Port of Baltimore sets new record for container moves The Port of Baltimore has completed its greatest ever number of container moves from a single ship, with 5,536 moves conducted over three days by longshore workers handling the Maersk Edinburgh. This
Bureau Veritas steps up North American marine and offshore services Classification society Bureau Veritas (BV) has opened a new remote survey center in Miami in one of a number of steps it is taking to broaden and deepen its marine and offshore
BAE San Diego wins $103.5 million U.S. Navy contract BAE Systems San Diego has received a $103.5 million contract from the U.S. Navy for the maintenance and modernization of the Arleigh Burke-class guided-missile destroyer USS Preble (DDG 88). The value of
Scandlines builds up rotor sail operating experience Since the end of May the Scandlines hybrid ferry M/V Copenhagen has been operating on the Rostock-Gedser route between Germany and Denmark with its propulsion assisted by a 30 meter tall Norsepower
Ricardo delivers its first virtual remote IMO Tier III certification testing With COVID-19 travel restrictions and associated measures in place, global engineering and technical consultancy Ricardo plc has implemented a virtual certification test service that enables it to offer customers in the marine
Golden Ocean's Ulrik Andersen takes 'wait-and-see stance' on newbuildings Ulrik Andersen, who took over as the chief executive of Golden Ocean in April, says most owners are holding back...
Diversification helps Braemar overcome Covid slump Braemar says diversification has helped it weather the pandemic as it overcame Covid-related operational challenges and the slump in global...
Zim nets highest earnings in a decade The container line saw profits jump nearly 400% compared with the second quarter of 2019
Between the lines: Carriers up third-quarter capacity in anticipation of volume recovery In its latest analysis, Sea-Intelligence highlights how carriers are gearing up for a bounce back in container traffic in the...
Greek seafarer dies after bulker blaze in the Arabian Sea A 55-year-old Greek second engineer died and a 26-year-old Greek third engineer was injured
Time to ensure shipping is not out of sight, out of mind In working around the challenges imposed by the current remote working requirements, digital efficiencies are being found daily and collaboration...
Maersk throws money at crew repatriation effort, but expects no quick fix Of some 6,600 seafarers working on Maersk ships, around a third are now out of contract despite efforts to resolve...
Norden sets up joint-venture with Synergy for tanker management The Danish owner and operator raises the lower end of its profit guidance for the full year by $10m, based...
Weekly briefing: Steep fall in tanker tonne-mile demand; Maersk reinstates full-year guidance An 18.6% drop in tanker tonne-mile demand was recorded in July, with the steepest falls recorded in the Middle East...
Oil companies body offers remote inspections of tankers due to coronavirus It will be up to companies to decide on a case-by-case basis whether they accept a remote inspection
Wallenius Wilhelmsen keeps lid on costs as volumes start to return Scandinavia-based car carrier Wallenius Wilhelmsen said a sharp fall in volumes was "somewhat balanced" by cost cuts, cheaper fuel and...
AlixPartners advises Xihe court-appointed supervisors Three concurrent judicial management proceedings are taking place for the restructuring of OK Lim's business empire
Wakashio owner stands behind crew after arrest of master Wednesday's statement comes after the master of Wakashio was arrested on Tuesday, alongside another crew member, on charges of endangering...
DP World expands India footprint with feeder acquisition The new entities will continue to operate an asset-light structure in line with the Unifeeder model
Daily Briefing Free to read: Global crude tonne-mile demand is falling | Green ship finance is rising | Offshore fleet is contracting...
Australia ships first LNG to Chile The long-haul shipment is linked to a portfolio contract signed between GNL Quintero and BG, which is now part of...
CIMC ownership shake-up on the cards as Cosco sells stake The sale could potentially lead to the change of its largest shareholder, said Shenzhen and Hong Kong-listed CIMC, adding the...
Sulphur cap not all smooth sailing, survey reveals Sulphur content was among the parameters found most frequently to be off-spec when fuel oil samples were tested after bunkering...
Maersk lifts profits outlook with an eye on post-Covid recovery Maersk's $5.5bn earnings forecast for 2020 is back in line with average market growth, but it comes with caveats -...
China's record imports: Miracle or mirage? BIMCO analyst Peter Sand expects Chinese import growth to ease at some point in the second half of the year...
New York-New Jersey beats out Long Beach as number two US box facility, claims report The public and private investments have proven their worth by 'sustaining the efficient movement of goods at a critical time'...
United Airlines surpasses 5,000 cargo-only flights since March United Airlines' early commitment to quasi-freighter operations as the coronavirus crisis grew has paid off financially. The airline is ramping up cargo operations even further...
Longshore employer: Port of Montreal cargo must move "We are going to lose some of the food and pharmaceuticals."
Port of Long Beach marks best month ever Top July welcome news amid "devastating effects of the coronavirus on the economy."
World's largest container line triples profits despite COVID New normal for container shipping: active capacity management and digital spot bookings.
World Food Program says COVID air network could fold soon The United Nations' World Food Program is running a global air network with partner airlines to deliver COVID relief supplies to underserved communities but doesn't...
Freight consolidator Shipco sweeps away LCL 'touch points' Shipco Transport and its container freight station subsidiary ICT have adopted Vector Software to reduce human contact and on-site paperwork processing as the coronavirus persists.
Vietnam's July fuel oil imports fall 12% on month on weaker demand, returning domestic supply Vietnam's fuel oil imports in July recorded a 12.46% fall from June at 34,745 mt, latest preliminary data from the Vietnamese General Department of Customs showed, as demand in the country fell following a second wave of the coronavirus.
US weekly crude exports at over 1-year low, moving average remains supported US weekly crude exports were reported by the US Energy Information Administration at 2.14 million b/d for the week ended Aug. 14, down 1 million b/d from the week prior, and the lowest reported weekly level since the week ended Aug. 2, 2019, when the EIA reported weekly exports at 1.865 million b/d.
REFINERY NEWS ROUNDUP: Bunker demand rises in Fujairah Bunker volume at the Port of Fujairah in July rose 1% on the month after hitting a seven-month low in June, according to a report seen by S&P Global Platts.
Offline ULSD market jumps after Colonial Pipeline temporarily closes part of Line 1 ULSD off the Colonial Pipeline jumped on Aug. 19, following the recent closure of part of the pipeline operator's gasoline-only Line 1 following the release of product on Aug. 14.
Port of Corpus Christi still aims to export Canadian, Bakken crude The Port of Corpus Christi surpassed Houston late last year as the nation's top crude exporter, and now the rapidly growing petroleum hub aims to take the next step by shipping out grades of Canadian crude and Bakken Shale oil.
Maersk Q2 revenue falls as pandemic cuts container volumes by 16% on year Danish shipping firm A.P. Moller-Maersk recorded a drop in second-quarter revenue as demand destruction from the coronavirus pandemic reduced the company's container volumes by 16% year on year.
Israeli carrier Zim posts 5% on year fall in Q2 container revenue Container freight revenue at Zim Integrated Shipping Services Ltd. fell 5.3% on year at $687 million during the second quarter ended June 30, the company said on Aug. 19.
FUJAIRAH DATA: Fuel stockpiles edge lower led by drop in middle distillates Fujairah stockpiles of oil products dropped to a four-month low on Aug. 17, with middle distillates such as jet fuel and gasoil leading the way.
Argentina authorizes first hike in fuel prices in nine months Argentina's government authorized YPF, the country's biggest refiner, to hike diesel and gasoline pump prices by an average of 4.5% nationwide effective Aug. 19, the first increase in nine months, a move that is expected to help the state-backed company revive oil production after a slump during a coronavirus-induced lockdown of the economy.
OIL FUTURES: Oil little-changed as US crude stocks, product demand tumble Crude oil futures settled little-changed Aug. 19 on the heels of a mixed US inventory report.
CHINA DATA: Oil product output rises 7% on year to 40.31 mil mt in Jul China's total output of six major oil products, LPG, naphtha, gasoline, jet/kerosene, gasoil, and fuel oil, rose an average of 6.7% year on year to 40.314 million mt in July, led primarily by a surge in fuel oil.
US DATA: USGC ULSD stocks see largest regional week-on-week build Ultra low sulfur diesel stocks on the US Gulf Coast saw the largest regional week-on-week build during the week ended Aug. 14, rising 1.03 million barrels to 54.26 million barrels, Energy Information Administration data showed Aug. 19.
East/West HSFO swap flips into backwardation on strong demand in Singapore The spread between 380 CST FOB Singapore fuel oil cargoes and 3.5%S fuel oil FOB Rotterdam barge swaps, the East/West, has flipped into backwardation on increased demand for cargoes in Singapore while HSFO was tight in Europe.
Marine industry's transition to cleaner fuels is 15, 20-year project: PetroChina More vessels will run on LNG and methanol, and biofuels will be a contender, IBIA's Unni Einemo said.
Hong Kong halts port operations on tropical cyclone Higos: sources "There will be no [bunkering] operations until [the HK Observatory lowers to] signal no. 1," a supplier said.
INTERVIEW: Low prices, flexible supply key to cracking Philippines LNG market: First Gen First Gen is proceeding with its FSRU plans at a chlalenging time when energy companies have slashed capex.
Singapore Sep LSFO arbitrage inflow set to rise on stronger Asian prices: traders "September arbitrage volumes will probably go higher," a fuel oil trader in Singapore said.
"K" Line, Airseas get approval for "Seawing" as stricter shipping rules loom The Seawing system collects and analyzes meteorological and oceanic data in real time.
Singapore Sept ex-wharf marine fuel term indications increase as oversupply eases Some traders said they were also asking for September-loading MF 0.5%-S term price indications to be based on benchmark FOB Singapore Marine Fuel 0.5% cargo assessment.
VLSFO concerns remain in maritime industry's sights As fuel oil properties are fluctuating, quality and safety problems will continue to be a challenge, BIMCO said.
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