Carbon levy on shipping could be getting nearer The International Chamber of Shipping (ICS) reports that an IMO working group session that concluded today has made progress on the issue of imposing some form of carbon levy on shipping. According
Sea Machines autonomous tug completes 1,000-mile Machine Odyssey Boston, Mass., headquartered Sea Machines Robotics reports that the autonomous and remotely controlled tug Nellie Bly has arrived in Hamburg after completing a 1,000+ nautical miles autonomous "Machine Odyssey" around Denmark. The
Newsom issues executive order on port congestion As the number of ships at anchor or in holding areas at San Pedro Bay continues at record highs, California Gov. Gavin Newsom this week issued an executive order aiming to tackle
FERRIES 2021: Pace Ralli to speak on first zero-carbon, hydrogen fuel cell ferry Speakers at Marine Log's upcoming FERRIES 2021 will include Pace Ralli, founder and CEO of SWITCH Maritime. On November 10, the second day of the conference, he will speak on the first
Royal Caribbean to debut fuel cell battery-hybrid cruise ship Next summer, Royal Caribbean Group (NYSE:RCL) is set to debut what it claims will be the cruise industry's first hybrid powered ship, (though Norway's Hurtigruten might quibble with that) as part its
Clarksons: Global port congestion reaches new highs Port congestion isn't just a containerships and California problem, it's a global issue across a range of shipping sections and has now reached new highs according to the latest Clarksons Port Congestion
Duluth-Superior boosts box handling capabilities Officials at the Port of Duluth-Superior announced today that Duluth's Clure Public Marine Terminal now has the ability to handle significantly larger volumes of international shipping containers transported by vessel, in an
Nobody ever won an argument with a customer. Especially not when he's Jeff Bezos LNG is increasingly being written off as a fossil fuel without a scalable pathway to genuine zero-emissions fuels, and that...
Ruling out LNG from shipping's green path is 'incredibly short-sighted', say backers Amazon and other important retailers have joined Maersk and the World Bank in refusing to support liquefied natural gas as...
Supramax market could erase gains Average spot rates edged towards a record $40,000 per day on the Baltic Exchange on Thursday. They have since retreated...
Signal Maritime adds 10th Shell MR to pool 'We have proven that Athens can also be a leading maritime tech and services hub,' says Ioannis Martinos
China port congestion crucial to dry bulk rates direction as demand slows Port congestion that has help propel bulk carrier rates to 13-year highs is seen unwinding as China's demand for bulk...
Capesizes drop a further 10% in one day Spot daily rates are heading towards the $50,000 mark for the first time since September 10, which is 20% lower...
West of England chief defends 'robust and decisive' rate hike 'I don't think we'll be one of the smaller general increases, but my prediction is there will be other clubs...
Port congestion worsens as new records set From Long Beach to Felixstowe, ports around the world are facing logjams. Where possible, container lines are skipping the worst-hit...
The Lloyd's List Podcast: Should shipping be singing the GI blues? On this week's podcast, we are assessing the outlook for general increases, or GIs to those in the know, at...
CIMC Raffles confirms Zodiac's dual-fuel car carrier order Newbuilding project will add to a rapid-growing orderbook worth $4bn in the niche segment, most of which are LNG dual-fuel...
Daily Briefing Chinese lessors weigh options of bearing owners' green risks | Reefer sector loses its allure | Frangou says Navios will...
Cargo Force wins $100 million Postal Service contract for Priority Mail Cargo Force is the intermediary between the U.S. Postal Service and FedEx on Priority air shipments.
Lufthansa Cargo sells MD-11 freighters to Western Global Airlines The iconic MD-11 has ended its run with Lufthansa Cargo. The 23-year-old planes now head to a U.S. cargo carrier.
Port logjams increase biofouling, harming fuel efficiency, marine life - study The number of idling vessels has roughly doubled in the past decade, in part due to port congestion, a recent study finds. Idling vessels are...
Shadow inflation: Shipping costs are up way more than you think Ocean cargo shippers are paying more than they ever have before for the worst service they've ever experienced.
Valero's Q3 refining margins rebound on strong demand, low inventories Valero Energy's refining margins jumped in the third quarter as the economic recovery from the coronavirus bolstered demand, and will likely remain strong going forward in part because of low inventories, the company said Oct. 21.
Plug Power breaks ground on its largest green hydrogen facility in New York Plug Power has begun construction on a $290 million hydrogen production facility and electrical substation in New York's Genesee County that the company says will provide transportation fuel to customers at prices competitive with diesel.
OIL FUTURES: Crude rally extends as market eyes tighter supply, demand balances Crude oil futures pushed higher Oct. 22 as the market eyed tightened supply and demand balances in coming months.
China's fuel oil imports from Singapore rise in Oct as domestic refiners shift to gasoil Singapore's fuel oil exports to China are surging in October as Chinese refiners lower low sulfur fuel oil production in favor or more profitable gasoil, with at least eight Aframaxes chartered to load fuel oil on the route in the month, up from the usual three-five cargoes, according to brokers.
RUSSIA DATA: September fuel oil exports climb 11.1% on year to 2.727 mil mt Exports were higher year on year because of a global increase in demand for oil products, and because of higher refinery throughput.
EU ETS would add Eur200/mt onto bunker bills at current levels: DNV official The EC's legislative proposal forecasts CO2 emissions from shipping being included in the EU ETS from 2023, but with companies only having to surrender 20% of their obligation that year, rising to 45% in 2024, 70% in 2025 and 100% in 2026.
European gasoline, diesel car sales poised to lose market dominance as EVs surge As a growing appetite for battery-powered mobility continues to support sales of electric cars, the data shows that both battery-electric cars and plug-in hybrids nearly doubled their share on the year during the three-month period.
OIL FUTURES: Brent prices linger at $85/b mark as supply-demand fundamentals prevail The National Oceanic and Atmospheric Administration forecast Oct. 21 a milder winter across large parts of the US. Waning coal and gas prices also added to increased selling pressure to drag oil slightly lower in intraday trading.
REFINERY NEWS ROUNDUP: Confidence improves in Europe, but challenges come from gas prices Austria's OMV saw its indicative refining margins double and raised its refinery utilization by six percentage points to 91% in the third quarter, as upstream production volumes weakened compared with the second quarter, it said Oct. 8.
ARA fuel oil stocks drop to three-month low at 1.035 mil mt: Insights Global The 0.5%S marine fuel market in Northwest Europe experienced renewed strength in the upstream cargo market which was seeing tightening supply.
REFINERY NEWS: Sweden's Gothenburg undergoes maintenance The company previously said the refinery plans a turnaround in the fourth quarter, 2021.
BUNKERWORLD: Prices waver as cooling energy markets outweigh marine fuel tightness **Fujairah VLSFO firms on tight barges **European VLSFO tightens on Sines outage **Limited availability at Ecuador until end-October
Bad weather disrupts operations at Russia's Black Sea, Baltic ports All loadings are suspended at the Black Sea port of Novorossiisk, with a weather improvement expected later Oct. 22. Operations at the port have been intermittent since Sept. 27.
Biden blames OPEC for high oil prices, sees US fuel costs easing in 2022 Biden said he expects US gasoline prices to start to come down after the new year.
Singapore marine fuel 0.5%S-HSFO spread widens to near 20-month high on weak HSFO Market sources said the 380 CST HSFO market plunged after Kuwait Petroleum Corp unexpectedly sold 100,000-120,000 mt of prompt spot HSFO after a fire broke out at a sulfur removal unit in its Mina Al-Ahmadi refinery.
Fujairah's marine fuel 0.5%S cargo gains outpaces Singapore; spread slims to near 7-month low The supply of marine fuel 0.5%S in Fujairah has tightened as robust demand for the bunker fuel depleted inventories and tightened barge availability, traders said.
SINGAPORE DATA: Residue stocks inch 0.6% higher on import rise, demand recovery Stocks have risen three weeks in a row after falling to a two-year low during the week of Sept. 29.
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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