First attempt to refloat Ever Forward set to start U.S. Coast Guard 5th District reports that an initial attempt to refloat the grounded containership Ever Forward will be made Tuesday, March 29, at noon. The attempt is being made by the
Clean Canaveral completes inaugural LNG bunkering The largest Jones Act LNG bunker barge thus far delivered, the 5,500-cubic-meter Clean Canaveral, has completed its inaugural LNG bunkering in Jacksonville, Fla. The vessel operates with the recently delivered tug Polaris
VIDEO: Chinese vessels risk collisions with Philippines Coast Guard The Philippines Coast Guard (PCG) has released video showing aggressively close maneuvering by a Chinese Coast Guard vessel that brought it within 21 yards of a PCG vessel. The incident took place
Master Boat Builders delivers first Seabulk electric-hybrid tug Master Boat Builders Inc. reports that its Coden, Ala., shipyard has now delivered the electric-hybrid tug Spartan to Fort Lauderdale, Fla., headquartered SEACOR group member Seabulk. Designed by Robert Allan Ltd., the
New fleet of MGO-fueled tugs will feature onboard carbon capture Two Netherlands-based companies are to carry out a conceptual design study for a new fleet of MGO-fueled tugs that will be fitted with an onboard carbon capture system. The tugs are to
Shipping's digital disconnect may only be resolved by a disaster Significant disconnects still exist between the industry's expectations of cyber security and the realities on the ground. The assumption that...
Ports' skills outlook is too short-term Perhaps the reason why ports are playing catch-up as shipping steps through the technological gears is that they are not...
Week in newbuildings: Boxships sector prevails New containerships have been ordered by both liner operators and non-operating owners, a Swedish owner adds another chemical tanker and...
Dorian LPG raises $100m in cash from sale-and-leaseback brace Two 'Japanese financing transactions' were worth $70m each and resulted in cash proceeds of $100m. The separate sale of a...
High bunker prices will shrink bulker supply Star Bulk president Hamish Norton said the biggest contributor to high spot rates has been high bunker prices, which is...
Greek-owned fleet reaches record Greek shipowners have increased their footprint in the dry bulk sector and gas carriers in the past 12 months
Shanghai lockdown escalation adds to supply chain chaos Surging positive cases have caused neighbouring provinces to shun truck drivers who have been to Shanghai
Port skills training requires better focus New technologies are throwing up challenges to traditional port labour. The sector needs clearer leadership about skills training to ensure...
P&O Ferries faces UK demand to 'immediately' reinstate sacked staff 'A reversal at this point may also go some way in starting to repair your firm's reputation,' Transport Secretary Grant...
The week in charts: Tanker market leads demolitions | US-Europe gas deal to lift LNG rates | Hundreds of vessels and seafarers stuck in Ukraine The number of ships leaving Russian ports dropped 35% in the weeks following its incursion into Ukraine, P&O Ferries' fleet...
Containers: Box carriers expect more of the same in 2022 The results are in - and container lines are the winners. Another strong year is ahead, although the threat of...
Marine insurance: P&I plateaus while H&M hardens North Standard merger will give Gard a real rival and is likely to see other mergers, as peers bulk up...
Iranian oil crucial for VLCC recovery, says China Merchants A nuclear deal between the US and Iran to lift the sanctions on the latter country will spur the demolition...
Wan Hai Lines orders five 13,000 teu boxships Its latest purchase, estimated to cost between $659m and $700m, aims to ensure that its fleet will remain competitive
Daily Briefing Neutral shipping needs a blue corridor out of Ukraine | Sovcomflot added to UK's Russian sanctions list | Shipmanager linked...
Shanghai's 2-stage COVID lockdown may make getting containers 'almost impossible' "This will limit the capability of factories to deliver containers to the ports," said one industry consultant.
Airbus tests biofuel on A380 for first time Airbus is investing heavily in making planes that can fly entirely on sustainable aviation fuel as a bridge to hydrogen power.
WestJet marks new era with move to cargo jets WestJet is among several passenger airlines going all-in on all-cargo operations.
Pennsylvania lawmakers debate joining RGGI, expanding oil and gas development A debate over enacting a carbon tax or joining the Regional Greenhouse Gas Initiative raged in the Pennsylvania House Environmental Resources and Energy Committee March 28, when the Republican-majority committee approved a bill that would allow the General Assembly to determine RGGI participation.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators FOB Rotterdam 0.5%S marine fuel barges were assessed at $860.25/mt March 25, up $96/mt week on week as the crude oil market fell.
REFINERY NEWS: Weekend fire shuts units, cuts rates at ExxonMobil's Montana refinery ExxonMobil said it shut down units after a fire was reported on March 26 at its Billings, Montana, refinery, reducing rates in the plant's other units.
REFINERY NEWS: Spain's Bilbao restarts alkylation unit The Bilbao refinery said it has restarted the alkylation unit after completing maintenance.
Venezuela's PDVSA maintains Merey crude output with Iranian condensate Venezuela's state-run PDVSA maintained an average 395,000-400,000 b/d of Merey crude production for export in March, supported by the import of condensate from Iran to dilute extra-heavy crude from the Orinoco Belt, according to a technical report that S&P Global Commodity Insights reviewed.
US distillate stocks expected lower as Russia-Ukraine war drives strong exports arbs US distillate stocks likely declined in the week that ended March 25, analysts S&P Global Commodity Insights surveyed said March 28, testing 17-year lows amid strong export pressure.
OIL FUTURES: Crude slides 7% as China lockdowns threaten demand outlooks Crude futures retreated March 28 as expanded pandemic lockdowns in China weighed on demand outlooks.
BRAZIL DATA: Refined product output up 1.3% on year in Feb Refineries produced 55.089 million barrels of diesel, gasoline and other refined products in February, a 1.3% advance from 54.392 million barrels in February 2021, ANP said in its latest production report.
European 3.5%, 0.5% fuel oil paper markets hit record backwardation on tight Russian supply The availability of the 0.5%S and 1%S fuel oil grades was tight due to a lack of low sulfur cracked fuel oil amid meagre high sulfur vacuum gasoil supply because of the war, market sources said.
Sinopec projects with Russia operating 'generally smooth;' to buy crude 'at favorable rates' Despite the mounting and sweeping financial sanctions against Moscow, Sinopec's investments and business operations in Russia remain relatively stable for now, though the company will rigorously assess business economics and financial risks for any Russian energy trades and projects ahead.
Abu Dhabi's Mubadala to pause investments in Russia The decision to pause investment would make Mubadala the first Middle Eastern entity to take such a stance.
REFINERY NEWS ROUNDUP: More European plants stop buying Russian crude Norway's state-controlled Equinor is to stop trading or transporting Russian oil, it said late March 14, following a decision to exit its Russian joint ventures in response to the invasion of Ukraine.
Turkey neutralizes two mines in southern Black Sea
Fujairah's April term ex-wharf bunker premiums rise on dwindling stockpiles Refiners at the Middle Eastern bunker hub of Fujairah were heard unable to import requisite volumes of straight-run fuel oil products for blending operations, amid lackluster arbitrage economics, local traders said.
Russian demands for energy payments in rubles a supply 'threat': IEA The Russian plans, still not spelled out in detail, have led to question-marks over how they would be implemented, particularly given measures by the US and its partners intended to isolate Russia in response to the invasion of Ukraine.
THAILAND DATA: Feb heavy fuel oil, jet fuel exports rise; automotive diesel falls The country exported 73,249 b/d of heavy fuel oil in the month, surging 47.6% year on year, and 59.1% month on month, with Singapore, Malaysia and South Korea being the key buyers.
Asia residual fuels: Key market indicators for March 28-April 1 Market sources said cutter stocks with a 0.2%-0.3% sulfur content is in short supply as gasoil strength has attracted the cutter stock to the middle distillate market.
Zhoushan delivered, ex-wharf MF 0.5%S bunker spread widens to three-month high The uptick in bunker demand followed a steep outright price drop as buyers sought to meet requirements, traders said.
Singapore HSFO viscosity spread widens to 6-month high on strong 180 CST demand Bangladesh is buying 180 CST HSFO actively amid rising temperature, industry sources said, while Pakistan State Oil bought 65,000 mt of 180 CST HSFO for the first half of April delivery from Vitol, S&P Global reported previously.
Russia an important OPEC+ member, can't replace its production: UAE's Mazrouei OPEC+ ministers are set to meet March 31 to decide on May production levels at a time when major oil consumers, including the US, have called on the coalition to boost its output beyond the 400,000 b/d monthly increase that has been implemented since mid-last year.
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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