LNG-fueled Mardi Gras refuels for the first time at Port Canaveral Carnival Cruise Line has released photographs of Mardi Gras - the first cruise ship in the Americas powered by LNG - being refueled for the first time at its homeport of Port
Korean shipbuilding giant eyes the nuclear option One of the world's largest shipbuilders is to explore the possibility of nuclear power as a viable path to shipping decarbonization. Samsung Heavy Industries (SHI) has signed a nuclear power plant technology
Wärtsilä and RINA unveil novel propulsion concept In a challenge to traditional ship design thinking, Wärtsilä and classification society RINA have come up with a propulsion machinery arrangement that, they say, offers a highly efficient, future-proof alternative to the
Shipping needs its regulator to show up The International Maritime Organization's Marine Environment Protection Committee meeting, being held this week, has an opportunity to demonstrate why shipping's...
Weekly briefing: No end in sight for box boom | A capesize breather | Tankers wait for action Container demand growth eased in April, not that one would notice from the carnage in the market. Port congestion, rising...
Shippers renew call for block exemption to be removed The crisis in the supply chain has benefitted carriers at the expense of their customers. Greater visibility of what information...
Why Nautilus backs global minimum tax for shipping 'A global minimum tax would erode the business model of flags of convenience and encourage companies to base themselves and...
Shipping urged to form zero emissions strategy with UN Shipping companies should sign up to a UN-backed initiative mobilising corporate action in line with the Paris Agreement goals, according...
Cosco's Hamburg move is commercial pragmatism, not a political play Despite the rapid influx of Chinese investment in European ports over the past decade, barriers are rapidly being erected to...
China ports throughput hit by supply chain chaos The supply side disruption, including the coronavirus-led port congestion in Southern China, is taking a toll on the country's export...
Equipment shortages increase at southern China hubs Coronavirus cases found at Yantian have hit productivity at three of China's major export hubs. Shippers are warned to expect...
Global Ship Lease to buy 12 boxships from Borealis GSL to take over 12 Borealis Finance boxships that come with remaining charter durations of between three and 25 months
International Group warned of difficult reinsurance renewal Rising losses, climate change and cyber are causing marine reinsurers to push for rate rises
Diana prices new $125m bond in refinancing exercise Greek dry bulk carrier owner buys back $78m of older 9.5% bonds and will use the new bond proceeds to...
Pavilion Energy signs LNG offtake deal with BP The 10-year offtake comes attached with a commitment from BP and Pavilion Energy to quantify and report emissions for the...
Daily Briefing Free to read: Yantian 'contagion' will spread around the world | Shotgun marriage of shipping and private equity stumbles on |...
Pembina Pipeline buys 50% stake in Canada's FLNG project The FLNG, which will now draw on the financial backing from a home-grown gas pipeline owner-operator, stands to export up to...
Capesize sentiment remains positive as market loses ground The Baltic index has lost ground in the past two weeks. However, brokers are talking of a strong market for...
West coast ports sign deal with US inland port to improve cargo flow Port of Long Beach said the agreement with Utah Inland Port Authority will help to alleviate an 'unprecedented cargo surge' experienced since...
McQuilling partners with Vertis to enter carbon market The new venture will offer its clients access to carbon offsets via a partnership agreement to address their environmental sustainability...
Samsung Heavy to develop nuclear-powered ships The project will be based on the so-called molten salt reactor technologies, which the company describes as 'a carbon-free energy...
Top 10 liners control 85% of market - and they're not done yet Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
Congressional earmark aims to expand Port of Mobile container markets An intermodal container terminal in Alabama targeted for "earmark" funding would extend the reach of the Port of Mobile.
Viewpoint: Yantian might be 'worse than the Suez blockage' In an effort to keep trade flowing, major carriers have canceled sailings to Yantian - a useful diversion that has created a whole new chain...
Best of times sure beats worst of times From A.P. Møller - Maersk to ZIM, the world's shipping lines reported huge profit jumps.
FAA creates database for sharing of pilot records Bad apples can jump from one company to another because their full employment history doesn't always follow them. It happens in all industries. But when...
Cargo handlers move to airport suburbs to escape O'Hare congestion Cargo handling companies at Chicago O'Hare International Airport are crying, "No mas." They're investing in warehouses outside the airport because cargo volumes are causing gridlock...
India's MRPL offers first 0.35% sulfur fuel oil cargo for export Mangalore Refining and Petrochemical Ltd. has offered its first 0.35% sulfur fuel oil cargo for export via tender after a recent change in its crude feedstock slate, according to the company's Integrated Trading Desk, as the Indian refiner looks to maximize revenue for its very low sulfur fuel oil sales.
OIL FUTURES: RBOB leads complex lower following large US refined product builds NYMEX refined product futures led the energy complex lower June 9 following large builds in US gasoline and diesel inventories.
Europe's ICE low sulfur gasoil futures contango hits 6-week low despite demand uptick The prompt contango in the ICE low sulfur gasoil futures hit a six week low of $2/mt June 8, despite traders reporting increased demand for ultra low sulfur diesel -- the physical product underpinning the futures contract -- as European countries ease coronavirus mobility restrictions and drivers once again take to the roads.
Rising bunkers leave tanker owners reeling in falling markets **Bunker increase crushes voyage earnings for both tanker markets **Shipowners readjusting near-term strategies to compensate
OIL FUTURES: Crude continues upward trajectory on bullish demand outlook A build in inventories could cap further significant rises in oil prices if concerns start to mount over the robustness of the recovery in road fuels such as gasoline.
Vitol Bunkers offers carbon offsets ahead of new EU climate legislation **EU ETS to be extended to shipping **CEC credits have surged over 200% since January
IEA calls on private finance to prevent surge in emerging economy emissions **Annual spend needs to increase seven times **Capital 'significantly more expensive' for emerging, developing economies
HONG KONG DATA: April fuel oil imports fall 42% on year to 1.9 mil barrels **Jan-Apr imports fall 18.2% to 12.1 mil barrels **Bunker demand weakens amid quarantine regulations
FUJAIRAH DATA: Oil product stocks retreat across the board, light distillates near record low Export volumes may remain firm as Japan's largest refiner, ENEOS, plans to shut its sole CDU at its 145,000 b/d Sendai refinery for scheduled maintenance over early June to mid-July.
Glander International Bunkering says 2020-21 bunker sales rise despite COVID-19 setback **2020-21 bunker sales volumes rise 18.7% on year **Expanding into new markets, investing in green fuel
Container shipping grapples with China ports operational delays **Yantian, Shekou, Nansha ports face disruptions **Maersk, Hapag Lloyd, MSC ships omitting Yantian port
JAPAN DATA: May 30-June 5 oil products output rises 7% on week Local refiners boosted their output of low sulfur fuel oil by 19.4% on the week to 0.83 million barrels in the week to June 5.
JAPAN DATA: May 30-June 5 oil product exports fall 14.5% to 1.38 mil barrels Exports of high sulfur fuel oil, however, rose 15.2% on the week to 320,211 barrels in the week to June 5.
JAPAN DATA: Petroleum products stocks rise 1.2% on week June 5 Middle distillates stocks rose 0.9% on the week to 31.75 million barrels.
- 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
