North P&I Club names Arklow Shipping's James Tyrrell as chair Global marine mutual insurer North P&I Club has elected James Alexander Tyrrell as the new chair of its board, succeeding Pratap Shirke, while Ioanna Procopiou has become the club's first female vice-chair.
Titan LNG charters LNG bunkering vessel Amsterdam-headquartered independent LNG supplier Titan LNG has reached an agreement to charter in NYK Line's LNG bunker vessel Green Zeebrugge. Previously known as the Engie Zeebrugge, NYK renamed the vessel after becoming
Callan awarded long-term Corpus Christi dredging contract Callan Marine has been awarded the long-term contract for maintenance and new work dredging of the Port of Corpus Christi. "The Port of Corpus Christi is a vital piece of our waterway
Stena Line plans to operate fossil-free RoPax vessels by 2030 North European passenger and cargo ferry specialist Stena Line plans to start operating two fossil-free battery powered vessels on the route between Gothenburg, Sweden, and Frederikshavn, Denmark, by no later than 2030.
New BOEM Director hits ground running with offshore wind announcement The Department of the Interior's Bureau of Ocean and Energy Management has a new Director: Amanada Lefton. She most recently served as New York Gov. Andrew Cuomo's First Assistant Secretary for Energy
Iran Sanctions: U.S. seeks forfeiture of oil on Maranakis tanker The United States has filed a forfeiture complaint in the U.S. District Court for the District of Columbia alleging that all oil aboard a Liberian-flagged vessel, the M/T Achilleas (IMO No. 9398072),
Extreme weather in the Pacific 'needs more research', say scientists The phenomenon, which is described as 'plume of precipitable water vapour', extended from Hawaii to California, also prompting 17 of 38...
US files lawsuit to seize Iranian oil on board Greek tanker The 2010-built, 298,763 dwt Achilleas (IMO 9398072) last reported position was off the coast of Guyana in South America. The Port of New...
Euronav 'future-proofing' with ammonia suezmaxes Much of the company's fourth-quarter presentation revolved around the prospects of environmental technology and shipping's emissions-reduction predicament, showcasing their ever-increasing...
Abandoned bulker crew on hunger strike over unpaid wages Repeated attempts to resolve the situation have fallen on deaf ears, and the handysize bulker remains at Shuaiba port in...
From the News Desk: Virus spurs shipping's digitalisation Coronavirus may be the cultural push shipping has long needed to spur its digitalisation. How well operators manage this transition...
'Fraudulent' website targets North Group 'If you receive any unusual or unsolicited emails for which you are unsure of their origin, please contact your normal...
Weekly Briefing: Box bonanza beckons | Tanker troubles continue | Seasonal bulker lull This week: All eyes are on container line results to gauge the full extent of the surge in demand and...
Can freeports boost the UK's post-Brexit trade? The scale and ambition of some of the bids made by ports in combination with local businesses shows that the...
Caribbean refinery restart to boost compliant fuel supply The refinery is well-situated to process a mix of feedstocks - including a growing supply of Latin American sour crudes...
Hamburg Süd chief executive Vespermann steps down Arnt Vespermann spent more than 20 years at the German carrier. He will be replaced by chief commercial officer Poul...
Boxship owners fix for longer periods to lock in gains Tonnage providers are benefiting from higher rates in a buoyant market. Now is a good time to look for longer...
Castor Maritime buys first kamsarmaxes Purchases underline a turn towards larger bulkers
Euronav says freight rate pressure to last through 2021 The company suffered losses in the fourth quarter as crude oil demand did not pick up and supply cuts continued...
Daily Briefing Free to read: Revealed: The subterfuge tanker fleet keeping Venezuelan and Iranian crude flowing | Disagreement on ship prices stalls...
Ammonia retrofits for LNG-fuelled ships to pick up in 2030s Ships currently running on liquefied natural gas are forecast to switch to ammonia rather than hydrogen as a next-generation fuel, DNV...
Samsung Heavy wins orders for another 13,000 teu pair Deal comes as major South Korean shipbuilders have revealed their order targets for 2021, showing optimism about a market recovery
Seasonal lull hits bulkers but agri-commodities provide support The shortage of available containers in many export ports, especially in China, could see increasing demand for dry bulk tonnage...
EIA: US energy use will take years to reach pre-pandemic levels The EIA reference case sees US crude production rising above 13m bpd by 2025, peaking at 13.88m bpd in 2034...
Singapore arbitration body and Baltic Exchange sign collaboration deal The Singapore Chamber of Maritime Arbitration and Baltic Exchange Asia see many areas in which they can complement each other and...
Westports volumes drop slightly on lockdown impact The above-average container yard utilisation and yard congestion in the fourth quarter of 2020 affected Westports as well as many...
Wind shift: Scorpio Bulkers makes official its name change to Eneti Company's massive bet on dry bulk from 2013 never quite panned out
Stifel bullish on dry bulk shipping despite falling capesize rates Investment bank raises ratings on two bulker owners
Nasdaq-listed shipping player enters Bitcoin mining amid crypto fever Sino-Global Shipping America wants to enhance logistics platform with 'innovative technologies'
Zim breaks through IPO price after week of recovery Israeli liner player makes it back from 23% loss on initial trading day
New boss takes the helm at Hamburg Sud as Vespermann steps down Maersk opts for 'continuity' in appointing shipping veteran Poul Hestbaek to top of German liner company
Vroon crewman wins $2,500 safety award for quick thinking on livestock ship Sherwin Montano nominated by colleagues after spotting dangers of horizontal ladder mounted from bunker barge
Total and Alfa Laval join AP Moller's decarbonisation lab Maersk Mc-Kinney Moller Center for Zero Carbon Shipping forms partnership with two major players
VLGC spot rates crash $80,000 in a month as tonnage list swells Brokers report that no cargoes are left unfixed for February as US exports fall
Raft of boxships needed to restore balance as Los Angeles congestion spikes Charter costs of replacements would hit $1.4m per day, Alphaliner calculates
In the modern shipping world, the new watchword is 'seller beware' An owner's responsibility these days does not stop when it has disposed of a vessel
Suez Canal wins over Panama on January LNG carrier transits Seasonal congestion is likely to continue during US export spikes, Kpler says
MX Bulk sells two kamsarmax newbuildings Isle of Man shipowner offloads pair of newbuildings under construction in China
US issues licence permitting payments to Venezuelan maritime agency Sanctions against INEA prevented any goods from getting into the South American country
Maran UK to appeal court ruling on Bangladesh recycling death Tanker owner appealing against earlier ruling to allow a claim against it to proceed to trial
Stolt Tankers brings in Shell man Hoekstra to speed IPO Chemical tanker owner appoints experienced oil and gas executive as chief financial officer
Two decades of pain stopping yards from coming up with decarbonisation designs Reinhard Luken defends the cash-burning sector from charges of silence on eco matters
EU puts 'cold ironing' for ships in ports back on agenda and Yara Marine jumps in The European Parliament's aim to ban emissions in ports can create huge demand, says Norwegian group expanding into green technology
Quick thinking needed as clock ticks down on EEXI compliance Incoming efficiency standards mean up to 80% of the trading fleet will have to upgrade
Pareto Shipbrokers recruiting as Tom Sunderland takes over in Aberdeen Offshore and renewables specialist wants to expand operations despite impact of pandemic
Titan LNG builds fleet with long-term charter from NYK LNG bunker supplier remains in the market for opportunistic long-term vessel charters as it holds off on final newbuilding decision
Charity MENAS making progress on persuading owners to pay their navigation dues Organisation that runs Middle East navigational infrastructure formalises payment deal with agency Inchcape
Altera eyes tanker sales and partnerships after $73m loss Tanker and FPSO group calls in financial advisers to promote growth
From $80bn to zero: where do European yards go after collapse of cruiseships? TradeWinds panellists debate the future of shipbuilding as the passenger sector falls away in the Covid-19 pandemic
Book club turns a new page in race and ethnicity conversation Inspired by Black Lives Matter, co-founders want to create a channel for education and dialogue
Just the job: 'Positive disruptors' help add diversity to interviews Pool of volunteers can aid companies in forming inclusive panels to select recruits
Wallenius Wilhelmsen fined $18m for cartel collusion in Australia Owner says court ruling marks 'closure' in long-running car carrier probe
Euronav adds another $50m to share buyback target Owner believes stock is heavily discounted compared to the price of a new VLCC
Euronav speeds up 27-ship docking programme after fourth quarter loss Belgian tanker owner says final three months were among most challenging in recent memory
MX Bulk sells off two kamsarmax newbuildings Isle of Man shipowner offloads pair of newbuildings under construction in China
Fredriksen vehicle Aeternum 'no retreat from shipping' New team of advisors is said not to be a sign that the tycoon is pulling back from his usual hands-on investment style as he plans succession
Remoy Shipping secures charters for half of former Hermitage PSV fleet Norwegian manager has now fixed six vessels on term deals after Nordic banks took control
Pratap Shirke: 'My father-in-law was right - I lost my shirt on that first ship' The shipping veteran reflects on a career in the industry and the P&I business
LNG shipowners could fall victim to fresh US Myanmar sanctions Wood Mackenzie says any such moves could make it difficult for gas carrier owners to import cargoes
Maran Tankers discusses dual-fuel VLCCs with Samsung Heavy Industries Greek owner switches yards and embraces new fuelling choice for next generation of vessels
Zhonggu inks $350m order for 10 panamax boxships at Yangzijiang Newbuildings will drive fleet efficiency and strengthen its position in domestic market
Castor Maritime snaps up second kamsarmax in as many days Growing Cyprus-based shipowner takes recent spending in the secondhand market to close to $50m
Sinokor presses pause on three LNG newbuildings Hull numbers show ships ordered at SHI two years ago were due to deliver in 2021 and 2022
Ocean container losses topple annual average in 2 months The discharging of damaged containers continues nearly two months after the storm-battered ONE Apus arrived in Japan.
Port of Long Beach's 2020 grew from bad to best Port of Long Beach Executive Director Mario Cordero delivers a melodious annual report.
Fuel oil arbitrage to Asia draws support from weakening freight The arbitrage to send fuel oil to Asia from the North Sea on Suezmaxes is open and drawing support from weakening freight rates, market participants said, with cold weather boosting Asian demand.
TENDER DATA: Taiwan's CPC sells 40,000 mt low sulfur fuel oil combo cargo for Feb 8-19 loading CPC has also issued a buy tender seeking 40,000 mt of 0.3% sulfur fuel oil for delivery at Keelung over March, a company source said. The company imports LSFO on behalf of Taiwan Power Co., which consumes LSFO at its power plants.
Brazil's Petrobras registers increase in Jan ULSD sales, sees exports flat in 2021 Brazilian state-led oil company Petrobras registered record sales and output of ultra low sulfur diesel in 2020 despite the ongoing coronavirus pandemic, with 2021 getting off to a strong start that underscores growing signs of recovery in domestic demand, according to the company's director for sales and logistics.
ARA diesel, gasoil stocks rise 3.4% on week as high Rhine levels hinder navigation Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub increased 3.4% week on week to 2.662 million mt in the week to Feb. 3, Insights Global data released Feb. 4 showed.
REFINERY NEWS: S Korea's Hyundai Oilbank raises Q1 crude throughput by 12% South Korean refiner Hyundai Oilbank has raised its crude throughput by 12% in the first quarter on expectations that refining margins will recover in 2021 due to the global rollout of COVID-19 vaccines, a company official said Feb. 4.
OIL FUTURES: Crude pushes to 1-year highs as OPEC+ cuts tighten supply outlooks Crude oil futures pushed to fresh one-year highs Feb. 4 as the market eyed a tightening global supply picture.
Brazil's Petrobras 2020 refinery output up 2.8% despite pandemic Brazilian state-led oil company Petrobras raised refinery output 2.8% year on year in 2020 as global demand for ULSD and low sulfur bunker fuel offset pandemic-related declines in domestic markets, the company said Feb. 2.
Peninsula adds LNG to bunkering business **Strategy part of efforts to focus on energy transition **Growing interest in duel-fueled vessels from customers
Tough conditions in store for tankers till at least H2 2021: Euronav **Too many ships chasing too few cargoes, says CEO **Hopeful that high scrapping rates will help reduce tonnage
LNG BUNKER WEEKLY: Avenir launches largest LNG bunker vessel Avenir launched the world's largest LNG bunker ship Avenir Allegiance on Jan. 28, with a capacity of 20,000 cu m. The ship, launched Jan. 27 at Zhoushan Changhong International Shipyard, will be delivered from CIMC in the third quarter, according to Avenir.
Total joins Maersk Mc-Kinney R&D center for zero carbon shipping **Alternative shipping fuels in early development **Maersk aims for zero CO2 emissions by 2050 **Total looking for 'carbon neutrality solutions'
Kuwait HSFO cargo imports likely to continue till 2022: FGE Kuwait Petroleum Corp. bought two 80,000-mt cargoes of high sulfur fuel oil in January and will likely buy more this year as its Clean Fuel Project (CFP) gains momentum, said Facts Global Energy this week.
Ammonia could help address decarbonization challenge in shipping: CNC **Industry collaboration, support from financiers warranted **Companies should start vetting ammonia as an option
Middle East and North Africa economy contracted 3.8% in 2020: IMF **Expects recovery to prepandemic levels in 2022 **Developing green infrastructure to accelerate recovery **COVID-19 vaccines critical for economic growth
Shell to 'accelerate' transformation as upstream oil and gas weighs on Q4 results **Forecasts Q1 recovery in upstream output, refinery throughput **LNG division, chemicals provide resilience through downturn **Strategy update due to be published Feb 11
CHINA DATA: Independent refineries' Jan crude imports jump 35% from Dec to 18.16 mil mt **Volume surges on new quota allocation for 2021 **Imports to ebb in coming months on weak demand **Hengli, ZPC contribute to Jan increment
TENDER DATA: Sri Lanka's Ceypetco seeks 180 CST HSFO for Mar 11-12 delivery Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation. The company last purchased 30,000 mt of 180 CST HSFO for delivery Feb. 26-27 from Vitol, S&P Global Platts reported earlier.
Panama Canal sets new monthly record in January for LNG transits: operator Fifty-eight LNG vessels transited through the Neopanamax Locks last month, the Authority said.
MARINE FUEL 0.5%: Outright prices rebound on tight supply; retail bunker market demand below normal Singapore is expected to receive about 2.5 million mt of low sulfur fuel oil from the West in February, traders said.
Bio-LNG a prime pathway to carbon neutrality in shipping: SEA-LNG "Bio-LNG is a credible zero-carbon pathway with massive, unrealized potential," SEA-LNG said.
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