AC makers commit to export of 50 pc of sales in 5 years
Extension of Boards Circular No.12/2018-customs dated 29.05.2018 for sanction of pending IGST refund claims where the records have not been transmitted to ICEGATE due to GSTR-I and GSTR-3B mismatch error-reg.
Feb. exports declined marginally mainly due to container shortage across the country: FIEO President
Merchandise exports down in February
Railways undertakes successful trial run of double-stacked dwarf container train to JN Port
Sri Lankan Cabinet approves India-Japan joint venture to develop West Container Terminal at Colombo Port
CMA CGM AIR CARGO to make first flight on March 8 from Liege to Chicago
DB Schenker strengthens global flight operations, launches inaugural charter flight solution connecting India to Germany and the US
Integration of road, rail & waterways will bring down cost of transportation logistics: Goyal
Odisha to be hub of maritime trade: Dharmendra Pradhan
Rail freight loading speeding ahead
Air corridors seen playing critical role in deepening economic relations between India & Central Asian economies
Indian economy recovering faster than expected: Principal Economic Advisor
Delhi East CGST officials bust input tax credit fraud
Regional Customs Laboratory to be established in India
DNV supports Hapag-Lloyd's milestone green financing As we reported earlier, Hapag-Lloyd has secured green financing for six containerships on order for delivery from South Korea in 2024. Hapag-Lloyd obtained the favorable financing with the support of DNV which
Weeks wins $24 million Mobile Harbor dredging award Weeks Marine Inc., Covington, La., has been awarded a $24,000,000 firm-fixed-price contract to furnish all the equipment, materials, supplies, and manpower necessary to perform dredging of the Mobile Harbor Navigation Project. Bids
Senators reintroduce Great Lakes icebreaker bill Today, U.S. Senators Tammy Baldwin (D-Wis.), Todd Young (R-Ind.) and Gary Peters (D-Mich.) are reintroducing the Great Lakes Winter Commerce Act, bipartisan legislation that aims to codify the U.S. Coast Guard's icebreaking
Dutch inland waterways vessel set for conversion to hydrogen propulsion Over the next five years, Rotterdam-headquartered Future Proof Shipping B.V. (FPS) has plans to build and operate a fleet of 10 zero-emission inland and short-sea vessels that it will offer for charter.
New report on positioning U.S. offshore wind for expansion ABS has published a report evaluating the U.S. offshore wind industry's readiness to deliver the 40 gigawatts of capacity that the International Energy Agency estimates will be installed by 2040. The report
Progress at Canadian ports This article was written by Marybeth Luczak, executive editor, Railway Age Magazine, an affiliate publication to Marine Log. The Montreal Port Authority's (MPA) Contrecoeur Port Terminal Expansion Project gets the greenlight; Port of
Georgiopoulos unveils hopes for breakthrough emissions project New device has already been trialled on eight vessels and is expected to be on board 20 ships by the...
Just say 'no' to loss-making freight rates, says Frontline Tanker owners are accepting rates so low that they are in effect subsidising oil traders and producers to ship their...
Greek shipping legend Tryphon Kedros dies at 108 'Over the decades he was a significant shipowner but he will also be missed for his charm, his elequence and...
Weekly Briefing: Containers conflab reflections | Oil output hike may not be enough to lift tankers | Dry bulk sees a rainbow ahead The box sector has been busy considering the shifting dynamics across the supply chain and options to ease the logjam...
ABN AMRO shipping head downplays ships as 'stranded assets' ABM AMRO's Joep Gorgels does not expect to see ships becoming stranded assets for 'many, many years' as they will...
Charterers attacked as no crew-change clauses compound seafarer crisis 'When the market is against the owner and you are bleeding, they kneel on your neck... and they impose things...
Scandinavian P&I success down to hard work, says chief 'The business you want to have, you have to work hard to get. The business you don't want to have...
PIL restructuring gets court approval PIL will be majority owned by Temasek-linked Heliconia Capital once its proposed restructuring is complete
BIMCO calls for global market-based measures for emissions BIMCO joins calls to balance the cost of low- or zero-carbon fuels through market-based measures, saying first movers on decarbonisation...
UK announces location of eight new freeports The UK government says new freeports will be located at East Midlands airport, Felixstowe and Harwich, the Humber, Liverpool city...
Shippers advised to lock in capacity early The contract rates of recent years are set to be a thing of the past. Shippers should focus on securing...
OrbitMI teams up with Kongsberg Digital to analyse data Kongsberg's partnership with OrbitMI comes after agreement was reached with Lloyd's List Intelligence to provide shipping and maritime intelligence to...
Maersk Tankers defends donation to NGO at centre of payments probe In a bid to clear up any misunderstanding, Maersk Tankers said it had decided to make a contribution of €125,000...
CMA CGM takes over Tripoli terminal CMA CGM completes acquisition of Gulftainer Lebanon, operator of Tripoli's principal box terminal. The takeover is one of three new...
Dry bulk sector wants charterers to share decarbonisation costs After a decade of challenging markets, extra capital needed to invest in new ships or new technologies was limited and...
Handies and supras rocket on commodity demand and tighter tonnage A spike in oil prices is having a major impact on spot voyage freight rates, and is making 'eco' vessels...
Rail operator aims to bolster North America's marine terminals 'In the case of CN we actually hope it happens that way because we certainly serve the three coasts. We...
Hyundai Heavy agrees blue hydrogen deal with Saudi Aramco CO2 emissions captured in the blue hydrogen production process will be returned to Aramco for extracting crude oil from exhausted...
Daily Briefing Free to read: Liner shipping leaders look to mutual commitments in contracts | Genco chief sees 'perfect rainbow' over dry...
Maritime Markets Outlook: Why tankers need you to take a holiday In this month's edition: Talk of the tanker recovery being kicked out to 2022 will come down to whether EU...
What new boom in vessel sales means to shipping stocks If ocean freight rates have legs, analysts see much more room for the secondhand ship values to run - which should, in turn, boost stocks.
Seattle-Tacoma to congested Southern California ports: We feel your pain Northwest Seaport Alliance reports January exports dropped 13.4% year-over-year.
LATAM Cargo moves up expansion plan for Boeing 767 freighter fleet Boeing 767s are coveted by all-cargo carriers. LATAM Airlines is doing an in-house swap of passenger planes to its cargo division, which will send them...
GSCW chat recap: Investing in container-shipping stocks Jefferies senior analyst Randy Giveans outlines why it is now a particularly good time to buy container-shipping stocks.
GSCW chat recap: Ocean carriers wrest market power from shippers Today's container market chaos underscores the need for enforceable ocean contracts as opposed to loose agreements, argues consultant Tom Craig.
GSCW chat recap: Removing the drama from cargo damage claims Lina Jasutiene, managing director and founder of Recoupex and a former lawyer for the shipping line MSC, explains what shippers can do to successfully pursue...
Infrastructure upgrade: US improves from D+ to C- The American Society of Civil Engineers (ASCE) gave the nation's infrastructure an overall grade of C-, up from a grade of D+ four years ago,...
Brazil's Petrobras starts ULSD expansion at REDUC refinery Brazilian state-led integrated oil company Petrobras started preparations for a massive expansion at the Refinaria Duque de Caxias, or REDUC, in Rio de Janeiro state that is expected to nearly double ULSD production capacity by 2023, the company said March 3.
JAPAN DATA: Feb. 21-27 oil products output rebounds 7.4% on week Japan's oil products output rebounded 7.4% week on week to 17.03 million barrels over Feb. 21-27, the Petroleum Association of Japan said March 3.
JAPAN DATA: Feb 21-27 oil product exports nearly triple to 3.15 million barrels Japan's oil product exports nearly tripled on the week to 3.15 million barrels over Feb. 21-27 from 1.21 million barrels the previous week, data released March 3 by the Petroleum Association of Japan showed.
TENDER DATA: India's BPCL offers LSFO for mid-March loading from Mumbai This is the first time BPCL is indexing a 0.5% fuel oil cargo sale to the Singapore Marine Fuel 0.5% assessment, a company source said.
USGC bunkers pricing continues slide on weaker crude, motivated sellers Spot retail marine fuel pricing in the US Gulf Coast fell for a fourth consecutive session March 2 as pressure came from a receding crude complex, while some sources also motivated sellers dealing with weak demand fundamentals.
CERAWEEK: Pipeline giants see net-zero 2050 goals as possible, not guaranteed Some of the largest oil and gas pipeline companies setting net-zero emissions goals for 2050 acknowledge they do not yet have the technology to achieve their targets, but they said they remain confident their more realistic 2030 goals will keep them on the right trajectory.
OIL FUTURES: Crude jumps over 2% amid bullish OPEC+ expectations, sharp US gasoline draw Oil futures moved sharply higher March 3 as the market increasingly priced in a modest quota increase expected at the March 4 OPEC+ meeting after a key advisory committee issued no recommendation on April output levels.
Bangladesh raises March HSFO imports as warmer weather boosts power demand Bangladesh is likely to import around 350,000 mt of high sulfur fuel oil in March, up from 300,000 mt in February, as a seasonal increase in temperatures boosts power demand, Bangladesh Independent Power Producers' Association president Imran Karim told S&P Global Platts March 2.
UK Storegga joins forces with Japan's Mitsui on CCS in Europe, Asia-Pacific The UK's Storegga -- which is developing the Acorn carbon capture and storage (CCS) project in the UK -- has joined forces with Japan's Mitsui to pursue new CCS opportunities in Europe and the Asia-Pacific region, it said March 3.
Russian March domestic crude pipeline prices surge on month Spot prices for Russian crude oil for domestic loading and delivery by pipeline in March rose Rb4,000/mt ($53.7/mt) month on month, driven by firmer Brent prices which pushed up export netbacks.
CERAWEEK: Jet fuel lagging global petroleum demand recovery As the impact of the coronavirus pandemic ebbs with the rollout of vaccines, global petroleum demand should return to 2019 levels by the end of this year, although jet fuel demand will lag that recovery, industry executives said March 1.
OIL FUTURES: Rally accelerates as US gasoline draw offset Gulf Coast crude build An overnight oil price rally extended midmorning March 3 after a larger-than-expected drop in US gasoline stocks offset the largest-ever one-week build in crude inventories.
Persian Gulf ports expand capacity at twice global rate: KPMG Ports in the Persian Gulf region have expanded their capacity at the twice the global rate as supply growth outpaced demand last year, according to a March 3 report by KPMG Lower Gulf, part of KPMG International.
Japan delivered 0.5% sulfur bunker premium hits 4-month high on berth congestion Tokyo Bay delivered marine fuel 0.5%S bunker fuel premium over benchmark FOB Singapore marine fuel 0.5% fuel oil cargo rose to a four-month high of $31.71/mt on March 2, Platts data showed, mainly due to berth congestions.
Belgium's Fluxys to join HEH's Stade LNG import terminal project in Germany Hanseatic Energy Hub, or HEH, the developer of the planned LNG import terminal at Stade in northern Germany, and Fluxys said March 3 they had agreed for the Belgian gas infrastructure company to join the project as "industrial partner."
FUJAIRAH DATA: Oil product stockpiles slump to 3-month low Oil product stockpiles at the UAE's east coast port of Fujairah dropped to a three-month low, dragged by the biggest drop in heavy distillates since October after fuel oil exports surged in February.
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