Five international freight transport & cargo handling organisations collaborate on container safety improvements
T.S. Lines orders two 1,900-TEU capacity vessels as business grows
Australia opens its doors to Indian pomegranates
DGFT notifies ban on export of all varieties of onions with immediate effect
Exporters from MSME sector facing huge liquidity challenges & need seamless flow of benefits: FIEO
Exports & imports decline in August
Faceless IT assessment working well & here to stay, says Customs official
Cargo handling capacity of Major Ports seeing steady increase: Minister
Chennai Port takes steps to facilitate better movement of export containers
BIAL sees cargo surge
DB Schenker bolsters support for customers in India with global flight operations; provides charter facilities
Global platform to improve visibility of air cargo infrastructure & capabilities launched
IndiGo operates over 1,700 cargo charters since April
Proposed Haryana Orbital Rail Corridor Project will help in developing multimodal logistics hubs & provide high-speed seamless connectivity to Dedicated Freight Corridor network
Coal imports decline in Aug. & five months
Report highlights significant actions to shift gears towards a sustainable & resilient supply chain
Need 8,000 Boeing 747 cargo aircraft to provide a single dose of Covid-19 vaccine to 7.8 billion people: IATA
Laborde expands East Coast Mitsubishi Engine service and support Covington, La., headquartered Laborde Products, Inc. has reached an agreement that will see its Mitsubishi Marine Engines provided with complete service and support by Marine Systems, Inc. (MSI) at its Chesapeake, Va.,
Simulation project gives design-stage insight into vessel carbon footprint A joint development program completed by ABS and South Korean shipbuilder Hyundai Heavy Industries (HHI) will enable shipyards and vessel designers to analyze the carbon footprint of a vessel at the design
VIDEO: Mayfair Autonomous Ship is in the water Ocean research non-profit ProMare and IBM (NYSE:IBM) report that, following two years of design, construction and training of its AI models, the Mayflower Autonomous Ship (MAS) was today lifted into the waters
Gulf Coast prepares for Hurricane Sally The Gulf Coast was today continuing to prepare for the impact of Hurricane Sally. Yesterday, the Captains of the Port had set Port Condition Zulu for both the Port of New Orleans
CROE partners with Oberlin on scrubber washwater filtration Parsippany, N.J., headquartered CR Ocean Engineering (CROE) has formed a strategic partnershio with Pewaukee, Wis., headquartered Oberlin Filter Company. The agreement will provide an automatic, low-maintenance washwater filtration system to supplement CROE's
Senators seek to increase USCG Great Lakes icebreaking U.S. Senators Tammy Baldwin (D-Wis.), Todd Young (R-Ind.) and Gary Peters (D-Mich.) have introduced the Great Lakes Winter Commerce Act. The bipartisan legislation aims to codify the U.S. Coast Guard's icebreaking mission
New agreement could make Cairo, Ill., an inland waterways container hub An agreement announced today could position Cairo, Ill., as a national logistics and distribution hub for the intermodal container shipping industry. The agreement between the Alexander Cairo Port District, Plaquemines Port Harbor
Sanctions-evading Iranian VLCC switches off AIS for entire voyage Iranian ships frequently switch off AIS to disguise vessel movements but this is the first time that an entire voyage...
Casualties will return to normal levels, IUMI told Pandemic only adds to uncertainty making itself felt in 2018 and 2019, on issues such as trade tensions and Brexit...
Will contango trades shield tankers from coronavirus resurgence? Floating storage deployment may be sole driver of fourth-quarter tanker demand if slowing rebound dents exports
Shipping cannot solve crew crisis alone, says Fidelity The $566bn asset manager has joined calls to designate seafarers as key workers as hundreds of thousands remain trapped at...
From the News Desk: Major players push on with company restructuring Norwegian billionaire John Fredriksen has given the clearest signal yet about the future direction of his shipping empire, as Dubai-based...
Marinakis buys boxship trio from NSC Group Evangelos Marinakis' Capital Maritime group is understood to be acquiring the ships privately, while Nasdaq-listed affiliate Capital Product Partners, which controls...
EU votes to include shipping in Emissions Trading System The European Parliament has voted in favor of a proposal to include shipping in the EU Emissions Trading System and...
Forwarders lack capacity for Brexit preparations A survey of UK freight forwarders finds the vast majority are still unprepared for the end of the transition period...
Shipowners' club cuts combined ratio at halfway stage Marine mutual reiterates support for members during pandemic, and promises returns for vessels in lay-up
Imbalances seen amid crew change crisis The general public needs to be made more aware of the essential role of seafarers, a panel of shipmanagers said...
French remote operations demonstrate compliance pathway This is the first French compliance with IMO resolution for trial of MASS vessel. Next step is to validate the...
Lloyd's loses hull market dominance Lloyd's is not only no longer the world's top marine hull market by premium volume, it is not even number...
Daily Briefing Free to read: Carriers summoned by China to curb transpacific mark-ups | Pandemic to knock 1bn tonnes off sea trade...
Clarksons and Arrow to broker Xihe tanker sales The vessels, which are mostly more than 10 years old, comprise three very large crude carriers and four product tankers...
ONE increases services from north Asia into Vietnam The service follows on from a new service from south China into north Vietnam in December. Other carriers have also...
Salvors complete dive inspection of New Diamond Sri Lanka's Marine Environment Protection Authority has carried out hull inspections of the vessel, which has been assessed pollution-free and...
Port of LA secures record month with 961,833 TEUs There were no balloons or cake when the Port of Los Angeles announced its record-breaking August volumes.
House Republicans issue post-election infrastructure plan Under-21 CDL program, ag-hauling flexibility included in Republican infrastructure agenda.
COSCO container ship crew rescues sailors in Gulf of Mexico The Malaysia captain and crew followed instructions from the Coast Guard in the rescue of four people aboard the sailboat Yes Dear.
Breaking News: US drops Canada aluminum tariffs U.S. announces it is dropping tariffs on Canadian aluminum as Canada prepared to unveil countermeasures.
South Carolina Ports encouraged by steady rebound "Our August volumes surpassed expectations, reflecting the best year-over-year month since the pandemic began impacting global supply chains in March," says SCPA President and CEO...
3PLs frustrated by ocean service contracted rate upheaval The National Customs Brokers and Forwarders Association of America said its members are tired of ocean carriers charging them hundreds of dollars over their service...
JAPAN DATA: July bonded bunker fuel oil sales rise 8.8% on month Japan sold 2.72 million barrels of bonded bunker fuel oil in July, up 8.8% from June and up 3.8% from a year ago, Ministry of Economy, Trade and Industry data released Sept. 14 showed.
Asian marine fuel market sees gradual shift from gasoil pricing basis to MF 0.5% The Asian marine fuel market is seeing a gradual but steady shift toward using the marine fuel 0.5% price as a basis for trades rather than the traditional Mean of Platts Singapore gasoil 10 ppm pricing basis, several Asian refiners and traders said Sept. 15.
Intra-Asia container trade weathers COVID-19 storm, trend to persist in H2 In the first half of 2020, when COVID-19 severely disrupted global trade activity, container volumes on the Intra-Asia route were undeterred due to the sustained economic growth in the region and its minimal dependence on exports. The same is to be expected for the second half of this year, with volumes steady, if not higher.
Hapag Llyod announces new rates for India-Europe route, up $150 per unit Container carrier Hapag Llyod announced on Sept. 14 new rates, which are $150 per unit higher for both 20-foot and 40-foot containers, for the Indian subcontinent to North Europe trade route, effective Oct. 1.
APPEC: Benchmark crude price spread dislocation stirs new, unusual trade flows The sharp volatility in outright crude prices and wild swings in benchmark price spreads have laid the foundation for new oil trade routes across the globe, with suppliers selling cargoes into unusual and new outlets, trading experts said Sept. 15 at the S&P Global Platts Asia Pacific Petroleum Virtual Conference.
Global refinery throughput extends fall in August: IEA The global refining throughput continued to decline in August after easing in July, following a "robust" 2 million barrels/day gain in June, and is expected to slowdown in September and October as well due to the impact of hurricane shutdowns in the US Gulf and seasonal maintenance elsewhere, the International Energy Agency said Sept. 15.
North Sea crude traders look to floating storage amid muted local, long-haul demand The North Sea crude market is following the trend of West African barrels and looking to floating storage amid limited demand from both local refineries and long-haul demand in the East.
Oil-product barges loading at 50% capacity on low Rhine, freight low but rising Oil-product barges on the Rhine are having to load at 50% of capacity due to low water levels which was increasing barge freight rates but they remained low due to the lack inland demand for gasoil and diesel, sources said.
More than 25% of US Gulf oil, gas production offline ahead of Hurricane Sally US Gulf of Mexico producers have shut in roughly 27% of offshore oil and natural gas output ahead of the landfall of Hurricane Sally, which was slowly heading towards the Alabama coast Sept. 15, according to the US Bureau of Safety and Environmental Enforcement.
ARA gasoil barges at three-month high versus cargoes Gasoil barges in the Amsterdam-Rotterdam-Antwerp hub have risen to a three-month high versus cargoes amid a mix of factors on both the supply and demand sides of the market.
INTERVIEW: UAE's Abu Dhabi to produce one-third of power from clean energy in four years Abu Dhabi, the oil-rich emirate in the seven-member UAE federation, plans to generate a third of its power from clean energy, including nuclear reactors, in four years, a government official told S&P Global Platts, as the country diversifies its energy mix and frees up oil and gas for export.
IEA downgrades 2020 oil demand as outlook darkens Renewed weakness in oil demand led by China and India and concerns over the persistent challenges of the coronavirus pandemic have dimmed the outlook for the oil market, the International Energy Agency said Sept. 15.
APPEC: Asian refiners need flexible fuel output, trading strategies amid prolonged demand uncertainty As Asian refiners continue to fret over volatile refining margins and fragile oil demand recovery during the coronavirus pandemic, they must adopt a flexible approach to shift their oil product slate and output volumes to best serve the changing market conditions, industry participants said Sept. 14 at the S&P Global Platts Asia Pacific Petroleum Virtual Conference.
OIL FUTURES: Crude climbs 3% as Sally approaches US Gulf Crude prices surged nearly 3% Sept. 15 as Gulf of Mexico operators shut in more than a quarter of offshore production ahead of Hurricane Sally.
Hong Kong marine fuel 0.5%S differentials rise in Sep on higher costs, less supply Despite weak demand in Hong Kong since the 14-day quarantine rule for cargo ships, marine fuel 0.5%S delivered bunker differentials to Singapore 10 ppm sulfur gasoil rose from August to September due to higher import costs and supply cuts, market sources told S&P Global Platts.
Singapore front month Marine Fuel 0.5%S contango narrows as stocks drop The front month October-November Singapore Marine Fuel 0.5%S derivative spread stood at a six-week high of minus $1/mt at the Asian close on Sept. 14, Platts data showed, on the back of plunging residue stocks.
Global fuel oil demand to fall 6.3% in 2020: IEA Bearish tanker markets are likely to roll over to the fourth quarter amid limited signs of recovery in oil prices and structural oversupply weighing on spot markets.
ECUADOR DATA: July crude output at 521,000 b/d, down 3.7% on year Ecuador produced on average 521,000 b/d of crude during July, a 3.7% decrease from the 541,000 b/d it pumped in July last year, but a 1.2% increase from 515,000 b/d produced in June, according to data available Sept. 15 on the central bank's website.
Dirty Tanker Shipping Quarterly: Owners Pin Hopes on Storage Uptick Bearish tanker markets are likely to roll over to the fourth quarter amid limited signs of recovery in oil prices and structural oversupply weighing on spot markets.
Brazil's Petrobras slashes E&P spending in 2021-2025 to $40B-$50B Petrobras will slash exploration and production investments by as much as 37.5% over the next five years amid expectations for reduced global demand and lower oil prices, the Brazilian state-led company said in a revised spending outlook.
TENDER DATA: Ecopetrol offers ULSD for October loading Ecopetrol offers ULSD for October loading.
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