Tuesday, April 13, 2021
gulf livestock 1
Shipping

New Zealand to Phase Out Livestock Exports

WELLINGTON, April 14 (Reuters) – New Zealand will cease the export of livestock by sea following a transition period of up to two years, Agriculture Minister Damien O’Connor announced on...

12 hours ago
Total Views: 4201

bulk carrier ballast water
Shipping

Investors Dump Commodities as Supercycle Call Meets Skepticism

By Andres Guerra Luz and Isis Almeida (Bloomberg) — Net bullish wagers on rising commodity prices fell to the lowest since December last week, raising questions about the commodity supercycle. Money...

17 hours ago
Total Views: 835

Monday, April 12, 2021
port of los angeles and long beach
Ports

SoCal Port Backlog Continues as Imports Surge Through March

By Brendan Murray (Bloomberg) — Ship congestion outside the busiest U.S. gateway for trade with Asia persisted over the past week as imports surged through March, usually one of the slower...

April 12, 2021
Total Views: 2817

Shipping

Container Shipping: Record Carrier Profits Could Be Here to Stay

By Mike Wackett (The Loadstar) – After cumulative ocean carrier profits exceeded some $9bn for the final quarter of 2020, the returns for the liner industry could double that in Q1 this...

April 12, 2021
Total Views: 4821

dry bulk ship
Shipping

Dry Bulk Shipping ETF is Stock Market’s Top Performer in First Quarter of 2021

A dry bulk shipping exchange traded fund (ETF) has emerged as the top performing ETF in the first three months of 2021, reflecting a strong turnaround for the dry bulk sector....

April 12, 2021
Total Views: 2607

John Angelicoussis
Shipping

Legendary Greek Shipowner John Angelicoussis Passes Away

Greek shipping magnate John Angelicoussis passed away on Saturday after suffering a heart attack last month, his family has confirmed. “It is with great sadness and regret that Maria Angelicoussis,...

April 12, 2021
Total Views: 2363

Friday, April 9, 2021
Shipping

Reinsurers Set to Bear Brunt of Costs for Suez Canal Grounding

By Jonathan Saul and Carolyn Cohn LONDON, April 8 (Reuters) – Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez...

April 9, 2021
Total Views: 6858

port of los angeles and long beach
Shipping

Suez Ripples Raises Rates for All Containerships

By Mike Wackett (The Loadstar) – There are reports of “sharp increases” in Asia-Europe container spot rates this week, as the fallout from the week-long Suez Canal blockage restricts both vessel and...

April 9, 2021
Total Views: 11474

hastings bulk carrier coal ships shipping iron ore newcastle
Shipping

China is Paying a High Price for Its Ban on Australian Coal

By Clyde Russell LAUNCESTON, Australia, April 9 (Reuters) – China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and...

April 9, 2021
Total Views: 51130

Thursday, April 8, 2021
AFIF Hapag-Lloyd
Shipping

Hapag-Lloyd CEO Sees Ocean Shipping Demand Staying ‘Very Strong’

By Brendan Murray (Bloomberg) — Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that...

April 8, 2021
Total Views: 2194

lng bunkering rotterdam
Environment

CMA CGM to Purchase Biomethane Fuel to Help Reduce Well-to-Wake CO2 Emissions

French shipping line CMA CGM says it will purchase 12,000 tonnes of biomethane fuel as part of the company’s plan of becoming carbon neutral by 2050. That’s enough biomethane to...

April 8, 2021
Total Views: 1188

port of los angeles and long beach
Ports

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

By Jonathan Saul and Timothy Aeppel LONDON/LOS ANGELES, April 8 (Reuters) – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near...

April 8, 2021
Total Views: 1330

Wednesday, April 7, 2021
containers at port of los angeles
Shipping

Federal Maritime Commission Holds Closed-Door Meeting on Ongoing Ocean Supply Chain Investigation

Federal Maritime Commission held a virtual meeting Wednesday discuss developments in the ongoing fact finding investigation into challenges facing the ocean transportation supply chain system and possible Shipping Act violations...

April 7, 2021
Total Views: 2921

mpv everest
Accidents

Australian Antarctic Resupply Ship Suffers Engine Room Fire Over 1,400 Miles from Home

An Antarctic resupply vessel chartered by the Australian government suffered a fire in one of its two engine rooms while returning from a mission to the frozen continent. The ice-strengthened...

April 7, 2021
Total Views: 5826

Shipping

Container Shipping Had Its Best Quarter in History Last Year. 2021 Could Be Even Better

By Mike Wackett (The Loadstar) – Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record...

April 7, 2021
Total Views: 2457

bulk carrier underway
Shipping

Dry Bulk Shipping Rates Are Surging and the Rally Isn’t Over

By Isis Almeida, Rachel Graham and Annie Lee (Bloomberg) — For a glimpse of how quickly and unevenly economies are recovering from the pandemic, look no further than the market for...

April 7, 2021
Total Views: 2311

port of long beach
Ports

U.S. Trade Deficit Widened to Record in February

By Olivia Rockeman (Bloomberg) — The U.S. trade deficit widened in February to a record high as solid household and business demand kept imports running ahead of shipments to overseas customers....

April 7, 2021
Total Views: 648

Tuesday, April 6, 2021
msc ariane
Shipping

‘Bad Fuel’ Cited as MSC Containership Breaks Down En Route to Los Angeles

A 366-meter containership belonging to MSC Mediterranean Shipping Company has broken down in the Pacific Ocean after reporting a fuel quality issue and the ship is now under tow to...

April 6, 2021
Total Views: 11925

Shipping

Suez Canal Weighing Expanding Southern Channel, Chairman Says

By Nadeen Ebrahim and Patrick Werr ISMAILIA, Egypt, April 6 (Reuters) – The Suez Canal Authority is considering expanding the southern section of the waterway where the container ship Ever...

April 6, 2021
Total Views: 3692

Shipping

Suez Canal Traffic Briefly Stopped as Oil Tanker Loses Power

By Jack Wittels and Salma El Wardany (Bloomberg) — Traffic through Egypt’s Suez Canal was briefly halted on Tuesday, just two weeks after a giant container ship ran aground and blocked the waterway...

April 6, 2021
Total Views: 3929