No longer anonymous, "Midshipman X" files suit against Maersk Line The U.S. Merchant Marine Academy cadet formerly known only as "Midshipman X" has now revealed her identity. She is Hope Hicks and is one of two USMAA students who are filing related
Ocean Shipping Reform Act set for signature After passing the House yesterday, S. 3580, the Ocean Shipping Reform Act of 2022 (OSRA), is on its way to President Biden, who is no fan of the giant container alliances and
South Korean truckers end strike on agreement with government The transport ministry will work with the parliament on the extension of the minimum pay guarantees for truckers, with an...
Maersk sued by cadets over sexual assault and harassment claims Two women have filed complaints in a New York state court alleging Maersk failed to adequately protect them from sexual...
Maran Tankers signs with Orca AI The Orca platform enables data-driven, real-time decision-making by crew for greater safety in congested waters, the company says
Port congestion off Germany to intensify amid labour strikes A small cluster of boxships is waiting in the waters off Hamburg as German ports report lower productivity. The situation...
Danaos launches buyback scheme for up to $100m Greece-based owner has been making record profits from its fleet and from a stake in Zim
LNG ship generator engines leak more methane than main engines, study finds Generator engines on LNG carriers leak more climate-warming methane than main engines despite being much less powerful, according to the...
UN turns to crowdfunding as FSO Safer plan stalls over funding gap Contributions from US, Saudi Arabia, Germany, the UK, the European Union, Qatar, Sweden, Norway, Finland, France, Switzerland and Luxembourg have...
Trucker strike disrupts terminal operations in South Korea Vessel dockings and departures at ports have so far been kept as normal. It remains to be seen whether the...
About 80 ships still trapped in Ukraine, says Lloyd's agent Nine merchant ships attacked in conflict so far, with one sinking and two deaths
Biden to sign Ocean Shipping Reform Act into law FMC to be given ability to clamp down on charges and insist export cargoes not be declined. But it will...
BIMCO reopens Singapore office Bimco has reopened its office in Singapore to spearhead BIMCO's presence and activities further in Asia
Western Bulk expects biggest record half-year net profit The dry bulk carrier attributes the high profits to volatility between geographical reasons, providing trading opportunities
Dry bulk freight rates under pressure on tonnage oversupply Capesize rates are showing the biggest drop among bulk carriers. The fall is being attributed to the high volatility of...
Daily Briefing Greece considers next move in Iranian oil dispute | Chinese shipowner deploys VLCC mid-Atlantic for Russian oil | More countries...
Los Angeles port: Peak season coming soon, strong imports ahead America's peak cargo importing season will start early this year, by the end of this month, says the Port of Los Angeles boss.
A Japanese shipping company is suing Union Pacific because someone stole a shipment of solar panels from a train Japanese shipping firm Ocean Network Express has filed a lawsuit against Union Pacific because a shipment of solar panels was stolen in transit.
From missiles to baby formula, airlines provide vital airlift for US government Airlines act as an auxiliary transport wing for the U.S. government during times of crisis.
Neste hikes Q2 refining margin outlook as European oil product cracks soar The company had previously estimated its Q2 refining margin at a roughly similar level to the Q1 margin of $10.3/b.
OIL FUTURES: Crude recovers on strong fundamentals despite broader market selloff Tightness could continue through the summer given uncertainty over Russian supply, OPEC's limited capacity to increase production, and the tightness in refined products as the summer driving season progresses and consumers take holidays.
RUSSIA DATA: Jan-May crude, product port throughput rises 6% on year Crude oil throughput was 14.5% higher on the year at 109.7 million mt, while oil products were down 7.7% to 57.7 million mt in the same period, the association said. LNG was up 8.8% at 16 million mt during January-May.
REFINERY NEWS ROUNDUP: Some incidents reported at European refiners Austria's OMV said June 8 that it anticipates "longer repair work" at its Schwechat refinery and is looking at new supply options. The restart of Schwechat from maintenance has been delayed following an incident at the crude distillation unit on June 3. The turnaround started April 19.
Greece to release tanker carrying Iranian oil, return cargo to Tehran The Russian-flagged tanker Lana, formerly known as Pegas, was seized near Greece in mid-April with the help of US authorities.
Black Sea fuel oil flows drop further, three-month average falls to 1.94 mil mt Kpler added that flows from the region were 2.18 million mt in May, slightly up on the month but down from 2.96 million mt in February, before the invasion.
OPEC finally forecasts Russian crude output fall; faces pressure to ease market squeeze In its closely watched monthly oil market report, the producer bloc kept its forecast of world demand steady at 100.29 million b/d for 2022 from its May estimate -- basically back to pre-pandemic levels -- but lowered its estimate of non-OPEC supply to 65.74 million b/d, a drop of 230,000 b/d.
Biden to visit Saudi Arabia in July for talks on energy and security Biden, who has had tense relations with the Saudi leadership, will travel to Jeddah, where Saudi Arabia will host a meeting of leaders from the six-member Gulf Cooperation Council, Egypt, Iraq and Jordan, the statement from press secretary Karine Jean-Pierre said.
REFINERY NEWS: Most works in Russia end in June: sources Komsomolsk refinery was expected to restart from maintenance by the end of June, sources said June 14, having been due to carry out works in May and June.
Energy, policy experts float alternative approaches to energy sanctions on Russia The jump in oil prices meant that Russian oil revenue did not suffer, has not suffered even though it has to offer discounts to move barrels, Edward Chow, senior associate in the Energy Security and Climate Change Program at the Center for Strategic and International Studies, said during a discussion hosted by the Atlantic Council.
CHINA DATA: Shandong independent refiners' throughput rebounds to 4-month high in May The volume in May jumped 16.9% from the 26-month low of 7 million mt in April, ending a consecutive three-month fall, data from local information provider JLC showed on June 13.
PetroChina's Dalian refinery to export 6,000 mt of MTBE in June: sources Dalian has no plan to export gasoline in June, according to sources with knowledge of the matter.
Latin American high sulfur fuel oil bunkers-to-marine fuel 0.5%S spreads widen to records In Latin America, Panama is the main hub where HS IFO 380 is still very actively traded, and from January to April 2021 it represented 26% of bunker sales, while 0.5%S accounted for 63.3%.
Zhoushan's MF0.5%S bunker premiums weaken, widen spread against Shanghai As the relative tighter LSFO stockpiles in Shanghai steady bunker prices, the delivered marine fuel 0.5%S spreads between Zhoushan and Shanghai narrowed to average minus $7.56/mt June 1-13 from minus $5.95/mt in May, S&P Global data also showed.
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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