BOEM designates WEA off Central California The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) today announced its designation of the Morro Bay Wind Energy Area (WEA) offshore California. The WEA is located approximately 20
Mississippi River dredge to handle Missouri River problem The Kansas City Engineer District has received what it calls "critical assistance" from the St. Paul Engineer District in a pilot project. The project will deal with sediment that had created shallow
Canada to convert another offshore vessel to interim icebreaker The Canadian Coast Guard is set get a fourth interim icebreaker converted from a former icebreaking offshore vessel. Earlier this week it reported that, following a competitive process, it had purchased "a
Master Boat Builders launches advanced hybrid tug for Seabulk Master Boat Builders, Inc. reports that its Coden, Ala., shipyard recently launched the hybrid tugboat Spartan. The first of two vessels of this type ordered in December 2019, it is set for
Carnival to base LNG-fueled Jubilee in Galveston Carnival Cruise Line yesterday announced that all 22 of its U.S.-based cruise ships will be back in guest operations by March 2022. And it used the annual CruiseWorld travel advisor conference in
COP26: An omen of what's to come at shipping's next climate showdown The same political divides that hampered COP26 will hamper the International Maritime Organization. But pressure on the IMO is at...
Pending panamax route changeover creates freight trading challenges FFA sector's reluctance to trade using the new contract stems from the unexpected gain in rates for all bulk carrier...
Maersk integrator strategy an 'opportunity' for some forwarders Senior freight executive says market shake-ups always lead to 'a fair share of customers re-evaluating their position in terms of...
P&I premiums were too low, too long. Expect to pay more You pretty much have to be a boomer to remember significant inflation. But rising prices are back, and that goes...
Höegh Autoliners aims for listing as rival pulls Oslo IPO Gram Car Carriers, the third-largest tonnage provider in the car and truck carrier segment, said it decided to postpone its...
Hapag-Lloyd's Habben Jansen calls for round-the-clock delivery to clear backlogs Carriers have done all they can to add capacity and equipment. The delays now are being caused by inefficiencies on...
FFA trading doubles to twice the size of dry bulk commodities market Hedge funds and speculative traders now comprise 35% of market, Baltic Exchange conference hears
It's too soon to be bearish on Hong Kong The real risk facing Hong Kong is that the more integrated it becomes as part of China, the more likely...
Celsius orders LNG carrier pair at Samsung The new vessels, which offer greater efficiency, are scheduled for delivery in 2024, upon which they will enter into long-term...
Standard opts for going rate P&I general increase International Group affiliate reveals combined ratio for the past policy year has drifted out from 121% to 124%, with a...
Monjasa emissions data shines light on impact of customers Danish bunkering company is measuring its customers' CO2 emissions after devising a modelling tool with Deloitte to examine its own...
COP26: Will summit's ambitions for shipping translate to progress at IMO? Corporate collaboration and the active involvement of governments and regulators - not least the International Maritime Organization - is the key to...
Scorpio Tankers raises liquidity amid third-quarter loss Company raised $53.1m through refinancing of vessels and is in talks to raise a further $34.1m as it banks on...
Ikea sees cost-sharing in shipping decarbonisation As cargo owners push more stringent targets, there are calls for regulations that reduce the decarbonisation price gap
The Lloyd's List Podcast: A fair COP? Where climate talks leave shipping Those representing shipping at the COP26 climate talks have left broadly optimistic about some progress amid the hot air and...
Daily Briefing Speculative carriers squeezed by US port congestion | Søren Toft: No silver bullet for supply chain crisis | Head of...
San Pedro Bay ports start offshore queueing system to clear cargo Incoming vessels will have to wait 150 miles off the coast of Southern California until a berth becomes available
Co-ordinated action is essential to mitigate maritime supply chain crisis The problems caused by the supply chain crisis have yet to be resolved. The next challenge is staff shortages
Hapag-Lloyd rakes in $3.9B in Q3, sees no plunge in rates yet Rates expected to remain strong into 2022, fallout from new ship deliveries in 2023-2024 to be muted.
Supply chain desperation: Georgia airport to store ocean containers Desperate times call for desperate measures, and Georgia port officials are pulling every lever possible to reduce shipping delays that are having a national impact.
COP26 climate event highlights cargo airlines' shift to cleaner jet fuel Social, financial and government pressure has airlines making a big push to decarbonize.
COP26: Price spikes bolster North Sea industry's case for enduring role UK oil output has fallen by 60% since 2000 and Norwegian and Danish output by 45% and 80% respectively over the same period, while the UK has gone from being able to meet all its own gas needs to covering barely 50% from indigenous sources.
Container line Hapag-Lloyd's bunker costs rise in Q1-Q3, supply chains under pressure Platts assessments of Rotterdam barge swaps for 0.5% sulfur fuel oil, the prevalent bunker fuel, show a backwardated market structure.
EU Emission Allowances surpass Eur62/mt resistance level in Week 45 According to S&P Global Platts Analytics, EU Emission Allowances prices are expected to remain supported until the end of Q1 2022.
SPAIN DATA: Refinery throughput up 14% in Q3 Total throughput for the country's refineries was 15.9 million mt, up 15% year on year, meaning an operating rate of approximately 85% in the quarter for the country's nine operating refineries.
OIL FUTURES: Crude prices retreat on OPEC demand outlook, US uncertainty There are concerns that, if OPEC continues with its plan to step up production in 2022 as previously agreed, the market will be oversupplied, even if member countries continue to fall short of their production quotas.
RUSSIA DATA: Jan-Oct throughput at sea ports up 2% on year There are signs that oil throughput could rise as Russian production is increasing as the OPEC+ producer group eases its output quotas in response to demand increases on the back of vaccine rollouts and governments easing lockdowns.
RUSSIA DATA: January-September oil product exports rise 2.7% on year Russia exports diesel, fuel oil and jet fuel to international markets, and recently started exporting gasoline to Northwest Europe for onward shipment to Africa and the Americas.
Vopak expects recovery in 2022 after falling occupancy in Q3 on pinched oil supply Vopak is repurposing existing infrastructure for fuel oil to make way for lighter fuels. The company plans to invest in a conversion from fuel oil to clean petroleum at its Los Angeles terminal in the US.
Global mobility wobbles after hitting fresh post-COVID high The figures, a key barometer for gasoline, diesel and jet demand, were dragged down by the impact of major national holidays in Brazil, Mexico, India, Japan, Russia and in most of Europe's biggest economies.
ARA fuel oil stocks up 5.2% on week: Insights Global European fuel oil traders attributed this divergence between high sulfur and low sulfur grades to a relative weakness in the high sulfur market, caused primarily by a drop in import demand from Asian utilities.
BUNKERWORLD INDEX: VLSFO rises as crude supply concerns weigh on varying marine markets **More VLSFO to be available at Zhoushan **Congestion expected at Malta following closure **Stable demand in Latin America
FACTBOX: COP26 declarations abound but commitments still falling short of Paris Agreement Over 20 countries including the US, Japan, Australia and Canada signed the Clydebank Declaration during COP26 to develop at least six green shipping corridors between two or more ports by 2025 and "many more" by 2030.
Scorpio Tankers says scrubbers to bring higher earnings on widening bunker spread The spread between HSFO and VLSFO, which has increased on the back of multi-year high bunker prices in October, is expected to widen going further into the fourth quarter and 2022, management said.
SINGAPORE DATA: Residue stocks reverse five straight weekly increases to fall 2.6% The decrease in stock levels came despite a 16% increase in fuel oil import volumes over the same period to 936,520 mt, fueled by weekly increases from the Americas and the Middle East.
China's additional bunker fuel quota to weigh on Zhoushan prices: sources China's Ministry of Commerce on Nov. 10 allocated an additional 1 million mt of quotas to Sinopec, PetroChina and CNOOC to export their domestically produced bunker fuel oil for bonded bunkering at China's ports in 2021.
South Korea's western ports resume bunkering operations as weather improves Bunkering operations were suspended on Nov. 10 due to strong winds.
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