Green Shipping Line partners with DEKC on Jones Act offshore wind vessels Fair Haven, N.J., based Green Shipping Line (GSL) has signed a teaming agreement with Groningen, Netherlands, based DEKC Maritime (DEKC) to create Jones Act compliant offshore wind vessel solutions in the United
BMT Rembrandt simulator is cloud technology breakthrough BMT reports that its Rembrandt ship simulator solution has successfully completed its first virtually operated maritime simulation trials. The trials, hailed by BMT as "a cloud technology breakthrough," were carried out in
World's first fully-electric fast ferry starts construction The Fjellstrand shipyard on Norway's west coast has kicked off construction on a 31 meter long by 9 meters wide catamaran that will be the world's first fully-electric, zero-emission ferry to be
Nigeria launches long awaited antipiracy initiative As part of a stepping up of actions to address the ongoing piracy issue in the Gulf of Guinea, Nigeria, has today announced a significant investment in military and law enforcement infrastructure
Nigeria's anti-piracy initiative wins shipping's approval Nigeria announced its Deep Blue maritime security project - a mix of coastal surveillance, troops, patrol boats and aircraft it...
IMO faces call for stricter protection of Arctic Arctic groups are calling on countries at the International Maritime Organization to do more to protect the Arctic region as...
Supply chain crisis frays shipper-carrier relationships Shippers are furious at the high cost and poor reliability of ocean freight. But many of the solutions are beyond...
Australian watchdog launches legal action against shipbuilder Australian Securities & Investments seeking declarations and pecuniary penalties related to involvement in US warship building programme
Trafigura expects higher metals volumes in transition to low-carbon future The company says the global economy is 'not out of the woods yet' as inflationary pressures become a major concern for...
Iran's crude convoys to Syria continue apace The latest in a string of regular tanker convoys delivering between 1.05m-4m barrels of Iranian oil to Syria per month...
Suez Canal Authority says Ever Given's master was responsible for speed before blockage SCA rejects insurer's claim that vessel whose grounding caused a six-day shutdown of the key waterway in March was under...
IMO chief warns 'failure not an option' on cutting emissions International Maritime Organization secretary-general Kitack Lim opened the Marine Environment Protection Committee with a stronger-than-usual warning on the need for...
Crewing crisis is 'manageable but not sustainable' V.Group says the broad spread of crew-source countries has been beneficial. However, new fuels and technologies will place increasing pressure...
HFW hires former master for Singapore office Mark Myles has special expertise in tankers after having accrued more than a decade of sea time in his career
Brexit and pandemic hit UK port throughput volumes The third national lockdown during the first quarter saw a downturn in both imports and exports through UK ports. Pre-Brexit...
Vitol Bunkers makes an early move on green fuel offsets The group stands to tap its vast exposure to carbon trading to offset the fossil-based products it is offering to...
Expert Focus: How emissions accounting can help decarbonisation New technologies and regulations are fundamental enablers of shipping's decarbonisation. But robust emissions accounting and the transparency that offers will...
Daily Briefing Free to read: Shipping needs its regulator to show up | China ports throughput hit by supply chain chaos | Shippers...
US container imports from China at risk from new retail act Big retailers and others, including the electronics, furniture and toy industries that put so many boxes on ships, are opposed...
Abandoned crews languish as cases drag on The International Transport Workers' Federation has recovered $45m in owed wages last year alone; a significant figure given the challenges
One crew member dies amid coronavirus outbreak on bulker off Spain According to Lloyds List Intelligence, prior to the death of sailor and illness onboard, the bulker made a short stop at...
Yantian Port congestion has echoes of Suez Supply chain chaos at Chinese ports, the politics of China's pitch for a Hamburg terminal stake, and why shipping may...
NYK joins carbon capture think tank NYK is eyeing a different route to shipping's decarbonisation target, with carbon capture and storage seen by some as a...
What $70+ oil means to container, tanker and dry bulk shipping Rising fuel costs are yet another woe for containerized cargo shippers, while widening spreads should benefit ships with scrubbers.
Exclusive: Proposals submitted to address ocean shipping crisis The proposals hope to enforce the carriage of trade and excessive penalties U.S. importers are being charged by foreign carriers.
Port of LA reaches 10 million-container milestone "With our sustained focus on supply chain digitization, infrastructure investments and strong business relationships, we have the opportunity to build on this historic milestone," says...
Egypt's vast gas resource to drive future hydrogen industry: minister Egypt's vast natural gas resource base will enable the country to produce hydrogen to meet future demand for the fuel both domestically and internationally, energy minister Tarek el-Molla said June 9.
REFINERY NEWS ROUNDUP: Runs down at China's independent refiners Crude throughputs at China's independent refineries in eastern Shandong province fell 1.3% month on month to 2.38 million b/d -- or 10.05 million mt -- in May, marking a 14-month low amid heavy maintenance despite refining margins having risen, according to data released from local energy information provider JLC on June 9.
ARA diesel, gasoil stocks fall 7.4% on week as traders destock Stocks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp, or ARA, hub fell 7.4% on the week to 2.135 million mt in the week to June 10, according to Insights Global data.
TENDER DATA: Taiwan's Formosa sells 40,000 mt of 180 CST fuel oil for end-June loading Formosa is an occasional seller of fuel oil in the spot market, usually targeting sales of one cargo/month. Details of the company's last sell tender could not be ascertained.
Oil sanctions relief expected to take months after US, Iran reach deal: analysts While oil traders appeared ready June 10 to accept an instantaneous end to US sanctions on Iran's oil sector, analysts expect the Biden administration to take several weeks or months to actually remove them after the two countries agree to rejoin the 2015 nuclear deal.
OIL FUTURES: Crude climbs on strong demand outlooks, shrugging off US product builds Oil futures pushed to fresh multiyear highs June 10 as the market looked past large US product builds toward robust summer demand outlooks.
Local demand buoys prompt Med gasoline market A dearth of export requirements is pressuring freight rates, an effect exacerbated by rising bunker fuel costs.
Dubai starts offering biofuel to small vessels, following similar move at Fujairah **Wood boats on Dubai Canal use 1.1 mil liters/year of diesel **Biofuels already offered in Fujairah
Energy, emissions front and center as NATO militaries look to future **Climate change, fuel use loom large at NATO summit **Switch to sustainable fuels faces supply, cost challenge
OIL FUTURES: Crude sees sharp dip as US eases some Iran sanctions **US lifts some sanctions on Iran oil sector **Crude falls 2% on headlines, then stabilizes
Trafigura reports 'exceptional' oil trading result as markets recover **Traded oil volumes rise 14% over 2020 to 6.4 mil b/d **Expects second-half trading results to be weaker
OPEC forecasts more demand for its oil with H2 growth quickening **Call on OPEC crude rises to 27.09 mil b/d in Q2 **OECD inventories below 5-year average in April
CFTC enforcement case seen showing broadened focus on benchmarks **Case centered on fuel oil price, cross-market activity **CFTC seen looking at broad range of energy products
Hong Kong bunker discount to gasoil widens as suppliers switch to another benchmark **Benchmark for monthly ex-wharf contract shifts to Singapore MF 0.5%S **Benchmark for longer-term contracts likely to switch to MF 0.5%
OIL FUTURES: Crude prices dip on large US products build The build in gasoline inventories reflected that bullish market expectations after the Memorial Day weekend did not materialize.
Shell to step up climate effort but still provide oil and gas, appeal Dutch ruling: CEO Ben van Beurden said he felt Shell was unfairly singled out by the May 26 ruling of a district court in the Hague
Exporters, buyers brace for normal flows of Iranian LPG, condensate Assuming the US completely removes sanctions in second-half 2021, Iran can export 3.73 million mt during the period, sources said.
Shipments via Belarusian section of Druzhba suspended on repairwork In May deliveries were 3.252 million mt, or around 769,011 b/d.
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