Oakley acquires grain terminal North Little Rock, Ark., headquartered commodity trading, distribution, and transportation company Bruce Oakley Inc., has acquired a grain terminal facility in Cahokia, Ill., from American Milling. Oakley plans to operate the terminal
AWO applauds passage of NDAA The American Waterways Operators has applauded the recent passage of H.R. 6395, the William M. (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, noting that "for AWO and the
VIDEO: Stern section removed from Golden Ray wreck The St. Simons Sound Incident response team today completed the removal of Section Eight, the stern, of the capsized car carrier Golden Ray. The heavy lift vessel VB-10000, which had earlier completed
New leadership at Maritime UK Maritime UK has appointed Sarah Kenny as its new Chair and Robin Mortimer as its new Vice Chair. Kenny, who is CEO of BMT Group was previously Vice Chair and replaces Harry
EBDG supports trawler modernization project Elliott Bay Design Group (EBDG) is supporting Rockland, Maine, headquartered O'Hara Corporation as it modernizes its 204-foot factory trawler, Alaska Spirit. The vessel has been fishing Alaska's Bering Sea since 1989 when
Japan Marine United delivers third in series of advanced 3,055 TEU box ships Shipbuilder Japan Marine United Corporation has delivered Wan Hai 323 the latest in a series of eight new 3,055 TEU containerships being built for Taiwan's Wan Hai Lines. The ships are the
Removable bow turns tugboat into icebreaker A project with the potential to make any ice-strengthened vessel into an icebreaker (see earlier story) is moving right along. The Finnish Transport Infrastructure Agency (FTIA) has now converted the tugboat Calypso
ClassNK advises: Install BWMS early on Shipowners waiting too long to install ballast water management systems (BWMS) by the deadline set by the IMO BWM convention may face problems. Classification society ClassNK has been periodically analyzing the retrofitting
Shipping firm among latest US sanctions targets in Iran The US 'remains committed to denying revenue flowing to the Iranian regime as it continues to sponsor terrorist groups, support...
Venezuela's crude oil exports slow to a trickle Exports in 2020 dropped to 500,000 barrels per day compared with a high of 2.29m bpd in 1997, LLI data...
South Korea demands release of tanker seized by Iran South Korea is sending diplomats to Iran and a destroyer to the Strait of Hormuz to demand that Iran release...
Shippers call for container line pricing scrutiny Container line customers are up in arms over a shortage of containers and additional fees being added to their services...
Panama Canal moves to support VLGC market Cleaves Securities estimates net effective VLGC fleet capacity to reduce by 6.7% due to recent canal policy changes further boosting...
Will carriers control shipping's digitalisation? The Federal Maritime Commission will examine a joint venture on IT standards for the issuance of an electronic bill of...
Grimaldi takes delivery of first of three newbuildings due in January Eco Barcelona will be joined by Grande Texas and Eco Livorno in the opening weeks of 2021
Daily Briefing Free to read: Ships urged caution after Iran tanker seizure | Navios Partners and Navios Containers agree merger | ZIM eyes...
Japanese lines to focus on social responsibility in 2021 ESG has emerged as a key theme as the major Japanese lines keep up with global trends. A realisation that...
China to tighten inspection on box shipping carriers' pricing practices Chinese regulators are said to be preparing another 'consultation' with carriers, in a renewed attempt to cool off the sizzling...
World's largest ethane carrier makes maiden call at US terminal According to Lloyd's List Intelligence vessel movement data, the vessel called at the Orbit terminal in Nederland on December 30 to...
Southern California ports face pressure from rising volumes Kip Louttit, executive director of the Marine Exchange which manages the ports' vessel traffic, said all is well with their...
Liners highly unlikely to slash service for Chinese New Year Like clockwork, liner operators sharply reduce their sailings each year during the Chinese New Year holiday. Not in 2021.
TSA 100% screening option could be cheaper for cargo shippers The Transportation Security Administration's top official for air cargo security is looking at a less-expensive alternative to intrusive inspection of all freighter shipments.
PFG threatens to halt crude exports from Libya's Marsa el-Hariga terminal: sources **Guards complain of delayed salary payments **PFG could make similar moves at other eastern terminals **Libyan oil production surged to multi-year highs in Dec
OIL FUTURES: Oil rallies amid reports OPEC+ will extend cuts into February **Saudi Arabia, Russia agree to one-month extension: reports **Germany extends pandemic lockdowns
REFINERY NEWS ROUNDUP: Companies in Europe increasingly turn to renewables Poland plans to have 2 GW of hydrogen electrolysis capacity and 2,000 hydrogen fuel cell buses on its streets by 2030 as part of a new strategy to promote the use of the fuel, the government said Jan. 4.
Dec fuel oil barge volumes traded in London MOC up 26% on month **0.5% sulfur barge volumes up nearly 39% **3.5% sulfur barge volumes up 21%
Container rates to UK from North Asia hit all-time high **Equipment shortages and demand push rates higher **No reprieve expected until after Lunar New Year
Italy's Grimaldi says new HSFO-powered vessel beats IMO 2030 target **Vessel equipped with scrubber system **Carbon intensity below IMO 2030 target **Ships ordered now must meet tougher future climate goals
North Sea crude flows to Asia dip in December Flows of North Sea crude grades Brent, Forties, Oseberg, Ekofisk, Troll and Johan Sverdrup to Asia in November totaled 11.46 million barrels, down 36% from November, according to commodity data company Kpler.
UAE's Masdar seeks to double renewable capacity in 3-5 years **Current gross capacity at 10.7 GW **Company eyeing projects in Israel, Saudi Arabia
CONTAINER QUARTERLY: Rates expected to remain strong on extended cargo demand **Container rates to Europe continue to show strength despite Brexit deal **All eyes focused on Chinese New Year to gage Chinese exporting volumes
FEATURE: Tanker owner hopes for recovery slip to H2 2021 as bearishness rolls into new year **Fundamentals point to slow recovery in freight rates **Slower inventory stock draws to dampen tanker demand **Marine bunker spreads to provide little support to scrubber installations
NIGERIA DATA: Dec crude, condensate exports up 5,746 b/d to 1.66 mil b/d **Nigeria exports more to India, less to North Europe **No cargoes destined for China, unchanged from Nov
AZERBAIJAN DATA: December crude output in line with OPEC+ quota at 586,900 b/d **December production up just 100 b/d from November **OPEC+ quota rises to 595,000 b/d for January **OPEC+ meeting Jan. 5 to set February quotas
European fuel oil paper volumes in December MOC fall 71% on month The volume of fuel oil swaps traded in December during the Platts Market on Close assessment process in London fell 71% month on month, as the fuel oil market awaited the year's end.
TENDER DATA: Sri Lanka's Ceypetco seeking 90,000 mt 180 CST fuel oil Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation.
Europe and Africa residual fuel: Key market indicators this week The European fuel oil markets began the new year amid continued pressure on refinery margins, with 0.5%S marine fuel still the most valuable transport fuel crack as the intensifying coronavirus pandemic hit wider transport demand.
Open interest for Singapore MF 0.5%S futures hits record for fourth consecutive month **Open interest for Singapore MF 0.5%S forward curve up 5.82% on month **Open interest for HSFO forward curves up 0.37% on month
REFINERY NEWS ROUNDUP: Galp to halt Porto refinery operations in 2021 Portugal's Galp said in a regulatory filing Dec. 21 it will discontinue its refining operations at the Porto refinery from 2021 and concentrate its core refining activities and future developments at its larger Sines refinery.
FEATURE: Higher demand from scrubber-fitted vessels to sustain bullish Singapore HSFO over 2021 **Rise in scrubber-fitted vessels to boost HSFO demand in 2021 **Saudi Arabia's utility, industrial usage demand key to Asia HSFO prices **Short-term Asia HSFO market seen balanced to long on ample supply
TENDER DATA: Sri Lanka's Ceypetco seeks 25,000 mt of 180 CST fuel oil for early-Feb Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation.
TENDER DATA: Sri Lanka's Lanka IOC seeks marine fuel 0.5% for Jan. 25-26 delivery Lanka IOC occasionally seeks marine fuel 0.5% volumes from the spot market via tender to meet bunker demand at Trincomalee.
Platts FOB Singapore 2020 fuel oil swaps trade volume slips 10% from 2019 **Marine Fuel 0.5%S trade volume surges to 39.62 mil barrels in 2020 **Singapore fuel oil swap trade volume falls 10% in Dec from Nov
FEATURE: No respite for Asian commodity markets from geopolitical risk in 2021 **US-China headed for clean energy arms race: Eurasia Group **Phase 1 trade deal unlikely to see major changes in H1 2021 **US-Iran engagement key issue for oil markets: Platts Analytics
BRAZIL DATA: November refined product sales dip 2.5% on year **Oilseed, sugarcane harvests fade **Pandemic undercuts sales growth **Brazil sales to snap three-year trend
BRAZIL DATA: Crude oil output slides, while exports rise to record in November **Maintenance work undercuts production **Atapu Field well flow rates impress **Oil exports rise seventh year in row
S Korea's refiners shrug off tanker seizure in Iran, remain hopeful of oil trade resumption **South Korean companies not seen as hostile targets **Refiners hopeful for at least partial resumption of Iranian oil trades **$7 billion of Iranian assets locked in S Korean banks
OPEC+ adjourns meeting until Jan. 5 with no deal yet on February oil quotas: delegates **Russia seeks 500,000 b/d increase, but many opposed **Saudi Prince Abdulaziz says loose pumps may sink market **Novak says vaccines have improved oil market outlook
Rotterdam crude palm oil surges past $1,000/mt on output concerns, soybean oil rally Crude palm oil spot prices for shipment to Rotterdam surged to $1,032.50/mt on Jan. 4, a 10% increase on the month, due to production delays at origin and a strong soybean oil market.
REFINERY MARGIN TRACKER: Margins rise as mobility increases on COVID-19 vaccine rollout **European, Asian traffic congestion rises to half of 2019 levels **US traffic congestion at 50% of last year's levels
Singapore receives first LNG bunkering barge **Singapore LNG bunkers priced higher than VLSFO **LNG gaining traction globally as a marine fuel
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
