Elaine Chao resigns Secretary of Transportation Elaine Chao will reportedly resign Monday in the wake of yesterday's events in which a mob of Trump supporters overran the Capitol. The Hill newspaper quotes a letter from
Piriou to build new French coastal ferry France's Piriou Shipyard has been awarded a contract by the Pays de La Loire region for the construction of a ferry to serve the island of Yeu off the French Atlantic coast.
Keppel O&M delivers world's first smart LNG bunkering vessel Delivered by Keppel Offshore & Marine's Nantong, China, shipyard on January 4, the 7,500 cubic meter bunker capacity FueLNG Bellina is not only Singapore's first liquefied natural gas (LNG) bunkering vessel, but
Scorpio Bulkers to become Eneti Inc. Emanuele A. Lauro led Scorpio Bulkers Inc. (NYSE: SALT) said today that it intends to change its name to Eneti Inc. The company is transitioning away from the business of dry bulk
Schottel makes major investment in crane system upgrade Propulsion specialist Schottel GmbH has invested EUR 500,000 (about $612,000) in a new crane system that's now in operation at its Wismar, Germany, subsidiary. The new system ensures a faster and more
Crowley forms division focused on offshore wind and LNG Crowley Shipping has formed a New Energy division that will provide services supporting the emerging energy sectors in the U.S. and adjacent regions, particularly concentrating on offshore wind and liquefied natural gas
U.S. Coast Guard issues type approval for previous-generation Alfa Laval BWMS On December 30, 2020, as we reported earlier, the U.S. Coast Guard (USCG) issued its type approval for the Alfa Laval PureBallast 2 ballast water management system. The approval means that most
Dalian Port Co changes name as consolidation progresses The proposal to merge Yingkou Port Liability Co has been approved by the stock market regulators. DPC had expected to...
Oakland welcomes new 'first-call' liner service with CMA CGM Meanwhile, in anticipation of even larger ships and more cargo, the port of Oakland has received three new cranes, describing them as...
US Customs and Border Protection targets cargoes produced by forced labour The price of getting caught can be high, she said, noting that there are reputational, financial, and legal risks associated...
Focus on most polluting ships would bring emissions down faster The idea to focus more on the most polluting ships rather than force the whole industry to adopt greener fuels...
Maersk to launch new team to pursue decarbonisation goals Maersk made a commitment two years ago to become carbon neutral by 2050. It is now accelerating that process by...
Odfjell considering sustainability-linked bond issue The chemical tanker company, which has committed to carbon neutrality by 2050, wants the mulled bonds to be placed on...
Container market recovery extends through November The latest figures on the deepsea container trades show unwavering demand through November of the past year, with little sign...
Japan Club confirms 10% general increase 'We deeply understand the burden caused by the increase on our members already in a difficult business environment, and would...
Breaking down the barriers to mentoring Speakers on a Nautical Institute webinar reveal that mentoring at sea adds to what can be taught at college. There...
Container lines set to blank fewer sailings Less than six weeks before the usual annual shutdown of China's manufacturing production and the slowdown of the ocean logistics...
Japanese shipbuilders vow to regain competitive edge The long-awaited joint venture Nihon Shipyard was formally established at the beginning of this year to create synergy and develop...
Scorpio Bulkers to rename as Eneti The company says it plans to sell all its remaining bulkers in the first quarter of 2021. Some of the...
Daily Briefing Free to read: LNG spot rates boom stokes hopes of vast improvement in 2021 | Car carrier sector shows signs...
Pandemic acts as a boon for Hong Lam Marine's fleet renewal plans 'The outbreak bolstered interest in our new tankers as it has motivated the industry at large to reduce human contact...
Singapore gets first fully digitalised bunker trade The system is anchored on Singapore's TradeTrust standards and frameworks to increase transparency and visibility of a bunker transaction. Elements such...
Crew-change restrictions tightened to combat mutant coronavirus Although most countries have made the taking of a PCR test mandatory for crew, the Philippines has temporarily suspended entry to...
South Carolina Ports defends hybrid labor model The division of work between state employees and union members at the new South Carolina container terminal goes to the labor board.
'Blue wave' stimulus could spur import surge on top of surge A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.
Air cargo market levels off in November; passenger sector sinks The airfreight sector is nursing itself back to health and should be discharged from intensive care by April. Find out why.
November air passenger traffic demand down 70.3% on year as growth stalls: IATA **November passenger decreases almost level with October **Firmer January outlook led by India and Brazil **Q1 pricing outlook flatlines
Listen: Diesel faces up to the challenges of 2021
ANALYSIS: Clean tanker West of Suez markets brace for ice premium impact at Baltic ports **Most Baltic ports to develop ice in next 10 days **Northern Handysize owners bullish on prospects
European mobility slumps as lockdowns drag Germany to new pandemic low **Gasoline, jet fuel demand most exposed to latest demand hit **More than 230 million Europeans under restrictions: WHO **European air traffic steady around 62% below 2019 levels
New KRG oil minister unlikely to end spat with Baghdad over oil, revenue **KRG appoints Kamal Atroshi, ex-Total and Petronas **KRG, federal government in talks over budget revenue sharing **Differences over oil portfolio stymying OPEC+ compliance
IRAQ DATA: Dec oil production up 4.7%, breaching OPEC+ quota **Dec. output at 3.857 mil b/d was above 3.804 mil b/d quota **Kurdish and federal output both rose in December **Kurdish and federal domestic use remained steady
Bunker One grows supply efforts in UK **New supply operation along the Thames **Q3 UK bunker supply down 25% on year
Scorpio Bulkers eyes name change after unsuccessful scrubber gamble **Company focusing on wind turbine installations **Returns on scrubber-fitted vessels have plummeted
Hong Kong Jan 0.5%S marine fuel term differential inked at minus $10-$15/mt, down from Dec Term contracts for the supply of 0.5%S marine fuel at the port of Hong Kong in January have been concluded at a discount of $10-$15/mt to benchmark Singapore 10 ppm sulfur gasoil cargo assessments, down from December, Hong Kong-based suppliers said.
Platts CEC carbon credit price rises 10 cents to 90 cents/mtCO2e after Democrats win US Senate Platts CEC, or "CORSIA-eligible" carbon credit, price rose 10 cents/mtCO2e day on day Jan. 6 to be assessed at 90 cents/mtCO2e, after Democrats won control of the US Senate with two victories in Georgia.
Japan's COVID-19 emergency to halt gasoline recovery, but boost kerosene demand **Gasoline demand seen dropping 10% during state of emergency: refiner **Gasoline demand slumps to 35-year low in May 2020 after emergency measures **Weak domestic demand may support gasoline exports
Saudi Aramco OSP hike at high end of market expectations: traders **Aramco raises Feb Asia OSPs by 20-70 cents/b across all grades **Supply cuts, Dubai structure support price hike
Fuel oil imports into Kuwait for power demand likely to continue Jan-Feb amid refinery upgrades Kuwait is likely to continue importing high sulfur fuel oil over January-February to meet its local power generation demand amid ongoing refinery upgrades in the country, a source at state-owned Kuwait Petroleum Corp. said late Jan. 6.
Saudi Arabia comes to the aid of OPEC+ but seeks goodwill in return **Prince Abdulaziz shifts from quota enforcer to benefactor **Increasing split between Russian, Saudi oil policy **Wobbly oil demand, budget pressures weigh on kingdom
Niger Delta militants threaten to resume attacks on oil facilities **RDNA opts out of government talks, declares 'war' **Nigeria under economic strain, militancy could add to woes
Norwegian shipper Wallenius Wilhelmsen to return 9 vessels to service in Q1 **Mixed macro-economic outlook **Jan mobility looks lower than Dec average
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