[Infographic] Bunker Prices Crumble Amid COVID Pandemic

The average price paid for bunkers in major ports over the first nine months of 2020 has fallen 10% compared to the same period in 2019, reports Ship & Bunker.

Bunker costs climb high

The average price for IFO380 in Ship & Bunker’s Global Top 20 Port Port index (G20) for January to September 2019 was $421/mt.

With the introduction of the IMO 2020 rule on January 1 meaning the majority of vessels switched to lifting max 0.50%S product, the average G20 VLSFO price over the first nine months...


Port of Oakland sets imports record, sees exports climb

The Port of Oakland reported that it had achieved its best September ever for import cargo volume. The 93,916 twenty-foot equivalent units (TEUs) handily beat a monthly record set in 2019 of 84,901 TEUs. 

Containerized import volume in September also jumped 10.6% from the same month in 2019. 

The return of demand for imports following the height of the coronavirus has spurred record volumes at a number of U.S. ports, including the Port of Los Angeles, which also had its best September ever



USS Theodore Roosevelt Sailors Test Positive for COVID-19 While Underway

The aircraft carrier USS Theodore Roosevelt (CVN 71) participates in dual carrier operations, June 23, 2020. US Navy photo.

At least two sailors from the crew of carrier USS Theodore Roosevelt (CVN-71) have been flown of the ship after testing positive for COVID-19 on Thursday, USNI News has learned.

According to Navy officials, the sailors had self-reported symptoms, tested positive for the virus and were flown off the ship in line with the Navy’s revised procedures to stem outbreaks.



HFW : COVID-19 Bi Losses: English High Court confirms loss of use is not equivalent to physical loss of property

HFW : COVID-19 Bi Losses: English High Court confirms loss of use is not equivalent to physical loss of property

The recent judgment in the FCA business interruption test case ruled on the interpretation of notifiable disease and non-damage prevention of access extensions under BI policies. However, one issue that the test case did not consider was coverage of COVID-19 BI losses under the principal BI insuring clause (which typically provides cover for BI arising out of “damage” to insured...


Container ship marooned off Sydney as authorities scramble for a protocol

Pictured: a representation of a seafarer wearing a mask aboard a containership. Credit Sebastian Herrmann – freetousesounds Unsplash – Jim Wilson

Since early February, Port Authority NSW has required mandatory health reporting by all ships arriving at NSW ports.  This is a sensible approach to help protect their crucial and limited maritime workforce.  

But there is no protocol on what to do if a ship reports a sick crew member.

In the eight weeks since this requirement was introduced one would...


‘Untraditional peak’ a good thing at Port of New York/New Jersey

The Port of New York and New Jersey expects container volumes that have rebounded sharply from the height of the coronavirus pandemic to remain strong through the rest of the calendar year.

Canceled — or blanked — sailings commonplace during the economic shutdown in the spring and early summer have waned. The port said there are only two more blanked calls on the books for this year.

And last month the port welcomed the CMA CGM Brazil, the largest container ship to call a U.S. East Coast port,...


Significant earnings jump spurs Hapag-Lloyd forecast revision

Hapag-Lloyd has raised its full-year forecast based on preliminary third-quarter figures showing a year-over-year earnings jump of €96 million ($112 million). 

Hapag-Lloyd, the world’s fifth-largest container carrier, said in an announcement Thursday that “due to the positive development in Q3,” it was raising its 2020 earnings before interest and taxes (EBIT) forecast to between €1.1 billion and €1.3 billion ($1.28 billion to $1.52 billion) and earnings before interest, taxes, depreciation and...


COVID-19 Affected Iron Ore Ship Sets Sail For Philippines

cape size bulker vega dream

There was an outbreak of COVID-19 on the BHP-chartered iron ore bulk carrier Vega Dream. The vessel has left its anchorage off Port Hedland on Wednesday evening to return to the Philippines and has declined medical assistance.

It has already received its iron ore consignment and was docked at the port on Sunday. It was subsequently anchored off Port Hedland, outside of WA’s jurisdiction, when an unwell crew member was taken onshore for treatment and tested positive for COVID-19. Seven crew...


GLOBAL & REGIONAL DAILY (Thursday 15 October, 2020)

GLOBAL & REGIONAL DAILY (Thursday 15 October, 2020)



October 15 2020

Global Markets

Market focus is on the two-day EU Council meeting which begins today, with UK PM Boris Johnson awaiting its outcome  to decide whether to continue trade talks with the EU or walk away without a deal. Meanwhile, Covid-19 cases are rising across Europe, with France’s PM Emmanuel Macron announcing a 9pm-6am curfew in Paris and eight other large cities. Demand for fixed income...