Yangzijiang secures 24,000 teu newbuilds linked to MSC and Bocomm Chinese builder says the pair represents the largest in its boxship portfolio and is 'a significant step-up' from the current...
BW beefs up board representation at Navigator as deal closes Navigator Holdings also announced that service has begun from a new 30,000-tonne refrigerated ethylene storage tank at its ethylene export...
SBM, MISC win FPSO lease extension from Shell Shell has penned agreements for another five years' of lease for the floating production, storage and offloading vessel with two...
Sea mine damages cargoship in Red Sea, Saudis claim Saudi Arabia claimed that a sea mine blast had damaged a cargoship in the southern Red Sea on Christmas Day...
Eagle Bulk picks up third ultramax from Scorpio The price tag for the latest purchase was slightly higher than previous deals
Argentina grains port strike leaves 23 bulkers stuck While 23 bulk carriers are in a 'stopped' status, seven were at or headed to port in the main grains...
LA/Long Beach anchorages full as cargo surge clogs Californian supply chains Lloyd's List Intelligence data shows that most of the world's top container lines are caught up in the ship delays...
K Line expects earnings boost Japan's Kawasaki Kisen Kaisha says it expects higher third-quarter profits amid higher-than-expected earnings at joint venture container line Ocean Network...
Unrestricted shipping access written into Brexit free trade deal Chamber of Shipping hails comprehensive agreement as 'good for shipping' but urges pragmatism in roll-out
Second Awilco Drilling semi-sub rig contract falls through The contracts for both rigs with Awilco Drilling are worth $950m, of which only the first instalments of under $100m...
Men charged over Nave Andromeda stowaway incident The two accused, aged 25 and 22, are to appear at Southampton Crown Court on January 29
China approves HHI-DSME merger plan The Chinese competition authority has joined its peers in Singapore and Kazakhstan to approve the takeover plan, which will create...
Trans-Pacific shipping rates just popped to new all-time high Asia-U.S. container rates had held firm at a record high since September. Now they're on the move again - and headed even higher.
Volga-Dnepr returns first An-124 from safety suspension Volga-Dnepr is bringing back one of its An-124 jumbo freighters after an accident forced the company to temporarily ground the fleet for safety checks.
Mexico issues controversial fuel import rules Mexico's new fuel import regulations are seen by critics as an attempt to boost state oil firm Pemex.
Container lines question claims of unreasonable rates, poor service The World Shipping Council responds to assertions from FMC commissioners of potential Shipping Act violations.
TSA to propose scan-all alternative for air cargo security Freight forwarders are vying against all-cargo airlines and online merchants over whether export cargo should be screened or get a green light to the aircraft...
Top stories of 2020: Inside ocean shipping's wild ride A look back at 2020's shipping roller coaster: how container sector emerged as 'surprise rock star' and tankers peaked early, then plunged.
OIL FUTURES: Crude prices climb amid stimulus hopes, weaker US dollar Crude futures settled higher Dec. 29 as the market eyed the potential for an expanded US stimulus package and a weaker dollar.
FEATURE: Container shippers hoping for rate relief in Q1 2021 may have to wait Shippers hoping for a break from escalating container rates in the new year may need to endure several more weeks of challenging market conditions before an increase in box supply in Asia balances with demand for available capacity.
REFINERY NEWS ROUNDUP: Mixed picture of run rates in Asia-Pacific Throughput at refineries in the Asia-Pacific region continues to vary as demand in some countries picks up but lags elsewhere.
Platts launches Houston-Morocco VLGC implied freight rate for LPG S&P Global Platts has begun publishing a calculated Houston-Morocco VLGC freight rate for LPG, derived from an existing Houston-Northwest Europe VLGC spot freight assessment, from Nov. 11, 2020.
S KOREA DATA: Nov oil product exports fall to lowest in more than 6 years South Korea's refined oil product exports in November fell to the lowest monthly volume in over six years as jet fuel shipments continued to tumble due to tepid regional air passenger traffic in the wake of the prolonged coronavirus pandemic, data released by Korea National Oil Corp showed on Dec. 28.
JAPAN DATA: Nov kerosene imports, domestic sales surge as winter temperature plunges Japan's oil product imports in November rose 17.1% from a year earlier and up 20.4% from the previous month to 684,052 b/d, as domestic demand for heating fuel continued to rise amid colder-than-average winter temperature this year, latest data from the Ministry of Economy, Trade and Industry showed.
Singapore Feb-Mar jet fuel/kerosene spread at 11-month high on winter demand, aviation recovery The Singapore jet fuel/kerosene February-March swap spread soared to an eleven-month high on Dec. 28 as domestic demand for heating fuel in North Asia continued to rise amid a colder-than-average winter, coupled with pockets of demand in the aviation sector.
EMEA middle distillates: Key market indicators this week European distillates markets continue to be driven by supply-side fundamentals, as cracks rise to five-month highs.
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