Texas port in carbon storage MoU The Port of Corpus Christi Authority and the Texas General Land Office (GLO) have signed a Memorandum of Understanding (MoU) stating their intention to co-develop a carbon dioxide (CO2) storage solution in
ZIM to charter in 5 more LNG-fueled box ship newbuilds Haifa, Israel, headquartered ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), reports that it has exercised its option to long-term charter an additional five 7,000 TEU liquefied natural gas (LNG) dual-fuel container vessels
Carrying boxes on bulkers? Not as simple as it sounds With soaring container shipping demand, there are reports that exporters are chartering bulk carriers to carry containers. That may not be quite such a simple solution as it sounds. The U.K. P&I
Crowley and Shell to build and charter Jones Act LNG bunker barge Crowley Maritime Corporation has signed a long-term time charter with Shell NA LNG, LLC, ("Shell") providing for the building and operation of a new U.S.-built, LNG bunker barge. With a capacity of
Waterways industry faces prolonged disruption from Ida While the good news coming out of New Orleans this morning was that electricity has been restored to limited areas of the city, overflight photos and media reports from the areas hit
Shipping's environmental impact in the spotlight A new report from the European Union shows that shipping has been responsible for the introduction of half of all...
Henderson takes non-executive role at Thomas Miller Industry veteran is former head of shipping at Shell and past president of the Chamber of Shipping
Denmark to vaccinate seafarers in its ports Seafarers of any nationality arriving in Denmark can now be vaccinated against Covid-19 for a fee, Danish Shipping says, as...
P&I clubs should be open to major consolidation 'Controversial point number one; do I still believe the industry would benefit from consolidation? Yes, and I've been pretty constant...
Owners explore feasibility of carrying containers on capes Rumours of a fixture on a Star Bulk capesize vessel have been circulating in the market but this had been...
Capital Product Partners agrees $600m deal for LNG carrier trio Public partnership to buy three of nine LNG carriers controlled by Evangelos Marinakis-led Capital Maritime group and could double down...
Zim takes up options on Seaspan LNG boxship order Zim signed up for long-term charters on LNG-fuelled newbuildings ordered by Seaspan. It has now taken options for an additional...
Wind sail maker signs production deal with French port French company Ayro has agreed to build a factory to make its Oceanwings wind propulsion system at Caen, Normandy. The...
Ocean Technologies adds crew management software leader Customers are demanding single sign-on digital solutions that can both drive greater efficiency while getting the best from human resourcing...
Cosco box shipping margin surges on robust transpacific trade When it comes to the adoption of alternative fuels, Cosco Shipping appears more conservative compared with its European rivals
Biden's political landscape carries a sense of déjà vu In the run-up to the 2022 elections for Congress, many of Mr Biden's policies are - and will be -...
Hurricane Ida impact disrupts US tanker movements A number of ports, from New Orleans, Mobile, Baton Rouge, Pascagoula to Mississippi, remain closed until further notice
Secondhand tonnage sales near record levels Boxship owners are cashing in on high asset values. High charter costs are leading carriers to buy rather than charter...
Corpus Christi goes blue, not green Port authority signs a non-binding agreement with an energy producer to convert its facility to 'carbon-neutral' production
Sanctions under Biden: still inconsistent, still ambiguous, still in place Two and a half years after the US imposed sanctions on Iran and Venezuela's oil and shipping sectors, implementation remains...
Crew vaccinations increase as prolonged sea service persists New data from 10 shipmanagers that are responsible for over 90,000 seafarers show that almost 9% of their crew are...
Report: Amazon Air puts 70% of US population within next-day reach Amazon Air's rate of growth is amazing. It will soon have 80 aircraft moving e-commerce shipments for business and residential customers.
Intermodal Summit: Port of Virginia gears up for even bigger ships Virginia's competitive advantages: a naturally deep harbor, semi-automated terminals and its own, newer chassis pool.
Q&A: Standardizing supply chain data exchange for ocean transport Digitization can alleviate supply chain glitches, but it depends on systems that talk the same language.
Russia seeks greater energy cooperation with Asia amid crude demand uncertainty Russian and Asian investors are meeting in Vladivostok this week, amid uncertainty over crude demand levels after the spread of the Delta variant of the coronavirus combined with recent adverse weather conditions to hit differentials for Russian crude shipped via the Far East.
Air cargo demand remains firm on strong economic growth in July: IATA Global air freight markets posted another month of strong growth in July, bolstered by a strong economic growth trend, the International Air Transport Association said in a report released late Aug. 31.
Iraq gears up for higher Basrah Medium sales with revamp at Basrah terminal: SOMO Iraq expects exports of Basrah Medium to rise over the remainder of this year, with operations at the Basrah terminal being reconfigured to dedicate more capacity to the recently created crude grade, the State Oil Marketing Organization's deputy director general, Ali al-Shatari, said Sept. 1.
US Gulf Coast oil production, refining operations curtailed following Ida Roughly 75% of Louisiana refining capacity and 94% of offshore US Gulf of Mexico oil production remained offline Aug. 31 as a result of Hurricane Ida. Now a tropical depression, Ida caused widespread power outages after making landfall Aug. 29 as a Category 4 storm.
OIL FUTURES: Crude lacks direction amid US crude draw, rising OPEC+ output Crude futures settled mixed Sept. 1 as the market weighed a larger-than-expected US crude draw against rising OPEC+ output.
US crude stock draws extended on exports, pre-hurricane Gulf Coast refinery demand US crude oil inventory draws extended in the week ended Aug. 27, Energy Information Administration data showed Sept. 1, amid rising exports and strengthened US Gulf Coast refinery demand ahead of the impact of Hurricane Ida.
US crude exports climb on week, freight rates higher post Ida US crude exports increased to over 3 million b/d for the week-ended Aug. 27, according to the US Energy Information Administration Sept. 1.
US Gulf Coast oil producers, refiners restarting operations following Ida Offshore Gulf of Mexico oil and gas producers, and onshore Louisiana refiners, were in the process of returning operations Sept. 1 following the passing of Hurricane Ida.
REFINERY NEWS: Greece's MOH increases Corinth processing in H1 2021 In the first half of this year, the refinery benefited form a "continuous" operation and increased sales by almost 12% to 6.451 million mt.
OIL FUTURES: Oil holds lower as rising supply outlooks overshadow US crude stock draw **US crude stocks fall 7.17 million barrels: EIA **OPEC+ expected to raise September production
OPEC+ affirms plans to hike October crude oil production by 400,000 b/d: delegates **Producer alliance counting on robust oil demand **Russia's Novak hopes for full market recovery in 2022
JAPAN DATA: Oil product exports rebound 48% on week to 3.54 mil barrels LSFO imports came in at 28,393 barrels in the week over Aug. 22-28 after none were recorded in the previous week.
Global oil demand to shrink 45% by 2050 under post-COVID energy transition: DNV **Chinese oil demand could peak by 2026 **Growing pessimism over oil demand outlook
USGC HSFO-3.5% Rotterdam swap spread drops in wake of Ida's destruction **Situation in New Orleans area may be cause: source **2.2 million b/d of Louisiana refining capacity offline Aug. 31
Singapore fuel oil MOC trades fall 17% in Aug on weak 180 CST HSFO, marine fuel 0.5% sales The FOB Singapore 380 CST HSFO grade recorded the sole increase in trades, with volumes rising 8.33% on the month to 260,000 mt, due to strong demand from Saudi Arabia.
FUJAIRAH DATA: Oil product stocks fall to pre-pandemic level for first time **Fujairah-delivered HSFO prices highest since Sept. 2019 **Oman's Sohar Port and Freezone is latest bunkering entrant
Fujairah Sept ex-wharf low sulfur marine fuel premium capped on ample availability There is no foreseeable shortage of low sulfur bunker fuel in September, while demand to load ex-wharf has also been consistent with that seen for August, a Fujairah-based trader said.
Singapore 380 CST HSFO swap crack hits 7-month high on bullish power, bunker demand "Both Kuwait and Saudi Arabia stepped up purchases of 380 CST HSFO, purchasing additional spot cargoes from the Middle East and Singapore for delivery in September," a Singapore-based trader said.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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