1. Seaspan Announces 10 Dual-Fuel LNG Containership Newbuilds
Seaspan Corporation (“Seaspan”), a wholly owned subsidiary of Atlas Corp. (“Atlas”) (NYSE: ATCO), today announced that it has entered into agreements with a major shipyard for 10 – 15,000 TEU dual-fuel liquefied natural gas (LNG) containership newbuilds (the “LNG Containerships”). The ultra-modern containerships are anticipated to begin deliveries in the first half of 2023, and upon completion will enter 12-year charters with a global liner. https://www.hellenicshippingnews.com/seaspan-announces-10-dual-fuel-lng-containership-newbuilds/
2. PD Ports, Port of Rotterdam forge digitalisation partnership for Teesport
PD Ports, owner of Teesport, will leverage technology used by the Port of Rotterdam to implement a Port Community System (PCS) under a first phase partnership. The collaboration will also explore greater data exchange between the two ports as one of the key transport routes between Europe and the UK.
3. CMA CGM creates new air cargo division, buys four Airbus aircraft
“In response to the growing demand from our customers for agile logistics solutions, we are creating a new division within the CMA CGM Group dedicated to air transport: CMA CGM Air Cargo. This division will launch with four Airbus A330-200F aircraft and will leverage commercial partnerships with airlines in order to deliver global coverage. This is a major milestone in the development of our logistics services,” said Rodolphe Saade, chairman and ceo of CMA CGM. https://www.seatrade-maritime.com/containers/cma-cgm-creates-new-air-cargo-division-buys-four-airbus-aircraft
4. Pirates Release MV Mozart Crew
Turkish sailors kidnapped by pirates last month in the Gulf of Guinea have been freed in Nigeria and will head home, a shipping company executive said on Friday, two weeks after the attackers made contact to discuss a ransom. https://gcaptain.com/pirates-release-mv-mozart-crew/
5. Fuel oil markets show resilience after twin challenge of IMO 2020 and pandemic
Global fuel oil markets weathered choppy waters in 2020, contending with the monumental change brought by the International Maritime Organization’s global sulfur cap, but also demand destruction on the back of the coronavirus pandemic.
6. Container congestion may now impact Easter
Christmas trees should be packed away by now, but U.S. importers may still be waiting for their holiday packages — and the impact likely will be felt for another big holiday: Easter. Historic volumes at the nation’s ports have knotted the flow of trade so badly that containers filled with December’s holiday items still are being processed through the ports, according to data and analysis from ImportGenius. https://www.hellenicshippingnews.com/container-congestion-may-now-impact-easter/
7. BIMCO Covid 19 Weekly Report
The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies like the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). https://www.hellenicshippingnews.com/bimco-covid-19-weekly-report-4/
8. Analyst Corner | Adani Ports: Downgrade To ‘Neutral’; TP Higher At Rs 630
Volume outlook robust into FY22F and the COVID-19 linked impact now behind us; stock fairly valued Raise our EBITDA forecasts by 8%/9% for FY22/23F factoring in higher volume estimates; however, we downgrade the stock to Neutral with a higher TP of Rs 630 on a strong earnings outlook likely factored in ADSEZ has delivered strong underlying volume growth of 20% (ex Krishnapatnam) in 3QFY21, highlighting a strong recovery post the lockdown.
9. Import Of Basic Goods Via Chabahar Port Up 71%: Official
The Director-General of Sistan and Baluchestan Ports and Maritime Department General said that import of basic goods and commodities through Chabahar Port registered a 71 percent growth in current year (started Mar. 21, 2020). Behrouz Aghaei made the remarks on Thu. and reiterated that transit of goods and import of basic commodities through Iran’s largest oceanic port showed a 95 and 71 percent growth in the current year respectively. https://www.shippingtribune.com/news/shipping/Import+of+basic+goods+via+Chabahar+port+up+71%25%3A+Official
10. India’s Crude Palm Oil Import Surges 45% In January: Trade Body
India’s crude palm oil imports in January jumped 44.99 per cent y-o-y to 7.67 lakh tonnes, the Solvent Extractors’ Association of India (SEA) said. The crude palm oil imports during January 2020 stood at 5.29 lakh tonnes, SEA said in a statement. Import duty reduction from November 2, 2020, on crude palm oil (CPO) was reduced to 27.5 per cent from 37.5 per cent, while duty on soft oils remained unchanged at 35 per cent, which encouraged larger import of palm oil, SEA added. https://www.shippingtribune.com/news/shipping/India’s+crude+palm+oil+import+surges+45%25+in+January%3A+Trade+body