White House unveils plan for massive expansion of U.S. offshore wind With a target of generating 30 GW of offshore wind by 2030, the Biden Administration today announced plans to jump start the industry that, among other things foresee the construction of four
ICS releases video and guidance on seafarer vaccinations The International Chamber of Shipping (ICS) has coordinated with a number of shipping bodies to launch a practical guide on COVID-19 vaccinations for use throughout the industry. The guide is part of
VIDEO: Giant box ship that blocked Suez Canal now under tow Efforts to refloat Ever Given, the giant containership that has been blocking the channel since March 23, have succeeded. As we reported earlier, the ship had been partially refloated by this morning.
Zycraft moves ahead on unmanned fireboat development Singapore-based unmanned surface vessel developer Zycraft USV PL has now completed Phase II engineering development of an 8 meter long unmanned fireboat. This follows completion of Phase I which started in 2019,
All American Marine sold to Bryton Marine Group All American Marine owner Matt Mullett has completed the private sale of the Bellingham, Wash.-based aluminum vessel specialist to family-owned Bryton Marine Group, whose member companies include Brix Marine, EagleCraft, Duckworth, KingFisher,
ASR to represent Hamworthy Pumps in United States Brooklyn, New York, N.Y., based American Ship Repair (ASR) has signed an agreement to represent Hamworthy Pumps in the United States. ASR, which has 70 years of experience in technical solutions and
Suez Canal: Ever Given partly refloated Hopes are that the Suez Canal can soon be fully open to traffic. Efforts to refloat Ever Given, the giant containership that has been blocking the channel since March 23, are starting
Investigation into Ever Given casualty begins Suez Canal Authority, shipmanager and shipowner also expected to conduct parallel investigations as they all pledge to co-operate with all...
Exxon Valdez. Piper Alpha. Ever Given? Just as the Exxon Valdez and Piper Alpha disasters brought lasting change to the tanker and offshore industries in terms...
Tanker rates start to tick up on Suez blockage impact Diverted cargoes will add to sailing distances, which will undoubtedly spur freight rates, albeit temporarily, given weak demand in Europe...
Fitch warns Suez Canal blockage is 'a large loss event' for reinsurers Payout will further tighten pricing, but not impact credit profiles
Marine insurers brace for major Suez claims Damages, fines and compensation for the Suez Canal Authority set to be the largest items on what is looking like...
No security risks from impact of Suez Canal blockage Fears about increased risk to ships diverting around Africa to avoid the Suez Canal blockage are largely misplaced, advisers say...
Ever Given under way after being floated off After six days of disruption, the Suez Canal is preparing to reopen after the grounded containership Ever Given is finally...
Ports prepare for Suez surge The containerised supply chain was already under duress before the Suez Canal was closed. Analysts warn that the additional cargo...
Shipping's tech transition demands reality check New York-listed product tanker firm Ardmore Shipping is anticipating publicly driven changes to the company's cargo mix, while branching out...
US continues to see Jones Act as key for trade and security 'The Jones Act ensures that we don't lose our domestic ship building capability,' US Secretary of Transportation Pete Buttigieg told...
From the News Desk: Suez and the future of shipping As efforts continue to free the Ever Given, we compile the main takeaways from a week of chaos to global...
Daily Briefing Free to read: Expect spike in rates and months of disruption, warn container lines as ships re-route away from Suez |...
Bulk carriers reroute to avoid Suez Canal delays BIMCO's chief shipping analyst Peter Sand said that although five panamaxes have diverted from the Suez Canal, there are another...
Bunker secured for Japan's first LNG-fuelled ferries The ferries will be bunkered with LNG at the Beppu Port starting from the end of 2022
Sembmarine gets contract for 'most remote' UK offshore wind platform The contract, which is the second biggest for one of the world's largest wind farms, calls for among others, the...
Mozambique LNG project postponed amid port seizure The US has sanctioned a group known as the Islamic State of Iraq and Syria-Mozambique and its leader, Abu Yasser Hassan, placing...
Ever Given partially refloated raising hopes of Suez Canal reopening UPDATE: The containership blocking Suez Canal transits appears to have finally been pulled clear of the bank side and is...
Massive opium bust at Port of Vancouver leads to warehouse sting Canadian police and border officers seized nearly $8 million in opium found in two shipping containers at the Port of Vancouver and then swapped the...
US ports, shippers face major fallout from Suez Canal chaos Suez Canal accident aftermath: Extensive disruptions ahead for key Asia-East Coast container shipping services.
Multibillion-dollar offshore wind plan targets US ports U.S. ports are positioned to win big off Biden administration's offshore wind energy initiative
Who is king of cargo-only passenger flights? Ghost flights - passenger aircraft with no passengers, only cargo - were never a thing before the coronavirus pandemic. In the past year, airlines have...
FreightWaves Flashback: Vessel accidents raise issues 2004: The capsizing of two vessels rocks the project cargo industry.
It's free! Ever Given refloated in Suez Canal 'We pulled it off!' says salvage company Boskalis after freeing the container ship.
Lopez Obrador says moving to restore order to Mexico fuel import markets Mexican President Andres Manuel Lopez Obrador said March 29 that he is trying to restore order in Mexico's fuel imports after years of corruption distorted the market.
Singapore gasoil swap crack sinks to 11-week low on mounting supply, tepid demand The front-month Singapore 10 ppm sulfur gasoil swap spread to the Dubai crude swap narrowed to an 11-week low at the Asia close March 26 amid mounting supply and lukewarm demand.
Ecuador's crude output declines 4.9% on year in January Ecuador pumped an average 509,000 b/d of crude in January, a 4.9% decline from the 535,000 b/d produced in January 2020, and a 0.6% drop from 512,000 b/d pumped in December, according to data available Monday on the Ecuadorian central bank's website.
Suez Canal logjam barely impacts Russian Urals exports, says energy ministry The Russian Energy Ministry said March 29 that the logjam in the Suez Canal has barely impacted exports of Russia's key crude grade Urals, which uses other delivery routes.
Maduro offers Venezuelan oil for COVID-19 vaccines Venezuelan President Nicolas Maduro has offered to trade oil for COVID-19 vaccine supplies.
USGC middle distillate flows to Europe dry up in April: cFlow Zero cargoes of US Gulf Coast middle distillates are expected to arrive in Europe so far in April, following a record low of 40,000 mt of ULSD which arrived in March, according to data from S&P Global Platts trade flow software cFlow March 29.
Russia's Primorsk April ULSD exports rise 2.9% on month at 1.575 million mt Exports of ultra low sulfur diesel from the Russian Baltic port of Primorsk will total around 1.575 million mt in April, 2.9% higher than March and unchanged year on year, according to market participants March 29.
FEATURE: European marine fuel prices raise scrubber and quality concerns The European fuel oil market will be eyeing supply and demand balances in the coming quarter, as the coronavirus continues to weigh on demand recovery, and leaves Europe to battle with rising COVID-19 cases alongside vaccine rollouts.
Naphtha East-West spread narrows as Suez Canal situation improves The April East-West spread -- the premium of the CFR Japan naphtha cargo swap over the CIF NWE equivalent -- closed on March 26 at a multimonth high, reaching even $22.50/mt during morning trading session, but narrowed sharply to $14.25/mt at the European close March 29, S&P Global Platts data showed.
Traders book US-to-Asia naphtha shipments amid slim arbitrage opportunities Tighter supply in Asia kickstarted chartering activity for US-to-Asia naphtha arbitrage flows, amid tighter supply in Asia due to the logistical chokehold at the Suez Canal.
Ecuador's January refined product output falls 10.4% on year Ecuador produced a total of 5.88 million barrels of refined products during January, a 10.4% decline from the 6.56 million barrels refined in January 2020, but an increase of 2.8% from the 5.72 million barrels processed in December, according to data available on the central bank's website.
OIL FUTURES: Crude climbs as market looks to OPEC+ quota extension Oil futures finished a volatile day higher as the market searched for direction ahead of an April 1 OPEC+ group meeting.
AMERICAS BUNKERS: Key market indicators March 29-April 2 **Holidays could impact Latam spot markets **USGC ports focus on resupply options
River navigation starts in southern Russia ahead of schedule A long and cold winter in Russia had resulted in thicker-than-usual ice cover on many rivers, although temperatures started quickly rising in late March, which could facilitate opening the rivers for shipments.
Djibouti bunker sales jump 25% since Suez Canal backup as vessels wait for passage: source
IMO-compliant bunker fuel in 2020 jumps to over 80% of Rosneft's Russian sales Russian energy group Rosneft sold 1.3 million mt of low sulfur bunker fuels in 2020 in Russian waters, out of total bunker fuel sales of 1.6 million mt in Russia, the company said in a statement.
Marine fuel demand set to rise on routes toward Cape of Good Hope: trade **Piraeus, Istanbul fuel prices face downward pressure from vessel backlog **Feedstock and fuel oil cargo market at mercy of freight rates and oil complex
Ever Given container ship has been fully floated, moving north to Great Bitter Lake: sources **Ever Given is moving north to Great Bitter Lake for inspection **More than 360 ships waiting to transit key commodity chokepoint **Maersk warns of significant impact on global trade from canal blockage
Fujairah has 12 licensed bunker suppliers, with GP Global sale yet to be completed
Asia residual fuel market: Key market indicators this week The Asian fuel oil market expects supply from Western arbitraged cargoes to be tight until April 2, as ships waiting to go through the Suez Canal will likely be delayed.
Singapore ex-wharf 380 CST bunker differential to cargo flips to discount **Ex-wharf bunker weakens on thin demand **HSFO cargo market stable
Ever Given 'refloated', Suez Canal to reopen when ship moved to waiting area: SCA **Ever Given's course has been 80% modified **Tugboat operations to resume once high tide is in place **More than 360 ships waiting to transit key commodity chokepoint
Suez Canal detour to support Singapore bunker fuel demand **Ships already diverting around Cape of Good Hope **Bunker fuel use to rise on longer journey **Crowding, loading operations also to raise bunker demand
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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