USCG opens Lower Mississippi River to all vessel traffic following Hurricane Ida The Coast Guard captain-of-the-port, New Orleans, Capt. Will Watson, has opened the Lower Mississippi River to all vessel traffic in New Orleans and key ports throughout Southeast Louisiana, following Hurricane Ida. After
Retired CWO pleads guilty as "Fat Leonard" case rolls on In the latest development in the so-called "Fat Leonard" case, the U.S. Attorney's Office for the Southern District of California reports that on August 31, retired Chief Warrant Officer (CWO) Robert
Russian companies plan to build LNG-fueled icebreaker Moscow-headquartered Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has signed a letter of intent with Rosatom State Corporation and the Far
ECDIS: Still a work in progress? The U.K. and Danish marine accident investigation agencies have published the finding of a long running study of ECDIS (Electronic Chart Display and Information Systems) prompted by their investigations of groundings since
All hail the smart shipping revolution Welcome to the era of hyper-connectivity, which will divide the industry between the brave and the timid
Asia-Pacific trade deal likely to be more exciting than it looks 'It covers 30% of the world's population and anything from a quarter to a third of the world's GDP. It...
Putin eyes regular Arctic shipping from next year Putin tells the 2021 Eastern Economic Forum that Russia needs to test out the Vladivostok - St Petersburg route and...
Ultrabulk says chief executive Lange to step down Per Lange, who has been head of the Denmark-based company for the past 11 years, steps down in the new...
Evergreen says most cargo from Ever Given now delivered After unloading its cargo in Rotterdam and Felixstowe, the vessel Ever Given has returned empty to Asia, where it is...
Supply chain desperation and how not to fix it Plus more on methanol, the Marshall Islands, and our Special Report on North America
Korean Register sees safety risks in alternative fuels Contact with cryogenic fuels can cause skin burns, lung damage and even infertility
Klaveness starts shipping emissions reports for aluminium major While Norway's Klaveness is working with a major charterer in the aluminium industry on carbon emissions reporting across the supply...
Saudi terminal operator looks for expansion at home and away Saudi Arabia's terminal operator wants to grow both locally and internationally. Investment from the Saudi sovereign wealth fund and Cosco...
The Lloyd's List Podcast: How to comply with decarbonisation rules even before they have been set Perhaps the biggest conundrum in shipping is how shipowners can order new ships when they don't know which fuel will...
New shipping hedge fund launched by Cleaves Former head of equity research Joakim Hannisdahl, whose recommendations outperformed the market by 340% since 2014, will lead the new...
Meeting shipping's climate goals requires confidence By working together as an industry, embracing fuel flexibility, and consulting with expert partners, shipping can, indeed must reach its...
US Gulf seaborne crude and product flows: Down, but not out Gulf refineries are shipping less to Latin America as coronavirus outbreaks stall demand
Gourdomichalis brothers win US legal fight with Pacific Gulf Three-year legal battle ends with court in Houston, Texas dismissing all claims against Fearless Shipping & Trading
Dry bulker bonanza drives owners to pay premium for resales Secondhand prices have doubled as freight earnings are elevated. The sector has turned into a sellers' market, where acquiring quality...
Impact of hurricane on US grain terminals shakes up bulk trades A number of US grain terminals have been taken offline by Hurricane Ida. This is disrupting soyabean shipments from the Gulf...
US emissions policy remains unclear Apart from an overarching goal to get international shipping to zero emissions in 2050, US intentions for emissions policy remain...
Signs of hope for US ship finance amid dry bulk boom Sentiment in ship finance is improving alongside the markets, despite worries over Covid and the wider economy. Rising asset prices...
Daily Briefing Marshall Islands doubles down on $100 emissions levy proposal | 'Poseidon Principles for marine insurance' scheme in development | Owners...
EU's shipping regulations 'not incompatible' with IMO Current regional and international regulations are not incompatible and a more ambitious IMO strategy is 'the only reply' to increasingly...
Port of New Orleans reopens following closure from Hurricane Ida Port officials are still assessing Hurricane Ida's impact, but initial reports indicate no major damage to the facilities.
IRAQ DATA: Total crude exports rise, as federal gains more than offset Kurdistan drop Iraq appeared to take advantage of its higher OPEC+ production quota in August, increasing its crude exports by 3%, or 106,000 b/d, in the month.
White House warns of increased hacking around holidays, offers mitigation steps The White House is warning critical infrastructure operators and others to be vigilant of ransomware and other cyber threats going into the Labor Day holiday weekend.
DUBAI FUTURES: Nov EFS inches wider as US hurricane outages set to slow cargo flow to Asia The front-month Brent/Dubai Exchange of Futures for Swaps widened slightly in mid-morning trade in Asia Sept. 3 amid expectations that outages in the US due to Hurricane Ida would temporarily slow down the current flow of US crude arbitrage barrels into Asia.
Sweden partners with Gold Standard on high-quality emissions reduction credits The Swedish Energy Agency has partnered with environmental standards group Gold Standard to buy high-quality greenhouse gas emissions reduction credits to meet the country's national climate target under the Paris Agreement, Gold Standard said Aug. 25.
Angolan crude diffs bounce off 15-month lows as demand for Oct picks up Angolan crude differentials have started to recover from the 15-month lows reached at the end of August, breaking a downward trend prevailing since July as October-loading barrels find renewed demand from around the world, according to trading sources.
Dutch company to clear Demerara River in Guyana to boost oil vessel flows Netherlands-based industrial and maritime service company Koole Contractors Sept. 3 signed a $3.7 million contract with the Guyana government to remove three shipwrecks from a river channel to make way for an upsurge in traffic by vessels supporting oil exploration drillships.
OIL FUTURES: Crude rally fizzles following weak US payrolls report An overnight oil price rally fizzled in early New York trading Sept. 3, with prices falling into negative territory following a weaker-than-expected US jobs report.
OIL FUTURES: Crude prices retreat as US jobs miss fuels near-term demand concerns Crude futures settled lower on Sept. 3, after an overnight rally fizzled in the face of a weaker-than-expected US employment report.
Consortium targets methanol-powered vessels from Russian shipyards **Methanol about twice as costly as fuel oil **Project's methanol may come from hydrocarbons
Global mobility at post-pandemic high as concerns ease over delta outbreaks **Threat of new variants still hanging over market **China data supportive of demand recovery
Norway awards $10.32 million to green ammonia bunker project **Initial ammonia costs will be high **Project targets world's first renewable ammonia bunkering terminal **Industry faces chicken-and-egg dilemma
OIL FUTURES: Crude supported by US stocks draw, demand outlook A US crude oil stock draw of over 7 million barrels in the latest week and optimistic demand forecasts from OPEC+ have kept sentiment in the market firmly on the bullish side.
BUNKERWORLD INDEX: Prices climb on US hurricane, tightening HSFO **HSFO supply tightens in Middle East **HSFO availability restrictions to linger in Med **Operations start to resume at New Orleans
REFINERY NEWS: Russia's Moscow plant starts building deep processing complex The complex will enable it to reach almost 100% depth of processing and halt the production of fuel oil.
HSFO open interest on ICE falls in August as 180 CST physical activity eases **ICE open interest for HSFO falls, LSFO open interest rises **Pakistan reduces 180 CST HSFO purchases in August for domestic power sector
Russia's Gazprom Neft, Sovcomflot sign agreement on cleaner shipping **Deal covers shipping via Arctic Northern Sea Route **Envisages use of LNG, hydrogen, ammonia, methanol in shipping
Platts clarifies quality reflected in global Marine Fuel 0.5% assessments S&P Global Platts would like to clarify that product reflected in its global Marine Fuel 0.5% cargo and bunker assessments shall not contain chemical compounds at levels that make it non-merchantable in the end-user bunker market.
Platts proposes to amend volumes for Houston, New Orleans bunkers assessments S&P Global Platts proposes to amend the ex-wharf and delivered volumes assessed for the Houston and New Orleans bunkers markets for marine fuel 0.5%S and IFO 380, and establish a minimum and maximum volume for MGO in those ports, effective Nov. 1, 2021.
Platts includes FSUs in ex-wharf Singapore bunker assessments S&P Global Platts has started reflecting approved floating storage units as additional delivery points in its ex-wharf Singapore bunker assessments for 380 CST HSFO and Marine Fuel 0.5% sulfur from Sept. 1, 2021.
SINGAPORE DATA: Residue stocks fall to 6-month low amid rise in fuel oil outflows **Fuel oil imports rise 16% amid higher volumes from Russia, Europe, Africa **Exports rise nearly 60% on strong power demand from Middle East, South Asia
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