Scorpio Bulkers sells another Emanuele A. Lauro led Scorpio Bulkers Inc. (NYSE: SALT) has agreed the sale of another bulker as it continues on the path to transition that it began in August when it announced
Congresswoman tours Mid-Atlantic Maritime Academy The Mid-Atlantic Maritime Academy (MAMA), Norfolk, Va., was recently visited by U.S. Representative Elaine Luria (D.) of Virginia's Second Congressional District. MAMA offers over 90 USCG-approved deck courses and engineering classes, Its
Canada takes delivery of second interim icebreaker from Davie The Canadian Coast Guard has taken the delivery of the CCGS Jean Goodwill, the second of three medium interim icebreakers created by Davie Shipbuilding in Lévis, Quebec, through the conversion of a
Thordon Bearings look good for thirty years of problem-free cruising A recent inspection of the twenty-year-old Thordon water-lubricated propeller shaft bearings installed on a twin-screw cruise ship were found to be within classification society parameters and suitable for continued use for a
Vestdavit will supply Polar Security Cutter davits Vestdavit Inc. has won a tender to supply shipbuilder Halter Marine, Pascagoula, Miss,. with marine davits for the U.S. Coast Guard's new Polar Security Cutter (PSC). Two Vestdavit HNFE-5000 davit systems will
Torqeedo powers Thailand's first electric passenger ferry fleet Thailand's first emissions-free commuter fleet was placed into service on November 26 2020 by the Bangkok Metropolitan Authority (BMA). Seven new vessels joined the first test boat, which has been successfully transporting
ClassNK unfolds Digital Grand Design for sustainability SPONSORED CONTENT: ClassNK's Digital Grand Design frames its strategy for a more sustainable maritime industry. ClassNK recently unveiled its Digital Grand Design to express the pivotal role it expects digital technology to
Rolls-Royce acquires marine automation specialist Servowatch Aiming to significantly expand the ship automation division of its MTU brand, Rolls-Royce has acquired U.K.-based integrated marine automation solutions specialist Servowatch Systems from India's Larsen & Toubro. The new subsidary's open
CSSC Shipping acquires suezmax tanker linked to Restis Stock filing shows that Raina Shiptrade, ultimately controlled by the Restis family, is the current owner of the tanker. According...
Gunvor lines JV to tap Vietnam LNG demand Vietnam is seen as a growing LNG market, with 22 projects now approved by the local government seeking to import...
US ramps up inspections of container shipping carriers "We are looking into all potential - I repeat - all potential responsive actions, including a review of whether such...
Collaboration and fleet conversion carbon-critical needs for 2021 Liquefied natural gas 'offers a great stepping-stone in the right direction supporting the transition'
Markets will drive environmental change ahead of regulators, shipping warned Former Norwegian Shipowners' Association chief executive and current ocean adviser to the UN believes markets will drive change faster than...
Hapag-Lloyd lifts earnings guidance again After a strong third quarter of 2020, Hapag-Lloyd expects the fourth quarter to continue in the same vein. It raised...
From the News Desk: Major Asian economies reject EU decarbonisation plans Representatives from Asia's three major shipbuilding states have joined the calls for the European Commission to change course on its...
Swedish Club announces 5% hike for P&I, 10% for FD&D The Swedish Club has announced general increases for both protection and indemnity and freight, demurrage and defence classes at the...
Top 10 in regulation in 2020 The pandemic may have derailed the pace of regulatory proceedings, but efforts by the biggest players to shape those regulations...
Container terminal operators hit by $1.9bn fall in earnings First-half of the year earnings are down by a fifth from where the were projected to be before the pandemic...
Turkish cargoship detained off Libya Libyan National Army forces detained the 8,508 dwt Mabrooka en route from Port Said to Misrata on December 4, according...
Lloyd's List 2021 Shipping Outlook Forum: Poll results The recent Lloyd's List 2021 Shipping Outlook Forum addressed some of the critical questions facing shipping and provided insight into...
Daily Briefing Free to read: Box demand holds firm beyond peak season | Pollution mapper plots shipping's route to help the environment...
DSME expects to clinch 10 LNG-fuelled VLCCs Formal shipbuilding contracts will be completed in the first quarter of next year, which would pave the way for DSME...
Standards set for electronic bills of lading The pandemic has driven shipping closer towards paperless documentation. The latest step in the DCSA's electronic documents programme seeks to...
Seaspan orders five 12,200 teu boxships The transaction is expected to add about $910m of contracted cashflows to the company over the charter period. Details of...
The mystery of the frozen trans-Pacific spot rates Trans-Pacific spot index rates haven't budged from the same peak band for the past 10 weeks. How is this possible in a competitive free market?
Cargojet adds capacity for DHL to meet e-commerce surge Express carriers like DHL are getting slammed with e-commerce shipments as the holidays approach, and transportation contractors like Cargojet are throwing resources into the response.
Storm-beaten ONE Apus berths in Japan The state of customers' freight remains unknown as inspection of the 14,052-TEU vessel begins.
South Carolina Ports: Southeast market 'booming' CEO Jim Newsome calls Walmart's $220 million investment a signal that SCPA is "prepared to be a force in retail distribution."
DHL to deliver Pfizer/BioNTech vaccine in Germany DHL will be the first to deliver COVID-19 vaccines in Germany. Integrated logistics companies like DHL, FedEx and UPS have an advantage with their closed...
Digital Container Shipping Association helping shape paperless trade E-documentation initiative establishes data and process standards for bill of lading preparation and issuance.
OIL FUTURES: Oil steady as market weighs supply outlooks against rising pandemic risks Oil futures settled mixed Dec. 8 after a directionless session as the market pitted the rising threat of pandemic lockdowns against forecasts of tighter oil markets in 2021.
China's Zhoushan port Jan-Nov bonded bunker fuel supply rises 18% on year China's budding bunkering hub, Zhoushan port, supplied 4.14 million mt of bonded bunker fuels over January to November, rising 18% year on year, an official from the Zhoushan Port and Shipping Administration Bureau said Dec. 8.
FEATURE: India's growing love for spot LNG may shift 2021 import strategy India's growing interest to buy LNG cargoes based on spot prices may start to alter its import landscape in 2021, prompting producers to rethink their supply strategy, while gas demand could see double-digit growth as industrial and residential consumption revive.
FEATURE: Soaring VLGC rates unlikely to spark fresh wave of new buildings Very Large Gas Carrier rates on the key Persian Gulf to Japan route soared to its highest level in almost five years and four months at $98.5/mt Dec. 8, but this would not trigger a fresh wave of new buildings in a well-supplied LPG shipping market, industry sources said.
European diesel cargoes hit fresh highs on limited supply Premiums for CIF NWE and CIF Med ULSD cargoes hit their highest point in four and five months, respectively, Dec. 7, on tightening supply-side fundamentals in both regions.
Europe and Africa residual fuel: Key market indicators this week The European fuel oil markets have seen demand decline with the approach of year-end; however, supply continues to be heard lower than typically expected with reduced refinery runs seen throughout this year.
USAC distillate imports rise as region reimagines supply chains Imports of distillate barrels to the US Atlantic Coast have surged in 2020, with the region looking to alternate sources of product to meet demand seen despite the fallout from the coronavirus pandemic.
Oil products in spotlight as Brexit transition draws to close **EU took 68% of UK oil products exports in 2019 **Little visibility on what is to come
Containers face fresh customs rules, demand spike ahead of Brexit transition deadline **December container rates almost double November levels **EU accounts for over half of UK imports **COVID-19 adds further pressure to supply chain
REFINERY NEWS: Poland's Gdansk launches hydrogen unit Poland's second largest refiner, Grupa Lotos, said Dec. 8 it has commissioned a hydrogen recovery unit that will produce almost 9,000 mt of hydrogen a year.
REFINERY NEWS ROUNDUP: South Africa's Engen halts following explosion **Engen sells fuel oil to Durban bunker market **Cape Town refinery also halted due to explosion
Goldman Sachs' Currie predicts 'long-lasting bull market' for virtually all commodities **Oil demand 102.5 million b/d in 2022, prices at $65/b end-2021 **Energy transition to stimulate oil demand, EVs facing lithium shortfall **US stimulus to kick-start policy boost for demand globally
Russian 2020 river navigation closes late after early start **Mild weather has extended season **Fuel oil and vacuum gasoil typically transported by river for export
UAE's ADNOC launches second trading arm specializing in refined products **New arm is joint venture with Eni, OMV **First trading arm started up in September **ADNOC, ICE to launch Murban futures in March
FEATURE: Fujairah eyes 4th refinery in 2021 as Oman plans to add storage **Brooge Energy plans 25,000 b/d refinery **Fujairah marine fuel prices tumble this year **Murban futures trading may provide incremental boost
Singapore bunker market unfazed by Ocean Bunkering Services liquidation: sources **OBS cannot continue its business due to liabilities **Creditors meeting to be held Dec. 15 **Singapore bunker market well diversified
Libya's rapid rebound drives OPEC+ output to 6-month high: S&P Global Platts survey **OPEC output rises to 24.54 mil b/d on Libyan surge **Non-OPEC allies trim production by 50,000 b/d **OPEC+ compliance steady at 100.2%
Singapore's MPA extends relief measures until June 2021 amid COVID-19 hurdles The cumulative amount of support under the package is S$33 million.
Singapore fuel oil swap trades during Platts MOC surge 69.8% on month in Nov The high sulfur bunker fuel oil market also continued to see strong demand in November.
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