Cleaves: "Panama Canal just made VLGC transits harder" High traffic, seasonal fog and COVID-19 related issues had already led to congestion and long waiting times for VLGCs transiting the Panama Canal, reports Norway's Cleaves Securities. In an advisory note dated
Iran seizes South Korean tanker Tensions are ratcheting up in the Middle East as Iran's Islamic Revolution Guards Corps announced that it had stopped a South Korean-flagged ship "for environmental pollution in the Persian Gulf," adding that
Golden Ray: Stern section separated from wreck The St. Simons Sound Incident response team has completed cutting operations to separate a second section -the stern, designated as Section Eight-from the wreck of the capsized car carrier stern Golden Ray.
Thoma-Sea awarded $178 million contract for two NOAA ships The National Oceanic and Atmospheric Administration's effort to recapitalize its aging fleet of research ships took a step forward December 31 with the U.S. Navy's award of a $178,082,877 contract to shipbuilder
Senate overrides Trump NDAA veto For the U.S. maritime industry, the 2020 legislative year did not end until January 1, 2021. That's when the Senate held a session at which it completed, by a vote of 81
Croatia receives first LNG shipment Croatia is among countries in eastern Europe to have embraced FSRU technology as a means to fast-track LNG imports so...
Ships urged caution after Iran seizes South Korean tanker BIMCO has warned shipping to be on its guard after Iran seized a South Korea-flagged handysize tanker in the Strait...
Boxships waiting at anchor for up to two weeks on US west coast Difficulties in removing containers from terminals due to a congested supply chain mean there is no space for boxships to...
Navios Partners and Navios Containers agree merger Angeliki Frangou-led companies aim to unite fleets in the first half of 2021, creating a diversified owner of about 80...
WFW expands maritime disputes team Mike Phillips, who spent six years as Stephenson Harwood's head of marine and international trade, has left the firm to...
Healthy levels expected for capesizes as tonnage thins While some market participants expect capesize activity to remain at healthy levels, others expect 'uninspiring' rates in January and February...
Daily Briefing Free to read: ZIM eyes fourth IPO bid on NYSE main bourse | Why transparency sits at the heart of...
CSSC Shipping buys kamsarmax quartet from Minsheng Trust Vessels will be leased back to the seller for $133m, including estimated lease interest of about $24.7m, under a 10-year...
Evergreen ship loses 36 containers near Japan Evergreen said no personnel were injured and none of the containers were carrying dangerous goods. Salvage operations have been initiated...
Capesizes were top candidates for scrapping in 2020 About 30 very large ore carriers were sold over the course of the year, with many of these ships having...
Zim eyes fourth IPO bid on NYSE main bourse Zim made three other attempts to go public before this latest bid, which was lodged with the New York Stock...
CSIC ex-chief faces jail after being expelled by party He was also found to have engaged in suspicious activities, frequently visited private clubs or expensive resorts, traded power for...
Golden Ray dismantling continues into new year No end date is in sight as the wreckage removal proceeds nearly 16 months after the roll-on/roll-off vessel capsized off the coast of Georgia.
FEATURE: IMO 2020 caused a stir but shipping's future energy transition looks tougher still **Industry successfully navigated sulfur cap **Next targets will be even harder **Credit access may get trickier
FEATURE: Nigeria's oil revival unlikely in 2021 without major reforms **Production slumps to four-year low in 2020 **COVID-19 threw Nigeria's oil industry into turmoil **Sector anxiously awaits passage of PIB in 2021
Saudi energy minister urges OPEC+ discipline as some members seek output gains **OPEC+ alliance meeting to set February oil quotas **Delegates say Russia proposed 500,000 b/d increase **Prince Abdulaziz says loose pumps could sink market
TRANSCRIPT: Saudi energy minister's opening remarks to OPEC+ meeting **Prince Abdulaziz says alliance's mission is not finished **OPEC+ must 'avoid the temptation to slacken off our resolve' **OPEC+ meeting to set February production quotas
OIL FUTURES: Oil retreats as market waits on OPEC+ decision, eyes tighter COVID-19 restrictions **OPEC+ job not done: Saudi energy minister **JMMC meeting ends without policy recommendation **UK expected to tighten pandemic restrictions
Iran says it restarts 20% uranium enrichment as tensions simmer in Persian Gulf **New enrichment level further violation of 2015 nuclear deal **Action likely to heighten tension in Strait of Hormuz **US reverses decision to withdraw aircraft carrier from Gulf
Port of Rotterdam raises port tariffs amid Brexit, coronavirus **Rates rise comes amid logistical pressure on ports **North Asia-North Continent container rates at highest so far
IRAQ DATA: December oil exports rise 5% amid signs of lax OPEC+ compliance **Kurdish, federal exports rose month-on-month **Iraq struggled to stick to 2020 quota **New January quota is 3.857 million b/d
Iran's IRGC seizes South Korean chemical tanker **Hankuk Chemi seized on air pollution grounds **Tanker was en route to UAE from Saudi Arabia
Platts FOB Singapore fuel oil trading volume in Dec falls on month to 240,000 mt Trades in physical FOB Singapore fuel oil cargoes during the Platts Market on Close assessment process dropped nearly 15% on the month to 240,000 mt in December, S&P Global Platts data showed Jan. 4.
Platts discontinues most global 180 CST high sulfur bunker assessments
External: Global Risk Management
Australian LNG to balance Asian demand recovery with climate challenge in 2021 **Approvals for some natural gas and LNG import projects likely in 2021 **Low oil and gas prices to suppress earnings of producers **Government lags corporates in climate change and carbon reduction efforts
TENDER DATA: Sri Lanka's Ceypetco buys 180 CST fuel oil for Jan 16-17 The tender replaces the company's previous tender seeking 5,000 mt of 180 CST grade with maximum 3.5% sulfur
Asia residual fuel market - Key market indicators this week Firmer fundamentals are expected to buoy sentiment in the Asian low sulfur fuel oil market in the first trading week of 2021 amid lower arbitrage supply from the West into Singapore and an uptick in demand from North Asian power utilities.
SINGAPORE DATA: Jet fuel, gasoil stocks inch up 0.6% as exports falter **Inventories hold above 15 mil-barrel mark for sixth straight week **Jet fuel exports plunge on tepid airline activity **Singapore flips to net gasoil importer
Kuwait supports OPEC+ decisions maintaining crude market stability: oil minister **Minister expects oil demand recovery in H2 **OPEC+ ministers set to meet virtually Jan. 4 **Coalition to discuss Feb oil production
FEATURE: Asia Marine Fuel 0.5%S demand expected to rise in 2021 **Low sulfur bunker demand to reach pre-pandemic levels in Q2 2021 **Supply to likely keep pace with rising demand
SINGAPORE DATA: Residue stocks rise 7.7% to 22 million barrels Dec 30 **Singapore fuel oil imports fall 22% to 563,976 mt **Singapore fuel oil exports double to 423,543 mt
Russia may start exporting Belarusian oil products in 2021 Russian deputy prime minister Alexander Novak said Jan. 4 that export of Belarusian oil products via Russian may begin in 2021.
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