VIDEO: Final Golden Ray section leaves St. Simons Sound More than two years after the capsize of the car carrier Golden Ray on September 8, 2019, the final section of its dismantled wreck has now been removed from St. Simons Sound,
PODCAST: BAE Systems looks at ways of getting to zero In this edition of Listen Up!, we're bringing back Joe Hudspeth, Director of Business Development-Global Marine with BAE Systems, on what a zero-emission future looks like. Tune in as Hudspeth tells us
New control system makes cargo offloading faster and easier Following a successful test on the product and chemical tanker Fure Ven, Danish deepwell pump specialist Svanehøj is launching "FlowControl." This newly developed software-based control system automates the control of electric cargo
Wallem appoints Aune as permanent chief Chairman Nigel Hill said he had been impressed with Mr Aune's stewardship of the group in challenging times
Focus on methane slip from LNG-fuelled ships intensifies The United Nations Climate Change Conference, also known as COP26, will discuss a pledge to reduce methane emissions when it...
Klaveness sells older vessel in strong dry bulk market Norway's Klaveness Combination Carriers has sold a Cabu vessel built in 2001 as a dry bulk vessel given the rising...
Changing Lanes: The cost of China's energy crunch The timing of China's energy crisis could not be worse. Global supply chains are in disarray and it is the...
IMO resumes talks on market-based measures An IMO working group has revived discussions on market-based measures ahead of the COP26 climate conference and next month's Marine...
The week in charts: China's bulker blockage | Boxships 'cheaper to buy than charter' | Lucrative LNG rates One in 17 bulk carriers of the global fleet were anchored outside Chinese ports at the end of the past...
Ship battery subscription service launched The company, formerly called Sterling PlanB Energy Solutions, will offer swappable batteries to power ships renewably on subscription. The service...
ITF red-lists Philippines manning agent Seafarers are warned to avoid Able Maritime for failing in its responsibility to ensure crews are treated well in cases...
Budget overhaul to address falling UK flag registrations Rules about ships that can qualify will change, while cadet training contributions to be increased to 100%
Global carbon levy on shipping endorsed by industry leaders - study Centre with founding partners including Maersk, NYK Line and Cargill says the trillions of dollars in funds could support first-adopters...
Daily Briefing Nobody ever won an argument with a customer. Especially not when he's Jeff Bezos | West of England chief defends...
Zim containership crew evacuated after fire during storm Updated: Fire extinguished but tugs remain on station. Specialist teams will board ship to assess damage
City of Long Beach allows logistics companies to stack containers higher Many media outlets are reporting that a Long Beach city order will allow bigger container stacks at the port. Not true. It's for container yards...
Exclusive: Congested Port of LA receiving empty containers from Gulf, Southeast Upward of 2,000 empty containers are being sent to LA, potentially creating more burden on the congested port.
OIL FUTURES: Crude prices stagnate after brief surge to start week Front-month NYMEX WTI briefly hit a seven-year high as it rose above the $85/b threshold in early morning New York trading Oct. 25 before falling back below $84/b and settling even for the day.
US urges Iran to return to talks as oil market watches 1.5 mil b/d supply impact The US envoy to the Iran nuclear talks Oct. 25 urged Tehran to return to the negotiating table after four months, as oil traders watch the potential for 1.5 million b/d in supply expected next year to stay off the market.
Analysts look for US refined products stocks to tighten US refined products inventories likely continued to tighten the week ended Oct. 22, as demand remains strong while refinery runs hold steady, an analysis by S&P Global Platts showed Oct. 25.
CNOOC to import 50,000 mt of gasoil, but flow unlikely to be sustainable: sources State-owned CNOOC will import 50,000 mt of gasoil for early November delivery into southern China, but the flow is unlikely to continue due to limited import quota availability amid high domestic prices, sources with knowledge of the matter said Oct. 25.
India's Reliance posts 12.6% on year rise in Q2 crude throughput India's Reliance Industries Ltd. posted a 12.6% on the year rise in crude throughput during fiscal Q2 ended September to 18.7 million mt on the back of strong pent-up demand for travel, company officials said Oct 22.
Asia middle distillates: Key market indicators for Oct 25-29 Asian middle distillate markets are poised to extend bullish momentum into the Oct. 25-29 trading week as limited exports from Northeast Asia continue to lift sentiment for gasoil and jet fuel/kerosene.
Galp sees Q4 upstream production flat on impact of Brazil maintenance catch-up Galp said Oct. 25 it will maintain its full-year upstream production guidance of 125,000-130,000 boe/d despite some expected increased maintenance activity in the Brazilian offshore in the fourth quarter.
EMEA MIDDLE DISTILLATES: Key market indicators for this week Cash differentials in the European middle distillates market faced some pressure in the diesel and gasoil markets, despite demand being steady. Meanwhile the jet complex continues to be buoyed by healthier demand and an absence of spare supply.
Brazil's Petrobras raises wholesale diesel, gasoline prices Brazilian state-led oil company Petrobras will raise wholesale diesel and gasoline prices, effective Oct. 26, in the latest move to keep prices in line with international markets amid rising oil prices and a weaker Real, the company said Oct. 25.
CI International Fuels to expand bunker operations in Colombia Bunker supplier CI International Fuels announced it will expand its bunkering operations on the Caribbean coast in Colombia to the Coveñas-Tolu area, south of Cartagena.
Australia 'has plan' to achieve net zero by 2050 but no commitment yet: minister The Nationals, which represent many of Australia's mining constituencies, have traditionally opposed strong action on climate. The elevation of Pitt, however, has given rise to media speculation that a deal on net zero was getting closer.
OIL FUTURES: Crude bounces past $86/b mark as supply outlooks hold firm Demand recovery from impacts of COVID-19 coupled with a conservative approach from the OPEC+ alliance to raise its crude oil production has been providing support to the complex lately.
Sudan coup attempt has oil markets vigilant over potential supply impact Land-locked South Sudan, which produces around 150,000 b/d, is dependent on Sudan for transporting oil through its pipelines for processing and export via a pipeline from Khartoum to the Red Sea.
Goldman sees global oil demand close to full COVID recovery Gas-to-oil switching may currently be contributing at least 1 million b/d to oil demand, the bank said reiterating its base-care forecast that Brent crude prices will average $90/b at year-end with "upside risk".
China commits to 80% of energy mix from non-fossil fuels by 2060 China's new commitments will influence negotiations at the upcoming UN Climate Change Conference in Glasgow, and also form the basis of a domestic roadmap for its climate goals.
OIL FUTURES: Crude extends gains amid tight supply outlook "Stockpiles continue to drain at the key storage hub of Cushing, which has seen nearby spreads in WTI surge to a three-year high," ANZ research analysts noted.
ICS welcomes progress on carbon pricing at IMO Working Group The next important step will be for proponents of different mechanisms to submit assessments of the likely impacts on the cost of maritime trade, ICS' Bennett said.
Singapore 180 CST HSFO Nov-Dec spread flips to contango on Kuwait's unexpected exports Fuel oil traders attributed the weakness in the HSFO market structure to the unexpected exports from Kuwait Petroleum Corp.
Platts launches Singapore and US Gulf methanol bunker fuel price assessments Research and development into these new assessments began as Platts identified a growing market demand for utilizing methanol as an alternative marine fuel amid an increased focus in reducing carbon emissions in shipping.
Asia residual fuels: Key market indicators for Oct 25-29 Sentiment in the Asian marine fuel 0.5% and high sulfur fuel oil markets stood in contrast, amid firmer demand for very low sulfur fuel oil from North Asia and tightening supply in China. This is in contrast to dwindling power demand in the Middle East and South Asia for HSFO.
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