KNOT Offshore Partners adds to fleet KNOT Offshore Partners LP (NYSE:KNOP) recently reported that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has agreed to acquire KNOT Shuttle Tankers 34 AS, the company that owns the shuttle tanker,
Eagle Bulk signs on to Sea Cargo Charter One of the world's largest owner-operators within the Supramax / Ultramax dry bulk segment, Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NASDAQ: EGLE), has become a signatory to the Sea Cargo Charter.
Wärtsilä WebVTS enhances safety at North Sea offshore installations Wärtsilä Voyage reports that it has successfully completed its first commercial installation of its Wärtsilä Navi-Harbour WebVTS 5.0 software application. The system was ordered by Netherlands-based Wintershall Noordzee B.V. to provide greater
Congress approves $390 million for Texas A&M NSMV The massive spending measure just approved by Congress includes $390 million to fund construction of a fourth National Security Multi-Mission Vessel (NSMV), which will be assigned to the Texas A&M Maritime Academy
Chouest to fit PSV with battery system Edison Chouest Offshore (ECO) has executed a long-term contract with a major oil and gas company in the U.S. Gulf of Mexico to install a battery-on-board (BoB) system aboard an ECO 312
Halter Marine teams with Gibbs & Cox on LUSV Pascagoula, Miss., shipbuilder Halter Marine is teaming with Gibbs & Cox Inc., on a U.S. Navy contract to perform design studies for the development of the Large Unmanned Surface Vessel (LUSV). The
WRDA clears the Congress A piece of legislation crucial to the inland waterways industry looks set for passage. The Water Resources Development Act of 2020 (WRDA) has been included as part of the year-end omnibus and
Bureau Veritas-led 3D printing project among recipients of Singapore funding This project is one of six 3D printing-specific projects to be awarded co-funding by the Maritime and Port Authority of...
Weekly briefing: Container chaos continues; bulkers left stranded The pre-Christmas surge in demand for containerised goods has resulted in heavy congestion at key import hubs and sent freight rates...
Maersk urged to rethink Dutch crew lay-offs Boxship giant 'hopes to find fair solution' according to spokesperson
Capesize market moves out of depression Capesize rates have surged 50% since December 9 when it hit a six-month depressive low. The counter-seasonal strength is expected...
France agrees limited reopening of border with UK France will reportedly lift its travel ban but only for French nationals, residents and professionals such as truck drivers -...
BW LPG becomes major stakeholder in Avance Gas The BW very large gas carrier firm should now be the second-largest shareholder in the fellow VLGC company behind John...
Boxships face 7% rise in International Group GXL rates Price hikes necessitated by hardening in wider reinsurance market, which has seen higher outlay for purchase of collective overspill layer...
From the News Desk: What's in store for shipping in 2021? Time will tell what lessons shipping has learnt from the pandemic-led disruption of this year, but 2021 will bring issues...
Seafarer abandonment cases at record high This year, 76 cases have been recorded, involving more than 1,000 seafarers, data shows. The greatest number of abandonment cases...
Daily Briefing Free to read: MSC urges solution to crew-change problem off China | IMO condemns 'no crew change' clauses in charterparties...
South Korean builders rack up LNG carrier orders KSOE is doing relatively better as the year closes out, meeting 85% of its order target for 2020. The brighter...
Ageing dredger sinks off Vietnam A storm is on its way to the area around where the dredger went down. MRCC Singapore is co-ordinating rescue...
Sri Lanka eases crew-change ban Crew disembarking and signing on will be sent directly to the offshore transit hub wherein PCR tests would be done...
Matson renews Hawaii fleet with new vessel from Nassco yard Nassco president Dave Carver expressed pride in the work his company has done on the two vessels, saying 'we've reached...
Shipping IPO prospects slim as capital-market access plunges Chances slim for 2021 shipping equity offerings, but a container-liner IPO prospect remains on the table.
Xwing delivers vaccine relief to Navajo Nation Xwing, not X-Men. When you need to pay the bills, you do what Xwing did: Skip the fancy technology and put a pilot in the...
Port expansion included in giant federal spending package A Water Resources Development Act bill passed by Congress allows millions to be spent on harbor maintenance.
FEATURE: Saudi crude keeps flowing to Red Sea as East-West Pipeline repairs continue Saudi Arabia's Red Sea crude terminals have taken on critical importance since tensions with Iran have threatened the key Gulf shipping lane through the Strait of Hormuz over the past few years.
Ukraine appoints ex-Naftogaz official Vitrenko as acting energy minister The Ukrainian government at a special meeting on Dec. 21 appointed Yuriy Vitrenko, formerly a senior official at state-owned Naftogaz Ukrayiny, as acting energy minister, in a move that could put him at odds with former ally, Naftogaz CEO Andriy Kobolev.
Singapore 10/500 ppm gasoil spread hits 3-month high on poor demand for medium sulfur grade The price spread between ultra-low sulfur diesel and 500 ppm sulfur gasoil loading from the main Asian trading hub of Singapore widened to a more than three-month high amid diverging fundamentals between the two grades, with demand for the medium sulfur grade declining.
OIL FUTURES: Crude slides more than 2% amid pandemic-fueled demand concerns Crude futures settled lower Dec. 21 as the spread of a new COVID-19 strain in the UK prompted more lockdowns, pressuring demand outlooks.
H2 Dec-loading jet fuel heads to Asia on positive sentiment, rising demand The volume of jet fuel headed to Asia have seen a fourfold increase for second-half December loadings from the Middle East and India, compared with first-half December, underscoring the pick-up in the Asian aviation sector, industry sources said.
Cheniere receives LNG cargo cancellation for February from Italy's Enel: sources Italian utility Enel cancelled an LNG cargo for February delivery from Cheniere Energy, which operates two liquefaction terminals and is the biggest exporter in the US, market sources said Dec. 21.
OIL FUTURES: Crude extends losses as new COVID-19 strain takes hold 0530 GMT: Crude oil futures were lower during afternoon trade in Asia Dec. 22 as a new variant of COVID-19 called B.1.1.7 continued to run amok in the UK and other countries, ushering in lockdowns and restrictions.
Gulf Coast diesel slips to two-month low, offline market follows The Gulf Coast diesel market fell to a two-month low on Dec. 21, falling for the fifth consecutive day.
USGC middle distillate shipments to Europe stall at 280,000 mt amid strong HOGO Middle distillate shipments from the US Gulf Coast to Europe in December were unchanged at 280,000 mt Dec. 22, with the arbitrage route heard closed due to a strong HOGO spread.
Prices fall as Brazil sells 1.18 bil liters of biodiesel at latest auction: ANP Brazil boosted the volume of biodiesel available at the country's 77th supply auction and reduced prices, offsetting concerns about tight supplies and potential adjustments to the biodiesel-diesel mandate to start 2021, according to results of the sale published Dec. 21 by the National Petroleum Agency, or ANP.
FEATURE: Resilient LPG and naphtha to find continued support in 2021 European naphtha and LPG markets look set to remain relatively resilient into 2021 as cracking and heating demand continue to provide support, in contrast with much of the rest of the oil complex which has suffered through the coronavirus pandemic.
OIL FUTURES: Price declines extend as Europe locks down in face of new COVID-19 strain Oil price declines extended in midday US trading Dec. 22 as new pandemic-related travel restrictions in Europe pressured demand outlooks.
OIL FUTURES: Price slide extends as European lockdowns weigh on oil demand outlooks Oil futures settled lower Dec. 22 amid pandemic-dimmed demand outlooks prompted by the spread of more lockdowns across Europe.
RUSSIA DATA: November fuel oil exports up 4.3% on year to 2.97 mil mt Russian fuel oil exports increased by 4.3% on the year to 2.97 million mt in November, according to data released Dec. 22 by the Central Dispatching Unit, the statistical arm of the energy ministry.
Rotterdam to bunker first LNG cruise liner Rotterdam will conduct an LNG bunkering operation on the brand-new LNG-fueled Cruise Liner, the Mardi Gras, owned by Carnival Cruises Lines, the port said Dec. 22.
ConocoPhillips makes 'significant' oil find near Norway's Heidrun field **Slagugle find holds up to 200,000 boe of recoverable oil **Dicovery near Norway's existing Heidrun oil field **Future appraisal drilling planned
Norway supreme court rejects Greenpeace challenge to Arctic Sea oil expansion **Court upholds 23rd licensing round focused on Barents Sea **Equinor planning further Barents Sea push despite setbacks **License round included drilling near Russia sea border
UK fuel demand set to slump over new travel curbs from COVID-19 variant **London traffic slumps to lowest since early June **Move to slash European air travel demand **Jet fuel demand facing new 'downside risk'
Norway's Equinor approves Statfjord late-life enhanced oil recovery project **Part of plan to extend Statfjord production to 2040 **Tax breaks encouraging small projects **Equinor revamping Statfjord/Snorre infrastructure
Iran's Zanganeh calls for closer ties with Russia against US sanctions, backs OPEC+ **Two countries' views on OPEC+ 'close to each other' **Praises Russia for helping to stabilize oil markets **Met with Novak, Shulginov on visit to Russia
TENDER DATA: Sri Lanka's Ceypetco seeks 180 CST fuel oil for Jan 16-17 Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation.
Indian gasoline suppliers take advantage of Australia's limitation in producing own fuel **India's October gasoline exports to Australia spike 93% on month **Q4 driving activity picks up in Australia after lockdowns **Jet fuel demand remains weak as tourism sector struggles
S Korea's Hanwha to issue shares early 2021 to fund solar/hydrogen projects South Korea's Hanwha Solutions Corp. plans to issue 31.41 million shares over February to March 2021, to raise funds for investments in solar and hydrogen projects, the company said Dec. 21.
Posco, Fortescue to collaborate on green hydrogen South Korean steelmaker Posco and Australia's Fortescue Metals Group are set to collaborate on green hydrogen in a partnership that could see Posco importing both iron ore and renewable hydrogen from the latter.
FEATURE: ADNOC's 2030 capacity rise seen feasible with exploration, unconventional play **Targets to hit 5 mil b/d by 2030 vs. 4 mil b/d now **ADNOC awarding exploration concessions in two rounds **Unconventional resources discovery helps capacity boost
REFINERY NEWS: China's Sinopec Tianjin plans to raise Dec gasoil exports to 120,000 mt China's state-owned Sinopec plans to export 120,000 mt of gasoil in December from its 276,000 b/d refinery in northern Tianjin municipality, a source with knowledge of the matter said on Dec. 22.
REFINERY NEWS ROUNDUP: Fujairah to get fourth refinery in 2021 Fujairah's fourth refinery should come online in 2021 as Brooge Energy expects its 25,000 b/d refinery producing low sulfur fuel oil to be launched in the second half of the year.
Pertamina to lower Jan gasoline imports to 8 mil-9 mil barrels: sources Indonesia's state-owned Pertamina is expected to reduce gasoline import volumes slightly in the first month of the new year, as demand-related pressures arising from the ongoing COVID-19 pandemic as well as the restart of domestic refineries reduce the country's appetite for motor fuel.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
