Container space tightness in India is expected to ease from September as imports rebound after a nationwide lockdown to contain the coronavirus, delivering more containers to India’s ports, market sources said. The lack of container availability saw India’s container freight rates surge up to 67% in July and early August on some routes as a rash of cancelled sailings and a decrease in imports during the country’s prolonged lockdown from late March reduced the number of containers arriving at India ports. However, cancelled sailings are on a downtrend in August ...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) rose slightly on Aug.13: 380 HSFO – USD/MT – 308.93 (+3.24) VLSFO – USD/MT – 367.00 (+3.00) MGO – USD/MT – 447.02 (+1.75) Meantime, world oil indexes fell on Aug.13 after the International Energy Agency lowered its 2020 oil demand forecast following unprecedented travel restrictions. Brent for October settlement decreased by $0.47 to $44.96 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for September ...

Camilla Travis appointed Group Director for Marketing at world-leading coatings company Hempel A/S. She started in her new role on 1 August. As Group Director for Marketing, Camilla Travis will lead Hempel’s global marketing team, with special focus on e-marketing strategies, assortment and portfolio. Michael Hansen, Group Commercial Officer, comments: “We recently expanded our Group Marketing function to include product assortment and portfolio management. This better reflects our regional setup and will enable more effective communication around products and product launches – two extremely important marketing areas. Camilla is the ...

With some global Coronavirus restrictions beginning to ease, the temptation to get out and recommence the face-to-face engagement we’ve all missed is overwhelming – yet the ability to host large, interactive gatherings safely and responsibly is still some way off. However, a lack of the personal interaction we all crave shouldn’t make online conferencing any less palatable as an opportunity. Technology has been key in keeping businesses and professionals connected, and its capacity for replicating experiences, with no sacrifice of value, has truly come into play. Conferencing in particular has ...

Reference is made to the announcement of the Company dated 14 December 2016 in relation to the Master Services Contract 2017 entered into between the Company (for and on behalf of the Group) and PIL (for and on behalf of PIL Group) pursuant to which the Group provides the services including but not limited to container handling, container storage, interchanging, inspection, repair, maintenance, refurbishment, trucking, cleaning, refrigerated machinery attendance and other services in relation to the containers managed and/or owned by the PIL Group. The Master Services Contract 2017 had ...

The Shipbuilders Council of America (SCA), the national association representing the U.S. shipyard industry, today announced the 2020 annual shipyard safety awards. SCA honors shipbuilding and repair organizations with the “Excellence in Safety” Award and “Improvement in Safety” Award each year for enhancement of operations and promotion of safety and accident prevention. Over the past several years, the industry has seen the total recordable incident rate steadily decline, with the most significant decline seen in 2019. Safety professionals in the industry are continuing to implement new safety policies. The culture ...

The First part of Meyer Turku’s YT negotiations have now come to a conclusion. Meyer Turku will permanently layoff 166 people. The number at this point includes 86 blue collars and 80 white-collar workers. Due to the production schedules of the shipyard the negotiations concerning outfitting, design and HR functions will continue and will be finished during this year. The corona crisis has changed landscape of cruise operation and shipbuilding drastically. In April Meyer Turku announced the objective to stretch out the order book reaching then to 2025 to secure ...

The Port of Los Angeles moved 856,389 Twenty-Foot Equivalent Units (TEUs) in July, the busiest month thus far of 2020. It was also the second-best July in the Port’s history, trailing July 2019 by 6.1%. “Fewer canceled sailings and 11 additional ‘ad hoc’ or unscheduled ship calls helped drive both imports and exports higher than recent months but still short of last July’s all-time record,” said Port of Los Angeles Executive Director Gene Seroka. “Preliminary data for August indicates solid volumes as retailers continue restocking inventories and preparing for the ...

Pilbara Ports Authority has delivered a total monthly throughput of 59.7 million tonnes (Mt) for the month of July 2020. This throughput was a five per cent increase compared to the same month in 2019. The Port of Port Hedland achieved a monthly throughput of 43.8Mt of which 43.3Mt was iron ore exports. The monthly throughput was a five per cent increase from July 2019. Imports through the Port of Port Hedland totalled 193,000 tonnes, an increase of 20 per cent from the same month in 2019. The Port of ...

Larger container ships are on the horizon at the Port of Charleston. The South Carolina Ports Authority (SCPA) said the Hugh K. Leatherman Terminal (HLT), which will be able to handle container ships carrying 18,000 twenty-foot equivalent units (TEUs), is on track for a March opening. The completed first phase of the approximately 300-acre HLT will enable the Port of Charleston to handle an additional 700,000 TEUs annually. At full buildout by 2030, the three-berth terminal will double the SCPA’s current capability by adding 2.4 million TEUs of throughput capacity. ...

The Club’s local correspondent Maurice G Mouracade & Co. has informed that the following dry cargo terminals are now operational and declared safe within the Port of Beirut: Container Terminal – Quay No. 16 Dock 4 – No. 13 & No. 14 (grain shipments) The clearance of containerised shipments by cargo receivers is now being permitted by the Customs authorities, with priority entry authorisation being given to specific and urgently needed cargoes essential to the relief and rebuilding efforts. Members requiring further guidance are advised to contact the Loss Prevention ...

The volume of the crude palm oil (CPO) export from Indonesia edged down in the first half of this year as the novel coronavirus pandemic has eroded global demands of the commodity. The Indonesian Palm Oil Association (GAPKI) said that the shipment of the crude palm oil abroad shrank by 11 percent to 15.5 million tons from January to June annualized, local media reported on Thursday. The lockdown policies imposed by foreign nations, particularly the main buyers of Indonesia’s crude palm oil, have been ravaging business activities which culminated to ...

Iranian fuel cargoes targeted by a U.S. warrant for seizure were transferred to other ships for transporting to U.S. waters, a U.S. government source said on Thursday. A U.S. judge issued a warrant to seize Iranian gasoline cargoes on four tankers in July after U.S prosecutors filed a lawsuit. The warrant for seizure only covered the cargoes, not the vessels Iran had planned to transport the gasoline to Venezuela. Washington has imposed sanctions on oil exports from both Iran and Venezuela to deprive the governments of both countries of their ...

The US Department of Agriculture Aug. 12 lowered its forecast for 2020-21 global milled rice production by 2.1 million mt to 500 million mt. In its latest World Agricultural Supply and Demand Estimates report, the USDA attributed the cut to reduced output prospects in China, Thailand and Vietnam. Despite the lower forecast, this would still be a record high. While the forecast for global consumption has also been cut due to lower consumption forecasts for China, Brazil and Nigeria, it is still forecast at a record high 497 million mt. ...

BHP Group said on Friday it will closely monitor the work of industry associations to ensure they match its climate position on keeping the world’s warming to well less than 2 degrees Celsius. The world’s largest listed miner has faced increasing pressure from investors worried that some mineral lobby groups, particularly in Australia, are promoting coal use in contravention of the goals of the Paris climate pact, and have urged BHP to stop funding them. BHP said it would instead work with industry associations to outline its priorities and approach ...