'Our fraternity assures its wholehearted support to overcome this pandemic & emerge as winners'
PSA India announces revised storage incentives at PSA Chennai, PSA Mumbai & PSA Sical & postponement of tariff escalation at PSA Mumbai
DGFT notifies creation of online platform for all designated Certificate of Origin issuing agencies & all export products
Increase in Scale of Rates at Paradip
JNPT issues clarification on Covid positive patient
Procedure in respect of en bloc rail movement of import containers from Port Terminals / Jawaharlal Nehru Port (JNPT) to ICD, Tarapur (Vaishno Container Terminal), Mahagaon, Boisar and clearance thereof
Procedure in respect of en bloc rail movement of import containers from Port Terminals/Jawaharlal Nehru Port (JNPT) to Container Corporation of India Ltd (CONCOR), Inland Container Depot (ICD), Mulund & clearance thereof
Five European countries cut cruise lines a break on export credit payments The German Federal Ministry for Economic Affairs said today that Germany, along with four other European countries, is allowing cruise lines to temporarily suspend the repayment of export credits. the move is
COVID-19: ICS issues guidance on managing ship and seafarer certificates The International Chamber of Shipping (ICS) has issued guidance for shipowners and operators on managing ship and seafarer certificates during the COVID-19 pandemic. Certificates are important for continuing ship operations because they
Stena offers to convert ferry to hospital ship Gothenburg, Sweden, headquartered Stena RoRo has prepared the design for the conversion of the large vehicle/passenger ferry Stena Saga into a hospital ship with space for 520 patients. It says the conversion
Samsung Heavy books $209.2 million order for two LNG-fueled VLCCs In a regulatory filing today, South Korean shipbuilder Samsung Heavy Industries (SHI) disclosed in its regulatory filing that it has won a contract worth a total of $209.2 million to build two
USMI awarded $108 million special ops boats contract U.S. Special Operations Command has awarded boatbuilder United States Marine Inc., Gulfport, Miss., a $108,000,000 maximum indefinite-delivery/indefinite-quantity delivery order contract (H92405-20-D-0002) with a five-year ordering period for the production of Combatant Craft
Port of Jacksonville counts on diversification as pandemic hits volumes Supply is increasing in Asia, but the port expects lower throughput in April due to lower US demand resulting from...
Tanker released after being boarded by 'armed men' in the Strait of Hormuz The Hong Kong flagged, SC Taipei is thought to be the vessel of concern, with a crew of 22 men
Niarchos foundation launches $100m global pandemic initiative Among the first steps is a $3m grant to the Rockefeller University to bolster its Covid-19 related research projects
Industry alliance seeks political support to defuse seafarer time bomb Despite high-level industry interventions urging governments to recognise the growing crisis of seafarers stranded at sea due to coronavirus restrictions...
Oil industry considers tanker inspection options With health risks and movement prohibitions from the coronavirus possibly lasting for a long time, OCIMF is assessing how it...
PIL denies 'bankruptcy rumours' while defending divestment strategy Responding to speculation about the company, PIL has issued a statement challenging 'rumours' and 'false claims' about a 'potential bankruptcy'
From the News Desk: Will coronavirus accelerate the use of tech in shipping? Adopting new working practices and initiatives, which could have taken years to implement under usual circumstances, could now become the...
Shipping's return to 'normality' is no longer on offer A position paper by Boston Consulting Group's strategy institute identifies six key attributes of successful companies in the post-coronavirus period...
Piracy report warns of 'real threat' to crews 'The threat to crew is real, whether from violent gangs, or opportunistic armed thieves inadvertently coming face-to-face with the crew,'...
Box carrier outlook worsens as pandemic progresses Container lines have lost 4% of last year's volumes already, but as economic activity grinds to a halt, there could...
Singapore bunker sales rebound as China reboots economy Singapore has posted 4.32m tonnes in marine fuel sales for March, which is up year on year from 4.09m tonnes...
AAL to offer charities free freight carriage as part of coronavirus relief efforts Charities, which rely on the goodwill of individual and institutional donors to get help, have been among those hit hard...
Daily Briefing Free to read: Opec cuts and weak oil demand to hit tanker rates | Don't count on a V curve...
PSA to invest $2bn in Saudi Arabia's King Abdul Aziz Port PSA unit SGP started operating one of the container terminals at the port in 2015
Opec cuts and weak oil demand to hit tanker rates Despite the proposed cuts to oil production, there is strong short-term support for tankers from storage economics, says Cleaves Securities
Blank sailings hit port of Oakland's March throughput Just 95 boxships reached the port in March, down 23% against the average of 123.3 containerships for each of the past...
Don't count on a V curve to help navigate the uncertainty 'This could be a long, hard road that we have ahead of us. It is hard for me to see...
Airlines face $314 billion bath as economy dives The airline industry is poised to shrink considerably as revenues evaporate and they are forced to cut costs to the bone.
TT Club loads evidence in cargo security push Global maritime insurer promotes international adoption of container packing and declaration practices to reduce losses.
WHO builds up COVID-19 airlift capacity to help Africa The World Health Organization has air hubs in Doha and Addis Ababa and is pumping humanitarian resources and workers around the world in response to...
How coronavirus 'stress tests' will change ocean shipping Ocean shipping post-pandemic: What changes lie ahead for supply, demand, stocks and debt?
Airlines begin pulling passenger seats to make room for cargo Cargo has had a window view on some international airlines. Now U.S. airlines are looking to load boxes in the passenger cabin when operating in...
Logistics service providers become survivalists Problem-solving supply chain bottlenecks is the way to build customer loyalty, freight experts say.
APM Terminals targets 'logistics logjams' Fee-based storage offered at five North American terminals to assist importers dealing with supply chain disruption caused by coronavirus pandemic.
India's IOC cuts throughput by 50% on coronavirus Indian Oil Corp. the country's largest state-run refiner, reduced crude throughput by 50% at its nine refineries to combat a slump in demand for petroleum products due to the lockdown to combat the coronavirus pandemic, company officials said Tuesday.
Jan-Feb oil product exports down 10.1% on year Russia's refined oil product exports fell 10.1% on the year in January-February to 22.577 million mt, customs data showed Tuesday.
WTI retreats as market weighs lackluster OPEC+ cuts NYMEX WTI futures retreated Monday, but the rest of the oil complex climbed as the market weighed the impact of a nearly 10 million b/d OPEC+ supply-cut agreement against grim global demand outlooks.
March crude imports hit 8-month low of 9.7 mil b/d China's crude oil imports declined to an eight-month low of 9.72 million b/d in March, as the coronavirus pandemic curbed the country's crude appetite, preliminary data from the General Administration of Customs showed Sunday.
Asia LSFO market draws clean fuel feedstock on flagging gasoline demand The Asian low sulfur fuel oil market is drawing in feedstocks for blending into the marine fuel 0.5% pool that typically go into making clean fuels like gasoline, especially low sulfur vacuum gasoil, market sources said Tuesday.
USGC middle distillate flows to Europe at 430,000 mt so far in April US Gulf Coast middle distillate shipments scheduled to arrive in Europe in April as of Tuesday, are expected to be about 430,000 mt, with around 370,000 mt bound for Northwest Europe and 60,000 mt bound for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed.
Crude eases as producer cuts fail to blunt near-term stock builds Crude futures were trading lower midmorning Tuesday as the market focus turned away from the recent OPEC+ supply cuts toward pandemic-weakened demand.
ARA fuel oil stocks jump 15.8% in week to 1.473 mil mt: Insight Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub jumped 15.8% to 1.473 million mt in the seven days to Wednesday, according to data from Insights Global, a near 15-month high as the coronavirus pandemic continues to take its toll on demand.
NYMEX WTI again tests $20/b as oversupply concerns take focus Crude futures settled sharply lower Tuesday amid concerns that the OPEC+ producer cuts would be insufficient to prevent a near-term oil glut.
Bunker fuel inspections expected to drop as coronavirus measures take center stage in shipping The transition to the International Maritime Organization's global low sulfur mandate and the high sulfur fuel oil carriage ban has been relatively smooth so far but inspections are set to drop as the focus has shifted to containing the coronavirus' spread, with safe bunkering practices, crew changes and continuity of the global supply chain in shipping receiving more attention, sources say.
FEATURE: Asian LSFO traders hunt for storage space as oil dives deep into contango "We've received quite a few requests, in the last 2-3 weeks, for crude and fuel oil," a shipowner said.
SINGAPORE DATA: Mar bunker fuel sales rise 11.4% on month to 4.32 mil mt Some suppliers said inquiries are now for 1,000 mt and below compared with 5,000 mt and above in January.
Singapore oil trader Hin Leong faces liquidity issues as banks tighten credit lines: sources Hin Leong has been having difficulty issuing additional letters of credit for the last few days, industry sources said.
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