DNV: EU has tough new shipping GHG regulations in the works Get set for new European Union GHG regulations for all ships calling EU ports. Just how tough and how soon? An explainer from classification society DNV says that the regulations will come
Empire Offshore Wind selects giant 15 MW Vestas turbines for two NY wind farms Empire Offshore Wind, a joint venture between Equinor and BP, has selected Vestas as its preferred supplier for wind turbine generators for both the Empire Wind I and Empire Wind II wind
Pipeline spill investigators board MSC box ship U.S. Coast Guard and National Transportation Safety Board (NTSB) marine casualty investigators boarded the 14,028 TEU containership MSC Danit on Saturday, in the Port of Long Beach. Prior to the visit, U.S.
Detyens wins $8.9 million cable layer contract Detyens Shipyards Inc., North Charleston, S.C., has been awarded an $8,991,045 firm-fixed-price contract for a 90-calendar day shipyard availability. The work to be performed provides for services for the regular overhaul and
Gunvor Group charters 'ultra-eco' gas carriers from Celsius Shipping Ships marketed by Gunvor as the 'most efficient LNG vessels ever built'
Decarbonisation proceeds should fund developing countries' ports Ports in developing countries should receive a significant share of the funds raised by a carbon tax or cap-and-trade scheme...
No relief in sight for struggling US supply chains Carriers have laid on all available capacity to serve the US market. But congested terminals and shortages elsewhere in the...
Boxships 'cheaper to buy than charter' Two-year chartering rates equate to 73% of the price that container line CMA-CGM paid for its latest acquisition
Maersk acts to clear empty boxes at clogged European ports Service delays or ship diversions are not unusual, but container lines have never experienced such a prolonged period of disruption...
AAL orders four heavylift vessels as market improves Project cargo specialist AAL is ordering four 32,000 dwt multipurpose vessels, having bought six secondhand ships in the past. They...
Shippers warned to brace for bafs The lower fuel prices in the early phases of the pandemic have been reversed. Shippers will now have further costs...
Zodiac exercises dual-fuel boxship option at DSME Newbuildings were said to be the second batch of optional vessels exercised by the owner, which ordered a series of...
Bocomm Leasing orders eight ultramaxes at Cosco yard The 63,600 dwt eco-designed vessels, which cost about $31m each, will be delivered from 2023
Cosco tanker unit launches VLCC pool Owners, including Landbridge, Wah Kwong and Navios, have signed letters of intent to join the pool, which has also won the...
Daily Briefing FrontNav - a tanker giant 20 years in the making? | Don't scapegoat shipping for the world's just-in-time jitters |...
Precious Shipping denies link to drugs found on bulker Precious Shipping says drugs were found on Chayanee Naree on September 18 at a port in Brazil. Drugs were also...
MOL eyes ammonia-fuelled main engine order Agreement is expected to further instil confidence in the German engine maker, which is working on projects aimed at delivering...
MSC vessel searched by US oil spill investigators The coastguard believes that a ship's anchor could have hooked and dragged an underwater oil pipeline more than 30 metres...
First containers, then dry bulk, now LNG shipping rates are spiking The ocean shipping boom is spreading across vessel types. Spot LNG shipping rates just topped $150,000 per day.
Biden nominates climate expert to lead Maritime Administration Some are questioning President Biden's pick to lead the Maritime Administration for a lack of commercial shipping experience.
Supply chain gridlock dominates Sunday talk shows The Biden administration is pushing industry to take immediate and long-term steps to get ports and intermodal transport working smoothly.
INTERVIEW: Peninsula sees robust future for scrubbers amid high oil prices
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week Arbitrage opportunities for LSFO lessened last week, according to traders, while the 0.5%S marine fuel complex was weak.
OIL FUTURES: Crude rally continues as Brent rises to near three-year high The bullishness in the crude market followed reports in the week ended Oct. 16 by OPEC and IEA confirming global supply shortages, improving mobility and an increased demand outlook.
RUSSIA DATA: Jan-Sep crude, product port throughput falls 1.3% on year Russian crude exports declined as a result of OPEC+ cuts and the impact of increased refinery runs in the country..
Operations getting back to normal at Russian Black Sea port Novorossiisk The renewed stormy weather affected loadings which had only resumed Oct. 12 following an earlier storm that started Sept. 27.
Japan's METI minister will ask major Middle East oil producers to hike crude production The rare move will come after Prime Minister Fumio Kishida directed Chief Cabinet Secretary Hirokazu Matsuno earlier in the day to have the METI minister and other cabinet members coordinate Japan's response to soaring oil prices.
Bunker sales in Panama mostly stable in September; VLSFO recovers Total bunker sales in the hub -- comprising 0.5%S, marine gasoil and high sulfur IFO 380 -- fell to 388,027 mt, a drop of 0.2%, or 613 mt, compared with August, Panama Maritime Authority data showed.
Asia residual fuels: Key market indicators for Oct 18-22 Soaring gasoil and jet fuel values are driving Asian refiners to produce more middle distillates, resulting in a cut in fuel oil output.
CHINA DATA: Sep crude throughput dips to 17-month low at 13.7 mil b/d China's September crude oil throughput extended its downtrend to dip 0.7% from August to a 17-month low of 13.7 million b/d amid a slow down in the economy and product destocking activity, data from the National Bureau of Statistics showed Oct. 18.
Fujairah delivered marine fuel 0.5%S premium at near seven-month high amid strong demand The firming demand for spot delivery of the International Maritime Organization-compliant bunker fuel has stretched barging capacity and cargo availability at the Middle Eastern port of Fujairah, traders said.
Singapore-Fujairah delivered 0.5% sulfur marine fuel spread near 5-month low While bunker barges at Fujairah were busy on the back of firming demand for the International Maritime Organization-compliant bunker fuel, a short-term tightness in cargo availability appeared as a result, traders said.
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