OOCL launches multi-modal (rail-sea) service from ICD Ludhiana to Bangladesh via Kolkata
East Coast Maritime Forum & Eastern Star Awards 2022 facilitates personal interaction, important discussion & deserving appreciation as the industry comes together under one roof
DGFT Helpdesk for Russia-Ukraine related International Trade Issues
Baltic Exchange Market Report (25 February 2022)
Leather, footwear exports seen crossing $6 bn in FY23
Textiles exports can rise to $100 bn in 5 years
Indian economy seen growing at quickest pace among large nations
Exporters wary of Ukraine crisis, delay Russia orders
Sonowal inaugurates Mobile Container Scanner at Visakhapatnam Port
DB Schenker & CMA CGM offer regular emission-free ocean freight
Adm. Schultz reveals name of first Polar Security Cutter Admiral Karl Schultz, commandant, U.S. Coast Guard, delivered the annual State of the Coast Guard Address, Thursday, at Coast Guard Air Station Clearwater. "Truly, the state of the Coast Guard is stronger
Shipping shuns Russia risk as sanctions fuel rocketing rates Insurers are seeking legal clarity over Russian risk, but shipping businesses are deciding to steer clear of any exposure to...
Diana Shipping boosted by OceanPal spin-off The Greece-based owner posted higher-than-expected fourth-quarter profits. A $15m gain from spin-off of OceanPal contributed to results
Thessaloniki signs off on container terminal expansion A new expansion project for Greece's second-largest container hub will give Thessaloniki the ability to serve boxships of up to...
Bleak outlook for grain exports from Russia and Ukraine With ports largely shut and commercial vessels prevented from entering the Sea of Azov, exports will undoubtedly be impacted, and...
Facing both ways on Russian shipping sanctions The west absolutely should show solidarity with Ukraine. But such is our dependence on seaborne Russian energy and commodities that...
HHI to reopen Gunsan shipyard after spike in orders About 64% of global orders for eco-friendly vessels were won in 2021 by South Korean shipbuilders, but the country's president...
Container lines reroute Black Sea services as crisis worsens The Black Sea is a minor trade for container shipping. But the wider implications of the Russian invasion cast longer...
Ships hit by missiles as Ukraine forces defend Odessa and Mariupol Fighting continues between Russia and Ukraine at the Black Sea ports of Mariupol and Odessa as the International Maritime Organization...
Maritime plots a course to digital connectivity Digitalisation is seen as having coalesced around the challenge of decarbonisation and that is accelerating the pace of innovation
CIMC plans to spin off intermodal logistics unit Move is expected to help the subsidiary enhance its competitiveness and raise funds directly from the capital markets
Daily Briefing Shipping scrambles to react to 'nightmare scenario' | Sea of Asov closed to shipping as Russia invades Ukraine | Turkish...
Shipping ignoring short-term environmental wins The Maersk Tankers spin-off has grown since July 2020 from 38 employees to 100, acquired two companies, signed several strategic...
Port of Savannah plans to boost container capacity by 60% Georgia Ports Authority outlined projects that would take container capacity to 9.5 million TEUs by 2025.
Bargaining over West Coast ports labor pact puts retailers on edge The port chaos cocktail: Mix 12 months of container bottlenecks with contentious contract talks for dockworkers.
SOUTH KOREA DATA: Jan oil products demand up 15.4% on year at 2.82 million b/d South Korea's oil products demand in January rose 15.4% from a year earlier, driven by robust economic recovery and manufacturing activity, though consumer transportation fuel demand was seen fragile amid surging retail fuel prices, market participants said Feb. 25.
SINGAPORE DATA: Middle distillate stocks fall to six-week low Singapore's commercial middle distillate stockpiles fell 1.42% week on week to 7.36 million barrels on Feb. 23, Enterprise Singapore data released late Feb. 24 showed.
Bunker players in Asia, Middle East assess Russia-Ukraine crisis as conflict escalates Bunker players and shipping-related sources in Asia and the Middle East are keeping a close eye on developments related to the Russia-Ukraine crisis, with many preparing for higher marine fuel prices amid tightening supply and firm demand, but direct impacts from the conflict are expected to be minimal for now.
European, Med bunker fuel prices soar after Russia invades Ukraine Marine gasoil and very low sulfur fuel oil prices at ports in Europe and the Mediterranean recorded their biggest ever one-day rise Feb. 24 following Russia's invasion of Ukraine.
European feedstock traders await clarity on sanctions' impact on Russian product flows European feedstock and fuel oil markets were reflecting a "wait-and-see" approach to determine the impact of sanctions oil product flows out of Russia, traders said.
Traders steer clear of Russian crude amid sanctions response Oil traders warn it is becoming very difficult to trade Russian crude as the international response to the invasion of Ukraine ripples through commodities trading.
OIL FUTURES: Crude settles lower amid lack of sanctions on Russian energy flows Crude prices settled lower Feb. 25 as concerns of near-term supply disruptions eased amid a lack of Western sanctions against the Russian energy sector.
Bunkering in Ukraine halted, operations moved elsewhere: sources Suppliers halted bunker operations at all Ukrainian ports, transferring operations to the Bosporus and outside border locations, bunker sources said Feb. 25.
US sanctions on Russia carve out room for energy to breathe, keep oil prices in check for now The US has no plans to intentionally disrupt energy flows from Russia as the risks to the fragile economic recovery and global oil markets remain too steep, a White House official said.
Oil and products markets weigh Ukraine conflict impact "This is a commodity bubble like we've never seen before," S&P Global Platts Analytics said in a research note Feb. 24, noting that oil demand may only grow 1.9 million b/d in 2022 should there be a deep and broad incursion compared to 3.4 million b/d under a limited incursion scenario.
TOAZ suspends ammonia transit following Yuzhny port closure TOAZ exports the bulk of ammonia to Morocco and Turkey through the Black Sea port of Yuzhny, which closed along with associated pipelines Feb. 24 following Russia's invasion of Ukraine.
Moldovan flagged chemical tanker hit by missile in Black Sea The agency said the source of the missile was unknown but it comes amid heightened concern amongst shipping operators around the security of vessels operating in the area after Russia invaded Ukraine on Feb. 24. The Kremlin has suspended shipping in the Sea of Azov until further notice.
OIL FUTURES: Crude hovers below $100/b amid lack of energy sanctions Crude futures settled below the $100/b mark on Feb. 24, having hit an intraday high of $105.79/b, the highest level since August 2014, after US President Joe Biden said there are currently no plans to target Russia's energy complex with sanctions.
RUSSIA DATA: Jan refining throughput rises 10.1% on year to 24.997 mil mt The year-on-year increase in throughput was due to run cuts in early 2021.
ARA fuel oil stocks drop 1.89% on week to 987,000 mt: Insights Global The is the third week in a row stocks have dropped.
BUNKERWORLD INDEX: Prices jump on Ukrainian invasion *Bunker prices jump following Russian invasion of Ukraine *ICE Brent futures trade above $105/b *Demand subdued as markets react to crisis
EUROPEAN VGO: Seven vessels load in week to Feb. 25 Most imported feedstocks in Europe and the US originate from Russia, with a majority coming from Black Sea ports. Therefore, operational delays or closures in those ports can have an impact on feedstock supplies.
Black Sea and Azov shipping and ports hit by Ukraine conflict Russia's invasion of Ukraine Feb. 24 has resulted in disruption to shipping in the Black Sea and several ports in the region, which is particularly vital to global supply of raw materials, grains and fertilizer.
ENEOS' high sulfur bunker supply at Kiire falls on strong demand from utilities The company had been supplying about 10,000-20,000 mt/month of high sulfur bunker fuel at Kiire, while the volume almost disappeared due to tight availability of high sulfur bunker fuel, bunker traders said.
Russia-Ukraine conflict prompts uncertainty on Americas tanker markets Since the level of sanctions that is going to be placed on Russia from Western powers is unclear so far, Mackay said it was too early to tell how ton miles and trade patterns could change and whether and to what extent energy infrastructure might be impacted.
US residual fuel, bunker markets jump as Russia invades Ukraine While some markets came off from highs earlier in the day as crude prices fell at the close, retail bunker prices held firm on supply uncertainties.
US to sanction top Russian banks but not energy flows or SWIFT access Blocking energy flows and banning Russia from the international financial messaging service SWIFT - two potential responses to Russia's military invasion of Ukraine - remain on the table but were not pursued in the latest sanctions package from the US.
SINGAPORE DATA: Residue stocks fall 11% as fuel oil imports fall, exports rise Fuel oil imports into Singapore fell across the board, with no imports recorded over the week from the Americas, Russia and Africa.
EU sanctions to hit Russia's oil refineries: European Commission The European Union has approved a preliminary package of sanctions against Russia that will target the country's oil refining and transport sectors, European Commission President Ursula von der Leyen said Feb. 25.
Odessa bunker operations normal amid Ukraine-Russia conflict: sources Bunker demand is expected to rise in nearby Skagen, Georgian and Turkish ports.
Fujairah sees 12th licensed bunker supplier amid strong delivered market There are currently 11 licensed bunker suppliers providing compliant fuels, according to the Port of Fujairah website Feb. 25, while the list has yet to include Global Energy.
HSFO Singapore-Fujairah bunker spread widens to over four-month high The spread was last assessed higher $4/mt Oct. 20, 2021, the data showed.
INDIA DATA: Jan gasoil exports fall 15.8% on month amid stock building Exports were up 10.76% year on year, the data showed, reflecting the overall recovery in demand from importing regions as several countries ease pandemic restrictions.
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