New Los Angeles pilot boats feature Furuno helm suites The two new 56-foot pilot boats recently delivered to the Los Angeles Pilot Service are equipped with full suites of Furuno marine electronics. uilt by Vigor's Vancouver, Wash., shipyard, the Camarc-designed Angels
Austal delivers largest aluminum vessel ever built in Philippines Austal Philippines has successfully delivered Hull 419, a 109-meter, high-speed catamaran ferry, to Fjord Line of Norway. Named FSTR, the vessel is the largest aluminum vessel ever constructed in the Philippines -
Framo pumping systems used to anchor wind turbines Pumping systems from Alfa Laval subsidiary Framo will be used in the installation of the foundations of Seagreen, Scotland's largest offshore wind farm project. Once finalized, the wind farm will include 114
Judge orders removal of Morton Bouchard as Bouchard Transportation CEO In the most recent developments in the Bouchard Transportation Co, Inc. bankruptcy case, in an order signed February 26, U.S. Bankruptcy Judge David S. Jones ordered that Morton S. Bouchard, III "shall
Callan Marine names Greg Harner COO Galveston, Texas, headquartered dredging contractor Callan Marine has hired of Greg Harner as its new Chief Operating Officer. A 36-year veteran of the construction and maritime industry, Harner comes to Callan with
DARPA picks L3 Harris for autonomous ship project L3Harris Technologies (NYSE:LHX) reports that it been selected to design an autonomous surface ship concept for the U.S. Defense Advanced Research Projects Agency (DARPA) in phase one of the two phase No
VSAT and dedicated IoT connectivity keys to digitalisation There has been a more urgent push to connect every device and machine; digitalisation is helping the entire maritime industry...
US sanctions Houthi militants in Yemen Since the onset of the conflict in Yemen, the Houthis, with the support of the Iranian regime, have waged a...
UK ports look to government for shore power support A five-year capital fund, potential reductions in electricity taxation for shore power and a zero-emissions berth standard are some of...
US port productivity hindering supply chain recovery Asian factories and terminals are pushing goods across the Pacific around the clock. But when those containers reach their destination...
CMA CGM bolsters Mediterranean port presence with Spanish deal CMA CGM agrees deal with HMM to take a minority stake in Total Terminal International Algeciras, marking the company's second...
Adding value to port agency in the digital age Inchcape's World of Ports digital portal has evolved into a platform that should prove as essential to owners, operators and...
FSL sells another product tanker Three years ago Greece-based Prime Tanker group acquired control of First Ship Lease Trust and set its sights on renewing the...
Tanker linked to Lim family arrested in Singapore German lender Hamburg Commercial Bank is one of several foreign banks exposed to Hin Leong Trading shipowning affiliate Xihe Holdings...
Genco chief sees 'perfect rainbow' over dry bulk market Genco's chief executive says demand for coal, grains and minor bulks, has kept rates buoyant for the smaller sizes. But...
Liner shipping leaders look to mutual commitments in contracts The pandemic has shown up the weakness of current container freight contracts that offer no compensation for rollovers or no...
Changing lanes: China retains 'factory of the world' crown amid pandemic China's exports are on track to return to pre-pandemic levels despite the initial shock of the coronavirus last year. The...
Shipping will need to manage uncertainties as pandemic recedes There has been 'significant' disruption in the ocean business in the past year, with 'rocket-high rates', a lack of reliability...
Israeli vessel still covered if explosion deemed an act of war, says lawyer 'If you and I had a contract and people do warlike things, the starting proposition is that nothing affects our...
Industry pledges to raise mental health awareness British Ports Association, Nautilus International and Iswan, are among 29 signatories, and more have been invited to join the new...
Sri Lankan port launches wholesale bunker supply service The Sinopec unit imported 25,000 tonnes of very low sulphur fuel oil into Sri Lanka in April 2020, but the...
China and India seen as key drivers for LPG shipping Seaborne LPG trade has on an average surged by 4% annually during 2016-20, and LPG consultant Shantanu Bhushan expects the...
BIMCO decries 'impossible' IMO efficiency rule changes BIMCO deputy secretary-general Lars Robert Pedersen says proposed regulatory changes could increase CO2 emissions, as they rely on an efficiency measure...
Daily Briefing Free to read: Floating storage and subterfuge oil trades pose earnings drag for tankers | From scrapping to sanctions-busting |...
Shipping's transparency revolution Global trade efficiency relies on it, shipping's decarbonisation transition demands it and both financial and security regulators are monitoring it...
Ask the Analyst: The data sharing paradox The key to unlocking the maritime transparency treasure chest is access to comprehensive data. What do you do if parts...
Regulators weigh in on fight between tankers and container ships Maritime regulators warn the Houston port agency against restrictions that could hamper the Gulf Coast container trade.
Kalitta Air pilots ratify four-year contract Kalitta Air pilots on Tuesday ratified a new collective bargaining agreement, which the Air Line Pilots Association says significantly improves retirement benefits and working conditions....
Is dry bulk shipping's strange Q1 a sign of strength to come? The bosses of public dry bulk shipping companies claim that recent market oddities point to good times ahead.
CMA CGM steering LNG-powered ships to US "American customers will be able to choose to transport their goods using LNG, a new technology that helps to preserve air quality by eliminating almost...
California cracking down on illegal vessel fuel starting in May California will boost testing procedures to enforce distillate fuel regulations.
Airlines, pilots plead for more federal aid to retain workers The airline industry took a massive punch from the pandemic last year, but most carriers have stayed on their feet. Airlines and their employees say...
GSCW chat recap: Big year ahead for maritime tech startups Evan Efstathiou discusses why VCs are looking to invest more in maritime just as shipowners are looking to partner more with startups.
GSCW chat recap: Contract challenges as ocean carriers gain upper hand Ocean Audit CEO Steve Ferreira chats with Vanguard Logistics Services Vice President Stephanie Loomis about what importers and beneficial cargo owners can expect as they...
GSCW chat recap: Managing the container storm Federal Maritime Commissioner Carl Bentzel discusses the agency's options in regulating rates and service amid the booming U.S. container supply chain.
GSCW chat recap: Opening Arctic shipping lanes The commanding officer of the U.S. Coast Guard icebreaker Polar Star talks about the commercial challenges and opportunities in the Arctic.
UK Feb diesel imports rise 40% on month: Kpler The UK imported 821,732 mt of diesel in February, up 40% from January but 6.1% lower year on year, according to data from commodity information company Kpler.
Med 0.1% gasoil at six-month low after new Egyptian refinery adds supply The Mediterranean 0.1% gasoil cargo market's relative value has fallen to a six-month low on weak demand from North Africa because a new refinery in Egypt has started adding local supply, sources said.
Brazil's Petrobras to increase diesel, gasoline prices by 5%, effective March 2 Brazilian state-led oil company Petrobras increased domestic diesel, gasoline and LPG prices at the refinery gate, effective March 2, in a move that continued a string of price hikes to start 2021 as the company scrambles to maintain parity with imports amid rising oil prices, the company said March 1.
CERAWEEK: Colombia accelerating reforms to attract investment in clean energy generation The government of Colombia is accelerating the design of important reforms to attract foreign direct investment in clean energy generation so that the country can develop its solar and wind resources, President Ivan Duque Marquez said March 1 on the opening day of CERAWeek by IHS Markit.
Open interest for LSFO continues to rise in Feb; HSFO dips Combined open interest on the forward curve for low sulfur fuel oil futures contracts continued its upward trajectory in February, setting a new record for the sixth consecutive month, while combined open interest on the forward curves for high sulfur fuel oil moved in the opposite direction, data from the Intercontinental Exchange showed March 2.
USGC middle distillate shipments to Europe at 80,000 mt in March so far: cFlow Around 80,000 mt of US Gulf Coast middle distillates are set to arrive in Europe in March so far, with one 40,000 mt cargo sent in the seven days to March 2, according to to cFlow, Platts trade flow software, despite weather-related refining outages on the US Gulf Coast.
Chinese demand recovery hopes fade for Atlantic Basin crude sellers With barrels of crude oil that will arrive in China in May now changing hands, hopes that demand from its refiners for African and European crude would tick higher following spring maintenance may have been premature.
OIL FUTURES: Crude prices retreat amid expectations of rising OPEC+ supply Crude oil futures settled lower March 2 as concerns of rising global supply continued to add bearish pressure.
CERAWEEK: ADNOC sees oil consumption returning to pre-pandemic levels by end-2021 **CEO sees current global demand at 94 mil-95 mil b/d **Jaber bullish on future oil demand amid energy transition **ADNOC touts its 'low-cost, low-carbon' model
OPEC secretary general stresses need for caution in managing oil market recovery **OPEC, allies will meet March 4 to decide on oil quotas **Pandemic still presents downside risks: Barkindo **OPEC forecasts 5.8 million b/d demand growth in 2021
Global carbon emissions from energy rise 2% in December: IEA **Increase driven by recovery, lack of clean energy policies **Many economies seeing emissions exceed pre-COVID-19 levels **Not enough being done to accelerate energy transition: Birol
European fuel oil swaps volume traded in Platts MOC up 55% on month in Feb **85,000 mt of fuel oil derivatives traded in London MOC **BP largest buyer with eight completed trades
Europe and Africa residual fuel: Key market indicators this week ** Support remains on lower sulfur fuel oils, as reduced refinery runs continue to dampen resupply ** Fundamentals diverge between low and high sulfur products
Japan's ENEOS to raise weekly wholesale oil product prices by Yen 2,000/kl: sources ENEOS' domestic rack prices typically follow trends in crude procurement costs rather than movements in global product prices, industry sources said.
Shanghai/Zhoushan bunker market expected to firm on turnaround, strong demand in Mar **Chinese refineries going under maintenance **Costs of imported bunker fuel higher than domestic
Mediterranean Handysizes reach 10-month high amid tonnage tightness **Freight rates reach 10-month high **Charterers fix forward amid weather expectations
INTERVIEW: Nigeria's Dangote refinery to start up in Jan 2022, set to be largest in Africa **Targeting mechanical completion by end-2021 **Refinery will reduce Nigeria's reliance on fuel imports **Project has been repeatedly delayed since 2013
LNG bunker barge arrives at Port Canaveral amid growing interest **LNG bunkering demand could grow to 9 million mt by 2025 **Range of future fuels is likely: Platts Analytics
Neste scales up renewables business with acquisition of Bunge's plant in Rotterdam **Deal to boost Neste's feedstock processing capacity **Facility linked to Neste's existing biodiesel plant **Eyes 4.5 mil mt/year renewables capacity by Q1 2023
LPG-fueled tankers gain momentum, 54 tankers ordered globally: JLPGA chairman LPG-fueled tankers are gaining momentum as the LPG industry's response to use cleaner fuels for shipping, with a total of 54 LPG-fueled tankers are being ordered to be built globally, Tsuyoshi Ogasawara, chairman of the Japan LP Gas Association said March 2.
REFINERY NEWS ROUNDUP: Russian spring turnarounds start in March Russian refineries, especially bigger ones, increased their runs slightly in February as refinery economics improved and the Russian authorities recommended higher throughput for higher gasoline stocks.
BW LPG expects VLGC market to stay under pressure in Q2 2021 Despite the recent correction in VLGC rates, "we continue to hold a positive outlook for the medium term VLGC market," BW LPG said.
CERAWEEK: Petroleum sector looks to build on carbon capture for more 'carbon-neutral' oil Oxy said it expects to begin delivering net-zero oil from direct air capture to customers in 2024.
Denmark's Torm adds eight tankers to its fleet, banks on 2021 recovery Torm agreed to buy eight 2007-12 built medium-range tankers for a total cash consideration of $82.5 million.
Fujairah delivered 380 CST bunker drops to 7-month low on subdued demand "We have dropped out for now [in supplying HSFO]. Market was not healthy enough," a bunker supplier said.
Container rates to Europe from North Asia hit fresh all-time highs "Look at the impact the vaccine is having, we are going to ease restrictions across Europe by summer," a carrier source said.
Russia approves tax refund mechanism aimed at boosting refinery upgrades The government expects that the refund could lead to the construction of around 30 units in the next 6-10 years.
Shell plans bio power-to-liquids project at Rheinland refinery Construction for the expanded electrolyzer project, Refhyne II, could start 2022 pending a final investment decision.
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