VIDEO: Virgin Voyages releases plan for reducing COVID-19 risks Who would have thought that free on-board testing for COVID-19 would ever be offered as an inducement to take a cruise? In a reflection on the challenging times we're living in, such
Alfa Laval inks two three-year BWTS frame agreements Alfa Laval has signed two frame agreements that includes firm orders to deliver its PureBallast 3 ballast water management systems to about 40 vessels, with options covering another 40 systems. The value
Wärtsilä wins order to design and equip two zero-emissions ferries Netherlands shipbuilder Holland Shipyards Group has awarded Wärtsilä a contract to design and equip two new zero-emissions double-ended shuttle ferries ordered by Norwegian operator Boreal Sjö. The two ferry designs are not
The Shearer Group adds to its team The Shearer Group, Inc., Houston, reports that Daniel Toerner has joined the firm as a naval architect. Toerner recently graduated from Texas A&M University, College Station, with a Bachelor of Science in
USACE Vicksburg District opens gates of Steele Bayou Control Structure The gates of the Steele Bayou Control Structure, located approximately ten miles north of Vicksburg, Miss., were opened by the Vicksburg Engineer District on June 13. They had been been closed since
Carnival reports $4.4 billion second quarter loss Reporting a staggering second quarter loss and faced with a continuing pause in operations as a result of COVID-19 restrictions worldwide, Carnival Corporation & plc, the world's largest cruise company, is planning
Metal Shark introduces 70-knot military Super Interceptor Shipbuilder Metal Shark, Jeanerette, La., has introduced an offshore-capable, ultra-high-performance military patrol vessel delivering 70-knot top speeds. Production of the the new welded-aluminum 52 Fearless Super Interceptor vessels is now underway at
BP Shipping digitizes its sanctions compliance efforts BP Shipping is using a solution developed by Tel Aviv headquartered Windward, a specialist in maritime trade analytics and insights, to digitize its business trade practices relating to sanctions compliance, The move
Höegh Xiamen highlights PCTC fire risks The Höegh Xiamen fire took eight days to put out and injured eight firefighters
Propulsion specialist tests engine upgrade to cut methane emissions First ship to use X-DF2.0 will be delivered at the end of the year. The technology comes as shipowners assess...
P&I Clubs: Practising synergy like it's 1899 'We are able to go to other industry organisations and say, we're not North, we're not Gard, we're not UK...
Globus pulls in $12m from share issue The move comes shortly after Greece-based Globus posted a first-quarter loss of $9m
Container shipping 'past the worst' The impact of the coronavirus on global liftings has peaked on nearly all major trades, according to MSI
Maersk Tankers digital spin-off targets tramp shipping trades Operators in the tanker and dry bulk trades do not always have the resources to invest in software to determine...
Seafarers offered papal support amid crisis The message comes as governments are slow to adopt crew change protocols that recognise seafarers as key workers, leaving thousands...
Vale to reopen Itabira mines Increased shipments of iron ore from Brazil are among factors that have propelled the capesize market to eight-month highs
Shipping told to make cyber security a priority Crew training and involvement of senior management is crucial, the webinar was told
Daily Briefing Free to read: LNG shipbuilding loses steam as commodity demand tanks | EU given warning over state support for carriers...
Are lifecycle emissions of zero-carbon fuels shipping's problem? Shipowners discuss to what extent the shipping industry should be concerned with lifecycle emissions of fuels
Global LNG exports saw record growth in 2019 LNG shipments headed to Europe mostly in 2019 as compared to Asia which drove the growth in 2018
Pacific coast ports see steep throughput declines Prince Rupert's intermodal sector has been the most affected by the Covid-19 crisis, with May throughput at Fairview Terminal declining...
US firms secure funding for Mexican energy project Mirage Energy president and chief executive Michael Ward says one of the biggest problems in oil and gas transportation is...
South Carolina ports were on record pace before pandemic Fiscal-year finish 50,000 containers below plan is forecast.
Cracking the case of the containerized cocaine New court documents shed light on a shipboard drug ring.
USPS, facing fiscal calamity, confronts new challenges to international parcel competitiveness The U.S. Postal Service (USPS) is fighting to keep its head above water amid staggering financial losses related to the coronavirus pandemic and the Trump...
Lufthansa warns bailout in question, bankruptcy possible Some small and mid-size airlines are filing for bankruptcy, or going out of business. Lufthansa is a major airline and it too is on the...
LATAM Airlines shuts Argentine subsidiary, international cargo unaffected LATAM Airlines Argentina is closing, but the move won't impact international travel.
REFINERY NEWS: Sweden's Lysekil upgrade awaiting government decision An upgrade of Preem's Lysekil refinery near Brofjorden, Sweden, which has been cleared by the highest environmental court in Sweden, was awaiting government approval, the company said June 18.
HONG KONG DATA: Apr fuel oil imports fall 18% on month to 3.34 mil barrels Hong Kong imported 3.34 million barrels of fuel oil in April, down 18.3% from March and down 18.6% year on year, latest data released by Hong Kong's Census and Statistics Department showed.
TENDER DATA: India's HPCL sells HSFO loading July 6-8 from Mumbai HPCL is an occasional seller of high sulfur fuel on a spot tender basis, according to market sources.
REFINERY NEWS ROUNDUP: Crude throughput recovers in China, low utilization in Japan Crude oil throughput at China's domestic refineries further recovered to 13.69 million b/d, jumping 8.2% year on year, to post the first uptick since the coronavirus pandemic, data from the National Bureau of Statistics showed.
ITALY DATA: May oil product demand plunges 28.5% as pandemic slams consumption Italy's demand for refined oil products slumped in May, as the nationwide lockdown to contain the spread of the coronavirus pandemic curbed the movement of people and brought much of economic activity to a halt, data released by industry group Unione Petrolifera showed June 17.
S Korea marine fuel 0.5%S differential plunges to 10-month low on weak demand Poor demand for delivered marine fuel 0.5%S in South Korea has pushed its differential against the FOB Singapore 10 ppm gasoil assessments to a 10-month low of minus $45.35/mt on June 17, S&P Global Platts data showed.
JAPAN DATA: April bonded bunker fuel oil sales fall 8% on month to 2.72 million barrels Japan sold 2.72 million barrels of bonded bunker fuel oil in April, down 8% from March and up 23.8% year on year, Ministry of Economy, Trade and Industry data released June 12 showed.
UAE's Fujairah gets third oil refinery, new storage tanks in quest to build hub Ecomar Energy Solutions has started operations of the third oil refinery in Fujairah as the emirate on UAE's east coast builds its role as an oil trading and bunkering hub.
Bunker fuel trader Glander sees FY2019-20 revenues soar amid IMO 2020 transition Glander International Bunkering reported a 19.4% rise in total revenue in its 2019-20 fiscal year amid an eventful year for the bunker industry, the marine fuel trader said in a statement June 18.
OIL FUTURES: Crude climbs as OPEC+ pushes quota compliance Oil settled higher June 18 as the market eyed a tightened supply outlook amid stepped-up efforts by the OPEC+ group to force compliance with production quotas.
External: Global Risk Management
Taiwan Formosa likely to skip LSFO exports for Jul loading on run cut "We will hold DSAR [desulfurized atmospheric residue] for RFCC feedstock" rather than blending it into low sulfur fuel oil," the source said.
Norway's Boreal Sjo orders two zero-emissions battery powered ferries The ships are expected to commence commercial operations in autumn 2021
Mitsubishi's Petro-Diamond Singapore close to winding up operations Most employees will leave by end June.
Minimal impact from Oita refinery shutdown on west Japan bunker supply: sources "The Oita refinery wasn't producing much since the market for bunkers is not good at all," a trader said.
Exxon boosts trading capabilities with Singapore LNG terminal capacity: sources "There's not much of a contango this year, so it's not worth renting space," a Singapore-based trader said.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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