IMO panel agreement on CO2 reduction gets mixed reviews An International Maritime Organization working group that met virtually last week has produced a proposed package of additional CO2 reduction measures for the existing global shipping fleet. The draft text will now
Four charged in fake merchant mariner credential conspiracy The U.S. Department of Justice reports that four individuals have been charged for their roles in a conspiracy to sell phony U.S. Coast Guard merchant mariner credentials in Norfolk, Va. According to
Costa Cruises completes Italy's first LNG bunkering operation Carnival Corporation's Costa Cruises brand reports another milestone for Costa Smeralda, its first ship fueled by liquefied natural gas (LNG). The Costa flagship's bunkering with the fuel on October 25 in the
Versatile cat targets through-life efficiency Built by the Aluminium Marine shipyard in Brisbane, Queensland, Australia, Coolgaree Cat, is a versatile 32-meter Incat Crowther catamaran ferry developed specifically for operator Sealink Travel Group's Palm Island and Magnetic Island
Maersk enters partnership to supply coronavirus vaccine Maersk signs deal with US pharmaceuticals company for shipments of up to a billion doses in 2021
Boxship in collision with Greek minesweeper off Piraeus Madeira-flagged, Essberger-owned containership Maersk Launceston collided with the Greek minesweeper Kallisto, which had to be towed to port in two...
Slowing Italian oil demand signals tougher times for tankers Preliminary numbers showing gasoline demand 21.% lower year on year indicate that the second wave of coronavirus lockdown measures is...
Charterers criticised for 'no crew change' clauses Charterers are said to be using 'no crew change' clauses in charterparties to avoid taking on the added costs of...
Scorpio speeds up dry bulk exit in shift to offshore wind The company said it wants to concentrate its efforts on the renewables sector, which seems to be attracting more financing...
Tanzania de-flags tankers for 'illicit transfers' of Iranian crude Removals follow letters to Tanzania's Zanzibar Maritime Authority from a US-based NGO, United Against Nuclear Iran
UK's freight ecosystem braces for massive changes The UK's freight ecosystem faces massive changes in how it does business with its European trading partners
West weighs in with 7.5% surcharge Move comes after International Group affiliate hinted at third successive pricing increase in annual report published in August, and with...
'We Greeks strive for shipping's common good,' says Veniamis As he nears the end of a 12-year stint as president of the Union of Greek Shipowners, Theodore Veniamis wants...
Greek ferries feel the full brunt of pandemic A vital contributor to the economy as well as a lifeline to the country's island population, Greece's ferries face a...
Stowaways' tanker was denied port access by France and Spain Despite passing through the jurisdiction of France, Spain and Portugal, Nave Andromeda ended up becoming the responsibility of British authorities...
Daily Briefing Free to read: Stowaway drama highlights policy and legal vacuum | Vessel owner praises 'calm' crew after security incident |...
US sanctions more key Iran parties for illegal shipments The wide-ranging sanctions hit important elements of the Iranian oil sector, including the Petroleum Minister Bijan Zanganeh. The US State Department...
Malaysian work boat sinks offshore Sarawak A massive search and rescue operation after the vessel sank at Baram field offshore Sarawak resulted in all the crew...
Marine insurance sector faces turbulence from climate change Standard P&I club warns that the frequency and ferocity of the storms are increasing year on year, causing much more damage...
A321 converted freighter debuts with Australia Post The Airbus A321 is a ubiquitous people-hauler, but now Australia Post has the first freighter version of this popular aircraft.
Shipping climate clash: What it means to bottom lines What happens next at the IMO will affect oceangoing ship capacity - and freight rates - for decades to come.
Fixed costs to sink airlines unless governments intervene, IATA warns Airlines have cut costs to the bone to survive the COVID pandemic. Shrinking the bone - maintenance, airport fees, labor and aircraft rent - is...
Golden Ray dismantling equipment arrives in St. Simons Sound Ro-ro vessel has lain on its side since running aground while sailing from the Port of Brunswick in September 2019.
Port of Savannah longshoreman missing after fall into water Coast Guard helicopter and response boat used along coast of Georgia.
Supply chain veteran leading Denver's Transportation Institute David Fisher's 30 years of industry experience is expected to advance the university's graduate program for transportation, logistics and supply chain executives.
Commentary: Operation Warp Speed logistical plan takes 'whole-of-America approach' In the world of politics, the complicated distribution of a COVID-19 vaccine is greatly simplified. It must be for messaging and public confidence. President Trump,...
Amazon taps airline executive to oversee sort centers Amazon gets the pick of the litter. Its latest hire is an American Airlines executive picked to run local terminals.
Maritime History Notes: 'Jumboized' T-2 tankers How former World War II-built American tankers became the bulwark of international commercial oil transport in the 1950s and 1960s.
Crowley readies dive into offshore wind farm work Crowley has the Jones Act-compliant marine transportation assets to accommodate the start of the burgeoning U.S. offshore wind industry.
TENDER DATA: S Korea's EWP seeks 38,000 mt 540 CST LSFO for Nov delivery EWP last bought via tender 38,000 mt of 540 CST LSFO with maximum 0.3% sulfur for delivery to Ulsan Sept. 24-28 from Hyundai Corp. at a premium of $60-$80/mt to the September average of MOPS 180 CST HSFO assessment, CFR, S&P Global Platts reported previously.
Mexico's bunker market faces limited storage availability: Navalmex A lack of storage and tax regulations for fuel imports are the main hurdles private companies in Mexico are currently facing to develop the bunker industry in the country, Leonor Mondragon, general director at Navalmex, told S&P Global Platts.
TENDER DATA: Mauritius' STC seeks HSFO, LSFO for 2021 PetroChina is the current supplier of STC's 2020 fuel oil term contract, market sources reported earlier, although pricing details were not available.
BRAZIL DATA: Diesel, bunkers drive refinery output up 7.8% on year in Sep Brazil's refineries registered a fourth consecutive month of year-on-year output growth in September amid ongoing strong demand for ULSD and low sulfur bunker fuel, according to data released Oct. 27 by the National Petroleum Agency, or ANP.
OIL FUTURES: Oil climbs as Hurricane Zeta takes more US output offline Energy prices settled higher Oct. 27 as US Gulf of Mexico operators shut in crude production ahead of Hurricane Zeta, tightening supply outlooks.
Japan moves to develop fuel ammonia supply chain with potential 20 mil mt/year demand **Fuel ammonia seen as effective for carbon neutrality **METI sees fuel ammonia as zero-emission fuel which can be deployed quickest **Series of pilot projects underway for co-burning ammonia
Crude higher in Europe as Hurricane Zeta locks in production **Hurricane in US limits production **Coronavirus keeps ceiling on prices
Germany's Heide slightly reduces runs on end of bitumen season **Bitumen output capacity may switch to fuel oil production
Gothenburg port Q3 throughput suffers from COVID-related industrial downturn **Container volumes down 9%, energy products 26% **Port expects volumes to pick up again in Q4
Bunker fuel supply tightens in North Asia on weak gasoil margins "Our refinery will maintain its overall operating ratio below 70% in November too, so I think supply will still be tight," a source with a South Korean refiner said.
Singapore LSFO-HSFO spread recovers from 45-day low amid stable HSFO demand "[380 CST] HSFO is and has been more bullish [than LSFO] for some time now," a trader said.
Uptick in fuel demand spurs increases in India's refinery runs, crude purchases "We expect oil demand and refinery run to reach the pre-Covid 19 levels in the first quarter of 2021," an oil ministry official said.
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