Motor Services Hugo Stamp adds Alaska engine dealer Fort Lauderdale, Fla., headquartered Motor Services Hugo Stamp Inc. (MSHS Group) has added Highmark Marine Fabrication, LLC, in Kodiak, Alaska, to its dealer network. Highmark sells FPT, Baudouin, and Alamarin-Jet brands, for
Leidos delivers Seahawk autonomous vessel to U.S. Navy Leidos (NYSE:LDOS) announced today that it has completed delivery of a cutting-edge autonomous vessel to the U.S. Navy, known as Seahawk. The Office of Naval Research awarded Leidos the cost-plus-fixed fee contract
Dede Smith named Chair of NWC Navigation Caucus Dede Smith, Deputy Director for the Inland Rivers, Ports and Terminals (IRPT) association, has been named chair of the National Waterways Conference (NWC) Navigation Caucus. In addition to her role at IRPT,
Finland tests Bio LNG in Coast Guard vessel Wärtsilä is cooperating with the Finnish Border Guard in the testing of Bio-LNG as fuel for the 96 meter long Coast Guard patrol vessel Turva. The aim is to lower greenhouse gas
Consortium will use hybrid CTVs to testbed zero-emissions technology Esbjerg, Denmark, headquartered offshore wind crew transfer vessel (CTV) operator MHO-Co is leading a consortium that aims to develop a propulsion system that will use fuel cells and a new type of
MAN leads new project on ammonia-fueled four strokes MAN Energy Solutions has initiated a project that aims to define the steps necessary to produce a dual-fuel, medium-speed engine capable of running on diesel-fuel and ammonia. MAN Energy Solutions will transfer
USCG: Emergency dewatering equipment essential under Sub M A U.S. Coast Guard Marine Safety Alert (02-2) released last month notes the increasing failure rate of fixed and portable emergency dewatering equipment in the inspected towing vessel fleet. The alert reiterates
Tanker demolition fails to hit targets Higher scrapping was expected to help cut the oversupply of tankers weighing on rates
Maersk claims progress in carbon neutral methanol hunt Maersk's head of decarbonisation believes that the company's commitment to a having carbon neutral ship running on green methanol in...
Iran reports another possible limpet mine blast Iran reported another explosion, this time on its cargoship Saviz, used by its military in the Red Sea. No one...
Tanker rates rebound as Middle East Gulf export slump ends Middle East Gulf clean and dirty exports shrunk 9% year-on-year, Lloyd's List Intelligence data show, the lowest since 2010
Capital in line for $30m termination fee from tanker merger Under the termination deal, which is conditional on the merger with International Seaways being consummated, Diamond S has agreed to...
China's Africa investment strategy survives bumps in the road China has been chasing European Union investment in Africa, and the gap is narrowing rapidly. But there are concerns over...
Eemslift Hendrika salvage mission postponed but grounding risk 'small' UPDATE: Salvors are preparing to tow the listing Dutch yacht carrier Eemslift Hendrika away from Norway's coast after the dramatic...
Latsis takes delivery of first LNG carrier The 174,000 cu m newbuilding was delivered last week by Hyundai Samho Heavy Industries and is currently on its way...
Revamped PIL reshuffles board The reshuffling of PIL's board came after Heliconia Capital injected $600m rescue financing into the shipping line
Daily Briefing Free to read: Too early to call P&I hit for Ever Given, but it's looking increasingly complex | New finance and...
Fujairah seeks dismissal of US oil forfeiture case Fujairah International Oil & Gas Corp told the US District Court for the District of Columbia that the US government...
Eastern Pacific orders twin dual-fuel VLECs The Idan Ofer-owned company continues with its order spree and the latest deal brings the total number of newbuild orders...
Analysts bullish on US airlines as travelers prepare for 'jailbreak' Gloom and doom could soon turn to sunny skies for U.S. airlines. It's another story for international carriers, but everyone is managing heavy debt loads...
Maritime regulators dive into alleged tariff-fee overcharges "Widely varying" tariff fees charged by container lines have prompted federal regulators to consider new rules.
February air passenger demand down amid tentative recovery outlook Air passenger demand in February was almost 75% lower than in February 2019, worse than in January, on the back of travel restrictions, the International Air Transport Association said in a statement April 7.
Republic of Congo produced 282,661 b/d in March, just above OPEC quota The Republic of Congo pumped above its OPEC quota in March, producing 282,661 b/d of crude, a marginal increase from the previous month, according to a senior official from the country's hydrocarbons ministry.
NWE 0.1% gasoil at 2-month high on low production, weak demand The Northwest Europe 0.1% gasoil cargo market's relative value has risen to a two-month high amid lower availability for finished grade products and despite poor demand, sources said.
OIL FUTURES: Crude oil, fuel prices dip as US gasoline stocks spike Both crude oil prices and fuel benchmarks dropped slightly April 7 following the news that US gasoline inventories rose by greater volumes than commercial crude stocks fell in the week ended April 2.
NWE jet fuel cargoes hit two-and-a-half month high despite bearish fundamentals Cargoes of jet fuel trading in Northwest Europe strengthened to a two-and-a-half month high versus front-month ICE low-sulfur gasoil futures on April 6, with stocks having been drawn down amid lower eastern arrivals in the first half of April, as well as very limited regional production and a marginal increase in consumption.
Argentina launches incentive program to raise oil production, exports Argentina launched an incentive April 7 to spur oil production and exports, allowing companies making new investments of more than $100 million to freely use 20% of their export proceeds.
VGO loadings from Russia's Tuapse down at 90,000 mt in April Vacuum gasoil exports from the Russian Black Sea port of Tuapse will consist of three cargoes of 30,000 mt each in April, one cargo fewer than in March, according to a copy of the program seen by S&P Global Platts April 7.
US DATA: EIA says Gulf Coast ULSD stocks see largest regional week-on-week build Ultra low sulfur diesel inventories on the Gulf Coast saw the largest regional week-on-week build in the US, rising 1.07 million barrels to 45.51 million barrels during the week ended April 2, US Energy Information Administration data released April 7 showed.
Japan's ENEOS raises wholesale product prices by Yen 1,000/kl: sources ENEOS, Japan's largest refiner, has raised the domestic wholesale base prices of its five major rack petroleum products by Yen 1,000/kiloliter ($1.45/b) for the period April 8-14 for cargoes loaded by tanker truck, sources said April 7.
OIL FUTURES: Crude prices swing back up after release of Biden tax plan Crude oil prices swung back up on April 7 following the release of US President Biden's tax plan that would end some fossil fuel subsidies, after oil prices had traded down for most of the day on pandemic concerns and rising US gasoline stocks.
Hydrogen Europe targets EU state-aid rules to develop nascent markets Industry group Hydrogen Europe has called on the EU to provide integrated, holistic infrastructure and market frameworks for the development of the hydrogen economy in Europe, saying a reform of state-aid rules should be considered in the early stages.
Reliance, Chart lead coalition to form India hydrogen alliance India's Reliance Industries, US-based Chart Industries and a host of global energy and industrial companies have joined to form an energy transition coalition to commercialize hydrogen technologies to build a net-zero carbon economy in the world's third-biggest emitter.
USGC high sulfur fuel oil buying spree pushes market to premium to swap The start of April on the US Gulf Coast has seen a flurry of buying activity for HSFO after one of the quietest months on record.
Iran confirms ship blast in Red Sea involving 'logistics vessel' The explosion -- a second recent on an Iranian vessel -- is one in a spate of maritime incidents involving ships in Middle East waters. It comes amid a new round of talks in Vienna to revive the nuclear deal abandoned by the US.
EU's carbon border mechanism could face challenges, delays **Industrials face choice between free allowances and border charges **Issue could take 5-7 years to agree: energy lawyer **WTO now more open to carbon border measures: economist
Tuapse April fuel oil exports down on month at 480,000 mt March saw 510,000 mt loaded, unchanged from volumes seen in February.
FUJAIRAH DATA: Oil product stocks rise on week led by record jump in fuel oils **Fuel oil diverted from Singapore **Fujairah marine fuel at discount again
Sinopec eyes 15,000 mt/month LSFO production Sinopec has been ramping up LSFO production since Beijing allowed a value added tax rebate on domestically-produced low sulfur fuel oil barrels that are supplied to the country's bonded zone from February last year.
JAPAN DATA: Apr 3 oil products stocks dip 0.5% on week to 59.29 mil barrels Middle distillates stocks edged up 0.2% on the week to 27.64 million barrels.
JAPAN DATA: March 28-April 3 oil product exports rebound 6% to 2.71 mil barrels Low sulfur fuel oil exports slid 17% on the week to 236,133 barrels in the week ended April 3, while high sulfur fuel oil exports rose 14.2% on the week to 749,900 barrels.
JAPAN DATA: March 28-April 3 oil products output drops 8.3% on week Local refiners cut output of low sulfur fuel oil by 15.7% on the week to 0.60 million barrels in the week to April 3, while their output of high sulfur fuel oil decreasing 2.6% on the week to 1.17 million barrels.
JAPAN DATA: March 28-April 3 crude throughput drops 5%, run rates fall to 69.5% Japan's crude stocks dipped 0.6% on the week to 64.31 million barrels on April 3.
Japan Apr-Sep Marine Fuel 0.5%S term ex-wharf done at levels similar to year ago "At the same time last year, the market was pessimistic because of COVID-19, but after that, demand has recovered. I think the demand and supply balance will not change so drastically [in this coming six months]," a source at a refinery said.
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.
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