from home on ships around the world as a result of the Covid-19 pandemic has...
No easy answers for ONE Apus investigation Losses at sea are usually caused by more than a single fault or weakness. When the investigation into the loss...
Australia's Port Kembla ships first grains cargo in two years After a two-year hiatus because of drought, Port Kembla on Australia's east coast announced it has shipped its first major...
Pandemic has accelerated changes in ship finance Sources of shipping finance are not as obvious or as widely available as they once were, according to Larry Rutkowski...
Shell shipping chief Grahaeme Henderson to retire in 2021 Dr Henderson, who appears in today's Lloyd's List Top 100 most influential people in shipping list ranked at number 14...
The Lloyd's List Podcast: The 100 most influential people in shipping The Lloyd's List editorial team offer a behind the scenes insight into the arguments, stories and process that fuelled this...
Why winning maritime's next generation is not above the law Ms Jansen believes in opening doors for the next generation of lawyers. This belief goes back to when she was...
Asia-Europe freight rates surge to new highs Record volumes, port congestion and a lack of available containers have crippled the supply chain. The consequence has been surging...
The Top 100: Homage to Covid's forgotten heroes The hard work, bravery and commitment of the seafarer to the benefit of all means these workers on shipping's front...
Top 10 in ship finance 2020 ESG has gone from buzzword to mainstream this year, with more lending decisions factoring in environmental criteria
Daily Briefing Free to read: MSC super-sized boxship orders pending financial negotiation | Trafigura shipping heads bearish on dry bulk and bet on...
Cosco sells stake in non-shipping leasing unit to focus on core business Cosco Shipping Development says the sale will facilitate its strategic focus to becoming a shipping financing platform. Proceeds will be...
FDA Watch: Trucks poised to roll with Pfizer vaccine shipments Anticipation for the first COVID vaccine is about to be realized and with it a huge ground and air operation to immunize the world. ABI...
US-Canada-Mexico border closures extend to Jan. 21 The closure of the U.S. land borders with Canada and Mexico for nonessential travel will extend through Jan. 21, though commercial trucks remain exempt.
LATAM offers courtesy transport for COVID vaccine shipments LATAM Airlines is offering to move domestic shipments of vaccines for free.
FAA gives priority clearance to flights with COVID vaccines Nobody likes a line cutter, but when it comes to the rush delivery of COVID-19 vaccines, the Federal Aviation Administration is making an exception.
FAA issues dry ice alert to airlines carrying vaccines The more dry ice used to cool a pharmaceutical shipment, the less product that can be carried on a plane. That's because dry ice is...
LPG shipping rates hit 5-year high, topping $100,000 a day It's not just container shipping that's rolling in profits. LPG tanker rates are hitting new highs on Asian demand for U.S. propane.
Global oil demand rebound to accelerate in second half 2021: S&P Global Platts Analytics Global oil demand will rise in 2021, but not enough to surpass 2019 levels as the coronavirus pandemic continues to weigh on transportation fuel demand, especially jet fuel, according S&P Global Platts Analytics.
OIL FUTURES: Crude edges lower as FDA vaccine approval drags, US Congress deadlocks on stimulus bill Crude futures settled lower Dec. 11 as demand outlooks came under pressure, with US pandemic lockdowns spreading and the US Congress deadlocked on stimulus spending.
Europe's TAL pipeline resumes shipping after snow-related glitch: sources The Trans-Alpine pipeline, which ships crude oil from the Italian port of Trieste to refineries in Austria, Germany and the Czech Republic, resumed operations in the morning of Dec. 11 after problems due to heavy snow in the Alps through which it runs, according to sources.
FEATURE: North America LNG export growth ambitions face 2021 test over emissions North American LNG export developers may have a smaller field of potential buyers in 2021 as European utilities appear hesitant to sign new long-term commitments for shale gas amid the bloc's carbon emission reduction goals.
ARA fuel oil stocks fall 10.2% on week to 1.171 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region declined 10.2% week on week to 1.171 million mt in the week to Dec. 9, Insights Global data showed.
SINGAPORE DATA: Jet fuel, gasoil stocks fall to 5-week low on curtailed production, steady exports Singapore's onshore commercial middle distillate stockpiles fell to its lowest in five weeks as curtailed refinery production and steady exports helped to provide some respite to swollen inventories that have been hovering at historical highs for most of the fourth quarter.
Global CO2 emissions expected to rise in 2021 despite renewable energy growth New wind and solar power capacity build will increase globally in 2021, but economic recovery, gas-to-coal switching and low fossil fuels prices will drive energy sector carbon dioxide emissions 1.4 gigatons (4.4%) higher year on year in 2021, S&P Global Platts Analytics said Dec. 11.
UK spec ULSD premium over French spec rises on higher particles count in Baltic supply Premiums for ultra-low sulfur diesel meeting new UK specifications introduced earlier this year have nearly doubled in December due to higher particle counts in diesel cargoes loading out of Baltic ports, according to sources.
TANKERS: Americas Aframax freight set to rise ahead of holiday rush after plunging 47%-56% Abundant charterer inquiry in the Americas Aframax market left sources calling freight for the benchmark US Gulf Coast-UK Continent route higher at w47.5-w52.5 early Dec. 11, after a slew of fixtures set the stage for a long-expected rise in freight for both Upcoast and trans-Atlantic Aframax routes.
Construction of Russia's first LNG bunker vessel reaches final stage Construction of Russia's first LNG bunker vessel has entered its final stage, following the installation of two 2,900 cu m tanks and other cryogenic equipment, producer Gazprom Neft said in a statement.
KRG to resume oil payments as prices recover to $50/b: Genel **Payments will resume with Jan 2021 invoice **KRG had deferred payments for at least nine months **Low oil prices put strain on KRG finances
OIL FUTURES Crude supported by vaccine bullishness despite growing downside risks Crude oil futures were a hair's breadth lower during late morning trading in Europe Dec. 11 from nine-month high closes the day before, as the market tries to balance a bullish outlook on coronavirus vaccines and short-term bearish fundamentals in the oil market.
REFINERY NEWS: Russia's Omsk to process 20.7 mill mt crude oil in 2020 **Higher output of high octane gasoline, winter and arctic diesel, jet fuel and bunker fuel **The plant has significantly reduced fuel oil output
Bunkerworld Index: Marine fuel prices rise as vaccine stokes bullishness on crude **Demand uptick at Singapore not anticipated to last **Tightness at Durban following refinery explosion **Supply constraints in Latin America expected to support prices
FEATURE: Middle East renewables set for 2021 rebound after oil-linked delays **Kuwait canceled a solar tender in 2020 **UAE, Oman, Qatar projects set for next year **Saudi power demand led by residential sector
EU carbon prices hit all-time high as EU Council agrees 2030 emissions cut **Carbon prices rally to Eur31.30/mt **EU nations back 55% emissions reduction by 2030
SINGAPORE DATA: Residue stocks drop 13% on week to 22 mil barrels as fuel oil imports fall **Fuel oil imports fall 15.7% on week **Seasonal demand lull lowers fuel oil exports
S Korea's Hyundai to invest $55 bil by 2025 to develop next-gen hydrogen fuel cells South Korea's Hyundai Motor Co. aims to invest Won 60.1 trillion ($55.2 billion) by 2025 to expand its automotive business, which includes developing a next-generation hydrogen fuel cell system with enhanced performance and durability, the company said on Dec. 10.
VLGC freight rates to Europe, Japan hit 5-year highs **Maintenance, route delays seen as contributing factors **LPG shipments to Asia to remain strong in 2021
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