CCI imposes penalty on specific carriers for indulging in cartelisation
CMA CGM advisory on cargo to Mali
MOL in world's first successful sea trial of autonomous sailing on a commercial container ship voyage
Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 31st March 2022
Extortion of money in the names of Customs Officers
India's coal imports seen rising
TCBA, TSAA express concern on VOC Port's decision to terminate licence of PSA SICAL terminal
Bengaluru airport cargo handling at all-time high
Deadline for re-export of containers used for oxygen transport extended to Sept. 30: CBIC
Delhi airport cargo handling up 27 pc in 2021
Surge in engineering goods export
C-band 5G technologies & aviation need to safely co-exist: IATA
Emirates SkyCargo receives award for pharma cool chain capabilities
Qatar Airways Cargo to insource Spain operations from Feb. 1
Steps taken by the shipping lines to assist the trade & recommendations that would help further
Port of Prince Rupert moves closer to getting marine fueling service The Port of Prince Rupert, B.C., is North America's closest port to Asia by up to three days sailing-it's 36 hours closer to Shanghai than Vancouver and over 68 hours closer than
New truckable tug features twin diesel outboards The Silverback Marine shipyard in Tacoma, Wash., has introduced its latest design, a 26- by 13-foot truckable tug called the River Ox. Naval Architect Aaron Neely masterminded the design, combining the advantages
Niels Stolt-Nielsen to step down as CEO of tanker group In a change at the top of tanker and bulk logistics specialist Stolt-Nielsen Limited, Niels G. Stolt-Nielsen is to step down as CEO of the company, whose interests include a 45% stake
BargeRack WTIV solution gains ABS Approval in Principle The American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to a coordinated design for a wind turbine installation vessel (WTIV) in conjunction with the innovative BargeRack feeder barge system
Richard McCreary named president of Gulf Marine Repair Family-owned Hendry Marine Industries has appointed Richard McCreary as president of its Gulf Marine Repair shipyard in Tampa, Fla., effective January 31. McCreary comes to Gulf Marine Repair from Vigor Works, LLC,
Scrapping: Tankers dominated 2021 demo numbers Online valuation and market intelligence provider VesselsValue says that 2021 saw significant trends and changes in the shipping industry that combined to result in a diverse demolition market. Last year saw 704
North Virginia blows dust off Potomac ferry plans According to North Virginia news site InsideNova, a project to operate a commuter ferry between Woodbridge, Va., and Washington, D.C., is again under active consideration. The Potomac Commuter Fast Ferry proposal has
Shipping scrambles to manage Russia sanctions risk Security analysts have downplayed the physical risk to shipping in the event of a military conflict in Ukraine, but the...
Decarbonisation solutions 'embryonic', says Greek Committee leader 'No real effort' has yet been made to ensure any carbon tax revenues are ploughed into the hunt for solutions...
Tanker boost and higher oil and gas prices if Russia invades Ukraine Analysts say European sanctions on Russian gas unlikely, but if enacted could benefit gas carriers. However, uncertainty over sanctions makes...
Safe Bulkers buys capesize as prices follow market tumble Safe Bulkers snaps up Sinokor-operated 181,000 dwt bulker for 'good price' of $33.8m
Path to net-zero shipping demands industry-wide solutions While the industry has achieved significant progress since 2018, the issues of fuel availability, infrastructure investment and project scalability remain
Capesize owners can withstand spot rate erosion As spot capesize rates fall to less than $6,000 per day, owners say they are able to manage the downturn...
Suez Canal lays out expansion plans The blockage of the Suez Canal last year showed the importance of the waterway to international trade. Now it hopes...
Cexim banker facing corruption probe Li, who has worked for Cexim since 1994, was the vice-general manager of ship finance and head of the transportation...
Main lane trades suck capacity from regional services The increase in capacity on the transpacific alone was larger than total fleet growth in 2021. To fill the gaps...
Stolt-Nielsen chief to step down after 22 years Mr Stolt-Nielsen says time is right for 'fresh pair of hands' to take company forward
India fines Japanese shipping groups on cartel charges Companies are accused by India's competition authority of engaging in multi-lateral and bilateral contact to share commercially sensitive information, including...
DNV to lead ammonia bunkering safety study The use of ammonia should be managed properly as the chemical poses a potential safety threat to seafarers and ships
Daily Briefing Shipping tipped to outperform US stock market again this year | Tanker earnings downgraded as recovery stalls | Bidders persist...
Cosco yard wins ultramax pair order from KC Maritime Yard delivered four vessels of the same size in 2018 to the Hong Kong-based owner
Long Beach gets funding to improve shipping access Deepening and widening of harbour channels is expected to yield economic returns of $21m a year while reducing air pollution
PIL linked to first vessel order for seven years Company linked to order for up to four dual-fuel neo-panamax containerships at Jiangnan Shipyard
FedEx, UPS operate large Boeing freighters FAA says vulnerable to 5G Nearly 80% of the U.S. commercial fleet has been deemed safe to operate around 5G antennas, but not some of the largest freighters in the...
How low can tankers go? Analysts slash rate forecasts (again) Shipping analysts rethink outlooks on crude and product tanker rates: already grim market appears even grimmer.
National Airlines delivers US-made Javelin missiles to Ukraine A commercial cargo carrier is at the forefront of U.S. efforts to supply Ukraine with weapons ahead of a possible Russian invasion.
Chevron aims to grow, not shrink, oil and gas volumes during energy transition: VP Chevron will aim for a balance of growing its oil and gas production, but with fewer emissions, while continually investing in more "new energies" solutions ranging from carbon capture projects to hydrogen to renewable fuels, a corporate vice president said Jan. 25.
USGC middle distillate shipments to Europe at 87,800 mt in February so far Around 87,800 mt of US Gulf Coast diesel is currently on the water and set to arrive into Europe in February, according to Kpler and Platts cFlow tracking data and shipping fixtures.
ARGENTINA DATA: Vaca Muerta drives Neuquen's crude exports up 45% in 2021 Crude exports from Neuquen, the biggest oil-producing province in Argentina, surged 45% to 7.7 million barrels in 2021 from the previous year, as companies stepped up development of the giant Vaca Muerta shale play.
Potential ban on Russian use of SWIFT payments, dollar could impact energy exports A potential ban on Russian use of the SWIFT payments system and the dollar could impact energy exports, if included in new financial sanctions in the event of a Russian invasion of Ukraine.
Geopolitical experts size up US sanctions options in Russia-Ukraine standoff US sanctions targeting Russian energy flows other than the Nord Stream 2 gas pipeline are seen as less likely in the Ukraine standoff, although financial sanctions and export controls expected in the event of an invasion still pose risks to oil prices and global commodity markets.
US crude stocks show surprise build amid tepid refinery demand, exports US crude oil inventories moved higher for a second week in the week ended Jan. 21, US Energy Information Administration data showed Jan. 26, amid tepid refinery demand and weak exports.
US DATA: US diesel stocks fall 2% week on week Ultra-low sulfur diesel in storage decreased despite an uptick in production across the US during the week ended Jan. 21, Energy Information Administration data showed Jan. 26.
OIL FUTURES: Crude pushes to seven-year highs as global supply concerns offset US inventory build Crude futures settled at seven-year highs Jan. 26, shrugging off an unexpected US stock build amid a continued focus on global supply risk.
THAILAND DATA: December exports of heavy fuel oil, jet fuel up; automotive diesel, naphtha down The country exported 61,041 b/d of heavy fuel oil in the month, surging 19.3% year on year. The bulk of exports went to Singapore and Malaysia at 26,053 b/d and 21,641 b/d, respectively.
Japan to subsidize refined oil products for first time in bid to curb retail prices Subsidies of Yen 3.40/l (3 cents/l) will be paid to refiners and oil products importers Jan. 27-Feb. 2, according to the Ministry of Economy, Trade and Industry.
UK carbon price hits fresh high on strong fundamentals UK Allowance futures contracts for December 2022 delivery on the ICE Futures Europe exchange rallied as high as GBP81.25/mt ($109.40/mt) intraday Jan. 25, compared with GBP78.86/mt at the close Jan. 24.
OIL FUTURES: Crude rally extends despite surprise US stock build US commercial crude stocks climbed 2.38 million barrels to 416.19 million barrels in the week ended Jan. 21, US Energy Information Administration data showed Jan. 26.
HSFO grows share of bunker market at Rotterdam in 2021 amid supportive Hi-5 The volume of petroleum-based fuel, including bio-blends, rose 3% from 2020's level to 9.59 million mt.
Hong Kong 380 CST bunker fuel premium surges to 3-month high on robust demand This was compounded by cargo arrival delays at the terminal, sources said.
JAPAN DATA: Oil product exports rise 12.6% to 3.96 mil barrels over Jan 16-22 Exports of high sulfur fuel oil surged 87.3% week on week to 530,385 barrels in the week to Jan. 22, while gasoline exports slumped 58.1% on the week to 360,757 barrels.
Demand for Singapore Q1 delivered low sulfur marine fuel subdued as premiums rise The firming quarterly term contractual premiums of International Maritime Organization-compliant bunker fuel has crimped demand compared to the previous quarters, though shipowners were still keen to hedge against the bullish crude oil prices, said market sources.
THAILAND DATA: Dec transportation fuel exports fall on steady domestic recovery Market participants said the lower export volumes came on the back of continued domestic demand recovery in the country as Thailand continues to relax pandemic-induced movement restrictions.
FUJAIRAH DATA: Oil product stocks climb to eight-week high after gasoline, naphtha exports slow Heavy distillates stocks were 9.835 million barrels as of Jan. 24, down 1% from a week earlier. Heavy distillates include fuel oil for power generation and shipping.
- 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
