Canadian Auditor General reports on National Shipbuilding Strategy A report from Canada's Auditor General, Karen Hogan, concludes that the country's National Shipbuilding Strategy has been slow to deliver ships to meet Canada's domestic and international obligations. The audit found that
Singapore's third LNG bunkering license goes to Total The Maritime and Port Authority of Singapore (MPA) has issued a third LNG bunker supplier license. It has been awarded to Total Marine Fuels Private Limited and is for for a five-year
Car carrier explosion raises Gulf of Oman security concerns An Israeli-owned car carrier, the MV Helios Ray, has been damaged by an explosion that occurred when the vessel was in the Gulf of Oman, approximately 44 nautical miles northwest of Muscat.
Solstad Offshore AHTS to head for Australia Skudeneshavn, Norway, headquartered Solstad Offshore ASA reports that its large AHTS Normand Ranger has been awarded a contract in Australia for commencement in second quarter 2021. The vessel will mobilize from Norway
Multiple dredges at work on Mississippi River channel deepening The U.S. Army Corps of Engineers (USACE) is making good progress continues working on the historic project to deepen the Mississippi River Ship Channel (MRSC) to 50 feet. The project kicked off
Shipping's future requires 20/20 vision Transparency creates an opportunity to improve the efficiency of shipping via digitalisation and decarbonisation. But those projects alone do not...
Partnerships and redundancy critical to surviving supply chain chaos Carriers have struggled to keep up with demand in recent months, and reliability and service levels have collapsed. Shippers are...
Terror link to blast on car carrier in Gulf of Oman The cause of an explosion reported on the Ray Shipping vessel Helios Ray in the Gulf of Oman is being...
Maritime interest grows for sustainability-linked bonds Transition bonds are also garnering interest as a bridge between green bonds and sustainability bonds, a Marine Money event heard
DFDS vessel's engine failure linked to poor maintenance Recommendations to MAN and Lloyd's Register after component failure
Leading law firm deepens maritime commitment Expansion comes as key law firms are easing away from maritime, while boutique firms are narrowing their interest. WFW wants...
From the News Desk: Seafarers in crisis Seafarer abandonment cases continue to climb, while suicides are going uncounted. Meanwhile calls are growing to ensure crews are not...
Cement maker overwhelmed by interest in green ship project The cement producer approached the international shipping community last year to work together on a green vessel. The response was...
Better box carrier service will come at a cost, warns Saadé Carriers need to be able to guarantee shipments if they want to offer customers a good service. But customers will...
Daily Briefing Free to read: EU database shows higher emissions than initially reported | Evergreen wins pivotal collision regulations case in Supreme...
The Lloyd's List Podcast: The case for ammonia as shipping's fuel of the future As part of our continuing quest to assess the options for shipping's carbon-free future we're looking at the case for...
Shipping can hit green targets through improved design and efficiency The Wood Mackenzie statement came as CMA CGM chief executive Rodolphe Saadé said his firm will introduce liquefied natural gas-fuelled...
Total awarded Singapore LNG bunker supplier licence The other two licence holders are FueLNG and Pavilion Energy. Total Marine Fuels is expected to complement them in driving...
China's Fujian province rolls out port consolidation blueprint Government said the consolidation plan would help local ports to differentiate their roles and work together for the overall benefit...
Former Cosco Shipping executive named as vice-mayor of Shanghai Employees of China state-owned enterprises are seen as part of the public service, with senior executives and government officials often...
Low prices feed flexible LNG trades Additional players with increasingly diverse needs are now active in the liquefied natural gas market, says Shell
United Airlines settles fraud case over Postal Service contract for $49M United Airlines on Friday became the second airline to pay millions of dollars in penalties for a scheme to defraud the U.S. Postal Service for...
Rickenbacker Airport's cargo roller coaster heads up in 2021 Rickenbacker Airport near Columbus, Ohio, is named after World War I ace Eddie Rickenbacker. The airport is a regional hero, supporting more than 15,000 jobs,...
United Cargo's March schedule dented by removal of Boeing 777s United Airlines took down its Boeing 777-200s with the type of engine that disintegrated on takeoff from Denver last weekend. Now the impact is becoming...
Air cargo goes crazy for K-9 security The dog days of summer may have a different meaning this year. Large numbers of explosives-sniffing dogs will be crawling over airport warehouses by July...
JAPAN DATA: Jan oil product exports drop 29% on year to 385,698 b/d Japan's oil product exports dropped 29% year on year to 385,698 b/d, marking the 11th consecutive year-on-year decline in monthly exports, according to preliminary data released Feb. 26 by the Ministry of Economy, Trade and Industry.
Libyan oil exports set to rise slightly on month in March: sources Libyan crude and condensate exports will rise to 33.53 million barrels in March, up from 31.58 million barrels this month, as flows from the eastern port of Marsa el-Hariga fully return to the market, according to estimates compiled by S&P Global Platts using data from shipping and trading sources.
REFINERY NEWS: India's Reliance Jan runs at 96% India's Reliance Industries Ltd recorded a combined run of 96% at its two refineries at Jamnagar in January, down from 99% a year earlier, oil ministry officials said Feb. 26, confirming that the complex was still to attain pre-pandemic levels.
Texas, Midwest refiners thaw out their plants after polar vortex US refiners are restarting their plants after the recent deep freeze stretching from the Texas Gulf Coast north through the Midwest impacted refinery operations across a broad swath of the country.
SINGAPORE DATA: Jet fuel, gasoil stocks hits 12-week high on ballooning backlog Singapore's onshore gasoil, jet fuel and kerosene stockpiles grew for the fourth consecutive week to hit a 12-week high in the week to Feb. 24 as unviable East-West arbitrage economics continue to trap surplus barrels in the city-state, showed Enterprise Singapore data released late Feb. 24.
European ULSD imports from East at 380,000 mt in February: cFlow Around 380,000 mt of ULSD arrived in Europe from East of Suez markets in February, with 200,000 mt of arrivals in the seven days to Feb. 26, S&P Global Platts' trade flow software cFlow showed.
OIL FUTURES: Crude slides on stronger dollar; market eyes OPEC+ supply boost Crude oil futures finished the week sharply lower as a stronger dollar and expectations of rising global supply continued to pull prices off 13-month highs seen earlier this week.
Venezuelan crude production grows moderately in February to average 570,000 b/d: report The average crude output by Venezuela's state-owned PDVSA and its foreign partners rose to 570,000 b/d in February, or 50,000 b/d more than January and 120,000 b/d above the December average, according to daily production reports reviewed by S&P Global Platts.
Energy services group WFS 2020 marine sales volumes fall 16% on year **Profitability also drops on year **2021 macro outlook more bullish: Platts Analytics
OIL FUTURES: Crude price slide extends as dollar rally accelerates **US dollar tests one-week highs **US consumer sentiment slides in February **OPEC+ likely to raise supply in March
NWE 1% fuel oil crack spread rebounds following early week pressure **1% crack spread shrugs off weakness **Asian fuel oil arbitrage still open: trade
Ship suffers explosion in Gulf of Oman: UK maritime authority A marine vessel in the Gulf of Oman has suffered an explosion, UK Maritime Trade Operations said in an advisory Feb. 26.
ARA fuel oil stocks edge lower 1.3% on week to 1.636 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region, as measured by Insights Global, edged 1.32% lower to 1.636 million mt in the week to Feb. 25, following a similar 1.13% fall the previous week.
BUNKERWORLD INDEX: Prices show bullish signs, track rising crude **Asian buyers securing product ahead of further rises **Tightness in 0.5%S FO expected at Rotterdam **US prices supported by post-storm recovery
JAPAN DATA: January oil products sales rise 3.3% on year, first in 16 months Fuel oil sales surged 43.1% on the year to 179,585 b/d in January when local refiners supplied 751,109 barrels of crude oil for power generation in the month, nearly double from 429,323 barrels in December.
Severe cold spells bolster Japan's heating oil, power fuel demand in Jan **Increased fuel oil, crude supply for power following emergency request **Rare imports of direct-burning crude oil from Southeast Asia **Kerosene imports surge 62%; fuel oil imports triple on year
Singapore's MPA awards third LNG bunker supplier license to Total Marine Fuels **License awarded for five year term starting Jan. 1, 2022 **Move aims to bolster LNG bunkering volumes in Singapore **LNG offers a transitional pathway to decarbonization
SINGAPORE DATA: Residue stocks rise 5% on week on post-holiday re-stocking **Imports fall 7%, but remain above 1 million mt for second week **Exports rise 18% on week to 459,467 mt
TANKERS: Teekay looking to oil demand hopes, lean order book for 2021 freight recovery **Oil demand to rise 5.5 million b/d in 2021 **Total global fleet order book at a 24-year low **Regulatory, financial woes stifle newbuild inquiry
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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