Egypt

Suez Canal may expand southern channel, chairman says

The 400-metre-long (1,310 ft) Ever Given became grounded diagonally across the southern section of the canal during high winds on March 23. It remained stuck for six days, preventing hundreds of ships from passing and significantly impacting global trade flows.

Markets

Suez Canal steps up efforts to remove blockage, shipping rates surge

The Dutch rescue team had confirmed that two additional tugs would arrive on March 28 to help dislodge the ship after an attempt to re-float it on Friday failed, BSM said. "There have been no reports of pollution or cargo damage and initial investigations rule out any mechanical or engine failure as a cause of the grounding,“ a BSM statement said.

Egypt

Container ship runs aground in Suez Canal, blocks traffic

Any delays can have a knock-on effect for both LNG and European gas prices. There were also more than 13 container ships anchored around Suez with at least two others waiting in the Mediterranean, Refinitiv ship tracking data showed.

Markets

Crude exports rise again as Saudi Arabia draws on inventories

The kingdom exported 6.582 million b/d in January, according to JODI data released March 18, an increase of 87,000 b/d from December. It was the seventh straight month that shipments have risen since a historic low of 4.98 million b/d in June when stringent OPEC+ production cuts were in effect.

markets

ClassNK releases Guidelines for ROV/AUV

Although the utilization of ROVs and AUVs is increasing worldwide, no international standardization of such technologies has yet been implemented, and the utilization of ROVs and AUVs has, for the most part, been limited to certain fields.

Markets

Libyan freight premiums subside amid consistent output

Tanker owners in the Mediterranean basin welcomed the comeback of exports from Libya after the eight-month blockade. “The comeback of Libya was a relief for the oil tanker market amid production cuts and low demand from end users,” a broker said

poll

Oil set for steady gains as economies shake off pandemic blues

Of the 41 respondents who participated in both the February and January polls, 32 raised their forecasts. Most analysts said the Organization of Petroleum Exporting Countries and allies (OPEC+) may ease current output curbs when they meet on March 4, but would still agree to maintain supply discipline.

Trade and shipping

After Brexit, Ireland and France cut out the middleman

Stena Line, the largest Irish Sea operator, has doubled its services on the booming Rosslare-Cherbourg route, temporarily cancelling some sailings to Britain after freight volumes fell 60% in the first half of January.

Security

Why are pirates attacking ships in the Gulf of Guinea?

The pirates come from Nigeria's turbulent Niger Delta, experts say. The region produces the bulk of the nation's petroleum, but is woefully underdeveloped, scarred by pollution and has some of the highest unemployment in the country.

International

Indonesia's coast guard seizes Iranian and Panamanian tankers

"The tankers, first detected at 5:30 a.m. local time (2130 GMT on Jan. 23) concealed their identity by not showing their national flags, turning of automatic identification systems and did not respond to a radio call," the statement said.

Covid

Maersk confident about recovery beyond 2020

Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had a limited impact on global freight volumes

Genoa, Italy

Joint venture between Premuda and Columbia Shipmanagement

Premuda will be a shareholder of the new company, which will be called CSM Italy and will be based in Genoa. Within the framework outlined, once concluded the due trade-unions consultation’s procedures, CSM Italy will provide ship management and it’s maritime services

Financial problems

Ocean Tankers wants to return most ships to owners

The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet

Diplomacy

Cargo from Dubai arrives in Haifa, cementing Israel-UAE trade route

Haifa - The ship-to-shore crane paused above the cargo ship just arrived from Dubai, then set its load down on the pier in Israel. One after another, eight containers filled with electronics, cleaning supplies, iron and firefighting equipment were unloaded off the "MSC Paris", one of the first cargo ships to make the voyage between the United Arab Emirates and Israel

IHS Markit

Carriers throwing capacity at booming trade lanes

London - Carriers since July have been rapidly reinstating high levels of capacity blanked in the second quarter as demand began to return rapidly, most notably on the trans-Pacific where US imports are setting records. The capacity management strategy that has kept freight rates at record levels is being tested by the rapid recovery in demand on the trans-Pacific and Asia-Europe trades

After the agreement

Maersk to ship cargo between UAE and Israel

Danish shipping giant Maersk said it will now transport ocean cargo between the United Arab Emirates and Israe, a further sign of business opening up after the two countries established full ties

Traffic +9,3% in the 2020 1H

As Arctic ice melts, polluting ships stream into polar waters / ANALYSIS

London - As melting sea ice opens the Arctic to navigation, more ships are plying the loosely regulated polar waters, bringing increasing amounts of climate-warming pollution, a Reuters analysis of new shipping and fuel-consumption data shows. Traffic through the icy region's busiest lane along the Siberian coast increased 58% between 2016 and 2019

The accident

Mauritius starts to scuttle Japanese oil-spill vessel

Environmental group Greenpeace said the action would lead to more pollution. Scientists say the full extent of the spill was still unfolding but the damage could affect Mauritius and its tourism-dependent economy for decades

World's number five

Hapag-Lloyd almost doubles H1 profit

German container shipping line Hapag-Lloyd nearly doubled net profit in the first half of 2020 and kept its full-year outlook intact but warned that the coronavirus crisis bears indiscernible risks for its operations

Toward the lowest level in 4 years

COVID-19 to weigh on U.S. seaport peak shipping season

Imports at major U.S. container seaports could hit their lowest level in four years as the novel coronavirus pandemic pummels a U.S. economy that was already grappling with negative effects of the U.S.-China trade war

World Trade

Shipping's share of global carbon emissions increases

Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down

The COVID-19 emergency

Greece exempts seafarers from entry restriction

Athens - Greece has exempted seafarers from COVID-19-related travel restrictions, meeting its pledge to the IMO to facilitate crew change. GAC Greece said that the Greek government has allowed seafarers entry into its country together with citizens of the following countries

The operation

Polaris with Shipping of Another Rotor Set from UAE to Spain

Dubai - Polaris Shipping Agencies have shipped out a second rotor set from Khalifa Port in Abu Dhabi to Escombreras Port in Spain. The OOC cargo had shipping dimensions of 12.20 x 4.05 x 3.85m and a unit weight of 95mt. The scope of work handled by Polaris included pre-carriage from the supplier, all origin export requirements and sourcing of a suitable vessel on liner terms hook/hook

After the restrictions

Maersk to stop taking waste to China

Denmark’s A.P. Moller-Maersk, the world’s top container shipping firm, said on Wednesday it would stop accepting solid waste shipments bound for China and Hong Kong from Septembe

"high uncertainty"

Hapag-Lloyd ups profits but warns of risks

German container shipping line Hapag-Lloyd on Wednesday reported preliminary results for the first half of 2020 showing core profits above those of the same 2019 period and upholding its guidance for full year earnings

The analysis

Demolition activity suffers as freight rates rebound

Athens - As freight rates, particularly in the dry bulk market, ships’ recycling activity has taken a hit. In periods of a strong market environment, demolition activity tends to suffer and this has occurred once more

The rating agency

Moody's: Global shipping sector outlook remains negative as earnings forecasts fall

London - Aggregate EBITDA of rated shipping companies will fall by around 16%-18% in 2020. Road to recovery will be long and bumpy. The outlook for the global shipping sector for the coming 12 to 18 months remains negative, Moody's Investors Service said in a new report. The outlook has been negative since March 2020

The operation

TEN announces long-term charters for up to three Suezmax DP2 tankers

Athens - TEN announced the contract for the building of up to three suezmax DP2 shuttle tankers on long-term employment to a major European end-user. The vessels will be built in South Korea and the time charter equivalent minimum revenues to be generated over the duration of the respective contacts, should all be exercised, are expected at about $250 million

In Denmark and abroad

DFDS to cut 650 jobs

The Danish group DFDS, which operates freight and passenger transport services with a fleet of ferries and logistics services, announced its intention to cut 650 jobs due to the impact on the activities of the Covid-19 pandemic

Covid-19

Oil tanker quarantined in Antwerp

The Belgian port of Antwerp has quarantined a Maltese-flagged oil tanker until at least July 4 after more than half of its crew tested positive for COVID-19, the port authority said on Thursday

On-board systems and equipment

ABS strengthens its presence in Genoa

The historic American classification Society based in Houston with over 5,500 employees and two hundred offices worldwide, has chosen Genoa as the head quarter for the European MED certification

A global issue

Singapore works with shipping to solve the crew change challenge

The off-going nineteen members of the Liberty's crew will now return home via a chartered flight from Singapore to Colombo, then on to India. Their colleagues - 14 Sri Lankans and four Indian seafarers who arrived from Sri Lanka early Saturday on the same chartered plane - have signed on aboard the ship

Traffic volumes

Vessel port call frequency improving in Europe, falling in North America

Rotterdam - Container ship call numbers in European ports have been gradually improving over the past three weeks, despite the high levels of blank sailings on the trade, while calls at North American ports continue to decline as carriers extend the capacity withdrawals into the third quarter, according the latest IAPH-WPSP Port Economic Impact Barometer