GAO reports on offshore wind Jones Act build issues The GAO (Government Accountability Office) has released a report with a title that, while long, pretty much sums up what's inside: "Offshore Wind Energy: Planned Projects May Lead to Construction of New
Xanthos Kyriacou named MD of new Italy-based ship management JV Columbia Shipmanagement (CSM) reports that Xanthos Kyriacou has become Managing Director of CSM Italy, a new joint venture with Genoa, Italy, based shipowning group Premuda. Kyriacou has extensive experience of the shipping
VIDEO: "Future Funnel" aims to be future-proof emissions solution A spinoff from the Lysaker, Norway, headquartered TECO Group has launched a ship exhaust stack based marine emissions reduction system called the TECO 2030 Future Funnel. The solution has been developed to
PODCAST: ClassNK's Makiko Tani discusses cybersecurity on board ships In this edition of Marine Log's Listen Up! podcast, we talk with Makiko Tani, who is deputy manager of ClassNK's cybersecurity team, about the society's recently unveiled digital grand design. ClassNK, expects
US retail experts see containerised imports rising into 2021 With retail sales rebounding strongly due to continued consumer resilience, the National Retail Federation has forecast that holiday sales during November and...
MOL to build wind-powered coal carrier The 99,000 dwt vessel, which will be propelled by the so-called Wind Challenger system, is expected to start operation in...
Brexit will bring disruption deal or no deal, shipping warned UK shipping groups warned the end of the Brexit transition will lead to disruption at ports even if the UK...
Shipping will need priority access to alternative fuels Shipping, like aviation, will face more challenges than other modes of transport in decarbonising and should thus be among the...
Weekly briefing: Questions over boxship safety; Australian coal discharges in China A substantial loss of containers on board ONE Apus has again brought the issue of containership safety into focus. Meanwhile...
Baltic Exchange targets banks with new investor indices launch New 'health of earnings' index shows November averaged 1,394 points, the lowest since June
Scorpio Bulkers agrees to sell two more ultramaxes The offloading of two more vessels for about $34m will leave the company with an operated fleet of 32 bulkers...
Trafigura expects to become more active in tanker spot market Trafigura believes that tanker market fundamentals 'are not encouraging' over the next six to 12 months due to demand destruction...
Logistics industry calls for UK government help on port congestion UK logistics groups have called for government help keeping supplies moving as congestion born of imbalanced container trades continues to...
Shell linked to LNG-fuelled VLCC orders at DSME The energy giant, a strong advocate of using liquified natural gas as a marine fuel, is said to be discussing...
World boxship fleet update: Finding equilibrium Containership owners and operators are still going to the yards to replenish their fleets. But the latest newbuilding orders indicate...
Irish Sea deal could see most goods exempt from EU tariffs Britain's Michael Gove and European Commissioner Maros Sevcovic reach agreement in principle on trade with Ireland, but not yet done...
Digital advantages will grow as data standardisation comes closer Companies waiting for regulators to give the lead in digital transformation will be left behind, webinar speakers agreed. Rapid standardisation...
Australian coal discharges in China not seen as policy U-turn An analyst said the discharges were mainly related to vessel demurrage avoidance rather than any inclination by China to ease...
US sanctions shipping companies over North Korea links The US Office of Foreign Assets Control has blacklisted another six entities, including two registered in the UK, as well...
Top 10 classification societies 2020 Familiar faces were among the top in class as the anticipated transition to remote surveying was accelerated in 2020 by...
Daily Briefing Free to read: Markets will drive environmental change ahead of regulators | Lloyd's List 2021 Shipping Outlook Forum: Poll results...
FedEx, partner win $70M Canada COVID-19 vaccine logistics contract FedEx Canada and Innomar Strategies secure a Canadian government contract to distribute millions of COVID-19 vaccine doses.
Georgia Ports continuing record-setting ways The all-time best month tops the mark set in just October.
Q&A: Flexport on 2021, container crunch and liner pricing coup The trans-Pacific surge will persist through Q1 and January could see all-time-high container volumes, predicts Flexport's Nerijus Poskus.
Dry ice: The Russian An-124 freighter's COVID vaccine advantage The heavy-lift cargo plane is not the first aircraft that comes to mind for coronavirus vaccine delivery, but with the right planning, Volga-Dnepr says it...
Ag shippers feel pain from lack of ocean containers "This is one of the most difficult seasons we've been facing trying to move our cargo out of the United States," says a California almond...
Commentary: Choppy skies post-Brexit Beyond the EU, the U.K. will have to busy itself establishing bilateral air service agreements with other countries as well.
1A Auto driving for faster deliveries with Jacksonville warehouse "We're able to reach virtually 100% of our customers in Florida overnight from Jacksonville, which was a real selling point for us," says aftermarket auto...
Monster-size cargo plane returns to fill air transport void Antonov Airlines is bringing back its mammoth An-225 freighter, the only one of its kind in the world, to help alleviate a shortage of aircraft...
US crude exports fall to 2-year low; flows to Asia set to rebound US weekly crude exports fell to a more than two-year low over the week ended Dec. 4, according to data released Dec. 9 from the US Energy Information Administration.
US crude stocks race higher as exports test multiyear lows, imports surge US crude oil stocks moved sharply higher in the week ended Dec. 4 as exports tested multiyear lows and imports surged to levels last seen in July, US Energy Information Administration data showed Dec. 9.
ARGENTINA DATA: October crude oil exports tumble 46% on year Argentina's crude oil exports tumbled 45.8% in October year on year, as a recovery in domestic oil demand encouraged producers to sell more locally, Energy Secretariat data showed Dec. 9.
OIL FUTURES: Oil complex lacks direction after US crude build deflates overnight rally Oil futures settled little changed Dec. 9 after a volatile session following a large US crude oil stock build.
RUSSIA DATA: Nov refining throughput down 8.7% on year at 22.249 mil mt Russian refineries processed 22.249 million mt (about 5.4 million b/d) of crude in November, down 8.7% year on year but up 4.5% from October, according to energy ministry data released Dec. 9.
Oil products traded on Russia's Spimex in 2020 rise despite COVID-19 impact Volumes of oil products that traded on Russia's St. Petersburg International Mercantile Exchange (Spimex) in 2020 has increased despite the impact of COVID-19, its President Alexey Rybnikov said Dec. 9.
Only one in five transport companies aligned with Paris climate deal: TPI Fewer than 20% of transport companies globally are aligned with the Paris Agreement on climate change, a group of asset owners and managers said in a report Dec. 9.
Brexit risks for commodity markets The UK's tense negotiation of Brexit trade terms with the EU is prompting nervousness across the commodity space, with fears of a disorderly departure threatening long-established trade in commodities such as oil, and disruption in areas such as power, although some sectors such as sugar refining and grains may enjoy greater access to global markets.
UK Port of Felixstowe to have high volumes into New Year as demand surge continues **Port working slightly below historic highs **Government stockpile of PPE expected to be cleared from port this week **Carriers seek faster turnaround time due to Asia equipment shortages
US DATA: EIA says total US ULSD stocks build for second straight week to five-week high **Total US implied demand falls to three-month low **Midwest ULSD stock, production levels below five-year average **Gulf Coast production increases to 15-week high
Libyan oil exports to jump to 1.24 mil b/d in Dec: sources **Libyan crude, condensate shipments jump 16% in Dec **Boost in Es Sider, Zawiya, Zueitina exports **Robust demand for Libyan light sweets
FEATURE: European oil traders ponder role in changing market **As European refinery closures gather pace, traders re-assess **Overall headcount may not reduce, but fewer in crude trading
New supplier TFG Marine ramps up to 540,000 mt/month sales of bunker fuel **TFG Marine plans to offer biofuels at ARA from Q1 2021 **Fuel oil accounts for around 10% of Trafigura oil, oil-product sales **Fuel oil cracks rise against gasoline
REFINERY NEWS: Belarus Mozyr ready to launch hydrogen unit Belarus's Mozyr refinery is ready to launch a hydrogen unit -- the first stage of commissioning the new H-Oil hydrocracker.
S Korea HSFO differential hits 4-month high on tight supply **Tightness expected to when GS Caltex resumes supply Dec. 20 **GS Caltex typically produces 120,000 mt of HSFO/month
Italy's Eni, Saipem eye joint CCUS projects in Italy in decarbonization drive **Sign MOU for Italian decarbonization initiatives **Saipem has designed more than 70 CO2 capture plants **Eni already active in developing CCS hub in N. Italy
Crude MOC: Cash Dubai continues upward trend on firm Asian demand **Strong interest from Indian refineries **Chinese interest reported in Iraqi tender
European groups join hydrogen project targeting $2/kg production **Aim to hit 25 GW of worldwide RES-based hydrogen production **$2/kg target feasible in four years: ACWA's Padmanathan **Project will test green ammonia for thermal generation
FUJAIRAH DATA: Oil products stocks jump 12%, biggest gain since February **Gains across the board for first time since August **Exports have slowed in recent months **Fuel oil demand slows as weather turns colder
France's next aircraft carrier to be nuclear-powered **Nuclear power one of several options before shipping industry **More nuclear vessels could cause ripples in bunker industry
UK Honda plant halts operations on port congestion **Container rates almost double November's level **Customs concerns, coronavirus, Christmas support demand
Raising UK's climate ambitions for 2035 would put net-zero within reach: committee **Climate Change Committee unveils sixth carbon budget **First ever detailed route map for a decarbonized economy **2020s must be decisive decade for climate action: committee
Singapore HSFO prompt time spreads drop to near two-month lows **180 CST time spread flips to contango **Power sector demand dwindles on lower temperature
Singapore Marine Fuel 0.5%S differential falls to near 2 1/2-month low on muted downstream demand **VLSFO at Singapore weakened in November **Other ports competitive
Singapore-bound VLCC carrying gasoil turns West, easing oversupply concerns **Move brings relief to Asian gasoil market **Asian gasoil complex rises as oversupply concerns fade
Asian fuel suppliers see near-term sales opportunity in Africa amid S African refinery outages **S Africa's refining capacity halves following Engen outage **S Korea, China aim to boost fuel sales to S Africa **Engen, Astron unlikely to restart in 2020
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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