16 plead guilty In Coast Guard test score-fixing scam The U.S. Attorney's Office for the Eastern District of Louisiana reports that 16 defendants have pleaded guilty in relation to a test score-fixing scheme at a United States Coast Guard exam center
TAI develops diesel electric hybrid Jones Act SOV design New Orleans headquartered Technology Associates, Inc. (TAI), has added a diesel-electric hybrid offshore wind farm Service Operation Vessel (SOV) design to its EnviroMax vessel series. The TAI EnviroMax vessels have been designed
VIDEO: Crowley to deploy ice class ATB on new Alaska contract Under a new U.S. Defense Logistics Agency-Energy contract, beginning in 2021, Crowley Maritime Corporation will deploy a new, purpose-built, 55,000-barrel-capacity (2.3 million gallon) articulated tug barge (ATB) to deliver military specification fuel
Ocean carrier veteran joins Port NOLA leadership team Todd Rives has joined the Port of New Orleans (Port NOLA) as Vice President and Chief Commercial Officer. Rives comes to Port NOLA with 15 years experience at ocean carrier CMA CGM,
Southern Towing Company acquires Devall Towing Memphis, Tenn., headquartered Southern Towing Company (STC) reports that it has acquired Sulphur, La., headquartered Devall Towing from the Devall family. Founded in 1952, Devall is a towboat and barge operator for
Shipowners make their play to define EU emissions rules European shipowners have decided it is better to engage and attempt to define the EU's upcoming emissions regulation measures rather...
Volumes on Myanmar-China crude pipeline fall 12% The crude pipeline to China from the Myanmar port opened nearly four years ago, and stretches 1,500 km. The subcontinental...
Owners 'going ballistic' in hardest P&I renewal round for years, warns Aon No big-name fleets known to have switched clubs so far, but talks likely to go to the wire and some...
Star Bulk agrees to buy seven bulkers from Scorpio The company expects to realistically sell its remaining bulkers by the end of this month, says chairman on call with...
US exporters hit by container equipment shortage Carriers are focussing on returning empties to Asian export hubs. Equipment stocks that had built up at the start of...
Rising tide lifts containership earnings Boxship owners were shunned when the pandemic first hit the market. Now they are benefitting from high levels of demand...
Risk to shipping will increase if hardliner takes Iranian presidency Iran may seize more ships for political ends if hardliners win its presidency in May, a webinar was warned. The...
Wikborg Rein hires admiralty manager from Ince Move comes after Norway-headquartered law firm poached three Ince staff for its London office in 2018
Trafigura suspends terminal operations in Myanmar Trafigura said it is monitoring the situation closely after the military took control of the country. The company says its...
Collaboration needed as digitech matures, says Navtor Vessel performance optimisation is coming of age. It is required of all shipping companies through the EU's monitoring, reporting and...
Letter to the Editor: No competition concerns over boxship safety collaboration Container lines have previously cited anti-competition laws as preventing them from sharing information on bad actors in the supply chain...
Costamare seals multi-year charter deals as boxship rates rise The chartering arrangements, which include several significant deals for panamaxes, will 'substantially enhance' both contracted revenues and charter coverage, said...
India to double ship recycling capacity by 2024 The intention to bring more end-of-life ships from Europe and Japan for recycling in India is laudable, but additional steps...
Daily Briefing Free to read: Rise in transpacific contract rates could be long-lasting | Optimism grows for recovery in dry bulk segment...
Excessive detention and demurrage charges 'threaten' US intermodal carriers The HTA says one of its top priorities is 'working with US regulators and industry leaders to modernise the Shipping...
Alibaba won't interrupt Hong Kong package delivery for Chinese New Year Call Cainiao the Amazon Logistics of China. When most of China normally takes a break for the Lunar New Year, Cainiao will still be delivering...
News alert: Pete Buttigieg confirmed as DOT secretary Pete Buttigieg wants to push through an infrastructure package that links highway funding to electric vehicles and climate policy.
Team Worldwide's new president tasked with guiding growth With the focus on technology, service and operations, Team Worldwide has appointed Randy Sinker as president of the company.
Importers face massive hike in ocean contract costs Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
TENDER DATA: Mauritius' STC awards Feb 2021-Jan 2022 HSFO, LSFO tender STC's previous annual fuel oil tender was awarded to PetroChina, market sources reported earlier, although pricing details were not available.
BRAZIL DATA: Crude oil, refined products exports soar to record highs in 2020 Brazil's crude oil and refined products exports soared to a fresh record high in 2020 as the coronavirus outbreak lowered local demand for diesel and gasoline, according to data released Feb. 1 by the National Petroleum Agency, or ANP.
BRAZIL DATA: Refined product sales sink 6% in 2020 Sales of refined product in Brazil fell by 6.0% in 2020 as the coronavirus outbreak dented domestic demand, although a strong harvest season helped diesel sales tread water, according to data released Feb. 1 by the National Petroleum Agency, or ANP.
India's small-scale gas potential gives LNG by trucks a boost The vast potential that gas offers in India has prompted energy companies to push plans to supply LNG by trucks into top gear, a move that will expand the clean fuel's reach to relatively smaller pockets of demand where there are limited pipeline access.
OIL FUTURES: Crude tests one-year highs as market eyes OPEC+ compliance Crude futures settled near one-year highs Feb. 2 amid a focus on OPEC+ production compliance and improved demand outlooks.
US LNG Weekly: Gulf Coast Marker falls below $5/MMBtu as market pressure eases The value of spot cargoes set to load in the US Gulf Coast in March have fallen below the $5/MMBtu as demand for LNG in major destination markets eased.
REFINERY NEWS: Limetree Bay restarts St. Croix refinery Limetree Bay refinery has begun processing crude and producing and selling refined products, after a longer-than-expected hiatus, CEO Jeff Rinker said in a Feb. 1 statement.
Rotterdam port attributes bunker sales growth in 2020 to container demand **Rotterdam sees uptick in container deliveries in recent months **Equipment shortage in container markets exacerbated significantly **Ports in the UK saw significant delays, disruption towards end-2020
Oman Oil Marketing Company plans bunkering terminal at Duqm: report **Facility will have 30,000 cu m storage **Commissioning due by Q2
European fuel oil paper volume in January MOC down 31% on month **55,000 mt of fuel oil derivatives traded in Platts London MOC **Fuel oil paper fell 39% year on year
Port of Rotterdam's permit scheme for bunker vessel operators starts smoothly The Port of Rotterdam's scheme to require bunker vessel operators to hold permits started Feb. 1, as planned, with 24 permits issued covering 143 vessels, it said Feb. 2.
RUSSIA DATA: Jan refining throughput down 7.3% on year at 22.784 mil mt Russian refineries processed 22.784 million mt (about 5.4 million b/d) of crude in January, down 7.3% year on year and down 1.2% from December, according to energy ministry data released Feb. 2.
OPEC+ calm ahead of committee meeting as oil prices rise, but tough decisions loom **Co-chairs Saudi Arabia, Russia to convene JMMC Feb. 3 **Current production quotas set through end of March **Saudi cut lifts prices, but many in OPEC+ eager to pump more
Japan's COVID-19 state of emergency extension to hit transport fuel demand **Japan may lift state of emergency prior to Mar. 7 expiry **Feb gasoline, jet fuel demand may show double-digit drop **State of emergency hits Jan gasoline demand after Dec recovery
Libyan oil exports to rise sharply in Feb after easing in Jan: sources **Feb shipments to average 1.32 mil b/d **Es Sider, Zueitina, Marsa el Hariga loadings jump **Lower production curbed exports
UK green hydrogen, offshore wind CFDs 'should be harmonized': ITM Power **Storage solution to power price risk: Cooley **Green H2 premium 'can be levied on power price' **Aiming for Eur0.5 million per MW installed
Hydrogen to become 'material' part of BP business only in 2030s: CEO **Build-out will not happen 'overnight', Looney says **BP active in hydrogen projects in Germany, UK **BP 'disciplined' on renewable project selection
PORTUGAL DATA: Road fuel sales drop 14% in 2020 **Diesel sales down 13%, gasoline 17% **State of alert in place until March **Bunker volumes lifted by LSFO volume
Port of Gothenburg's 2020 energy product throughput slips 3% **Nearby refineries report strong operations **Container throughput almost level
Limited refining expansion, high prices cloud China's 2021 crude import outlook **Overall crude imports to grow 81,000 b/d: Platts Analytics **Crude throughput to rise 600,000 b/d: analysts **State-owned sector's crude imports seen flat in 2021 **Shandong's dismantling project to have limited impact on crude appetite
Australia's CS Energy partners with Japan's IHI to develop hydrogen demonstration plant Australia's Queensland state government is pushing further into the renewable hydrogen space through a collaboration with Japan's IHI Corp. on the potential development of a demonstration plant.
Middle East OSP cuts expected amid weak demand cues **Pandemic outbreaks, product margins cap buying appetite **Cash Dubai premium dips to 48 cents/b for January
BP sees more oil demand pain as pandemic hits fuel sales, refining margins **Q4 production slumps 20% on year **Sees more pressure on refining margins **Reserves base shrinks in 2020
Russia's Jan oil output rises 1% on month to 10.16 mil b/d **Output, exports fall on year due to OPEC+ agreement
Sri Lanka's Ceypetco lowers 3-year gasoline import forecasts amid pandemic **2021, 2022 gasoline import volumes revised downwards **No additional term tenders for 2021 **Demand to recover firmly only in 2023
China was top importer of US LNG cargoes in January amid Platts JKM run-up **Winter demand feeding Asia appetite **Late-February could see swing to Europe
TENDER DATA: India's IOC tender seeking 25,000 mt LSFO goes unawarded A company source said that no bids were received for the tender, likely due to the prompt delivery date and the specifications requested.
TENDER DATA: Sri Lanka's Ceypetco cancels Feb-May tender seeking 180 CST fuel oil A company source, while declining to comment on the reason for the cancellation, said that Ceypetco would instead be seeking three additional fuel oil cargoes in March.
TENDER DATA: Sri Lanka's Ceypetco cancels tender seeking 30,000 mt 180 CST fuel oil for mid-Feb Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation.
Platts FOB Singapore fuel oil trading volume in Jan jumps on month to 1.29 mil mt Trades in physical FOB Singapore fuel oil cargoes during the Platts Market on Close assessment process saw a more than fivefold increase to 1.29 million mt in January from December 2020, S&P Global Platts data showed Feb. 1.
TENDER DATA: Taiwan's Formosa sells 40,000 mt 180 CST HSFO for Feb 4-6 The company last sold 40,000 mt of 130-180 CST fuel oil with maximum 0.9% sulfur via a tender for loading over Jan. 14-16 from Mailiao at a discount of around $50/mt to MOPS Marine Fuel 0.5%S assessments, market sources said.
Bunker supplier Orim to offer MGO to sales list at ARA region Bunker supplier and hitherto low sulfur and very low sulfur fuel oil specialist Orim Energy has added marine gasoil to its list of bunker fuels on offer in the Amsterdam-Rotterdam-Antwerp bunker hub, the company said in a statement Feb. 1.
TENDER DATA: Taiwan's Formosa sells 10,000 mt pyrolysis fuel oil for Feb loading he fuel oil is produced at its ethylene plants and typically blended into low sulfur fuel oil for power plants, market sources said.
European LSGO futures net speculative length rises to new one-year high Speculative net long positions in ICE low sulfur gasoil futures rose 784 contracts to 78,690 in the week to Jan. 26, a fresh one-year high, according to ICE data.
EMEA middle distillates: Key market indicators this week European distillates markets were relatively stable despite weak demand, with the contango in the market even narrowing over the week to Feb. 1.
AMERICAS BUNKERS: Key market indicators Feb. 1-5 Spot marine fuel markets throughout the Americas have seen pricing fluctuate with global energy futures while demand fundamentals remain mixed.
NextDecade terminates plans for proposed second LNG export facility in Texas NextDecade abandoned plans Jan. 29 for a second LNG export terminal in Texas, saying the site it was considering was not suitable for development.
Primorsk Feb ULSD exports total 1.58 million mt in 48 cargoes Exports of ultra low sulfur diesel from Primorsk in the Baltic will total about 1.58 million mt in February, up 1.5% from January but 10% lower year on year, according to a copy of the loading program seen by S&P Global Platts on Feb. 1.
OIL FUTURES: Crude tests top of recent rage amid tightened supply outlooks Crude oil futures settled near 11-month highs Feb. 1 as tightened supply outlooks overshadowed pandemic-related demand concerns.
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