NNS completes more CVN 79 compartments Huntington Ingalls Industries (NYSE: HII) reports that its Newport News Shipbuilding Division is making significant progress in the compartment and systems construction of the aircraft carrier John F. Kennedy (CVN 79). The
U.S. seizes sanctions busting tanker U.S. authorities have yet to lay their hands on the alleged owner and operator of a tanker at the center of a sanctions busting scheme, but they have the ship. On Friday,
Golden Ray: Oil discharge follows latest cut The St. Simons Sound Incident Response reports that wreck removal personnel separated Section Six from the remainder of the wreck of the capsized car carrier Golden Ray on Friday. However, during weight-shedding
BV classes world's first hybrid SES crew transfer vessel Bureau Veritas has classified the world's first hybrid-powered surface effect ship (SES), the CWind Pioneer. Built at the U.K.'s Wight Shipyard, the 22 meter long x 8.9 meter beam crew transfer vessel
Nigeria joins International Chamber of Shipping The Nigerian Chamber of Shipping has become a full member of the International Chamber of Shipping, and the first African...
British Marine hires marine insurance veteran 'Guy is a well-known and respected figure in the marine P&I market and brings a wealth of experience to the...
Three switch from Clyde & Co to Squire Patton Boggs Robert Parson is one of the leading trade finance lawyers in Europe with a track record in advising on some...
Container lines fighting losing battle on capacity Nominal capacity has been injected into key trade lanes. But with delays occurring throughout the supply chain, the amount of...
WFW hires Singapore partner from Hill Dickinson Move strengthens WFW's capabilities in Singapore, a key hub for disputes and arbitration for the Asia Pacific region
Smaller-sized bulker daily rates exceed $30,000 Fixtures were heard of at the $50,000 per day level in the ultramax segment on some routes as tonnage tightness...
China export quota vacuum not a threat for tankers The bearish factor for the tanker market is China's policy decision to reduce the output of independent refiners, such as...
Yangzijiang optimistic about dual-fuel newbuilds The newbuildings have helped push Yangzijiang's year-to-date new orders to 112 vessels, or $6.7bn in value terms, and its existing...
Daily Briefing P&I clubs face up to the Micawber dilemma | Fatal oil tanker attack off Oman 'caused by drone' | Wakashio...
US seizes sanctions-busting oil tanker linked to North Korea The tanker is the second North Korea-linked vessel forfeited in a US court
MOL takes cautious view of tanker market MOL expects a slow recovery towards the second half of the year, despite the global vaccination programme and a likely adjustment...
Shipping reviews security links in wake of fatal tanker attack As a diplomatic tit-for-tat exchange played out on Monday in the wake of the drone attack on Zodiac-operated product tanker...
Maersk posts blockbuster Q2 results - and Q3 looks even better Container giant earned $5.1 billion in the second quarter and expects earnings of $18 billion-$19.5 billion for the year.
COVID threatens Chinese exports as US struggles to restock inventories U.S. inventory-to-sales ratio still historically low as key import source - China - faces growing delta variant risk.
FreightWaves Flashback: Almost eight years in the Great Bitter Lake The "trapped" crews found many ways to pass the time, including holding their own Bitter Lake Olympiad, in celebration of the Tokyo Olympics of 1968.
Audit recommends enhancements for DHS air cargo security programs U.S. Customs and the Transportation Security Administration have different programs for preventing explosives from being smuggled onto aircraft in the cargo. A new report recommends...
Asia middle distillates: Key market indicators for August 2-6 Asian middle distillate markets are starting the Aug. 2-6 trading week on a steady note, with tightening gasoil supply balances and healthy Asian exports supporting the sector, while demand for jet fuel/kerosene remain suppressed by tight travel restrictions amid a spike in COVID-19 transmissions caused by the delta variant.
Singapore's jet fuel/kerosene MOC trade volume rises 20% on month in July on demand uptick The volume of physical jet fuel traded during the Platts Market on Close assessment process in Singapore rose 20% month on month to 500,000 barrels in July amid firmer demand from Europe and the US West Coast, S&P Global Platts data showed.
EU extends for five years anti-dumping measures on US biodiesel European Union anti-dumping duties on imports of US biodiesel will remain for another five years to prevent surging imports of artificially cheaper US biodiesel, the European Commission said in the EU official journal Aug. 2.
Asia residual fuels: Key market indicators for Aug 2-6 The cash differential for the FOB Singapore 180 CST high sulfur fuel oil assessment was expected to rebound in August after dipping in late July as pricing for late August and early September-delivery cargoes from power generation utilities comes into effect, traders said.
Asia crude oil: Key market indicators for Aug. 2-6 Crude oil futures ticked lower in mid-morning trade in Asia Aug. 2 from the July 30 Asian close after OPEC+ on Aug. 1 increased production levels by 400,000 b/d.
Japan's ENEOS, France's Neoen eye CO2-free hydrogen supply chain in South Australia Japan's ENEOS said Aug. 2 it has agreed with France's Neoen to consider developing a CO2-free hydrogen supply chain in Australia's South Australia state, under which the companies aim to transport hydrogen in the form of methylcyclohexane (MCH) to Japan.
BRAZIL DATA: Refined-product sales advance 12.1% on year in June Brazilian fuel distributors registered a 12.1% year-on-year advance in refined-product sales in June as demand in Latin America's largest economy continued to bounce back from the world's second-deadliest coronavirus outbreak, the National Petroleum Agency said Aug. 2.
AMERICAS BUNKERS: Key market indicators Aug. 2-6 Spot bunker pricing in the Americas registered a second consecutive week of increases with the aid of stable to heightened demand and bullish global oil prices.
OIL FUTURES: Crude slide accelerates as market weighs weak Chinese data, rising supply An overnight price slide accelerated in midmorning trading Aug. 2 as the market digested rising supply and weaker-than-expected Chinese economic data.
Japan's Cosmo Oil to start commercial sustainable aviation fuel output by 2025 Cosmo Oil, Japan's third-largest refiner, said Aug. 2 it will start commercial production of sustainable aviation fuel by 2025 after running a government-funded pilot project over fiscal 2021-22 (April-March) to FY 2024-25.
BRAZIL DATA: June oil exports jump 54% on year amid refinery maintenance Brazil's crude oil exports jumped 53.7% year on year in June amid maintenance at various refineries that reduced the demand for crude, and the output of domestic refined products, the National Petroleum Agency, or ANP, said Aug. 2.
Global airline capacity slips 0.5% on week as jet fuel recovery continues: OAG Global jet fuel demand may be slowly picking up, but scheduled airline traffic remains fragile with capacity for the period starting Aug. 2 slipping 0.5% on week to 81.3 million seats, according to aviation data company OAG.
OIL FUTURES: Crude slides as weak China PMI, delta spread hit demand outlooks Crude futures settled lower Aug. 2 as weaker-than-expected Chinese economic data and the continued spread of the COVID-19 delta variant added headwinds to demand outlooks.
EMEA Octanes: Key market indicators Strong demand for gasoline and high octane components puts pressure on the supply side, while blenders pivot away from butane as a blendstock destined for the US Atlantic Coast.
OIL FUTURES: Crude dips on bearish Chinese data, delta variant jitters There may be some slight profit-taking today, in light of softer economic data in China over the weekend, Yeap Jun Rong, Market Strategist at IG said.
Hong Kong August ex-wharf bunker premiums fall on weak demand "Even after the lift of the [quarantine] rules, demand is not rising as expected," said a bunker supplier.
Australian heavy sweet crude cash premiums appear resilient on month Last month, Woodside was heard to have sold a similar sized cargo of Vincent crude at a premium in the high-$8s/b to Dated Brent, FOB, traders said.
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