As Covid-19 situation worsens

Cargo owners must expect further major ocean freight service disruptions this year

London - Cargo owners should expect significant further ocean freight service disruptions this year with more blank sailings and likely service suspensions, Drewry highlighted yesterday, as volatility linked to the coronavirus pandemic continues or worsens. The container shipping analyst also suggested that shippers “should consider adding a few ‘backup carriers’"

Markets

Putin, Trump order their energy ministers to discuss oil

OPEC and other leading oil producers including Russia failed to agree on further joint action on the global oil market and to extend their deal to cut output, leading to a sharp fall in oil prices that have also been battered by the coronavirus pandemic

Two new pools

Team Tankers in fleet management feals with Maersk Tankers, V.Group

Monaco - Danish Maersk Tankers has entered into a deal with chemical tanker owner and operator Team Tankers International to take over the commercial management of its 27 tankers and establish two new pools. For Maersk Tankers the agreement will increase its fleet under management

Obstacles to the intra-European alliance

EU expected to veto Fincantieri's Chantiers bid due to lack of concessions

Milano - Italian shipyard Fincantieri has not offered any concessions to head off EU antitrust concerns about its planned bid for France’s Chantiers de l’Atlantique, giving regulators no choice but to block the deal, people familiar with the matter said last week. A veto by European Competition Commissioner Margrethe Vestager would deal a serious blow to Italy

BIMCO

COVID-19 and its consequences on shipbuilding contracts

Copenhagen - Shipyards are facing disruption to newbuilding, repair and conversion projects due to the impact of the virus on their labour force and the ability of their subcontractors to meet their commitments to supply materials and equipment necessary for the completion of such projects

Australia

Yang Ming ship arrested for pollution debt

The sister ship of the "YM Efficiency", which lost 81 containers off the coast of Newcastle and Port Stephens in June 2018, has been stopped in Sydney for a pollution debt that could cost Yang Ming more than 12 million euros

Transatlantic

ONE, COSCO, OOCL and Yang Ming launch new service

The EMA service will consist of six Panamax vessels. The port rotation for the weekly service is Mersin – Haifa – Alexandria – Istanbul – Piraeus – Genoa – Algeciras - New York – Norfolk – Savannah – Algeciras – Mersin

The crisis in the Middle East

Drewry: Risk premium tankers to soar amid tensions in Iran

The recent escalation in the unrest between Iran and the US has raised fears of a wider war in the Middle East, writes research firm Drewry in its latest report. Already heightened geopolitical tensions in the region have resulted in a surge in oil prices, with Brent surpassing the $69 per barrel mark

Heavylift

Roll Group expands its heavylift fleet

The Dutch shipping company Roll Group underlines with a recent ship purchase the positive expectations for the market. After the extension of their land activities into Asia in 2019, Roll Group starts 2020 in a similar manner with the addition of another Module Carrier into their fleet

Transport in chaos

MSC re-routes cargos due tro French strikes

Paris - Swiss headquartered container shipping company MSC said on Friday it was implementing contingency plans to re-route container ships away from French ports when necessary due to strikes in the country

Sea transport

First signs of stagnation for LNG imports

London - The increase in US liquefaction capacity is one of the major factors driving LNG shipping rates, as London research firm Drewry writes in its latest report

shipowners

Vado Gateway opening brings change to logistics in northern Italy

Genoa - The new container terminal, launched today in Vado Ligure and operated by APM Terminals, sets a new standard for port infrastructure in Italy. The facility is unique in terms of services and technology, from the “automated yard” to the “appointment system” for trucks.

shipowners

The storm destroys a road in the port of Vado Ligure

Genoa - “We are restoring the access road to the Vado terminal, while the Maersk port platform has not suffered damage, the collapse is part of the damage caused by the storm”, the president of the Liguria Region, Giovanni Toti, said.

shipowners

PSA-Sech, the doubts of Aponte (MSC) on merger

Genoa - Not many words. “Very courteous and respectful in tone,” says those who saw the letter written by Gianluigi Aponte to the Port Authority of Genoa. It is the style of the founder of MSC.

shipowners

Grace 1 tanker starts to move

Gibraltar - The Grace 1 was seized by British Royal Marine commandos in darkness at the western mouth of the Mediterranean on July 4 on suspicion of violating European Union sanctions by taking oil to Syria, a close ally of Iran.

shipowners

COSCO mega ship makes maiden call at Zeebrugge

Zeebrugge - Cosco Shipping Lines’ Cosco Shipping Star has a capacity of 21,237 TEU. By deploying this brand new vessel, Ocean Alliance raised the capacity of its AEU1 service between Europe and the Far East.

shipowners

Ship recycling: Wallenius Wilhelmsen recognised with another major award

Genoa - Wallenius Wilhelmsen was recognised with the Greener Supply Chain award at the Automotive Logistics Europe Awards for its work with the SRTI, which helps cargo owners account for their supply chain sustainability by enabling them to make informed decisions about ship recycling.

shipowners

Transhipment cargo handled at Busan Port dips in July

Busan - Transhipment cargo handled at South Korea’s largest seaport of Busan fell for the first time in 29 months in July amid a trade dispute between the United States and China, industry data showed.

shipowners

Ukraine searches vessel over fuel delivery to Crimea

Kiev - Ukrainian prosecutors said they had searched a vessel in the Black Sea port of Kherson on Saturday as part of an investigation into a suspected illegal delivery of fuel to the Russian navy in annexed Crimea in 2015.

shipowners

COSCO, MacGregor ink mutual cooperation deal

London - John Carnall, Senior Vice President, Global Lifecycle Support, MacGregor says: “We are looking forward to increasing our collaboration with COSCO Shipping.”

shipowners

ONE: Genoa receives its first magenta ship

Genoa - When it reached port she was hard to miss.Ocean Network Express’ (ONE) “Blue Jay” is the first magenta-colored container ship to call at the port of Genoa. The 360-meter long, 14,000 TEU ship, which set off from Asia, was docked this week at PSA Terminal’s Pra quay

shipowners

“Diversity and inclusion improve companies revenue” / INTERVIEW

Athens - Lloyd’s List has recognized Greek manager Despina Panayiotou Theodosiou, co-managing director of Tototheo Maritime, among the 100 most influential people in the global maritime transport sector, as well as one of the top 5 most important executives of the “young generation of shipping”

shipowners

Italy judge rules to free “Sea Watch 3” captain

Rome - The sea captain who rammed a police boat while bringing 40 rescued migrants to an Italian port had been warned to stay out of must be freed from house arrest, a judge ruled Tuesday in a decision that angered the Italian government minister who had declared the defiant mariner an outlaw

shipowners

Venice must be put on UN danger list, ban cruise ships

Rome - “Venice is unique and we cannot allow it to be destroyed even more than it has been already,” said Mariarita Signorini, national president of Italia Nostra (Our Italy), whose stated mission is to defend Italy’s cultural and natural heritage.