Wakashio Captain and Chief Officer arrested and detained The Captain of the grounded bulk carrier Wakashio, Indian national Sunil Kumar Nandeshwar and the Chief Officer, Tilak ratna Suboda, a Sri Lankan, are now being held in police custody in Mauritius
Carnival discloses ransomware attack In an SEC filing yesterday, cruise giant Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) disclosed that on August 15 it had detected a ransomware attack that accessed and encrypted a portion
Innovative 30 meter Jones Act CTV awarded ABS AiP ABS has issued an Approval in Principle (AiP) for an innovative 30 meter offshore wind crew transfer vessel (CTV) design developed by Portsmouth, U.K. based naval architect firm BAR Technologies and Southampton,
VIDEO: Island Offshore to convert three PSVs to battery-hybrid operation Ulsteinvik, Norway, headquartered offshore services vessel operator Island Offshore has awarded Kongsberg Maritime a contract to supply turnkey hybrid battery solutions for three of its UT 776 CD-design Platform Supply Vessels, Island
Norwegian DNV GL employee suspected of spying for Russia A Norwegian employee of DNV GL suspected of spying for Russia has been remanded in custody for four weeks. The...
Wakashio master arrested in Mauritius The master of the Panama-flagged bulk carrier that ran aground in Mauritius on July 25 has been arrested and charged...
Suppliers call on associations to end payment frustration Saeed Al Malik says suppliers can't keep knocking on shipowners' doors to ask for payment for services already delivered. He...
Crew calls to helplines jump amid health crisis Mental health issues has moved into the top five reasons for calls to support lines amid the health and crew...
Middle East leads steep fall in global crude tonne-mile demand Tanker tonne-mile demand dropped 18.6% in July compared with the same month last year, with preliminary August data suggesting falls...
Green ship finance now accounts for 10% of market and growing There are no current obligation on banks to provide a minimum percentage of green or sustainable finance, but national governments...
From the News Desk: Wakashio disaster raises questions over compensation and crewing Investigations into the reasons behind the grounding of the Japanese bulker off Mauritius are now underway but already there are...
Golden Ocean ups charter coverage due to market uncertainty The John Fredriksen unit said its strategy should lead to higher cashflows and results in the second half of the...
Drop in energy demand will see offshore fleet contract The global slowdown in demand for oil and gas, as a result of the coronavirus pandemic, will result in fewer...
Daily Briefing Free to read: Wakashio spill raises questions over compensation and crew fatigue | Rusting Yemen tanker threatens to dwarf Mauritius...
BHP warns of slowing growth outside China China's demand for iron ore in the second half of this year is expected to be lower than it is...
Baseball project undermines maritime business at the port of Oakland High on the list of concerns is that the planned ballpark will adversely impact the turning basin for ships, blocking...
MISC wins first FPSO project in Brazil MISC hopes to use this breakthrough project to expand into other international projects as it extends outside its home Malaysian...
RCL second-quarter profit jumps on better rates The bulk of the gains for the first half of the year came in the second quarter, as lower bunker...
US, China reciprocate on more airline access Tensions between the U.S. and China are high on a number of trade, diplomatic and security fronts but are easing when it comes to air...
Mexico's president wants to revoke operating concession for Port of Veracruz The Port of Veracruz, one of Mexico's largest maritime trade ports, has a 100-year concession with an entity called Administración Portuaria Integral de Veracruz.
Port of LA records 11 straight months of declines Executive Director Gene Seroka does not want to break the 15-month record set during the recession of 2008-09.
Volga-Dnepr adds 777 to Boeing freighter suite Russian airline has become the 19th customer for the twin-engine, all-cargo aircraft.
American Airlines doubles down on cargo-only flights Several passenger airlines have proven that cargo can be lucrative business during a pandemic with little travel. American Airlines quickly built a dedicated cargo operation...
TRAC Intermodal selects new president Former XPO executive Daniel Walsh succeeds Jennifer Polli, who is credited with leading the chassis provider through "significant transformation."
OIL FUTURES: Crude treads water as market looks for next direction Crude oil futures settled little-changed Aug. 18 as the market traded sideways a backdrop of rising COVID-19 cases and tightened supply outlooks.
ECUADOR DATA: June refined products output at 5.081 mil mt, down 21% on year Ecuador produced a total of 5.08 million barrels of fuels refined from crude oil during June, a 21% decline from a year earlier, but more than three times the 1.85 million barrels processed in May, rebounding from refinery outages and pipeline issues, according to data available Aug. 18 on the central bank's website.
REFINERY NEWS: Sinopec Gaoqiao to export 30,000 mt gasoil in Aug flat to Jul State-owned China Petroleum and Chemical Corp, or Sinopec's, 13 million mt a year Shanghai Gaoqiao refinery plans to export 30,000 mt of gasoil in August, unchanged from the volume in July, a refinery source said Aug. 18.
France's CMA CGM launches new Gothenburg, Hamburg container line French shipping line CMA CGM has launched a new service between Gothenburg, Sweden, and Hamburg, Germany, the port of Gothenburg said in a statement Aug. 18.
Floating storage at two-month lows despite large volumes off China The amount of crude and condensate hoarded on oil tankers worldwide has tumbled to more than two-month lows as the economics for storing oil start to weaken, despite high volumes offshore China putting pressure on the physical oil market, according to analysts.
ECUADOR DATA: June crude output averages 515,000 b/d, down 3% on year Ecuador in June produced an average 515,000 b/d of crude oil, a 3% decrease from the 531,000 b/d produced in the same month last year, but a 53.7% improvement from the 335,000 b/d pumped in May, according to data available Aug. 18 on the central bank's website.
REFINERY NEWS: China's Sinopec Tianjin resumes gasoil export in Aug post works China's state-owned Sinopec plans to export 80,000 mt of gasoil in August from its 276,000 b/d refinery in northern Tianjin municipality, a refinery source said Aug. 18.
REFINERY NEWS: Houston Ship Channel reopens after shutting due to Chevron Pasadena fire The Houston Ship Channel reopened Aug. 18 after temporarily closing following a fire at Chevron's Pasadena refinery in Texas.
Lessons learnt from IMO 2020 are too valuable to ignore: Chevron Marine Lubricants The switch to low-sulfur marine fuels this year is a useful indicator of what might come, as the shipping industry heads towards a future of new fuels, Chevron Marine Lubricants said in a whitepaper article on Aug. 17.
Maintenance at Panama Canal to cut transit capacity Aug. 25-26: ACP Clean tanker market participants have reported extended waiting times for transit slots through the Panama Canal in August, due in part to increased vessel flow in the region and routine maintenance that will decrease the transit allotment between Aug. 25-26 to 21-23 ships daily, according to a spokeswoman for the Panama Canal Authority.
Fujairah bunker supplier Uniper Energy DMCC's Q2 sales rise, LSFO 91% of total Uniper Energy DMCC, which supplies marine fuels at Fujairah, said Aug. 18 its second-quarter sales rose to 1.358 million mt from 1.326 million mt in Q1 and were well ahead of a year earlier.
VLCC premium for short voyages narrows to 2-year low at w2 on weak crude demand The spread between short and long haul VLCC freight rates in the East of Suez on a Worldscale basis has narrowed sharply in August on the back of a weak crude tanker market, S&P Global Platts data showed Aug. 18.
Tight supply supports South Korean 0.5%S marine fuel Tight supply of low sulfur fuel oil in South Korea has lifted values, even as demand has seen no significant change, market sources said.
Singapore M1/M2 10 ppm sulfur gasoil spread hits 10-week low as recovery stunted by resurgence of COVID-19 The Singapore September-October 10 ppm sulfur gasoil derivative time spread hit a 10-week low at the close of Asia trade Aug. 17, as concerns mount that the pace of gasoil's recovery in Asia may be stunted by a resurgence in coronavirus cases on the back of weak demand, and a well-supplied market.
Singapore bunker market expects little impact from report of low flash point marine gasoil The Singapore bunker fuel market has seen some instances of low flash point marine gasoil but the impact on the market has been muted, industry sources told S&P Global Platts Aug. 17 in response to a report that off-specification MGO had been detected at the port.
Ukraine slaps duties on pipeline imports of Russian diesel fuel, LPG Ukraine has imposed 4% duty on Russian diesel fuel and a 3% duty on Russian LPG, both imported by pipeline, through the end of the year, according to a government resolution published Aug.18.
Northwest Germany's Emden starts ship-to-ship LNG bunkering: report The port of Emden in Northwest Germany is now able to offer ship-to-ship LNG bunkering, according to operator Nierdersachsen Ports.
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
