Emergency relief fund launched to support seafarers & their families impacted by the Covid-19 pandemic in India
IMO meeting focusing on containers lost at sea
Shipowners lament breakdown of minimum wage talks with seafarers
Berthing of Capesize & Baby Cape vessels at Paradip Port
MANSA lauds Mumbai Port's Indira Container Terminal for introducing vessel berthing at night
Maximum permissible draft at Dighi port
A.P. Moller-Maersk delivers exceptionally strong performance in Q1 2021 with record profit
Deutsche Post DHL Group has best quarter ever
New portal tracks Covid-19's impact on trade & development
RBI measures to extend easy credit seen easing liquidity crunch, boosting health infrastructure & economy
Ad hoc Exemption No. 04/2021-Customs valid till 30.06.2021 from IGST on imports of certain COVID-19 relief material authorised by State Governments subject to specified conditions
Cabinet approves strategic disinvestment & transfer of management control in IDBI Bank
Import of Covid relief material as donation exempted from IGST
SEACOR Power: Salvage ops begin Salvage operations on the capsized lift boat SEACOR Power have gotten underway. Among the assets deployed is another SEACOR lift boat, the SEACOR Eagle. It is staged with gear near capsized vessel
Carnival Cruise Line ships to get a new look Following the reception given to the striking red, white and blue livery adorning its 5,200 passenger, LNG-fueled Mardi Gras, another Carnival Cruise Line ship will soon receive the dramatic hull design scheme
GAC plans to issue RFP for Jones Act LNG bunkering barge Puget LNG, LLC and GAC Bunker Fuels Limited have signed a Memorandum of Understanding to cooperate in the supply and sale of LNG marine fuel from Puget LNG's terminal to GAC's customers
Lack of continuous monitoring seen in $900,000 shipyard fire A shipyard fire that broke out aboard a 1978-built dive support vessel last year was able to start and spread without notice because no one was continually monitoring the vessel while fire
Buttigieg Nomination Points Way To Greener DOT January 2021 President-elect Joe Biden seems to have hope that Pete Buttigieg, former presidential candidate and former mayor of South Bend, Ind., could help him sell Congress on a massive job-creating investment
Biden Admin's Jones Act Affirmation Brings Wave of Relief February 2021 As we report in both this month's Inside Washington and Inland Waterways columns, the Biden Administration has been loud and clear in its affirmation of the Jones Act. Secretary of
Senators Reintroduce Great Lakes Icebreaker Bill March 2021 On March 3, U.S. Senators Tammy Baldwin (D-Wis.), Todd Young (R-Ind.), and Gary Peters (D-Mich.) reintroduced the Great Lakes Winter Commerce Act. The bipartisan legislation aims to codify the U.S.
Ever Given Freed, But Seafarers Still Stuck April 2021 A few short weeks ago, the entire world was transfixed by images of one of the largest containerships on the globe blocking the Suez Canal for six days, causing an
Nichols Brothers launches fourth Foss ASD-90 tug Set to join the Foss Maritime fleet later this month, the M/V Rachael Allen was launched by Nichols Brothers Boat Builders (NBBB), Freeland, Wash., on April 29. The vessel is the final
Fund aims to raise $1 million for seafarers hit by India's COVID-19 crisis Leading seafarer welfare charities and shipping industry players have launched an emergency relief fund in order to support seafarers and their families devastated by the COVID-19 pandemic in India and other countries.
Global crew changes paralysed by pandemic 'chaos' 'Crew logistics has almost come to a halt, the challenges are intractable,' says leading shipmanager
Shipowners call for EU-India scrapping deal European shipowners urged the EU to help lift living and working standards at South Asian beaches, rather than trying to...
UK government urged to step in as furore builds over LOF threat Lloyd's faces negative reaction to proposed closure of LOF's supporting framework as concern over safety, the environment and London's reputation...
Denmark wants emission rules to target fleets, not individual ships Denmark wants incoming emissions measures to also apply on a fleet-average basis rather than only on individual ships, as it...
Maersk's integration strategy begins to pay off Maersk bet the farm on selling off non-core assets and focusing on container logistics. The gamble appears to have worked...
Stakeholder self-interest is damaging industry progress The dire situation for Indian seafarers has prompted charities and leading industry players to set up an emergency relief fund...
Egyptian court rejects Ever Given arrest appeal Tailback ships remained on-hire, while routing round the Cape of Good Hope did constitute deviation and charterers will have no...
Tanker rates recovery elusive as owners struggle in first-quarter 'Demand [for crude] is partly being satisfied by drawing down on inventories, resulting in reduced demand for transportation,' DHT said.
Shipowners rank LNG as top fuel in energy transition Despite concerns over methane slip from the maritime industry's use of LNG, by emissions profile, the gas still outperforms methanol...
Daily Briefing Free to read: Dry bulk freight futures soar as trading volumes hit 13-year high | GMS defends Maersk scrapping record...
Maersk posts record first-quarter earnings An exceptional market situation continues to drive demand and freight rates during a period of bottlenecks and shortages. The disruptions...
Shipyard earnings feel impact of steel price spike Prices for ship plates have jumped more than 25% since December, while mark-ups for fresh tonnage have been largely in...
Congress pursues hearings on US maritime funding needs US ports 'require better landside and waterside connections to facilitate trade and to remain globally competitive,' said Earl Blumenauer, chairman...
Shipping industry backs seafarer emergency fund for India Shipping industry groups join coordinated effort by seafarer charities to raise funds to alleviate the impact of the coronavirus crisis...
ILA lawsuit throttles South Carolina container terminal traffic In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of...
Boeing, IAI expand production lines for 737, 777 freighter conversions Aircraft conversion houses tear apart passenger aircraft, then reinforce the walls and floor so they can handle heavy cargo on the main deck. Business is...
Purolator adds turboprop freighters to cross-border air network Purolator is considered the FedEx or UPS of Canada. The express delivery company has hired an airline to help it move more packages between the...
'The best quarter ever' for container shipping giant Maersk Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
Titan LNG plans for Zeebrugge bunkering barge with bio-LNG capability Titan LNG will supply an LNG bunkering barge to the port of Zeebrugge, Belgium, and to additional ports in the English Channel, the Dutch company has said.
Singapore Marine Fuel 0.5%S cash differential flips into discount after 4 months on weak demand, high stocks The cash differential of Singapore Marine Fuel 0.5%S slipped into a negative territory on May 4 for the first time since Dec. 23, 2020, due to high inventories and weak demand, S&P Global Platts data showed.
LNG market upheavals push Asian buyers to seek more legal protection in contracts The price extremes of the Asian LNG market in the past year, due to the pandemic-driven demand destruction of 2020 and winter demand spike of early 2021, created friction between buyers and sellers that are likely to feed into negotiations as more LNG contracts get signed.
Open interest for front month Singapore gasoil on ICE drops 11.36% on month in April Open interest for front-month May Singapore gasoil contracts on the Intercontinental Exchange declined 11.36% month on month to 56.81 million barrels in April, the latest ICE data showed.
H2 Green signs UK hydrogen fueling station supply agreement, eyes diesel displacement Renewable hydrogen company H2 Green has signed a non-binding strategic agreement to supply green hydrogen to refueling company Element Two in the UK, it said in a statement May 5, as it eyes decentralized supply and storage that could displace diesel in heavy transport.
OIL FUTURES: WTI slides as tepid US product demand offsets large crude draw Crude futures settled mixed May 5 as an unexpected US gasoline build added headwinds to an overnight rally.
FUJAIRAH DATA: Oil product stocks climb to 2021 high on signs of slowing exports Fuel oils dominated shipments last month at 260,000 b/d.
DUTCH DATA: LNG Rotterdam Q1 bunker sales soared on year **Sales of 0.5%S FO increased 3% on year **LNG could reach 14.5 million mt/y in 2030: S&P Global Platts Analytics
Maersk sees Q1 strength persisting through year; plans container purchases **Bunker costs look set to rise, trimming profitability **Company purchasing more containers to boost reliability
RUSSIA DATA: April refining throughput rises 6.3% on year to 23.279 million mt The year-on-year rise in throughput was due to run cuts last year.
EU to lift 2030 renewable energy share target to 38-40% from 32%: leaked document **Headline figure as calculated by EC's impact assessment **Would require 452 GW wind capacity: WindEurope
OIL FUTURES: Brent up near $70/b after US API stocks data A weekly report from the American Petroleum Institute on May 4 showed US crude oil inventories fell 7.69 million barrels in the week to April 30.
Shipping industry confident of LNG's role in finding decarbonization pathway: ABS **LNG scalability, supply, technology readiness favor use **LNG viability proven on well-to-wake basis
ANALYSIS: Oil in floating storage swells to five-month highs as stock draws ease **Some 113 million barrels of crude in tankers, highest since mid-Nov **Port congestion continues to push Asian volumes higher
Second wave of scrubber installations to support HSFO sales despite cleaner fuels shift **4,006 ships currently fitted with scrubbers: BIMCO **Singapore Hi-5 spread mostly above $100/mt to date in 2021
INTERVIEW: Braskem to evaluate results of first carbon-neutral naphtha trade Carbons offsets are currently just one avenue for the Brazilian company, as it looks to reduce its carbon footprint.
Asia bunker delivered premiums tank on poor demand, ample supply: traders "China seems to be too aggressive, premium levels are a disaster," a South Korea-based bunker supplier said.
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