Kawasaki to build LPG/LAG tanker In an all in the family deal, Japanese shipbuilder Kawasaki Heavy Industries Ltd. has booked an order from Kawasaki Kisen Kaisha Ltd. (K-Line) for a new 86,700-cubic-meter liquefied petroleum gas (LPG) and
Can an AI "personal trainer" help boost vessel efficiency? A new company based on a spin-off from Volvo Penta aims to help commercial marine vessels minimize emissions and maximize efficiency. Called Cetasol, the company is a start-up formed by Volvo Penta
Gulf Coast Fuel Supply partners with Fueltrax Gulf Coast Fuel Supply, an offshore fuel supplier specializing in MGO and VLSFO deliveries at the Galveston, Sabine, S.W. Pass, and Corpus Christi lightering area in Texas, has partnered with Fueltrax to
Saab unveils next generation fast assault craft Saab is to demonstrate a new generation of its Combat Boat 90 (CB90) at the upcoming DSEI exhibition, being held in London, September 14-17. This will be the first time the new
LNG is not the only transition option Isle of Man is working with BW LPG in retrofitting 15 vessels to run on LPG. The VLGC BW Gemini...
Methanol has its limitations for shipping Industry groups have praised Maersk for ordering eight ships capable of running on carbon-neutral liquid methanol. But classification society DNV...
No easing in sight for long-term freight rates After rising by more than a quarter in July, the growth of Xeneta's long-term index eased back in August. But...
Everfuel to supply green hydrogen to developer of fuel cells for ships Everfuel will provide green hydrogen to power TECO 2030's fuel cells and fuel cell-based power generators. The deal will also target...
Hamburg port volumes start to recover Hamburg is struggling to regain volumes lost in the pandemic. The Elbe dredging project and some stabilisation in liner calls...
Singapore and Queensland to vaccinate non-resident seafarers Both Singapore and an Australian state government have announced plans to vaccinate non-resident crews to help reduce coronavirus transmission
Tanker depression pushes owners to idle vessels Lloyd's List Intelligence data shows that at least 39 unladen VLCCs are at anchor off the southeastern coast of Malaysia...
Hapag-Lloyd adds to equipment order The slowdown in the global supply chain has created a shortage of container equipment. Delays mean a fifth of Hapag-Lloyd's...
Daily Briefing Second-hand bulker prices almost double in 2021 | Nigerian refinery to have major impact on tanker market | US ports...
US ports to reopen after assessing hurricane impact New Orleans port authority is coordinating with navigation partners and state officials to resume operations as quickly as possible. All...
Biden appoints envoy to tackle US port congestion Announcement came as the Marine Exchange of Southern California reported a record number of containerships at anchor or drifting and...
Secondhand bulker prices almost double in 2021 The Baltic sales and purchase assessments show secondhand prices for a five-year-old capesize vessels have surged 38.1% year on year...
Shipping lines come out swinging in high-profile profiteering case Cosco and MSC fight back against accusations that they inflated rates, violated contracts and broke U.S. law.
Amazon Air bumps cargo handler from Newark airport Alliance Ground International found new digs outside Newark airport after officials gave the warehouse lease to Amazon.
Pandemic taught passenger airlines lesson about the value of freight Willie Walsh is the blunt leader of the International Air Transport Association. He admits that airlines mistakenly treated cargo business as an afterthought.
Nigeria's oil industry at risk as security threats increase A new wave of security threats in Nigeria poses a major challenge to Africa's largest oil producer and a key supplier of light sweet crude grades to Europe, industry officials and analysts have warned.
Tropical Storm Ida cuts US Gulf Coast oil production, refining operations Roughly 75% of Louisiana refining capacity and nearly 95% of offshore US Gulf of Mexico oil production remained offline Aug. 30 as a result of Tropical Storm Ida, which caused widespread power outages after making landfall as a major Category 4 hurricane the prior day.
US STB rejects voting trust for Canadian National acquisition of Kansas City Southern, possibly killing deal US regulators Aug. 31 rejected a critical voting trust for Canadian National's pending $30 billion acquisition of Kansas City Southern, potentially killing a massive rail deal that would have created the only end-to-end rail network from the Canadian oil sands into Mexico.
Japan's ENEOS likely to raise weekly wholesale oil product prices by Yen 3,000/kl: sources ENEOS, Japan's largest refiner, is expected to raise its domestic wholesale base prices for five major oil products by Yen 3,000/kiloliter ($4.34/b) week on week in response to the stronger crude oil market, sources said Aug. 31.
SOUTH KOREA DATA: July crude imports fall 9.7% on year to 78.03 million barrels South Korea's crude imports fell in July as local refiners aimed to limit middle distillate output during the semi-lockdown phase, while high crude inventory may also encourage the companies to minimize feedstock purchases in the near term, Seoul-based industry sources and market analysts told S&P Global Platts.
Ida's track spares US Gulf Coast LNG facilities mindful of Laura's 2020 disruptions A year after Hurricane Laura shut down US liquefaction facilities in southwest Louisiana, knocking out power to Sempra's Cameron LNG for more than a month, the terminals were able to keep operating through a similar intensity Ida.
Gulf Coast refined products jump following Hurricane Ida; Atlantic Coast markets follow Refined product markets on the US Gulf Coast jumped to begin the week, following Hurricane Ida which made landfall on the Louisiana coast on Aug. 29.
OIL FUTURES: NYMEX RBOB leads complex lower as Colonial Pipeline returns Crude and refined products futures edged lower Aug. 31 as Louisiana offshore and onshore recovery efforts were underway following the passing of Hurricane Ida, and ahead of an OPEC+ meeting set to start Sept. 1.
Brazil's Enauta slashes Atlanta production outlook by 14.3% for 2021 Brazilian independent oil and natural gas producer Enauta slashed its production forecast for the offshore Atlanta Field by 14.3% for 2021 amid ongoing issues with oil pumps and heaters installed on the seabed, despite plans to restart output from three production wells in August, the company said Aug. 12.
Sinopec aims Yuan 30 billion investment through 2025 to boost hydrogen strategy **Plans to invest $4.6 billion in hydrogen through 2021-2025 **To install 4 GW of wind, solar power capacity
Australia's Q1 2021 GHG emissions down 3.2% to record low **Pandemic, CCS, low production reasons for fall **Emissions from land and agriculture up
OIL FUTURES: Crude dips ahead of OPEC+ meeting, mulls hurricane impact "So far, the prospect of reduced crude oil demand from US refineries in the wake of Hurricane Ida and the expansion of OPEC+ oil production is not weighing on prices," Carsten Fritsch, energy analyst at Commerzbank, said.
SOUTH KOREA DATA: July gasoil exports rise 10% on month **Change in refinery slate raises gasoil exports **Jan-July exports still lower on year
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key weekly market indicators Across EMEA ports, demand for high sulfur fuel oil had picked up, but there was low availability at Rotterdam and in the Mediterranean, causing a slight increase in prices for high sulfur bunker fuel at these ports.
Bunker One secures renewable marine diesel supply contract in Danish Straits **Bunker One looks to increase biofuel supply in Danish Straits **HVO almost fourfold more expensive than VLSFO
REFINERY NEWS: New Zealand's Refining NZ reaches conversion deal with customers ExxonMobil is one of three wholesalers that take cargoes from Marsden Point, along with BP and New Zealand's Z Energy.
Hong Kong Sep ex-wharf bunker premiums rise on high Singapore cargo values, freight **Premiums conclude at $25-$27/mt for Sep ex-wharf bunker **Singapore marine fuel 0.5%S cargo value gains on lower inflow
Japan-delivered Marine Fuel 0.5% bunker premium over cargo narrows to 4-month low "Demand is not as high as levels we saw in June. There's enough supplies at Tokyo Bay," said a trader.
Hurricane Ida roils global shipping markets: sources Schedules for cargoes loading in LNG tankers, clean tankers and dry bulk carriers have been delayed.
South Korea's Sept marine fuel 0.5% output to fall amid minor refinery turnarounds Hyundai Oilbank is due to commence a 2-week turnaround of one module of its residue desulfurization unit at Daesan refinery in September.
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