Micah Morris to lead Callan Marine Brown Water Division Galveston, Texas, headquartered dredging contractor Callan Marine has promoted Micah Morris to Operations Manager of its Brown Water Division, where he previously served as project manager. Morris is a graduate of Texas
Powerful new cutter suction dredge joins Suez Canal fleet The latest addition to the Suez Canal dredge fleet, the Mohab Mamish, was set to arrive at Port Said on board the heavy load carrier Xiang Rui Kou this evening. It is
Jon Nass to take helm at Port of Gulfport The Mississippi State Port Authority (MSPA) Board of Commissioners has named Jon Nass the new CEO and Executive Director of the Port of Gulfport, following a national search. "After nearly an eight-month
Samsung Heavy unveils new ECO-WTIV design South Korea's Samsung Heavy Industries (SHI) has unveiled its first proprietary Wind Turbine Installation Vessel (WTIV) design. It breaks new ground by using a combination of advanced green technologies to slash CO2
Hagland orders a pair of plug-in hybrid self-unloaders Haugesund, Norway, headquartered Hagland Shipping has ordered two 5,000 dwt self-discharging bulkers at the Royal Bodewes shipyard in the Netherlands. They will feature a plug-in battery hybrid power solution meeting IMO Tier
VesselsValue: Volatility continues in crude tanker sector Over the last few months, the crude tanker market has continued to show signs of volatility, with rates still suffering and cargo miles faltering again in February after a short period of
Support vessel sent to aid fire-damaged Antarctic supply ship Australia has sent a support vessel after its Antarctic resupply ship Everest was 'engulfed' by fire. The ship is diverting...
The week in charts: Tanker scrapping flatters to deceive | Box data highlights pandemic pain | Suez stoppage shoots up freight rates Tanker demolition numbers through the first quarter did little to raise hopes of reducing oversupply weighing on rates, while the...
The LL view: End the scandal of seafarer abandonment, now and forever Without rigidly enforced penalties for owners who evade best practice, those at the sharp end will continue to suffer
Nauru flag targeted by sanctioned shipowner There are 75 tankers now registered with 17 flags of African countries, or Pacific or Caribbean islands with little technical...
Container spot freight rates see Suez impact Freight rates usually slide following the Chinese New Year holiday. This year supply chain woe, high demand and the disruption...
'Extraordinary reduction' in hull claims' cost and frequency Record lows attributed to reduced shipping activity and are unlikely to continue as world trade picks up, industry told
Trafigura opens carbon trading desk Commodities trader joins growing carbon credit market, with its current head of crude oil for Europe taking leadership of the...
The Lloyd's List Podcast: Why decarbonisation requires more than aspirational soundbites The transition to zero-carbon shipping is riddled with uncertainties, most outside of the control of shipping companies and the industry...
Box growth data lays bare impact of pandemic Latest container volume figures show a 16% jump in February, when factories across China remained closed to contain the spread...
Suez fallout slows supply chain recovery Box lines were already struggling with port congestion and inland haulage delays. The added disruption means any recovery will be...
Lower rates expected for Qatar LNG shipping tender Qatar Petroleum has also offered shorter fixed tenures for the very numerous tankers being tendered out
Plight of abandoned seafarers is 'very critical' A crew member from the abandoned bulk carrier, Ula, told Lloyd's List that the situation has reached a critical point...
Iran releases seized South Korean tanker Iran has released the South Korean tanker Hankuk Chemi, which was seized in January amid a row concerning oil funds...
Secondhand bulk carrier values see biggest gains in a decade Prices of five-year-old capes and newcastlemaxes have gained 26% over the last year, while handies have gained 29%, according to...
Court intervenes in US port crime watchdog dispute New Jersey is seeking to withdraw from a bi-state commission that monitors corruption at New York's port complex
Flexible tonnage set to access untapped LNG demand Small-scale ships capable of multi-tasking stand to benefit from better utilisation as LNG demand, which is tied to power generation...
Daily Briefing Free to read: Crude Greeks decide it's time to go very large | Ever Given operator launches claim against registered...
Florida's Jaxport offers solution to US port congestion 'Jacksonville is quickly emerging as an alternative port for shippers looking to avoid congestion,' says chief executive. 'We're big enough...
Tiger Gas ships first bulk LNG cargo to China The company is focused on shipping and distributing liquefied natural gas using ISO tanks to access the vast, untapped demand...
Could container shipping rates stay this red-hot until 2022? Container shipping spot rates haven't budged from COVID-fueled peaks. Cargo shippers' hopes for a rate pullback are fading.
DHL adds airfreight capacity to Asia-Pacific network DHL Express has added two large freighters to its fleet to bolster service between the Asia-Pacific and the U.S. and Europe, in response to "exponential"...
Light at end of the tunnel for battered tanker trade? Glimmers of hope for the beaten-down tanker sector: more OPEC+ crude production and more long-haul exports from the U.S. to India.
East-West jet fuel shipments show uptrend, but uncertainty remains Jet fuel shipments from the Persian Gulf and India to Europe improved marginally in March from February, propelled by optimism from vaccination programs and travel initiatives, which are poised to pave the way for the reopening of air travel. But several brokers tracking such deals said that concerns over their sustainability over the coming months remain.
Higher supply pressures Middle East LPG prices as Chinese demand grows Asia is bracing for higher Middle East LPG supply, as Saudi Arabia unwinds its voluntary 1 million b/d in extra crude production cuts over May through July, while US-Iran indirect talks over restoring the nuclear deal boost hopes of sanctions relief that could see restrictions on Iran oil sales lifted.
Middle distillate stocks fall below 13 mil-barrel mark to a year low Singapore's onshore commercial middle distillate stocks slipped for the sixth straight week as healthy jet fuel exports propelled yet another drawdown in inventories.
UK to allow international travel from May 17 in boost for jet fuel International travel from the UK could resume from May 17 at the earliest, Transport Secretary Grant Shapps has said, providing a boost for the jet fuel outlook in Europe.
Total restarts crude extraction at Italy's Tempa Rossa after maintenance Total's long-delayed Tempa Rossa heavy oil development in southern Italy, which began ramp-up operations toward the end of 2019 and is still short of reaching full capacity output levels of 50,000 b/d, has restarted extraction activities after an extraordinary maintenance cycle, the French company said April 8.
RINs costs offset refined products demand increase for smaller US refiners US refinery margins have been rising this year as the lifting of coronavirus restrictions has boosted demand for transportation fuels, although that demand increase has been offset for some smaller refiners by the rising costs of adhering to the Renewable Fuel Standard.
Exxon mulls closure of Norway's Slagen refinery as region's clean fuel shift continues ExxonMobil is considering closing its 116,000 b/d Slagen refinery in Norway to convert the site into a fuel import terminal, the company said April 8, marking a potential further casualty of Europe's surplus refining capacity as the region's fuel demand shrinks and competition from new markets continues to grow.
OIL FUTURES: Crude edges lower amid higher OPEC+ output, US-Iran talks Crude oil futures settled lower April 9 as the market eyed rising global supply outlooks.
OIL FUTURES: Crude prices slip on higher OPEC+ March production Having been stable in European morning trading, crude oil prices slipped slightly around 1200 GMT on news that OPEC+ production increased by 450,000 b/d in March, with Russia and Iraq pumping well above their agreed caps, while quota-exempt members Iran and Libya also boosted output, according to the latest S&P Global Platts survey.
FEATURE: EU review of ETS an opportunity for aviation decarbonization **SAF costs four times more than petroleum-based jet fuel **European carbon prices have soared this year on tighter supply **SAF use gaining traction as more companies pledge net-zero targets
BUNKERWORLD INDEX: Prices show mixed signals amid varying local dynamics, bearish crude indicators **Fujairah demand weak, supply good **Rotterdam demand steady, some tightness **Panama demand firming
OPEC+ bolsters output by 450,000 b/d in March despite strong compliance: Platts survey **OPEC+ compliance falls to 111% in March from 113.5% in February **Saudi output 8.11 mil b/d; Russia pumps 9.34 mil b/d
REFINERY NEWS ROUNDUP: Maintenance mostly over in Africa South Africa's Cape Town and Engen remain closed.
Lure of lofty margins lift China independent refiners' runs to record highs **Refining margins surge to highest level in Q1 **Margins could strengthen further heading into spring: Platts Analytics
Singapore's MPA announces increase in port dues rates **Hike to come in two phases **Move to fund operating costs, faster turnarounds for ships
Scrubber uptake may gain pace on shippers' move to decarbonize **New technology to enable scrubbers tackle CO2 emissions **Shipowners still mulling over various zero-carbon fuels **Hi-5 spread to support scrubbers adoption
South Korea's April 0.5% sulfur bunker supply seen similar to March: sources **Refiners to supply 500,000-550,000 mt of 0.5% sulfur bunker in April **Hyundai Oilbank to import 80,000 mt in April: source
SINGAPORE DATA: Residue stocks rise to 5-month high amid higher imports, fewer exports **Lackluster bunker demand contribute to stocks buildup **Fuel oil exports decline 30%
Singapore May ex-wharf marine fuel term indications little changed as demand stays low Some traders said they were waiting to move inventory before placing their bids, as supply of ex-wharf bunkers is currently ample.
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