Avenir launches world's largest LNG bunkering vessel London-headquartered Avenir LNG Limited (NOTC:AVENIR) reports that the 20,000 cu.m Avenir Allegiance, the world's largest dual-purpose, LNG supply and bunkering vessel, has been launched at China's Zhoushan Changhong International Shipyard Co. Ltd.
Two FMC Commissioners urge Biden to speed maritime vaccinations Federal Maritime Commissioners (FMC) Carl W. Bentzel and Daniel B. Maffei have written President Biden urging that the U.S. maritime workforce be prioritized for vaccinations against COVID-19 and, in the interim, be
NTSB issues report on fishing vessel stranding and loss The National Transportation Safety Board has issued a Marine Accident Brief on a December 10, 2019, incident in which, at about 7.00 a.m., the fishing vessel Miss Annie was transiting out of
MOL says farewell to its oldest LNG carrier Japan's Mitsui OSK Lines Ltd. (MOL) has disposed of its oldest LNG carrier, the 1984-built Senshu Maru. The Equasis database shows the ship's status as broken up as of January 18, 2021.
IMO: Transition to low-sulfur fuels "extremely smooth" The International Maritime Organization (IMO) reports that the reduction in the upper limit of the sulfur content of ships' fuel oil to 0.5% (from 3.5%) that went into effect January 1, 2020,
USACE awards Manson $9.8 million Alaska dredging contract Manson Construction Company, Seattle, Wash., has been awarded a $9,847,000 firm-fixed-price contract for maintenance dredging in the Port of Alaska. Bids were solicited via the internet with two received. Work will be
Maersk Tankers warns of 'more frequent and advanced' sanctions evasion 'We need to strengthen our already robust processes and procedures,' says Maersk Tankers general counsel
Danaos lines up $300m bond issue Danaos said the refinancing is intended to provide a 'more flexible and simplified' financing structure, and to reduce the drain...
Shipping advised to fund projects with the right payback 'It really doesn't matter what you pay if you've got the right strategy, unless you're paying way too high,' says...
Asia-Europe ocean freight contract rates start 2021 with record rise Long-term Asia-Europe ocean freight contract rates are off to a flying start. Congestion is reducing already strained capacity
Sulphur cap introduction drew little dissent, says IMO There have been few reported cases of very low sulphur fuel oil being unavailable, the IMO says
Pandemic will not change global trade patterns Rising costs in China will see some manufacturing move to centres such as India and Vietnam. But the main east-west...
No big show for Zim IPO Container lines are doing better than they have done in a decade. But investors have been hurt before and won't...
The week in charts: Tanker doldrums and box shipping's extraordinary year A second wave of coronavirus has forced governments to implement renewed lockdown restrictions, driving down demand for transport fuels, while...
Cosco Shipping takes 20% stake in Jeddah terminal operator Cosco Shipping Ports Limited and Saudi Arabia's Public Investment Fund will each take a 20% equity stake in Jeddah's Red...
Scorpio continues fleet sell-off Eagle Bulk bought the 2017-built ultramax in a cash-and-shares deal. It is the US-based company's fourth bulker purchase from Scorpio
China's shipyard orderbook at 12-year low Cansi says support from the government and shipping community is vital for Chinese builders to survive the market trough. It...
Okeanis shares poised for debut on Oslo Bors Application by the Greece-based owner of 17 tankers to migrate from the Euronext Expand to the main board of the...
Terminal automation 'is a process of evolution, not revolution' Digitalisation is now accelerating automation, which needs to respond to higher customer expectations. Automation in various forms will be deployed...
The Lloyd's List Podcast: Can shipping move from digital laggard to leader? As part of a Lloyd's List special report on digitalisation in shipping we are looking at shipping's progress towards efficiency...
Maritime Markets Outlook: Why there won't be any 'toaster moment' for tankers In this month's edition: Tanker tonne-mile demand data | Why the tanker sector is so out of sync with freight...
Daily Briefing Free to read: Second Greek shipowner linked to Venezuelan oil cargo transfer off Malaysia | Economou buys out MatlinPatterson stake...
MOL posts higher profits amid stronger box and tanker markets MOL expressed optimism about the final quarter of the financial year and revised its forecasts for full-year profits to ¥60bn...
Keppel O&M restructures to exit rigs and focus on renewables The leading yard operating group will seek to diversify into next-generation energy projects including in the growing offshore wind, solar...
Hot box market turbocharges ONE's full-year forecast Vessel utilisation levels have also improved significantly on the transpacific and Asia-Europe trades, with the headhaul rates exceeding 100%
Hong Kong quarantine disrupts FedEx, Cathay Pacific crews and cargo Hong Kong has some of the most rigid COVID-19 health measures and travel restrictions in the world. New rules targeted at home-based crews are impacting...
Shipping's Wall Street saga: Rags to riches to rags to occasional riches ZIM just completed the first U.S. shipping IPO in over five years. Here's a look back at shipping's wild multidecade ride on Wall Street.
India's IOC Q3 crude throughput rises 2.1% on year to 17.86 mil mt State-owned refiner Indian Oil Corp. Ltd posted a 2.1% year-on-year rise in October-December crude throughput to 17.86 million mt, the company said Jan. 29, as runs at refineries increased to meet improvement in demand for fuel products after India's coronavirus lockdown ended Oct. 1.
Canadian rails see crude increasing on Keystone XL cancellation, DAPL uncertainty Canadian railway executives expect increased crude-by-rail shipments now that US President Joe Biden has essentially canceled the Keystone XL Pipeline project and as the much-litigated Dakota Access Pipeline could still be shuttered.
Phillips 66 reports weak fourth quarter on storm-hit USGC refining results Phillips 66's fourth quarter results were weighed down from the hurricane impact on its US Gulf Coast refineries as the company looks to reshape its refining footprint by increasing its renewables fuels position.
Argentina facing gas shortage without LNG terminal reopening: energy secretary Argentinian Energy Secretary Dario Martinez said Jan. 28 that he has called on a federal judge to authorize reopening of the country's only floating regasification terminal, warning that there will be natural gas shortages later this year without LNG imports.
Granholm fields questions on fossil fuel jobs in Senate confirmation hearing Energy secretary nominee Jennifer Granholm talked up the potential for creating millions of US jobs in clean energy and emissions-reducing technologies Jan. 27, as she faced stiff questioning from Republican senators concerned about a near-term hit to fossil fuel employment.
Petrobras CEO blames Brazil trucking woes on overcapacity, not diesel prices Brazil's oversupply of hauling capacity and bad roads are behind the troubles facing the country's independent truckers, not import-parity pricing at state-led oil company Petrobras, CEO Roberto Castello Branco said during a Jan. 28 webinar.
OIL FUTURES: Crude lacks direction as pandemic risks offset tightened supply outlooks Oil futures settled mixed Jan. 29 as near-term demand headwinds and a strengthened US dollar countered signs of tightened supply outlooks.
US' Occidental supplies first cargo of 'carbon-neutral crude' to India's Reliance **VLCC Sea Pearl delivers 2 mil barrels of US crude to Jamnagar **Oxy says this is first step towards net-zero oil **Various offsets were used to cover GHG emissions
S&P Global Platts Analytics cuts 2021 oil demand forecast, raises price outlook **Demand rebound tempered by renewed lockdowns **Q1 demand forecast cut by 700,000 b/d **Dated Brent seen hitting $59/b by mid-year
IMO 2020 regulation leads to 70% cut in global shipping sulfur oxide emissions One year on from the introduction of a global sulfur regulation for shipping fuels, there has been a 70% reduction in sulfur oxide emissions, according to the International Maritime Organization.
REFINERY NEWS: Lukoil lunches new lubes complex at Volgograd; to launch delayed coker at Norsi The new complex includes a de-asphalter and fractionation unit for the hydrocracker residue. Construction started in October 2018 and is part of Lukoil's plan to upgrade lubricants production.
Bangladesh to up HSFO imports in Feb on higher temperatures, no spot LNG **To import about 300,000 mt of HSFO in Feb **Warmer weather will spur air conditioning use **Jan HSFO imports higher than expected at 200,000 mt
Avenir launches world's largest LNG bunker ship **Capacity of 20,000 cu m **CMA CGM launches 15,000 TEU LNG-powered ship
Bunkerworld Index: Vaccine shortages, lower Chinese mobility weigh on crude, marine fuel **Singapore market seen lower as Lunar New Year nears **More vessels in Mediterranean signal firming demand **Diverging US sentiment on firming upstream, limited liquidity
JAPAN DATA: Dec oil products sales at 3.1 mil b/d, highest in 11 months Japan's oil products sales recovered to 3.1 million b/d in December, the highest in 11 months, preliminary data released Jan. 29 from the Ministry of Economy, Trade and Industry showed, led by a significant increase in kerosene sales for heating as the country experienced cold spells.
ARA fuel oil stocks up 6% on week to 1.454 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region, as measured by Insights Global, rose 6% to 1.454 million mt in the week to Jan. 27, following a 22% rise the previous week.
European fuel oil hi-lo spread reaches nine-month high The European hi-lo paper spread hit a nine-month high Jan. 28 as a pull in demand eastward supports an already tight low sulfur fuel oil market in Europe.
Embrace wind propulsion early to speed shipping's decarbonization drive: sources **Rotor sails likely to reduce fuel costs, emissions by up to 20% **Industry collaboration, early start with shipyards crucial for success
REFINERY NEWS: Germany's Heide to reduce staff, well positioned to develop green hydrogen Germany's Heide refinery will reduce its staff by 106 positions following "intensive and constructive negotiations" since the end of October, the refinery said Jan. 28.
REFINERY NEWS: S Korea's S-Oil has no plans of CDU maintenance this year South Korea's third-biggest refiner S-Oil Corp. has no plans of CDU maintenance this year, a company official said Jan. 29, indicating the company will keep its crude run rate higher to meet potential rebound in demand of oil products.
TENDER DATA: India's BPCL seeks HSFO cargoes for Kochi, Ennore for Feb The company is typically a seller of fuel oil, but the refiner needs to buy high sulfur fuel oil cargoes this time to meet customers' requirement as it has switched to light sweet crude oil, a company source said.
SINGAPORE DATA: Residue stocks at 1-month low as imports fall, exports surge **Commercial onshore residue stocks fall 5.5% on week **Fuel oil imports fall 30% on week, exports surge 86%
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