Ocean cargo arena should prepare for COVID-19 aftermath
The baseline demand scenario painted by Drewry’s “Container Forecaster” analysts foresees a demand collapse in the first nine months and recovery from 4Q20.
FMCSA extends HOS COVID-19-related emergency declaration through May 15
The Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) said yesterday that its national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency relief in response to the nationwide coronavirus (COVID-19) outbreak has been extended through May 15, 2020 or until the revocation of the Presidentially-declared COVID-19 national emergency.
Adm. James Steele Gracey, 17th USCG Commandant, Passes Away
Admiral James Steele Gracey, USCG (retired), 17th Commandant of the Coast Guard, passed away on Sunday, April 5, 2020, in Falls Church, Va., at the age of 92.Born in Newton, Mass. in 1927, Adm. Gracey graduated from the United States Coast Guard Academy in 1949. Adm.
Ingalls Begins Fabrication of New US Navy Destroyer DDG 128
Huntington Ingalls Industries’ Ingalls Shipbuilding division officially started fabrication of the Arleigh Burke-class (DDG 51) destroyer Ted Stevens (DDG 128) on Monday. The start of fabrication signifies the first 100 tons of steel have been…
Metal Shark Eyes Law Enforcement Market Growth
Shipbuilder Metal Shark reports it has seen increased business from law enforcement agencies, with 20 new law enforcement customers recently added and more than 35 welded aluminum law enforcement vessels either recently delivered or currently in production.Among its new builds…
European Refiners Leave Oil Cargoes On Water
A growing number of oil tankers across Europe have been unable to unload their cargo over the past month as refining demand crashes, turning them into de facto floating storage, according to shipping data and trading sources.European refineries…
March Cargo Imports Tumble at Top US Seaports
March imports dropped 26% at the Port of Los Angeles and 5% at the adjacent Port of Long Beach - the busiest U.S. sea trade gateways - as the novel coronavirus wrecked havoc on commerce around the globe.Imports at major U.S.
Sinopec Building LNG Storage Tanks at Tianjin Terminal
China's energy giant Sinopec has started building storage tanks in the second phase of its Tianjin terminal project to receive liquefied natural gas (LNG), the company said in a statement.The plan for the second phase is to have five LNG tanks, with storage capacity of 220,000 cubic metres each, and
Norstart Hires Grünitz as Managing Director
Singapore-based manager Norstar Ship Management (NSM) has appointed Lars Grünitz as its new Managing Director, replacing Christopher Kirton.Grünitz was most recently Head of Vessel Management and Process improvement for Berge Bulk and was previously Managing Director for Thome Ship Management.
POLB and POLA see further volume declines in March
Total March POLA volume—at 449,568 TEU (Twenty-Foot Equivalent Units)—saw a 30.9% annual decline, and total March POLB volume—at 517,663—slipped 6.4% annually.