Underwater straightening can fix damaged propellers When damage to propellers occurs due to impact with ice and other debris, underwater repair specialist Hydrex offers its in-house developed cold straightening technique as the answer. By taking advantage of the
Wärtsilä solutions selected for 12 more CMA CGM newbuilds Wärtsilä is to supply a broad scope of solutions for 12 new LNG-fueled containerships ordered by CMA CGM at Chinese shipyards: six 13,000 TEU vessels ordered at Hudong-Zhonghua Shipbuilding and six 15,000
LNG carrier rates slump as much as 40% on falling Europe gas prices LNG supplies to Europe trigger gas futures easing back from record-breaking prices and trigger lower charter rates ending winter peak
EU taxonomy would label natural gas and nuclear as green The European Commission has proposed labelling natural gas and nuclear power as green in a draft of its green finance...
IG's captive fell below statutory capitalisation requirements A $240m emergency cash shot is not an issue for P&I clubs, as 'all we are doing is holding capital...
Piraeus Bank sells non-performing shipping portfolio The portfolio being sold to Davidson Kempner is worth about $451m
Maritime achievements recognised in New Year Honours UK honours go to Mission to Seafarers' Jan Webber, British Ports Association's Richard Ballantyne and shipping veteran John Denholm
Ningbo port clogged by lockdown measures World's third-busiest box port is trying to unclog the cargo traffic by establishing a whitelist for truck drivers and increasing...
Troim's 2020 Bulkers names Billung as chief executive Industry expert has been appointed chief executive of Olav Troim's 2020 Bulkers and the newly launched Himalaya Shipping
Daily Briefing Indonesia could boost coal exports | Covid infections in China hit Ningbo port and Yangtze River pilot services | FMC...
FMC launches actions over carrier fees US maritime regulator has made it clear that it is unhappy with unjustifiable fees. It is now taking action and...
Indonesia may relax coal export ban About 10% of worldwide dry bulk shipping demand may be adversely affected if the total export ban continues. But the...
Dwell fee pushed back again as congestion at US ports eases Port of Oakland to launch an 'interagency effort' to improve the flow of agriculture exports by using extra yard space...
California challenges San Bernardino air cargo facility used by Amazon California officials are going to court again to try to mitigate the emissions impact of a new air logistics center at the San Bernardino Airport...
Port of Oakland plans empty container yard to help ag exporters Agriculture exporters on the West Coast are feeling neglected by ocean carriers. The Port of Oakland is trying to make more equipment available so they...
EMEA MIDDLE DISTILLATES: Key market indicators European middle distillates markets are starting the year in a position of strength amid low stocks levels, reduced refinery runs and limited incoming flows for January, while overall the omicron variant did not seem to have a significant impact on European demand for diesel and jet fuel.
Denmark's Port of Hanstholm and European Energy to develop green hydrogen The Port of Hanstholm in Denmark has signed a letter of intent with Danish renewables company European Energy to develop solar and wind plants and a renewable hydrogen project, they said Jan. 3.
US LNG WEEKLY: Gulf Coast Marker falls as European prices move downward US Gulf Coast FOB cargo values slid during the holiday shortened week of Dec. 28-Jan. 4, tracking the decline in prices in destination markets.
Singapore December fuel oil paper MOC trades dip 4% on month Total Singapore fuel oil Market on Close paper trades in December declined 3.78% on the month to 13.98 million barrels, on the back of a 12.30% decline in trades for marine fuel 0.5%, S&P Global Platts data showed.
OIL FUTURES: Crude extends rally as OPEC+ pledges to raise February output by 400,000 b/d Crude futures held onto overnight gains midmorning Jan. 4 after the OPEC+ group announced it would raise output February by 400,000 b/d as expected.
MARINE FUEL 0.5%: December sees supply tighten, premiums rise globall Supply tightness for various reasons around the globe pushed prices and cracks for marine fuel 0.5%S higher in December with sources expected more of the same to start 2022.
ICE LSGO futures net speculative length up 9,599 contracts on week Speculative net long positions in ICE low sulfur gasoil futures were up 9,599 contracts to 94,665 in the week to Dec. 28, according to Intercontinental Exchange data.
US Gulf Coast fuel oil highest since November on stronger Brent futures Fuel oil prices on the US Gulf Coast neared two-month highs Jan. 4, rising along with a strengthening crude complex.
OIL FUTURES: Crude pushes higher as OPEC+ raises February output, signaling demand confidence Crude futures settled higher Jan. 4 after the OPEC+ group announced signaled demand optimism by raising February output quotas 400,000 b/d as planned.
Refiners, biofuel groups relay contradictory views on EPA's biofuel proposal Refiners and biofuel producers continue to be at odds over the federal approach to the Renewable Fuel Standard program as their views on what is needed to get that program on track remained far apart at a Jan. 4 virtual hearing held by the US Environmental Protection Agency.
Brazil biodiesel sales surge to 957 million liters for Jan-Feb under new model: ANP Brazilian biodiesel producers signed sales and supply deals to deliver 957 million liters of the biofuel in January-February, an increase of about 36% above estimated demand for the period after the country's move to a new direct-sales model on Jan. 1, according to the National Petroleum Agency.
Severe weather at Fujairah disrupts bunkering, delays oil cargo replenishments Some sellers were grappling with tightening inventory levels as persistent thunderstorms and strong winds delayed the arrival of low sulfur fuel oil cargo replenishments, according to local bunker suppliers.
Zhoushan delivered marine fuel 0.5%S bunker premium jumps on lower output Demand in Singapore has increased since the last trading week of December 2021, firming delivered LSFO bunker premiums as buyers sought last minute requirements. The market, likewise, expects steady bunker demand amid heightened shipping activity during H1 January prior to the Lunar New Year festive season, traders said.
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