Bahri adds new dry bulk carrier to its industry-leading fleet
Baltic Exchange launches new ship operating expenses assessment for LNG & LPG tankers
RCL registers increase in net profit & revenue in Q1
DGFT notifies extension of deadline for import of additional quota of urad lentil
Exports slump, cargo handling at Major Ports takes a hit in April
Provisional Assessment of consignments originating from China under claim of duty exemption on the basis of Country of Origin Certificate issued under Asia- Pacific Trade Agreement
Import-laden containers moved from JN Port Terminals to Container Freight Stations (CFSs) and cleared by importers from March 23 to May 15, 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 15, 2020
Deutsche Post DHL Group maintains profitable growth trajectory in Q1
Draft National Logistics Policy to be revisited, says Special Secretary (Logistics)
Infrastructure logistics & capacity building for agriculture & food processing sectors to be strengthened
Some of the stimulus measures announced by the Finance Minister last week
Mare Island Dry Dock wins $33.5 million Navy contract Mare Island Dry Dock LLC, Vallejo, Calif., has been awarded a $33,532,308 firm-fixed-price contract for a 150-calendar day shipyard availability for the regular overhaul and drydocking of the submarine tender USS Emory
U.S. issues guidance on illicit shipping and sanctions evasion practices AIS spoofing, painting over ships' IMO numbers and names, and "flag hopping" are just a few of the tricks of the sanctions-busting trade. Yesterday, the U.S. Departments of State and Treasury, and
Hornblower Group names new CEO Kevin Rabbitt has been appointed CEO of small passenger vessel specialist Hornblower Group. He is expected to take up the role in July, while founder, Chairman and current CEO Terry MacRae will
Baleària aims to be first shipping line with BV COVID-19 safe certification Spanish ferry operator Baleària says it will be the first shipping line in the world with Bureau Veritas certification that its ships and facilities are COVID-19 safe spaces. The news follows the
Conrad reports profitable first quarter Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) reported net income of $414,000 for the quarter ended March 31, 2020, compared to a net loss of $307,000 during the
Two German yards combine their naval activities In a step towards consolidation of naval shipbuilding in northern Germany, Bremen-based Lürssen Group and German Naval Yards Kiel plan to combine their existing military and naval surface shipbuilding activities into a
Has the capesize market found a floor? While the Baltic Capesize Index has flipped back above zero, current earnings represent only 0.9% of 2008's golden year
Sovcomflot sees stronger second quarter after profit spike Russian shipping giant sees profits jump by 65.6% in the first quarter of the year as crude and product tanker...
'The only way to survive is take out cost' - Hapag-Lloyd chief Taking costs out of the system early has put Hapag-Lloyd on a firm footing in the second quarter as it...
Dry bulk market weathers Norway fund's shift from mining If there is a shift away from any dry bulk infrastructure or industries related to steel-making or coal, then that will...
The week in charts: Maersk's stark warning for months ahead; capesizes plunge Maerk's chief executive Søren Skou is confident the Danish group is well positioned to ride out the coronavirus storm
China leasing lenders here to stay despite pandemic downdraft There have been more new orders placed by lessors in China this year as they seek to build a direct...
Crew repatriation dilemma drives supply chain planning A UN Global Compact webinar identified immediate threats to the supply chain, showing that changes to the way of working...
Sierra Leone flag targeted by sanctions-busting tanker Sierra Leone is the newest registry favoured by ships tracked shipping Iranian crude and liquefied petroleum gas
Global port throughput forecast to drop 8% in 2020 Port activity should improve through the second half of the year as lockdowns are lifted, and stimulus packages kick in...
The Lloyd's List Podcast: Coronavirus is catalysing innovation in shipping Shipping's new normal of remote working may turn out to be more efficient than the air-mile eating customs of old...
Saudi crude fleet in US Gulf as May exports slashed Seven VLCCs have so far arrived and are at anchor in waters off Houston and New Orleans
HMM warns of weakening market after narrowing losses Company has narrowed its first quarter of the year net losses to about $55m, but liftings dropped sharply because of...
Daily Briefing Free to read: Euronav insists on long-term commitment to public market | Tanker downturn likely as floating storage reaches peak...
Bangladesh fossil fuel imports to double in a decade Coal demand is set to rise more than four times to 12m tonnes of oil equivalent, with Indonesia and Australia...
Coronavirus is the 'everything shock' for years to come The industry's working assumptions of recent decades are no longer givens
RCL returns to profit in first quarter Reducing the number of sailings helped the group to adjust supply and save on bunker costs
Hapag-Lloyd net income falls 74% on higher fuel costs Hapag-Lloyd expects significant headwinds in the second quarter of the year because of the coronavirus pandemic, but says its earnings...
LNG bunkering makes progress in Asia Pacific Kogas has begun to install loading arms for bunkering operations at Tongyeong, while Western Australia is slashing port dues for...
Wallenius Wilhelmsen in the red in first quarter Norway-headquartered ro-ro company hopes its efforts to idle, lay up, recycle and slow-steam ships will help stem the loss
US oil production suffers as home orders reduce demand The benchmark West Texas Intermediate crude oil average spot price fell 50% from $58 per barrel in January 2020 to...
Container import roller coaster: down, up, down ... up? Box import volumes may be falling fast, but there are glimmers of hope.
FreightWaves Flashback 1973: Piper Aircraft delivers its planes in 40 ft. containers Piper Executive Victor C. McCollum outlined how improvement in containerization could further benefit his company and its distributors abroad.
Boeing to help airlines keep airplanes disease-free Airlines need to reassure customers that airplanes are safe from coronavirus to win back their business. Enter Boeing, with its Confident Travel Initiative to help...
HMM lessens first-quarter loss European Commission scrutinizing financial incentives from South Korean government
Shanghai Pudong airport continues to choke on COVID cargo Shanghai Pudong Airport is getting crushed by heavy cargo volumes. Add to the mix a lot of red tape for export clearance and shipments are...
Imperial Logistics sheds European waterway operations "Inland waterways shipping does not fit into Imperial's future development strategy," said CEO Hakan Bicil.
Higher costs hurt Hapag-Lloyd more than coronavirus in Q1 German carrier is cutting costs and counting cash as the economic impact from the pandemic is expected to hit Q2 results.
IMF develops real-time intel on container, tanker, bulker moves "Nowcasting" platform uses ship-tracking data to detect coronavirus fallout.
Coronavirus risks cloud Hapag-Lloyd's outlook after volatile Q1 bunker costs Hapag-Lloyd is pinning its hopes on an upturn in demand for container shipping services in the second half of the year after a mixed start to 2020, including the negative impact from higher bunker bills but also boosts from higher transport volumes and freight rates.
Singapore's residue stocks jump 13.9% on week at 25 mil barrels on weak demand Singapore's commercial onshore residue stocks jumped 13.9% week on week at 24.987 million barrels, or 3.93 million mt, as of May 13 amid weakening bunker demand, showed the latest data from Enterprise Singapore, released late Thursday.
Namibia's oil product storage terminal delayed by pandemic Namibia has been forced to delay the commissioning of its new oil product storage terminal after the COVID-19 pandemic halted work to test the completed faciltiy, the country's Minister of Mines and Energy Tom Alweendo said Friday.
Bleak outlook for tankers may widen low/high sulfur bunker fuel spread: Navig8 Developments in difficult tanker markets were likely to widen the spread between bunker fuels, Paul Marsh, Research Director at shipping company Navig8 said, with scrubber installation delays to dampen high sulfur fuel demand and production cuts for oil and related products amid the coronavirus pandemic expected to hit the wider demand for ships and the fuel that powers them.
Port of Corpus Christi sees crude exports plunge 35% and counting Crude oil shipments from the United States' top oil-exporting hub have plunged 35% since the first quarter with more declines expected this summer as the impacts of the coronavirus pandemic continue to ripple throughout the industry.
Aframax carrying first US crude export to Belarus to depart Texas on Sunday The US will export its first crude oil cargo to Belarus this weekend after an agreement between the two governments in February to increase trade of American goods to the landlocked Eastern European country.
OIL FUTURES: Oil rally extends on improved China demand, tightened US supply outlooks The oil complex again settled higher Friday as the market eyed stepped-up Chinese crude demand and tightened US supply outlooks.
Nigerian crude sold to China in atypical move amid low flat price, higher Angolan values Demand from China for West African crude continues to grow on the back of a low flat price, with some Nigerian barrels in floating storage sold into the Asian country in an unusual move, said traders.
May ULSD imports into the UK, France even lower than in April: Kpler Energy research firm Kpler said Friday it estimated imports of ultra-low sulfur diesel into the UK and France in May would be lower than in April at 320,000 mt and 360,000 mt, respectively, which represents a year-on-year plunge of around 61%.
Brazil's Petrobras expects to sell eight refineries in 2020 Brazilian state-led oil producer and refiner Petrobras expects to sell eight of the company's 13 refineries by the end of 2020, with international oil companies, fuel distributors and traders maintaining interest despite the coronavirus pandemic, company executives said Friday.
External: Global Risk Management
Indian refiners produce more naphtha with lower paraffins with crude slate change "Kochi naphtha export [volumes] are normal but the paraffin content dropped because of the crude change," said a BPCL source.
Bunker fuel demand to fall 5% on year in 2020, but stay stronger than other transport fuels: IEA Bunker fuel demand is forecast to fall 5% this year, far less than other fuels, with some sectors.
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