GAC inks Global Network Agent agreement in Bangladesh to expand coverage in Indian Subcontinent
Guidance issued to ensure safe shipboard interface between ship & shore-based personnel
MSC offers new trade finance solution for Indian cargo shippers
Yang Ming reinforcing container business operation & strengthening operating structure
Import-laden containers moved from JN Port Terminals to Container Freight Stations (CFSs) and cleared by importers from March 23 to May 13, 2020
Procedure to issue EDI Port Clearance/Advance Port Clearance
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 13, 2020
Qatar Airways Cargo transports vaccines to India amidst the Covid-19 crisis
DPIIT looking into merits of proposals on FDI restrictions
Pandemic reduces global trade values, commodity prices
China exempts 79 American products from 2nd round of retaliatory tariffs
Rand Logistics completes American Steamship acquisition GATX Corporation (NYSE:GATX) today announced that it has completed the sale of its American Steamship Company (ASC) business to Rand Logistics, LLC for approximately $260 million in cash proceeds, subject to customary
Carnival announces layoffs, furloughs and salary cuts Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today reported a number of additional actions it is taking to strengthen its liquidity position in the event of an extended pause in cruise
Hornbeck Offshore takes another step towards Chapter 11 reorganization Hornbeck Offshore Services Inc. (OTCQB:HOSS) reported yesterday that it has launched a solicitation of votes from its lenders and unsecured noteholders in support of a prepackaged Chapter 11 plan of reorganization. The
Towboat collision underscores importance of accurate AIS data entry and display A recent collision on the Mississippi River has prompted the Coast Guard's Office of Investigations & Analysis to issue a Marine Safety Alert (04-20) that says the incident serves as an important
Alfa Laval steam solution supports low-sulfur fuel use in Seaspan containerships Seaspan Ship Management has turned to Alfa Laval to help it resolve steam balance and redundancy issues encountered with low-sulfur fuels. The comprehensive solution-an integrated steam boiler plant comprising oil-fired steam production,
Hartmann orders ME-LGIP engines for newbuild LPG tanker trio MAN Energy Solutions is to supply MAN B&W ME-LGIP (Liquid Gas Injection Propane) dual-fuel engines for three 5,000-cubic-meter LPG tankers currently under construction at the CIMC-SOE shipyard in Shanghai for Hartmann Gas
US alerts shipping to illegal 'sanctions evasion practices' US agencies have issued a global advisory to the maritime industry alerting it to 'deceptive shipping practices used to evade...
Euronav chief committed to public equity markets Euronav chief executive rejects any suggestion of going into private ownership and says the company's dividend policy is part of...
Diana ready to 'play defence' as dry bulk market tips into uncharted territory Options include selling more ships, say executives, pointedly playing down any prospects of a recovery in six months' time
Yang Ming underscores state backing amid first-quarter losses Yang Ming net losses in the first quarter have widened to $27.2m after two consecutive years of losses, while volume...
Torm expects product tanker rates to soften Clean product tankers being used for so-called 'dirty' trades hit the highest since 2013
Trading with North Korea will invalidate P&I cover Washington is likely to ramp up shipping sanctions aimed against the communist country ahead of US presidential elections in November
China port volumes weaken amid pandemic headwinds The results are in line with carriers' expectation of greater volume losses in the second quarter
Tanker downturn likely as floating storage reaches peak With seaborne crude exports falling over May and further cutbacks scheduled in June, the release of tonnage from floating storage...
Disabled LPG carrier and crew abandoned off Manila Spanish shipowner Global Gas says the crew have been supplied, while ITF says they were abandoned
Cargill says coronavirus puts squeeze on sustainability goals The leading charterer sees decarbonisation momentum persisting and pandemic accelerating the trend
Troubled Ocean Tankers to raise cash from vessel sale Ocean Tankers struggles to cope with repercussion from having issued bills of lading for Hin Leong's cargoes carried on board...
Daily Briefing Free to read: Skou confident carriers can maintain capacity discipline | Maersk warns of looming sharp drop in container volumes...
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' - Navig8...
Angeliki Frangou encouraged by shrinking capesize fleet Capesize fleet reduction has resulted from accelerating non-deliveries and scrapping of vessels alongside Vale's recent announcement of its intent to...
Key investments render North and South Carolina ports 'big-ship' ready The ports of Wilmington and Charleston see long-term investments as the key to resilience in the face of adversity created...
Port of Long Beach volume down 17.3% in April San Pedro Bay complex braces for more blanked sailings as coronavirus pandemic rages on.
Yang Ming reports $27 million loss Taiwanese carrier among Asian container shipping lines criticized for government subsidies.
Delta to retire 777 fleet by year's end Delta Air Lines is bidding adieu to the 777. The airline will be smaller for the next few years, so it doesn't need its big...
Reefer volume and ship size up in North Carolina Ports authority reports refrigerated container record and largest vessel call.
US airlines aim to keep it clean during COVID-19 "We remain committed to achieving our aggressive climate and sustainability goals," said Nancy Young, Airlines for America's vice president of environmental affairs.
Commentary: Trade flow and the warning flares it signals CNBC's Lori Ann LaRocco writes about the impact of COVID-19 on U.S.-China trade, particularly in regard to the trade war between the two nations.
ICAO calls for sanitary sky corridors to expedite critical cargo flights International aviation authorities and health experts are trying to create public health corridors in the sky through the application of multi-layers of sanitary and hygiene...
Chevron launches USGC offshore bunkering as prices dip to new lows Chevron Marine Fuels has begun offering an offshore bunkering option on the US Gulf Coast, with shipping traffic at a standstill amid pandemic demand destruction, the company said.
PDVSA awaits Iranian gasoline to calm thirsty Venezuelan market Venezuela is expecting gasoline imports from Iran to help fill a supply shortage that has caused protests to breakout in Caracas, the capital, sources said Thursday.
OIL FUTURES: WTI surges to five-week high amid improved demand, supply outlooks Crude settled sharply higher Thursday amid optimism that fast-than-expected producer cuts and improved demand outlooks could create a supply deficit before year's end.
Peak drop in global oil refining shifts to May, recovery seen in June: IEA The International Energy Agency said Thursday that the peak of the drop in global oil refining activity has shifted to May.
US warns energy, metals industries of sanctions risk from 'illicit shipping' The US government warned the global maritime, energy and metals industries Thursday to be on guard for "illicit shipping" schemes that expose them to sanctions risks, particularly with trades involving Iran, North Korea and Syria.
Danish oil product tanker company Torm says rates rising in Q2 Danish oil-product tanker company Torm said Thursday that freight rates were continuing to power ahead into the second quarter after it cruised to its strongest Q1 results in a decade.
Persian Gulf ULSD cash differential rebounds from record lows on tightening supply The cash differential for 10 ppm sulfur gasoil loading from the Persian Gulf has rebounded from record lows, with signs of improvement coming on the back of tighter supply balances, said Asian middle distillate sources Wednesday.
Low LSFO prices in S Korea amid ample supply attract north Asia buyers An increased month-on-month supply of marine fuels in South Korea this month has dragged down marine fuel prices, drawing demand from bargain hunters across north Asia.
USGC high sulfur fuel oil M1 swap crack strongest in 10 months despite thin liquidity High sulfur fuel oil markets have seen a rebound in prices and crack spreads in May, though several market participants have said that the movement seems divorced of current market fundamentals.
External: Global Risk Management
Will bunker prices go into negative territory? Recently we saw the US WTI crude contract for May drop into negative territory. These remarkable prices were driven by low storage availability and flurry of sellers looking to close their positions ahead of expiry.
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