GAO denies bid protest of Bollinger MCM UV award Bollinger Shipyards had a significant contract win back in April when it was awarded a $13,725,953 Navy contract for the production of the Mine Countermeasures Unmanned Surface Vessel (MCM USV), engineering services
Diana Shipping acquires nine ultramax bulkers Acquisition of Japanese-built bulkers, average age 5.4 years, to be paid for in cash and shares
Boxship sale and purchase market hits summer lull MSC reported to have purchased 3,500 teu capacity boxship from German owners, while Taiwanese shipbuilder sells a series of speculative...
Energy-switching and oil inventory build-ups to lift crude and product demand Closely watched report estimates fuel oil and gasoil substitution to add 510,000 barrels per day to global demand, while building...
European Commission calls for evidence on consortia block exemption Shippers, forwarders and others in the supply chain have been vocal over the role of the consortia block exemption on...
Seaspan rejects force majeure from Chinese yard Seaspan has more than 50 ships, whose sizes range from 7,000 teu to 24,232 teu, on order with Chinese yards...
Scrubber profits drive VLCC retrofits for DHT Holdings Owner of 24 very large crude carriers said $25m cost will be paid within a year at current fuel oil...
Höegh Autoliners earnings boosted by Chinese car exports Net freight rates improved by 8.4% in comparison to first quarter, while cargo volumes were up by 7.3% due to...
JCC sees surge in inquiries to ship grains from Ukraine A dozen ships have left Ukraine so far and four have been authorised to enter in the two weeks that...
Port congestion hits transatlantic trade Carrier schedules are falling into disarray as congestion mounts on both ends of the transatlantic trade. This is helping reduce...
Hapag-Lloyd sees market easing after record first half Hapag-Lloyd expects conditions that have wreaked havoc on the container shipping sector to ease in the forthcoming quarters as demand...
Ukraine minister says grain exports to reach 3m tonnes in September Black Sea safe corridor has cleared berths at three ports of Odesa, Chornomorsk and Yuzhnyi which 'are free and ready...
Euroseas eyes continuing high profits despite container uncertainty Sentiment in containership market has cooled a little, says company, but high charter coverage to at least the end of...
DSME delivers two BW LNG vessels Both vessels will go straight to BW LNG's clients. BW ENN Snow Lotus will be delivered to ENN, and BW...
CSIC's Sunrui wins fuel gas supply systems order for up to 10 vessels The FGSS will assist the 7,380 dwt dual-fuel bunker vessels ordered last year by Singapore's Singfar International at Lianyungang Shenghua
Ports on US Gulf and east coasts report record volumes as congestion persists About 80 box ships are waiting at anchorage on the east and US Gulf coasts, according to Lloyd's List Intelligence...
Daily Briefing Ukraine grain shipment bulker not covered for war risk or cargo | First humanitarian aid ship heads to Ukraine for...
Indonesian court fines seized RCL vessel master $13,500 Indonesian court has released the vessel, which reached Singapore on August 9
FMC considering 60-day congestion emergency order Federal regulators are considering a congestion emergency order to require carriers to share cargo data with shippers, railroads and trucks.
Air Canada shows big ambitions for cargo startup Air Canada is moving quickly up the ranks of hybrid passenger-cargo carriers.
Yang Ming: Revenue up nearly 50% - end of story Yang Ming summed up its second quarter and the first half of 2022 in about 150 words.
Hapag-Lloyd CEO: US consumer still 'holding up,' demand not collapsing Hapag-Lloyd bookings point to a gradual unwind of the container shipping boom, not a crash.
Lufthansa Cargo to deploy more freighter capacity in N. America, Asia Lufthansa Cargo is increasing cargo capacity to key markets after adding a large 777 freighter.
Marathon awarded one-quarter of latest US crude stockpile release: DOE
Prices strengthen after IEA hikes global demand growth
East Texas forward gas basis jumps as market prices in Freeport LNG demand
Port of Antwerp-Bruges sees multi-fuel as the future of energy transition in maritime
REFINERY NEWS ROUNDUP: Higher runs expected at Russian plants Processing at bigger refineries will depend on the early start of autumn maintenance at some plants. Their planned sales of diesel and gasoline and diesel on the St. Petersburg's exchange have been lower than July, indicating an earlier start to some partial works. Others, however, will increase fuel oil sales, indicating higher processing rates.
OPEC trims 2022 oil demand growth but remains sanguine on transport fuels On Aug. 11, the IEA hiked its 2022 oil demand growth estimate by 380,000 b/d to 2.1 million b/d, citing "soaring" oil use in power generation and gas-to-oil switching in industry as a result of surging gas prices.
Germany's Hapag-Lloyd sees resilient container shipping demand despite macro concerns Hapag-Lloyd expects global container volume growth to slow to 2% this year, from 7% in 2021, the company said citing Seabury and Container Trade Statistics figures.
REFINERY NEWS: Saudi Jazan still not exporting ULSD The refinery had been expected to start ULSD production in May and exports in June as it was reducing exports of high sulfur vacuum gasoil, traders said.
South Africa's Engen seeks gasoil, kerosene for Aug-Sept loading Engen previously sought 40,000 mt of 10 ppm sulfur winter-specification gasoil from Singapore/Malaysia loading over Aug. 19-21, or the Persian Gulf/India with loading over Aug. 23-25, S&P Global Commodity Insights reported earlier. The results of the tender could not be confirmed.
Spain's LNG imports double in July on storage, export, power demand: Enagas On the supply side, the US continued to be Spain's principal LNG supplier with 8.5 TWh delivered in July -- a more than threefold increase on year -- with Nigeria the second-largest, delivering 5.9 TWh.
August global refinery runs to reach highest since January 2020: IEA Refinery throughputs rose 1.1 million barrels/day on the month to 81.5 million b/d in July and are expected to gain another 350,000 b/d in August and reach 81.8 million b/d.
OIL FUTURES: Crude firms after IEA projects higher oil demand growth for 2022 Earlier in the day, the IEA published a revised 2022 oil demand growth estimate, hiking the projection by 380,000 b/d to 2.1 million b/d thanks to what it called "soaring" oil use in power generation and gas-to-oil switching in industry as a result of surging gas prices.
Rotterdam HSFO crack strengthens as market braces for sanctions Traders have been bracing for the introduction of the European Union's fifth sanctions package, which encompasses products such as coal with CN code 2707, and which traders believe also applies to 3.5%S FO due to its high aromatic content, which exceeds 50%. According to traders, this prevents the import of Russian products falling under the 2707 CN code into the EU after Aug. 10.
IEA points to potentially lower oil prices on predicted stock build The Paris-based energy agency projects global inventories to increase by 900,000 b/d during the rest of the year and 500,000 b/d over the first half of 2023, adding that the release of extra emergency stocks until at least October will help ease a tight market.
IEA raises 2022 oil demand growth estimate by 380,000 b/d on power burn, gas-to-oil switching aThe increase in the IEA's 2022 growth estimate contrasts with the US Energy Information Administration on Aug. 9 lowering its demand estimates for 2022 and 2023 due to a more subdued economy, although the EIA's 2022 growth estimate matches the new IEA estimate of 2.1 million b/d.
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