Digitalisation in shipping is a reality & necessity, stress industry heads
SCI profit surges in Q2
Cotton exports seen dropping
Utilisation of MEIS scrip for import in absence of mandatory recording of transfer details facility on DGFT website
APSEZ ports boost throughput in Oct. & 7 months
Milaha Maritime & Logistics' net profit up
Standard Operating Procedure (SOP) for Handling (Storage, Transport and Examination) of Un-claimed, Un-cleared, Suspicious and Detained Import Containers lying at various CFSs/Port area
Wiz freight carving a niche in digital freight forwarding for cross-border logistics
India's GDP estimated to grow by 8.3 pc in FY 22: World Bank
Govt urged to ensure that legitimate business decisions by bankers are not questioned in hindsight
Indian Register of Shipping makes organisational changes to aid growth strategy
Navy relieves command leadership team of sub that struck seamount After an investigation determined that the "submerged object" struck by Seawolf-class fast-attack submarine USS Connecticut (SSN 22) on October 2 was an uncharted seamount, the Navy has relieved the boat's command leadership.
DEME and Prysmian win $1.9 billion Dominion Energy offshore wind award Dominion Energy Virginia, a subsidiary of Dominion Energy Inc., has awarded the largest offshore wind installation contract thus far to a consortium made up of Belgium's DEME Group and Milan, Italy, headquartered
NTSB reports on deadly collision between fishing vessel and Odfjell tanker The National Transportation Safety Board issued Marine Accident Brief 21/21 Thursday for its investigation of the Jan. 14, 2020, fatal collision between the 37,395 dwt Odfjell managed chemical tanker Bow Fortune and
Leadership change at Fincantieri Bay Former Austal USA president Craig Perciavalle is to take the helm at Fincantieri Bay Shipbuilding following Todd Thayse's decision to retire after 10 years as vice president and general manager and a
First Movers Coalition ups pressure for zero emission shipping Another day at the COP26 conference and another signal that the pressure is on shipping to decarbonize-with, or without, IMO beefing up its GHG reduction targets. Shipping is a key focus area
Kotug offers pusher tug series with swappable batteries Under an MoU just signed with Vancouver, B.C., based Swift Clean Energy, Rotterdam-headquartered towage and marine services specialist Kotug International B.V. is to offer swappable batteries as an option on its E-Pusher
Crowley Cares Foundation takes on food insecurity By Leah Grigsby Collins, Marine Log When the Crowley Cares Foundation-the charitable and volunteerism arm of Crowley Maritime Corporation-saw food insecurity facing the military family community in Jacksonville, Fla., they decided to
Exports hit by 'market distortion' of shipping lines toward US imports The number of loaded export containers shipped from the ports of Long Beach and Los Angeles is down 17% from...
Message to Ms Thunberg: Shipping's getting there slowly The Swedish climate activist's suggestions about where to stick climate change are clearly anatomically unfeasible. But five days of 'blah...
Iran tankers 'hijacked' over US-linked cargo dispute Satellite images show the very large crude carrier Sothys transferred a cargo to an Iran-flagged ship
Capital Product boosted by expansion in boxships and LNG carriers LNG expected to play 'key role' in transition to net zero, says chief executive
Eagle Bulk bumps up dividend in lucrative quarter Under its new dividend policy, the company has increased its dividend to $2 per share. That is based on the...
Peel Ports sets out decarbonisation goals The operator of several port facilities in the UK wants to reach net zero by 2040. It is already investing...
Cosco promotes long-term contracts as pandemic pushes need for commitment Carriers are securing more long-term volumes from shippers that are taking supply chain stability more seriously nowadays amid the lockdown...
Container demand: Only in America September usually marks the end of the peak season. At a global level, the peak appears to have both started...
Breaking: Congress approves $1.2 trillion infrastructure bill Congress approves provisions allowing under-21 truck drivers - as well as guidance on truck brokers and freight dispatchers - in a five-year highway bill that...
Lawmaker proposes emergency port trucker bill for 18-to-20-year-old drivers As the holidays loom, a congressman wants to eliminate legal hurdles banning 18-to-20-year-old truck drivers from moving containers in and out of ports.
Tacoma marine terminals impose $300 surcharge on container overstays Private marine terminals in Tacoma are putting more pressure on importers to pick up containers that are left for weeks and choking the movement of...
New coalition hopes to create demand drivers for sustainable solutions "The customer demand will change so much faster than the industrial processes, and I think that to be early might be challenging, but to be...
Amply Power unveils shipping containers for cheaper, portable EV charging Shipping container EV chargers can halve installation setup time and costs, Amply CEO Vic Shao said.
Three terminal operators form joint venture to improve Savannah efficiency Port America, Ceres and SSA Atlantic have formed joint venture Gateway Terminals at the Port of Savannah as a way to consolidate terminal, truck gate...
Sempra remains bullish on North American LNG infrastructure: CEO Sempra Energy continues to be very bullish on the need to develop LNG infrastructure in North America, as market dislocations have led to record high prices in Europe and Asia, management said Nov. 5.
SINGAPORE DATA: Middle distillate stocks fall 11% on week to 24 1/2-month low Singapore gasoil, jet fuel and kerosene inventories eased 11.01% in the week of Oct. 28-Nov. 2 as healthy drawdowns against a backdrop of lower inflows into the city-state pushed stocks to hit a 24 1/2-month low.
OIL FUTURES: Crude oil futures rangebound as OPEC+ maintains output strategy Crude oil prices were rangebound in mid-afternoon trade in Asia Nov. 5 as supply was seen remaining in deficit after OPEC+ agreed to maintain its 400,000 b/d production hike hike in December, shrugging off calls for a greater increase.
A gambit or a new way to finance US LNG projects? Tellurian is about to find out With the latest tinkering of its strategy for commercializing Driftwood LNG, US developer Tellurian is betting on the carbon price in Europe creating a floor for the international gas hubs to which it has linked its LNG supply contracts.
ADNOC's OSPs largely within expectations; Upper Zakum slightly higher Abu Dhabi National Oil Co.'s official selling prices for December-loading cargoes of Upper Zakum, Umm Lulu and Das Blend crude were largely within market expectations, traders told S&P Global Platts.
Enbridge next focused on adding crude capacity, connections to Texas Gulf Coast Now that Enbridge is ramping up heavy Canadian crude volumes on its expanded Line 3 and Southern Access pipelines, the company said Nov. 5 it next aims to increase capacity on its systems that connect to the Texas Gulf Coast, including potentially building a pipeline linking the Houston area to its newly acquired crude-export hub at the Port of Corpus Christi.
OIL FUTURES: Crude snaps down streak as fundamentals tighten, SPR release concerns fade Crude prices rallied Nov. 5 on the back of tightened near-term supply outlooks following OPEC's announcement that they would increase their production quota by 400,000 b/d in December.
Argentina's Medanito to step up drilling on block in Neuquen: provincial government Neuquen, the biggest oil and natural gas-producing province in Argentina, has awarded a 10-year extension for the Aguada del Chivato-Aguada Bocarey block to Medanito, a small local player that has vowed to invest $175.7 million in exchange to boost output, the provincial government said Nov. 5.
Spanish Cepsa's upstream production rises 14% in Q3 to 80,400 b/d Spain-based integrated oil group Cepsa said its third-quarter upstream crude production rose 14% year on year to 80,400 b/d on the back of rising production in UAE and Algeria amid rising OPEC quotas.
COP26: Carryover of old carbon credits 'most contentious issue' in Paris rulebook: IETA The comments relate to discussions around Article 6 -- the part of the Paris Agreement that deals with international carbon markets, with potential for decisions in Glasgow to help shape the market for carbon credits for years to come.
OIL FUTURES: Crude rises following OPEC meeting; US criticizes decision Intense lobbying from the US and other consuming countries did little to change OPEC's decision, with Saudi Energy minister Prince Abdulaziz bin Salman saying the group was acting responsibly.
ARA fuel oil stocks stable on week at 19-month low: Insights Global Fuel oil stocks in the region represented 20.7% of total refined oil products stocks in the region, which is higher than last week's percentage share at 19.8%.
BUNKERWORLD INDEX: Prices drop amid increased volatility, tightness across markets **Global bunker sales set to drop in 2021 **Prices drop in EMEA and US **Tightness across 0.5% and HSFO
SPAIN DATA: October fuel supply volumes rise 18% on year Exolum supplied 493,000 cu m (370,000 mt) to the Spanish market in October, up 20% year on year and up 2% from October 2019, which also reflects a trend of consumers switching from diesel to either gasoline or hybrid vehicles for newly purchased vehicles.
COP26: Indonesia, IRENA agree to decarbonize Southeast Asia largest economy Indonesia took over as President of the G20 group of most industrialized countries for the first time after the group latest meeting in Rome, where the world largest economies agreed to stop funding coal overseas.
Dirty tanker rate relief set to come in Q4, but full recovery elusive: Teekay Teekay believes that a release of 400,000 b/d by OPEC+ into December, as confirmed in their Nov. 4 members meeting, will maintain a steadier pace of production increases, keeping tanker demand from rebounding back to levels seen in early 2020.
SINGAPORE DATA: Residue stocks rise for fifth straight week, as fuel oil exports plunge 63% The city-state's fuel oil imports fell 17.71% week on week to 804, 514 mt, as volumes from Russia and Africa were absent.
Singapore Fujairah delivered 380 CST HSFO spread hits over 1 1/2 year low The premiums of Singapore-delivered 380 CST HSFO against FOB Singapore 380 CST HSFO cargo assessments averaged $10.50/mt Nov. 1-3, down from October average of $17.57/mt, Platts data showed.
TENDER DATA: Lanka IOC seeks VLSFO for Dec 6-9 delivery
Front month open interest for ICE Singapore HSFO, LSFO rises in October Open interest for front month Singapore 380 CST HSFO contract was up 22.3% month on month at 3.64 million mt, while open interest for front month Singapore 180 CST HSFO contract climbed 34.8% to 844,000 mt.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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