1. US LNG export boom comes under pressure
Late last year, Rystad Energy wrote: “Over the next three years, the US will add 35m tpa (tonnes per annum) of LNG supply, as projects start operations, and is set to flood the market with flexible volumes.” With all the additional cargo, the North America had been predicted to ramp up to second place, behind the Middle East in gas exports. But that was then, and this is now. https://www.seatrade-maritime.com/tankers/us-lng-export-boom-comes-under-pressure
2. How it is possible to get crew changes done on a small scale
This week saw InterManager launch a league table to celebrate success in crew changes, and recently Seatrade Maritime News talked with Thome Group ceo Olav Nortun about how it is managing to get some changeovers done on a small scale. https://www.seatrade-maritime.com/regulation/how-it-possible-get-crew-changes-done-small-scale
3. Container volumes at major Chinese ports declined in early May
According to China Ports and Harbours Association, cargo throughput of the major Chinese coastal hub ports declined 5.6% during first ten-day period of May, while the cargo throughput of Yangtze river hub ports dropped 11.8%.
The container volume of eight major ports declined 7.3%, with half of the ports suffering an over 15% decline, especially serving the international trades. https://www.seatrade-maritime.com/ports-logistics/container-volumes-major-chinese-ports-declined-early-may
4. US ports and infrastructure providers come together on cyber security
The board members for the ISAC include the Alabama State Port Authority, Greater Lafourche Port Commission (Port Fourchon), Jacksonville Port Authority (Jaxport), Port of New Orleans, Port of San Diego, Port Vancouver USA, and six other maritime critical infrastructure stakeholders. https://www.seatrade-maritime.com/ports-logistics/us-ports-and-infrastructure-providers-come-together-cyber-security
5. Panama Canal Emerges from Dry Season Promising Steady Draft Reliability
The Panama Canal says water conservation measures have been successful in securing steady draft reliability for the next several months as the waterway continues to seek long-term measures to ensure water levels are maintained. https://gcaptain.com/panama-canal-emerges-from-dry-season-promising-steady-draft-reliability/
6. Maersk Sees Sharp Drop in Global Container Shipping Demand This Year
The crisis has thrown the container shipping trade off balance as supply chains have been upended and businesses and factory activity in China and later across the world was disrupted.
Maersk, which also reported a 23% rise in first-quarter core profits on Wednesday, now expects global container demand to contract this year, after previously forecasting growth of between 1% and 3%. https://gcaptain.com/maersk-sees-sharp-drop-in-global-container-shipping-demand-this-year/
7. CMA CGM Taps French Loan Scheme for $1.1 Billion in COVID-19 Funds
The loan, secured from a consortium of banks comprising BNP Paribas, HSBC and Société Générale, has an initial one-year maturity and an extension option of up to five years, Marseille-based CMA CGM said in a statement on Wednesday. France is offering guarantees to support billions of euros in loans for French companies to help them survive the economic fallout from the novel coronavirus. https://gcaptain.com/cma-cgm-taps-french-loan-scheme-for-1-1-billion-covid-19-funds/
8. How green stimulus measures could fuel the decarbonization of shipping
We are in the middle of a global health crisis that will have severe consequences for people around the world. What this pandemic has shown us in such a terrifying way is that we need to rebuild our economies, so they provide us with jobs and a society that is secure, resilient and safe. How can we minimize the harmful effects on the fight against climate change? https://www.hellenicshippingnews.com/how-green-stimulus-measures-could-fuel-the-decarbonization-of-shipping/
9. Baltic Exchange launches new ship operating expenses assessment for LNG and LPG tankers
The Baltic Exchange has added quarterly assessments (GOPEX) on the cost of operating LNG and LPG tankers to its growing suite of shipping investor tools.
Data will be provided by leading independent third-party ship management companies Anglo-Eastern and AEX LNG Management, Fleet Management and V-Group. https://www.hellenicshippingnews.com/baltic-exchange-launches-new-ship-operating-expenses-assessment-for-lng-and-lpg-tankers/
10. Kuwait tells oil buyers to load less crude on ships in June – sources
Kuwait Petroleum Corp (KPC) has told customers they will have to load less crude oil in June as it has set operational tolerance at minus 5% for all crude cargoes, two sources with knowledge of the matter told Reuters on Wednesday.
The adjustment was KPC’s latest measure to meet the country’s commitment to reduce production as part of an agreement by the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+. https://www.hellenicshippingnews.com/kuwait-tells-oil-buyers-to-load-less-crude-on-ships-in-june-sources/