First zero-emission push boat christened in Berlin After almost two years under construction at the Herman Barthel shipyard in Derban, Germany, what's claimed to be the world's first zero-emission push boat, Elektra, was christened this week in Berlin. "The
Concept ship aims to turn ocean plastic pollution into hydrogen Could the plastic waste polluting the world's oceans be scooped up and converted into clean hydrogen at sea? That's the plan behind an innovative concept ship design being developed by New York
IMO marks first International Day for Women in Maritime "There is still a gender imbalance in maritime - but times are changing. It is recognized that diversity in maritime benefits the entire sector," said IMO Secretary-General Kitack Lim as the International
Long way still to go before gender equality in shipping While things have improved during the past few decades, there is still work to do to reach gender parity in...
Sovcomflot fleet in flux as sales continue and Cyprus de-flags While official figures from Sovcomflot have confirmed 14 vessels sold, Lloyd's List has confirmed at least 23 sales to date...
Euroseas' first boxship newbuilds will 'fully repay' cost in three years Greece-based containership owner has a total of nine newbuildings on order at South Korean yard
Tanker values continue to rise Prices for secondhand aframax and suezmax tankers show best growth rates, while very large crude carriers and medium-range units show...
Global supply chain index shows worsening situation Heavy-handed restrictions in China and the situation in Ukraine increased global supply chain disruption in April
Zim raises guidance after successful contract round Zim has closed off its transpacific contracts at higher than expected rates. It now expects full-year earnings to be higher...
China lockdown pressure on US supply chain eases The 14-day average percentage of shipments delays for loads travelling from China to the US is 32%, compared with 39%...
Data pricing seen as crucial to GSBN's digital ambition in trade finance Enabling banks direct and authorised access to shipping and port companies' shipment data to provide the proof for financing in...
Snam agrees deal with Golar for FSRU conversion European regasification set for boom in next few years, as European nations look for Gazprom alternatives
Norden raises full-year profits range on strong markets The Danish company has increased its guidance for the second time this year as tanker markets recover and dry bulk...
CMA CGM boosts air freight presence with Air France-KLM deal Container lines are increasingly looking to diversify outside their traditional ocean freight services
Greece 2022: Pournara-Bardavillia on leading the way for Greek women in shipowning For a decade, the Bouboulina Shipping founder was a trailblazer for Greek women in shipowning
Greece 2022: Domestic shipowners account for 10% of global shipbuilding orderbook Greek owners appear to be cautious in ordering new tonnage at current high pricing levels; recent new orders have been...
Greece 2022: Fleet size reaches record as owners bulk up Risk-taking and resilience are ingrained in the character of the Greek shipping industry after two centuries of successfully confronting turmoil
Greece 2022: Owners see fleet capitalise on global opportunities Greek shipping responds to global economic needs and lately that has meant a slowdown in Asia. However, port calls in...
Monthly steel exports fall by 1m tonnes due to Ukraine war Ukraine was the world's fourth-largest exporter of iron ore, second-largest exporter of pig iron and third-largest exporter of semi-finished steel
Scorpio Group invests in sustainable battery maker Scorpio joins shipowners, including Belgium's Saverys family and Denmark's AP Moller-Maersk, which also investing in green hydrogen and methanol to...
China's flat steel demand set for small recovery in 2023 Any rise in steel demand will be dependent on the extent of China curtailing its draconian lockdown measures, its stimulus...
Daily Briefing US shipping regulators use 'soft power' to crack down on 'nickel and diming' container lines | Eagle Bulk sees new...
Biden launches emergency airlift to pick up baby formula overseas The White House has set up Operation Fly Formula to rush imports of baby formula to stores until domestic production can ramp up to cover...
Air France-KLM forms cargo alliance with French shipping giant CMA CGM CMA CGM is a dominant ocean freight carrier that is rapidly growing in air cargo. A tie-up with Air France-KLM will accelerate that expansion.
How to win the trade game: NY/NJ port directors explain their success The Port of New York and New Jersey's outgoing and incoming directors discuss container migration, reliance on data and how they avoided problems plaguing West...
Latin America fields diesel buy tenders again as gasoline prices push past ULSD Argentina, the Dominican Republic, Peru and Chile have started buying distillates again and Colombia may have even switched from buying to selling ULSD, market sources said May 17, noting that the gasoline market has now picked up problems that had plagued diesel since the Russian invasion of Ukraine.
REFINERY NEWS: Diesel leak causes fire at RPBC refinery in Sao Paulo state: Petrobras A fire broke out at the Refinaria Presidente Bernardes, or RPBC, in Sao Paulo state after a diesel leak, according to state-led oil company and refinery operator Petrobras. "The location was immediately isolated, and the refinery's firefighters controlled the outbreak," Petrobras said May 17.
UK downstream oil sector hits back at minister's claim of unfair pricing UK downstream oil industry leaders on May 18 hit back at criticism of the sector from energy secretary Kwasi Kwarteng over high fuel prices, insisting the fuels sector remains "highly competitive" and is actively involved in implementing energy transition plans, such as waste-to-fuel recycling.
US DATA: Atlantic Coast diesel stocks show small build, US exports fall Diesel inventories in the Atlantic Coast were reported higher for the week ended May 13 after setting a seven-year-record low level the week before, US Energy Information Administration data showed May 18.
Enbridge CEO says world is 'woefully underinvested' to solve ongoing energy shortfall Russia's invasion of Ukraine represented a "major inflection point" in global energy markets for years to come, and North America must do much more to fill the void in exporting oil and LNG, Enbridge CEO Al Monaco said May 18.
OIL FUTURES: Crude prices slide as weak earnings, China COVID-19 spike dent demand outlooks Crude futures settled lower May 18 as a cross-asset selloff sparked by economic growth concerns overshadowed a larger-than-expected US inventory draw.
Panama planning large biofuel refinery in partnership with SGP BioEnergy The government of Panama on May 18 said it plans to develop the largest biofuels production and distribution hub in the world in partnership with private companies including, SGP BioEnergy, a US-based integrated bioenergy products development company.
Biden administration mum on plans to ease Venezuelan oil restrictions; lawmakers speak out Details remained scant May 18 on a US policy shift that could chart a path for US companies to again invest in and operate Venezuelan oil projects as the Biden administration has reportedly begun to ease oil sanctions on the country.
JAPAN DATA: March bonded bunker exports down 15% on year to 2.69 mil barrels Japan's bunker supply in March was tight as the country's largest refiner Eneos suspended taking fresh orders from Mizushima refinery, market sources said.
Singapore's EPS plans carbon capture systems for two MR tankers The 2020-built, 49,700 DWT sister vessels, will be fitted with VM's Filtree System - a prefabricated gas cleaning system that filters sulfur and 99% of particulate matter
Singapore 180 CST HSFO cash differential sinks to near 1-year low on rising supply Traders attributed the weakness in the HSFO cash differential to an uptick in supply because of rising output from the Middle East and the likelihood of an increase in Russian flows to the East.
Platts ex-wharf Zhoushan marine fuel 0.5%S bunker premium hits new high on tight supply China has been ramping up domestic low sulfur fuel oil production, while still importing 0.5% sulfur fuel oil mainly from Singapore to meet its bunker demand.
Singapore marine fuel 0.5% cargo cash differential hits near 28-month high on tight supply The premium was last higher at $30.54/mt on Feb. 5, 2020, data from S&P Global Commodity Insights showed.
Iraq's SOMO offers straight-run HSFO for June loading Straight-run fuel oil cargoes from the Middle East used to move to Asia but they have been heading to the US after sanctions on Russia, market sources said.
JAPAN DATA: May 8-14 oil products output rises 0.7% on week Production of low sulfur fuel oil fell 16.7% week on week to 0.74 million barrels in the week to May 14.
JAPAN DATA: May 14 oil products stocks rise 0.5% on week to 58.70 mil barrels Middle distillate stocks increased 3.3% week on week to 28.24 million barrels.
Neste launches new eco-marine fuel The refiner is partnering with bunker fuel supplier Nordic Marine Oil, which will provide the fuel as of May from its storage tanks and bunker barges located at key ports across Denmark, Neste said in a statement May 17.
FUJAIRAH DATA: Oil product stocks fall after record Saudi fuel oil shipment Heavy distillates and residues used as fuel oil for power generation and marine bunkers dropped 6.6% to 10.342 million barrels.
JAPAN DATA: Oil product exports fall 16% on week to 2.87 mil barrels over May 8-14 High sulfur fuel oil exports also declined 20.8% week on week to 635,202 barrels in the week to May 14, while low sulfur fuel oil exports rose 15.7% on the week to 295,844 barrels in the same week.
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
